2 Aug 2024 08:44
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: | 01 August 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 | SALES | 1,995,974 | 5.3480 GBP | 5.2540 GBP |
10p ordinary | PURCHASES | 2,189,400 | 5.3500 GBP | 5.2420 GBP |
(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 | 430 | 5.2589 GBP |
10p ordinary | CFD | increasing a long position | 13 | 5.2700 GBP |
10p ordinary | CFD | increasing a long position | 4,999 | 5.2892 GBP |
10p ordinary | CFD | increasing a long position | 1,735 | 5.2917 GBP |
10p ordinary | CFD | increasing a long position | 17,146 | 5.3145 GBP |
10p ordinary | CFD | increasing a long position | 16,396 | 5.3161 GBP |
10p ordinary | CFD | increasing a long position | 129 | 5.3163 GBP |
10p ordinary | CFD | increasing a long position | 13,948 | 5.3192 GBP |
10p ordinary | CFD | increasing a long position | 5,975 | 5.3236 GBP |
10p ordinary | CFD | increasing a long position | 2,011 | 5.3249 GBP |
10p ordinary | CFD | increasing a long position | 1,600 | 5.3268 GBP |
10p ordinary | CFD | increasing a long position | 2,541 | 5.3303 GBP |
10p ordinary | CFD | increasing a long position | 315 | 5.3333 GBP |
10p ordinary | CFD | increasing a long position | 240 | 5.3338 GBP |
10p ordinary | CFD | increasing a long position | 24,687 | 5.3400 GBP |
10p ordinary | CFD | increasing a long position | 300 | 5.3400 GBP |
10p ordinary | CFD | increasing a long position | 531 | 5.3400 GBP |
10p ordinary | CFD | increasing a short position | 10 | 5.2512 GBP |
10p ordinary | CFD | increasing a short position | 4,386 | 5.2549 GBP |
10p ordinary | CFD | increasing a short position | 1,088 | 5.2593 GBP |
10p ordinary | CFD | increasing a short position | 18 | 5.2614 GBP |
10p ordinary | CFD | increasing a short position | 115 | 5.2615 GBP |
10p ordinary | CFD | increasing a short position | 3,133 | 5.2689 GBP |
10p ordinary | CFD | increasing a short position | 827 | 5.2851 GBP |
10p ordinary | CFD | increasing a short position | 137 | 5.2852 GBP |
10p ordinary | CFD | increasing a short position | 13,220 | 5.2898 GBP |
10p ordinary | CFD | increasing a short position | 1,305 | 5.2921 GBP |
10p ordinary | CFD | increasing a short position | 2,288 | 5.2938 GBP |
10p ordinary | CFD | increasing a short position | 1,059 | 5.2951 GBP |
10p ordinary | CFD | increasing a short position | 33,869 | 5.3023 GBP |
10p ordinary | CFD | increasing a short position | 1,866 | 5.3029 GBP |
10p ordinary | CFD | increasing a short position | 388 | 5.3029 GBP |
10p ordinary | CFD | increasing a short position | 702 | 5.3029 GBP |
10p ordinary | CFD | increasing a short position | 6,438 | 5.3029 GBP |
10p ordinary | CFD | increasing a short position | 882 | 5.3029 GBP |
10p ordinary | CFD | increasing a short position | 56,464 | 5.3109 GBP |
10p ordinary | CFD | increasing a short position | 162 | 5.3166 GBP |
10p ordinary | CFD | increasing a short position | 121,200 | 5.3214 GBP |
10p ordinary | CFD | increasing a short position | 184 | 5.3219 GBP |
10p ordinary | CFD | increasing a short position | 2,206 | 5.3219 GBP |
10p ordinary | CFD | increasing a short position | 591 | 5.3247 GBP |
10p ordinary | CFD | increasing a short position | 8,033 | 5.3247 GBP |
10p ordinary | CFD | increasing a short position | 12,470 | 5.3288 GBP |
