Last checked at 22 May 2024 07:51
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Barratt Developments plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Barratt Developments Plc |
(d) Date dealing undertaken: | 21 May 2024 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | YES - Redrow plc |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
10p ordinary | PURCHASES | 1,051,566 | 5.1600 GBP | 5.1000 GBP |
10p ordinary | SALES | 1,273,897 | 5.1600 GBP | 5.1000 GBP |
10p ordinary | PURCHASES | 33,336 | 5.9804 EUR | 5.9804 EUR |
10p ordinary | PURCHASES | 25,344 | 6.4936 USD | 6.4936 USD |
10p ordinary | SALES | 25,344 | 6.4936 USD | 6.4936 USD |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
10p ordinary | CFD | increasing a long position | 65,109 | 5.1040 GBP |
10p ordinary | CFD | increasing a long position | 4,610 | 5.1040 GBP |
10p ordinary | CFD | increasing a long position | 469 | 5.1040 GBP |
10p ordinary | CFD | increasing a long position | 158,398 | 5.1043 GBP |
10p ordinary | CFD | increasing a long position | 31,222 | 5.1043 GBP |
10p ordinary | CFD | increasing a long position | 22 | 5.1045 GBP |
10p ordinary | CFD | increasing a long position | 1,480 | 5.1067 GBP |
10p ordinary | CFD | increasing a long position | 1,443 | 5.1146 GBP |
10p ordinary | CFD | increasing a long position | 1,817 | 5.1159 GBP |
10p ordinary | CFD | increasing a long position | 21,316 | 5.1193 GBP |
10p ordinary | CFD | increasing a long position | 2,426 | 5.1193 GBP |
10p ordinary | CFD | increasing a long position | 7,980 | 5.1208 GBP |
10p ordinary | CFD | increasing a long position | 488 | 5.1245 GBP |
10p ordinary | CFD | increasing a long position | 3,622 | 5.1252 GBP |
10p ordinary | CFD | increasing a long position | 293 | 5.1253 GBP |
10p ordinary | CFD | increasing a long position | 7,202 | 5.1284 GBP |
10p ordinary | CFD | increasing a long position | 6 | 5.1312 GBP |
10p ordinary | CFD | increasing a long position | 3 | 5.1320 GBP |
10p ordinary | CFD | increasing a long position | 9,298 | 5.1329 GBP |
10p ordinary | CFD | increasing a long position | 3,791 | 5.1333 GBP |
10p ordinary | CFD | increasing a long position | 11,215 | 5.1369 GBP |
10p ordinary | CFD | increasing a long position | 2,534 | 5.1372 GBP |
10p ordinary | CFD | increasing a long position | 944 | 5.1377 GBP |
10p ordinary | CFD | increasing a long position | 22,172 | 5.1417 GBP |
10p ordinary | CFD | increasing a long position | 3,338 | 5.1430 GBP |
10p ordinary | CFD | increasing a short position | 234 | 5.1040 GBP |
10p ordinary | CFD | increasing a short position | 22,346 | 5.1041 GBP |
10p ordinary | CFD | increasing a short position | 5,190 | 5.1064 GBP |
10p ordinary | CFD | increasing a short position | 138 | 5.1102 GBP |
10p ordinary | CFD | increasing a short position | 3,171 | 5.1139 GBP |
10p ordinary | CFD | increasing a short position | 14,304 | 5.1150 GBP |
10p ordinary | CFD | increasing a short position | 1 | 5.1160 GBP |
10p ordinary | CFD | increasing a short position | 106,500 | 5.1173 GBP |
10p ordinary | CFD | increasing a short position | 1,123 | 5.1183 GBP |
10p ordinary | CFD | increasing a short position | 6,238 | 5.1191 GBP |
10p ordinary | CFD | increasing a short position | 15,010 | 5.1222 GBP |
