Last checked at 5 Apr 2024 09:51
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: | 04 April 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 | 1,055,658 | 4.7300 GBP | 4.6658 GBP |
10p ordinary | SALES | 1,146,202 | 4.7302 GBP | 4.6633 GBP |
10p ordinary | PURCHASES | 8,174 | 5.5127 EUR | 5.5127 EUR |
(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 | 69,268 | 4.6633 GBP |
10p ordinary | CFD | increasing a long position | 281 | 4.6660 GBP |
10p ordinary | CFD | increasing a long position | 107 | 4.6660 GBP |
10p ordinary | CFD | increasing a long position | 94 | 4.6694 GBP |
10p ordinary | CFD | increasing a long position | 1,319 | 4.6757 GBP |
10p ordinary | CFD | increasing a long position | 1,885 | 4.6846 GBP |
10p ordinary | CFD | increasing a long position | 795 | 4.6940 GBP |
10p ordinary | CFD | increasing a long position | 245,586 | 4.7017 GBP |
10p ordinary | CFD | increasing a long position | 34,978 | 4.7244 GBP |
10p ordinary | CFD | increasing a long position | 6,907 | 4.7250 GBP |
10p ordinary | CFD | increasing a long position | 324 | 4.7283 GBP |
10p ordinary | CFD | increasing a long position | 232 | 4.7284 GBP |
10p ordinary | CFD | increasing a long position | 91 | 4.7300 GBP |
10p ordinary | CFD | increasing a short position | 2,900 | 4.6700 GBP |
10p ordinary | CFD | increasing a short position | 11,197 | 4.6725 GBP |
10p ordinary | CFD | increasing a short position | 2,276 | 4.6779 GBP |
10p ordinary | CFD | increasing a short position | 9,212 | 4.6792 GBP |
10p ordinary | CFD | increasing a short position | 1,583 | 4.6795 GBP |
10p ordinary | CFD | increasing a short position | 73,260 | 4.6810 GBP |
10p ordinary | CFD | increasing a short position | 8,742 | 4.6871 GBP |
10p ordinary | CFD | increasing a short position | 257 | 4.6889 GBP |
10p ordinary | CFD | increasing a short position | 21,192 | 4.6896 GBP |
10p ordinary | CFD | increasing a short position | 592 | 4.6916 GBP |
10p ordinary | CFD | increasing a short position | 3,385 | 4.6935 GBP |
10p ordinary | CFD | increasing a short position | 4,020 | 4.7155 GBP |
10p ordinary | CFD | increasing a short position | 40,738 | 4.7205 GBP |
10p ordinary | CFD | increasing a short position | 276 | 4.7227 GBP |
10p ordinary | CFD | increasing a short position | 8,174 | 4.7281 GBP |
10p ordinary | CFD | increasing a short position | 10,691 | 4.7291 GBP |
10p ordinary | CFD | increasing a short position | 179 | 4.7300 GBP |
10p ordinary | CFD | increasing a short position | 59,775 | 4.7300 GBP |
10p ordinary | CFD | reducing a long position | 431,923 | 4.6680 GBP |
10p ordinary | CFD | reducing a long position | 2,106,571 | 4.6680 GBP |
10p ordinary | CFD | reducing a long position | 270,861 | 4.6680 GBP |
10p ordinary | CFD | reducing a long position | 149,570 | 4.6912 GBP |
10p ordinary | CFD | reducing a long position | 1 | 4.7000 GBP |
10p ordinary | CFD | reducing a long position | 2,985 | 4.7142 GBP |
10p ordinary | CFD | reducing a long position | 8,135 | 4.7162 GBP |
10p ordinary | CFD | reducing a long position | 46 | 4.7171 GBP |
10p ordinary | CFD | reducing a long position | 1,591 | 4.7262 GBP |
10p ordinary | CFD | reducing a long position | 38,977 | 4.7300 GBP |
10p ordinary | CFD | reducing a long position | 281 | 4.7300 GBP |
10p ordinary | CFD | reducing a long position | 212 | 4.7300 GBP |
10p ordinary | CFD | reducing a long position | 1 | 4.7300 GBP |
10p ordinary | CFD | reducing a long position | 3,755 | 4.7300 GBP |
10p ordinary | CFD | reducing a short position | 342 | 4.6660 GBP |
10p ordinary | CFD | reducing a short position | 431,923 | 4.6680 GBP |
10p ordinary | CFD | reducing a short position | 2,106,571 | 4.6680 GBP |
10p ordinary | CFD | reducing a short position | 270,861 | 4.6680 GBP |
10p ordinary | CFD | reducing a short position | 2,900 | 4.6720 GBP |
10p ordinary | CFD | reducing a short position | 2,595 | 4.6728 GBP |
10p ordinary | CFD | reducing a short position | 198 | 4.6759 GBP |
10p ordinary | CFD | reducing a short position | 446 | 4.6759 GBP |
10p ordinary | CFD | reducing a short position | 52 | 4.6783 GBP |
10p ordinary | CFD | reducing a short position | 9,212 | 4.6842 GBP |
10p ordinary | CFD | reducing a short position | 21,192 | 4.6898 GBP |
10p ordinary | CFD | reducing a short position | 119 | 4.6948 GBP |
10p ordinary | CFD | reducing a short position | 505 | 4.6960 GBP |
10p ordinary | CFD | reducing a short position | 60 | 4.6969 GBP |
10p ordinary | CFD | reducing a short position | 55,724 | 4.7020 GBP |
10p ordinary | CFD | reducing a short position | 63,453 | 4.7027 GBP |
10p ordinary | CFD | reducing a short position | 44,546 | 4.7081 GBP |
10p ordinary | CFD | reducing a short position | 2,914 | 4.7143 GBP |
10p ordinary | CFD | reducing a short position | 3,104 | 4.7172 GBP |
10p ordinary | CFD | reducing a short position | 4,313 | 4.7210 GBP |
10p ordinary | CFD | reducing a short position | 3,403 | 4.7218 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: | 05 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.