10p ordinary | CFD | increasing a short position | 3,874 | 5.3301 GBP |
10p ordinary | CFD | increasing a short position | 457 | 5.3320 GBP |
10p ordinary | CFD | increasing a short position | 8,636 | 5.3374 GBP |
10p ordinary | CFD | increasing a short position | 1,797 | 5.3374 GBP |
10p ordinary | CFD | increasing a short position | 4,082 | 5.3374 GBP |
10p ordinary | CFD | increasing a short position | 87,845 | 5.3374 GBP |
10p ordinary | CFD | increasing a short position | 29,781 | 5.3374 GBP |
10p ordinary | CFD | increasing a short position | 3,248 | 5.3374 GBP |
10p ordinary | CFD | increasing a short position | 279 | 5.3395 GBP |
10p ordinary | CFD | increasing a short position | 47,318 | 5.3398 GBP |
10p ordinary | CFD | increasing a short position | 49 | 5.3400 GBP |
10p ordinary | CFD | increasing a short position | 1,053 | 5.3400 GBP |
10p ordinary | CFD | reducing a long position | 2,997 | 5.2549 GBP |
10p ordinary | CFD | reducing a long position | 342 | 5.2729 GBP |
10p ordinary | CFD | reducing a long position | 430 | 5.2921 GBP |
10p ordinary | CFD | reducing a long position | 36 | 5.2960 GBP |
10p ordinary | CFD | reducing a long position | 231 | 5.2991 GBP |
10p ordinary | CFD | reducing a long position | 17,381 | 5.3030 GBP |
10p ordinary | CFD | reducing a long position | 2,323 | 5.3064 GBP |
10p ordinary | CFD | reducing a long position | 20,392 | 5.3109 GBP |
10p ordinary | CFD | reducing a long position | 4,999 | 5.3123 GBP |
10p ordinary | CFD | reducing a long position | 5,975 | 5.3166 GBP |
10p ordinary | CFD | reducing a long position | 3,823 | 5.3194 GBP |
10p ordinary | CFD | reducing a long position | 129 | 5.3219 GBP |
10p ordinary | CFD | reducing a long position | 16,396 | 5.3220 GBP |
10p ordinary | CFD | reducing a long position | 13,892 | 5.3243 GBP |
10p ordinary | CFD | reducing a long position | 10,363 | 5.3353 GBP |
10p ordinary | CFD | reducing a long position | 1,975 | 5.3400 GBP |
10p ordinary | CFD | reducing a long position | 2,316 | 5.3400 GBP |
10p ordinary | CFD | reducing a short position | 768 | 5.2616 GBP |
10p ordinary | CFD | reducing a short position | 1,523 | 5.2965 GBP |
10p ordinary | CFD | reducing a short position | 3,128 | 5.2969 GBP |
10p ordinary | CFD | reducing a short position | 162 | 5.2970 GBP |
10p ordinary | CFD | reducing a short position | 7,298 | 5.3110 GBP |
10p ordinary | CFD | reducing a short position | 56,464 | 5.3145 GBP |
10p ordinary | CFD | reducing a short position | 1,900 | 5.3171 GBP |
10p ordinary | CFD | reducing a short position | 1,305 | 5.3192 GBP |
10p ordinary | CFD | reducing a short position | 2,293 | 5.3236 GBP |
10p ordinary | CFD | reducing a short position | 6,873 | 5.3333 GBP |
10p ordinary | CFD | reducing a short position | 4,053 | 5.3338 GBP |
10p ordinary | CFD | reducing a short position | 5,276 | 5.3343 GBP |
10p ordinary | CFD | reducing a short position | 470 | 5.3359 GBP |
10p ordinary | CFD | reducing a short position | 23,979 | 5.3377 GBP |
10p ordinary | CFD | reducing a short position | 289 | 5.3400 GBP |
10p ordinary | CFD | reducing a short position | 184 | 5.3400 GBP |
10p ordinary | CFD | reducing a short position | 9,661 | 5.3402 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: | 02 August 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.