10p ordinary | CFD | increasing a short position | 3,115 | 5.1312 GBP |
10p ordinary | CFD | increasing a short position | 739 | 5.1349 GBP |
10p ordinary | CFD | increasing a short position | 360 | 5.1493 GBP |
10p ordinary | CFD | reducing a long position | 605 | 5.1040 GBP |
10p ordinary | CFD | reducing a long position | 132 | 5.1040 GBP |
10p ordinary | CFD | reducing a long position | 6,658 | 5.1040 GBP |
10p ordinary | CFD | reducing a long position | 19,597 | 5.1042 GBP |
10p ordinary | CFD | reducing a long position | 33,336 | 5.1062 GBP |
10p ordinary | CFD | reducing a long position | 6,160 | 5.1075 GBP |
10p ordinary | CFD | reducing a long position | 1,806 | 5.1150 GBP |
10p ordinary | CFD | reducing a long position | 8,083 | 5.1161 GBP |
10p ordinary | CFD | reducing a long position | 9,353 | 5.1210 GBP |
10p ordinary | CFD | reducing a long position | 54,708 | 5.1216 GBP |
10p ordinary | CFD | reducing a long position | 2,796 | 5.1253 GBP |
10p ordinary | CFD | reducing a long position | 3,872 | 5.1269 GBP |
10p ordinary | CFD | reducing a long position | 8,448 | 5.1292 GBP |
10p ordinary | CFD | reducing a long position | 1,915 | 5.1339 GBP |
10p ordinary | CFD | reducing a long position | 2,632 | 5.1342 GBP |
10p ordinary | CFD | reducing a long position | 1,510 | 5.1352 GBP |
10p ordinary | CFD | reducing a long position | 10,835 | 5.1356 GBP |
10p ordinary | CFD | reducing a long position | 138 | 5.1386 GBP |
10p ordinary | CFD | reducing a long position | 330 | 5.1399 GBP |
10p ordinary | CFD | reducing a long position | 2,897 | 5.1400 GBP |
10p ordinary | CFD | reducing a short position | 18,388 | 5.1040 GBP |
10p ordinary | CFD | reducing a short position | 3,567 | 5.1040 GBP |
10p ordinary | CFD | reducing a short position | 23,469 | 5.1040 GBP |
10p ordinary | CFD | reducing a short position | 1 | 5.1040 GBP |
10p ordinary | CFD | reducing a short position | 2,430 | 5.1048 GBP |
10p ordinary | CFD | reducing a short position | 1,877 | 5.1049 GBP |
10p ordinary | CFD | reducing a short position | 1,741 | 5.1079 GBP |
10p ordinary | CFD | reducing a short position | 31 | 5.1131 GBP |
10p ordinary | CFD | reducing a short position | 2,286 | 5.1135 GBP |
10p ordinary | CFD | reducing a short position | 18,030 | 5.1144 GBP |
10p ordinary | CFD | reducing a short position | 7,427 | 5.1175 GBP |
10p ordinary | CFD | reducing a short position | 18,500 | 5.1200 GBP |
10p ordinary | CFD | reducing a short position | 40 | 5.1230 GBP |
10p ordinary | CFD | reducing a short position | 9,324 | 5.1237 GBP |
10p ordinary | CFD | reducing a short position | 5,200 | 5.1245 GBP |
10p ordinary | CFD | reducing a short position | 2,348 | 5.1245 GBP |
10p ordinary | CFD | reducing a short position | 61,017 | 5.1288 GBP |
10p ordinary | CFD | reducing a short position | 739 | 5.1323 GBP |
10p ordinary | CFD | reducing a short position | 23,517 | 5.1329 GBP |
10p ordinary | CFD | reducing a short position | 2,046 | 5.1354 GBP |
10p ordinary | CFD | reducing a short position | 360 | 5.1500 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
N/A | N/A | N/A | N/A |
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
| Date of disclosure: | 22 May 2024 |
| Contact name: | Craig Horsley |
| Telephone number: | +44 141 245-7736 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.