Last checked at 15 May 2024 10:18
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: | 14 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 | SALES | 1,014,709 | 5.0020 GBP | 4.8890 GBP |
10p ordinary | PURCHASES | 905,914 | 5.0046 GBP | 4.8890 GBP |
10p ordinary | PURCHASES | 15,765 | 5.7766 EUR | 5.7766 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 | 18,566 | 4.9534 GBP |
10p ordinary | CFD | increasing a long position | 6,773 | 4.9588 GBP |
10p ordinary | CFD | increasing a long position | 6,425 | 4.9590 GBP |
10p ordinary | CFD | increasing a long position | 16,838 | 4.9623 GBP |
10p ordinary | CFD | increasing a long position | 13,028 | 4.9729 GBP |
10p ordinary | CFD | increasing a long position | 3 | 4.9877 GBP |
10p ordinary | CFD | increasing a short position | 229 | 4.9040 GBP |
10p ordinary | CFD | increasing a short position | 323 | 4.9050 GBP |
10p ordinary | CFD | increasing a short position | 82 | 4.9093 GBP |
10p ordinary | CFD | increasing a short position | 3,027 | 4.9132 GBP |
10p ordinary | CFD | increasing a short position | 100 | 4.9143 GBP |
10p ordinary | CFD | increasing a short position | 100 | 4.9143 GBP |
10p ordinary | CFD | increasing a short position | 3,300 | 4.9190 GBP |
10p ordinary | CFD | increasing a short position | 1,777 | 4.9375 GBP |
10p ordinary | CFD | increasing a short position | 40,333 | 4.9524 GBP |
10p ordinary | CFD | increasing a short position | 12,506 | 4.9556 GBP |
10p ordinary | CFD | increasing a short position | 16,009 | 4.9567 GBP |
10p ordinary | CFD | increasing a short position | 2,144 | 4.9570 GBP |
10p ordinary | CFD | increasing a short position | 2 | 4.9578 GBP |
10p ordinary | CFD | increasing a short position | 22,377 | 4.9578 GBP |
10p ordinary | CFD | increasing a short position | 15,278 | 4.9590 GBP |
10p ordinary | CFD | increasing a short position | 7,034 | 4.9590 GBP |
10p ordinary | CFD | increasing a short position | 3,664 | 4.9590 GBP |
10p ordinary | CFD | increasing a short position | 274 | 4.9625 GBP |
10p ordinary | CFD | increasing a short position | 11,008 | 4.9638 GBP |
10p ordinary | CFD | increasing a short position | 4,923 | 4.9638 GBP |
10p ordinary | CFD | increasing a short position | 5,232 | 4.9641 GBP |
10p ordinary | CFD | increasing a short position | 1,466 | 4.9664 GBP |
10p ordinary | CFD | increasing a short position | 25,710 | 4.9675 GBP |
10p ordinary | CFD | increasing a short position | 53,364 | 4.9766 GBP |
10p ordinary | CFD | increasing a short position | 6,509 | 4.9799 GBP |
10p ordinary | CFD | increasing a short position | 7,274 | 4.9856 GBP |
10p ordinary | CFD | increasing a short position | 11,142 | 4.9867 GBP |
10p ordinary | CFD | increasing a short position | 24 | 5.0046 GBP |
10p ordinary | CFD | reducing a long position | 1,803 | 4.9122 GBP |
10p ordinary | CFD | reducing a long position | 2,944 | 4.9590 GBP |
10p ordinary | CFD | reducing a long position | 6,554 | 4.9590 GBP |
10p ordinary | CFD | reducing a long position | 312 | 4.9590 GBP |
10p ordinary | CFD | reducing a long position | 15,765 | 4.9639 GBP |
10p ordinary | CFD | reducing a long position | 157 | 4.9798 GBP |
10p ordinary | CFD | reducing a short position | 323 | 4.8971 GBP |
10p ordinary | CFD | reducing a short position | 3 | 4.9171 GBP |
10p ordinary | CFD | reducing a short position | 5,795 | 4.9184 GBP |
10p ordinary | CFD | reducing a short position | 1,268 | 4.9380 GBP |
10p ordinary | CFD | reducing a short position | 1,839 | 4.9442 GBP |
10p ordinary | CFD | reducing a short position | 12,506 | 4.9499 GBP |
10p ordinary | CFD | reducing a short position | 35,032 | 4.9527 GBP |
10p ordinary | CFD | reducing a short position | 8,272 | 4.9547 GBP |
10p ordinary | CFD | reducing a short position | 229 | 4.9548 GBP |
10p ordinary | CFD | reducing a short position | 1,860 | 4.9559 GBP |
10p ordinary | CFD | reducing a short position | 7,978 | 4.9568 GBP |
10p ordinary | CFD | reducing a short position | 39,502 | 4.9574 GBP |
10p ordinary | CFD | reducing a short position | 4,496 | 4.9574 GBP |
10p ordinary | CFD | reducing a short position | 24 | 4.9581 GBP |
10p ordinary | CFD | reducing a short position | 1,564 | 4.9583 GBP |
10p ordinary | CFD | reducing a short position | 7,436 | 4.9590 GBP |
10p ordinary | CFD | reducing a short position | 15,277 | 4.9590 GBP |
10p ordinary | CFD | reducing a short position | 9,236 | 4.9590 GBP |
10p ordinary | CFD | reducing a short position | 244 | 4.9590 GBP |
10p ordinary | CFD | reducing a short position | 5,899 | 4.9592 GBP |
10p ordinary | CFD | reducing a short position | 55,317 | 4.9603 GBP |
10p ordinary | CFD | reducing a short position | 1,859 | 4.9611 GBP |
10p ordinary | CFD | reducing a short position | 1,437 | 4.9612 GBP |
10p ordinary | CFD | reducing a short position | 22,361 | 4.9671 GBP |
10p ordinary | CFD | reducing a short position | 56,246 | 4.9699 GBP |
10p ordinary | CFD | reducing a short position | 3,851 | 4.9709 GBP |
10p ordinary | CFD | reducing a short position | 14,974 | 4.9925 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: | 15 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.