Last checked at 4 Mar 2024 11:04
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 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 | 1,839,236 | 4.7900 GBP | 4.6740 GBP |
10p ordinary | SALES | 1,471,708 | 4.7901 GBP | 4.6840 GBP |
10p ordinary | SALES | 14,657 | 5.5869 EUR | 5.5869 EUR |
10p ordinary | PURCHASES | 10,952 | 6.0610 USD | 6.0610 USD |
10p ordinary | SALES | 10,952 | 6.0610 USD | 6.0610 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 | 333 | 4.7100 GBP |
10p ordinary | CFD | increasing a long position | 1,061 | 4.7100 GBP |
10p ordinary | CFD | increasing a long position | 552 | 4.7100 GBP |
10p ordinary | CFD | increasing a long position | 5,940 | 4.7323 GBP |
10p ordinary | CFD | increasing a long position | 1 | 4.7490 GBP |
10p ordinary | CFD | increasing a long position | 10 | 4.7517 GBP |
10p ordinary | CFD | increasing a long position | 1,248 | 4.7831 GBP |
10p ordinary | CFD | increasing a long position | 932 | 4.7831 GBP |
10p ordinary | CFD | increasing a long position | 10,358 | 4.7900 GBP |
10p ordinary | CFD | increasing a short position | 2,138 | 4.6909 GBP |
10p ordinary | CFD | increasing a short position | 96 | 4.6980 GBP |
10p ordinary | CFD | increasing a short position | 1,462 | 4.7039 GBP |
10p ordinary | CFD | increasing a short position | 22,480 | 4.7048 GBP |
10p ordinary | CFD | increasing a short position | 11,884 | 4.7048 GBP |
10p ordinary | CFD | increasing a short position | 1,478 | 4.7069 GBP |
10p ordinary | CFD | increasing a short position | 18,212 | 4.7069 GBP |
10p ordinary | CFD | increasing a short position | 6,074 | 4.7093 GBP |
10p ordinary | CFD | increasing a short position | 1,494 | 4.7233 GBP |
10p ordinary | CFD | increasing a short position | 2,230 | 4.7251 GBP |
10p ordinary | CFD | increasing a short position | 92 | 4.7434 GBP |
10p ordinary | CFD | increasing a short position | 27,666 | 4.7437 GBP |
10p ordinary | CFD | increasing a short position | 3,863 | 4.7449 GBP |
10p ordinary | CFD | increasing a short position | 444 | 4.7449 GBP |
10p ordinary | CFD | increasing a short position | 85 | 4.7462 GBP |
10p ordinary | CFD | increasing a short position | 4,279 | 4.7507 GBP |
10p ordinary | CFD | increasing a short position | 856 | 4.7537 GBP |
10p ordinary | CFD | increasing a short position | 424 | 4.7537 GBP |
10p ordinary | CFD | increasing a short position | 575 | 4.7537 GBP |
10p ordinary | CFD | increasing a short position | 3 | 4.7560 GBP |
10p ordinary | CFD | increasing a short position | 154,400 | 4.7584 GBP |
10p ordinary | CFD | increasing a short position | 132,042 | 4.7635 GBP |
10p ordinary | CFD | increasing a short position | 2,889 | 4.7650 GBP |
10p ordinary | CFD | increasing a short position | 689 | 4.7698 GBP |
10p ordinary | CFD | increasing a short position | 10,685 | 4.7704 GBP |
10p ordinary | CFD | increasing a short position | 5,110 | 4.7731 GBP |
10p ordinary | CFD | increasing a short position | 14,981 | 4.7746 GBP |
10p ordinary | CFD | increasing a short position | 7,609 | 4.7775 GBP |
10p ordinary | CFD | increasing a short position | 28,650 | 4.7887 GBP |
10p ordinary | CFD | increasing a short position | 1 | 4.7900 GBP |
10p ordinary | CFD | increasing a short position | 24,372 | 4.7900 GBP |
10p ordinary | CFD | increasing a short position | 24,682 | 4.7900 GBP |
10p ordinary | CFD | reducing a long position | 3 | 4.6933 GBP |
10p ordinary | CFD | reducing a long position | 21,600 | 4.7186 GBP |
10p ordinary | CFD | reducing a long position | 5,940 | 4.7325 GBP |
10p ordinary | CFD | reducing a long position | 9,729 | 4.7335 GBP |
10p ordinary | CFD | reducing a long position | 50,014 | 4.7335 GBP |
10p ordinary | CFD | reducing a long position | 1,914 | 4.7477 GBP |
10p ordinary | CFD | reducing a long position | 20,803 | 4.7515 GBP |
10p ordinary | CFD | reducing a long position | 10 | 4.7560 GBP |
10p ordinary | CFD | reducing a long position | 180,000 | 4.7634 GBP |
10p ordinary | CFD | reducing a long position | 24,192 | 4.7793 GBP |
10p ordinary | CFD | reducing a long position | 43,674 | 4.7819 GBP |
10p ordinary | CFD | reducing a long position | 4 | 4.7825 GBP |
10p ordinary | CFD | reducing a long position | 27,845 | 4.7873 GBP |
10p ordinary | CFD | reducing a long position | 1,061 | 4.7900 GBP |
10p ordinary | CFD | reducing a long position | 3 | 4.7900 GBP |
10p ordinary | CFD | reducing a short position | 67 | 4.7100 GBP |
10p ordinary | CFD | reducing a short position | 33,124 | 4.7272 GBP |
10p ordinary | CFD | reducing a short position | 23,963 | 4.7315 GBP |
10p ordinary | CFD | reducing a short position | 18,080 | 4.7485 GBP |
10p ordinary | CFD | reducing a short position | 24,906 | 4.7534 GBP |
10p ordinary | CFD | reducing a short position | 1,844 | 4.7563 GBP |
10p ordinary | CFD | reducing a short position | 5,854 | 4.7623 GBP |
10p ordinary | CFD | reducing a short position | 24,650 | 4.7624 GBP |
10p ordinary | CFD | reducing a short position | 19,196 | 4.7644 GBP |
10p ordinary | CFD | reducing a short position | 20,103 | 4.7718 GBP |
10p ordinary | CFD | reducing a short position | 1,916 | 4.7791 GBP |
10p ordinary | CFD | reducing a short position | 243 | 4.7802 GBP |
10p ordinary | CFD | reducing a short position | 35,860 | 4.7806 GBP |
10p ordinary | CFD | reducing a short position | 341 | 4.7810 GBP |
10p ordinary | CFD | reducing a short position | 1,684 | 4.7831 GBP |
10p ordinary | CFD | reducing a short position | 1,245 | 4.7831 GBP |
10p ordinary | CFD | reducing a short position | 2,386 | 4.7841 GBP |
10p ordinary | CFD | reducing a short position | 14,657 | 4.7856 GBP |
10p ordinary | CFD | reducing a short position | 32,447 | 4.7900 GBP |
10p ordinary | CFD | reducing a short position | 315,093 | 4.7900 GBP |
10p ordinary | CFD | reducing a short position | 3,860 | 4.7900 GBP |
10p ordinary | CFD | reducing a short position | 11,100 | 4.7900 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: | 04 March 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.