Last checked at 2 Apr 2024 07:00
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: | 28 March 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 | 1,819,546 | 4.7980 GBP | 4.7558 GBP |
10p ordinary | SALES | 1,075,020 | 4.8005 GBP | 4.7560 GBP |
10p ordinary | SALES | 6,400 | 6.0491 USD | 6.0491 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 | 73 | 4.7560 GBP |
10p ordinary | CFD | increasing a long position | 6,680 | 4.7560 GBP |
10p ordinary | CFD | increasing a long position | 1,543 | 4.7579 GBP |
10p ordinary | CFD | increasing a long position | 2 | 4.7585 GBP |
10p ordinary | CFD | increasing a long position | 120 | 4.7604 GBP |
10p ordinary | CFD | increasing a long position | 12 | 4.7680 GBP |
10p ordinary | CFD | increasing a long position | 2,808 | 4.7702 GBP |
10p ordinary | CFD | increasing a long position | 1,116 | 4.7718 GBP |
10p ordinary | CFD | increasing a long position | 12,668 | 4.7745 GBP |
10p ordinary | CFD | increasing a long position | 767 | 4.7783 GBP |
10p ordinary | CFD | increasing a long position | 17,622 | 4.7812 GBP |
10p ordinary | CFD | increasing a long position | 9,401 | 4.7819 GBP |
10p ordinary | CFD | increasing a long position | 161 | 4.7840 GBP |
10p ordinary | CFD | increasing a long position | 6,400 | 4.7840 GBP |
10p ordinary | CFD | increasing a long position | 199 | 4.7850 GBP |
10p ordinary | CFD | increasing a long position | 59 | 4.7866 GBP |
10p ordinary | CFD | increasing a long position | 923 | 4.7909 GBP |
10p ordinary | CFD | increasing a long position | 695 | 4.7968 GBP |
10p ordinary | CFD | increasing a short position | 1,532 | 4.7560 GBP |
10p ordinary | CFD | increasing a short position | 274,188 | 4.7560 GBP |
10p ordinary | CFD | increasing a short position | 984,920 | 4.7560 GBP |
10p ordinary | CFD | increasing a short position | 15,650 | 4.7597 GBP |
10p ordinary | CFD | increasing a short position | 28,692 | 4.7641 GBP |
10p ordinary | CFD | increasing a short position | 16,251 | 4.7659 GBP |
10p ordinary | CFD | increasing a short position | 5,391 | 4.7664 GBP |
10p ordinary | CFD | increasing a short position | 13 | 4.7670 GBP |
10p ordinary | CFD | increasing a short position | 670 | 4.7708 GBP |
10p ordinary | CFD | increasing a short position | 22,496 | 4.7717 GBP |
10p ordinary | CFD | increasing a short position | 45,900 | 4.7719 GBP |
10p ordinary | CFD | increasing a short position | 10,904 | 4.7733 GBP |
10p ordinary | CFD | increasing a short position | 17,139 | 4.7733 GBP |
10p ordinary | CFD | increasing a short position | 372 | 4.7735 GBP |
10p ordinary | CFD | increasing a short position | 489 | 4.7735 GBP |
10p ordinary | CFD | increasing a short position | 1,003 | 4.7735 GBP |
10p ordinary | CFD | increasing a short position | 25,850 | 4.7757 GBP |
10p ordinary | CFD | increasing a short position | 41,292 | 4.7758 GBP |
10p ordinary | CFD | increasing a short position | 4,996 | 4.7762 GBP |
10p ordinary | CFD | increasing a short position | 1,280 | 4.7764 GBP |
10p ordinary | CFD | increasing a short position | 147 | 4.7764 GBP |
10p ordinary | CFD | increasing a short position | 17,701 | 4.7775 GBP |
10p ordinary | CFD | increasing a short position | 6,630 | 4.7840 GBP |
10p ordinary | CFD | increasing a short position | 146 | 4.7962 GBP |
10p ordinary | CFD | reducing a long position | 21,031 | 4.7560 GBP |
10p ordinary | CFD | reducing a long position | 4,760 | 4.7560 GBP |
10p ordinary | CFD | reducing a long position | 3,387 | 4.7560 GBP |
10p ordinary | CFD | reducing a long position | 9,417 | 4.7560 GBP |
10p ordinary | CFD | reducing a long position | 8,966 | 4.7572 GBP |
10p ordinary | CFD | reducing a long position | 106 | 4.7615 GBP |
10p ordinary | CFD | reducing a long position | 8,676 | 4.7640 GBP |
10p ordinary | CFD | reducing a long position | 447 | 4.7672 GBP |
10p ordinary | CFD | reducing a long position | 318 | 4.7672 GBP |
10p ordinary | CFD | reducing a long position | 3,826 | 4.7733 GBP |
10p ordinary | CFD | reducing a long position | 345 | 4.7739 GBP |
10p ordinary | CFD | reducing a long position | 297,090 | 4.7823 GBP |
10p ordinary | CFD | reducing a short position | 984,920 | 4.7560 GBP |
10p ordinary | CFD | reducing a short position | 36,343 | 4.7573 GBP |
10p ordinary | CFD | reducing a short position | 529 | 4.7648 GBP |
10p ordinary | CFD | reducing a short position | 19,096 | 4.7658 GBP |
10p ordinary | CFD | reducing a short position | 1,499 | 4.7755 GBP |
10p ordinary | CFD | reducing a short position | 440 | 4.7775 GBP |
10p ordinary | CFD | reducing a short position | 10,904 | 4.7796 GBP |
10p ordinary | CFD | reducing a short position | 28,438 | 4.7807 GBP |
10p ordinary | CFD | reducing a short position | 4,996 | 4.7830 GBP |
10p ordinary | CFD | reducing a short position | 1,437 | 4.7850 GBP |
10p ordinary | CFD | reducing a short position | 339 | 4.7850 GBP |
10p ordinary | CFD | reducing a short position | 33,235 | 4.7860 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 April 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.