Last checked at 15 Apr 2024 11:14
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: | 12 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 | 1,824,428 | 4.6800 GBP | 4.5630 GBP |
10p ordinary | SALES | 2,680,994 | 4.7008 GBP | 4.5655 GBP |
10p ordinary | SALES | 15,231 | 5.3744 EUR | 5.3744 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 | 10,342 | 4.5936 GBP |
10p ordinary | CFD | increasing a long position | 3,096 | 4.5992 GBP |
10p ordinary | CFD | increasing a long position | 13,481 | 4.5995 GBP |
10p ordinary | CFD | increasing a long position | 585 | 4.6000 GBP |
10p ordinary | CFD | increasing a long position | 2,309 | 4.6000 GBP |
10p ordinary | CFD | increasing a long position | 1,010 | 4.6000 GBP |
10p ordinary | CFD | increasing a long position | 20,177 | 4.6014 GBP |
10p ordinary | CFD | increasing a long position | 8,382 | 4.6015 GBP |
10p ordinary | CFD | increasing a long position | 160,065 | 4.6042 GBP |
10p ordinary | CFD | increasing a long position | 8,857 | 4.6053 GBP |
10p ordinary | CFD | increasing a long position | 1,146 | 4.6060 GBP |
10p ordinary | CFD | increasing a long position | 12 | 4.6216 GBP |
10p ordinary | CFD | increasing a long position | 17,257 | 4.6319 GBP |
10p ordinary | CFD | increasing a long position | 16,061 | 4.6555 GBP |
10p ordinary | CFD | increasing a long position | 3,537 | 4.6590 GBP |
10p ordinary | CFD | increasing a long position | 326 | 4.6710 GBP |
10p ordinary | CFD | increasing a long position | 1,491 | 4.6710 GBP |
10p ordinary | CFD | increasing a long position | 26 | 4.6710 GBP |
10p ordinary | CFD | increasing a long position | 3,056 | 4.6763 GBP |
10p ordinary | CFD | increasing a short position | 17,667 | 4.5917 GBP |
10p ordinary | CFD | increasing a short position | 1,818 | 4.5931 GBP |
10p ordinary | CFD | increasing a short position | 4,105 | 4.5931 GBP |
10p ordinary | CFD | increasing a short position | 1,437 | 4.5950 GBP |
10p ordinary | CFD | increasing a short position | 44,841 | 4.5954 GBP |
10p ordinary | CFD | increasing a short position | 1,950 | 4.5960 GBP |
10p ordinary | CFD | increasing a short position | 78,216 | 4.5963 GBP |
10p ordinary | CFD | increasing a short position | 110,300 | 4.5969 GBP |
10p ordinary | CFD | increasing a short position | 1,210 | 4.5998 GBP |
10p ordinary | CFD | increasing a short position | 1,686 | 4.5999 GBP |
10p ordinary | CFD | increasing a short position | 29,493 | 4.6000 GBP |
10p ordinary | CFD | increasing a short position | 2,194 | 4.6064 GBP |
10p ordinary | CFD | increasing a short position | 10,102 | 4.6097 GBP |
10p ordinary | CFD | increasing a short position | 120,673 | 4.6099 GBP |
10p ordinary | CFD | increasing a short position | 178,340 | 4.6103 GBP |
10p ordinary | CFD | increasing a short position | 924 | 4.6143 GBP |
10p ordinary | CFD | increasing a short position | 213 | 4.6176 GBP |
10p ordinary | CFD | increasing a short position | 16,061 | 4.6399 GBP |
10p ordinary | CFD | increasing a short position | 75 | 4.6572 GBP |
10p ordinary | CFD | increasing a short position | 146 | 4.6710 GBP |
10p ordinary | CFD | increasing a short position | 1,232 | 4.6710 GBP |
10p ordinary | CFD | reducing a long position | 7 | 4.5910 GBP |
10p ordinary | CFD | reducing a long position | 8,857 | 4.5938 GBP |
10p ordinary | CFD | reducing a long position | 2,688 | 4.5970 GBP |
10p ordinary | CFD | reducing a long position | 3,053 | 4.6000 GBP |
10p ordinary | CFD | reducing a long position | 1 | 4.6000 GBP |
10p ordinary | CFD | reducing a long position | 2,141 | 4.6000 GBP |
10p ordinary | CFD | reducing a long position | 4,254 | 4.6000 GBP |
10p ordinary | CFD | reducing a long position | 101 | 4.6000 GBP |
10p ordinary | CFD | reducing a long position | 1,491 | 4.6000 GBP |
10p ordinary | CFD | reducing a long position | 17 | 4.6000 GBP |
10p ordinary | CFD | reducing a long position | 3,056 | 4.6322 GBP |
10p ordinary | CFD | reducing a long position | 38,444 | 4.6401 GBP |
10p ordinary | CFD | reducing a long position | 56,495 | 4.6617 GBP |
10p ordinary | CFD | reducing a short position | 304 | 4.5817 GBP |
10p ordinary | CFD | reducing a short position | 8,081 | 4.5819 GBP |
10p ordinary | CFD | reducing a short position | 924 | 4.5881 GBP |
10p ordinary | CFD | reducing a short position | 6,193 | 4.5916 GBP |
10p ordinary | CFD | reducing a short position | 662 | 4.5927 GBP |
10p ordinary | CFD | reducing a short position | 58,800 | 4.5937 GBP |
10p ordinary | CFD | reducing a short position | 15,231 | 4.5940 GBP |
10p ordinary | CFD | reducing a short position | 1,556 | 4.5950 GBP |
10p ordinary | CFD | reducing a short position | 1,950 | 4.5950 GBP |
10p ordinary | CFD | reducing a short position | 1,405 | 4.5951 GBP |
10p ordinary | CFD | reducing a short position | 4,146 | 4.5970 GBP |
10p ordinary | CFD | reducing a short position | 44,950 | 4.5970 GBP |
10p ordinary | CFD | reducing a short position | 1,304 | 4.5975 GBP |
10p ordinary | CFD | reducing a short position | 504 | 4.5990 GBP |
10p ordinary | CFD | reducing a short position | 24,843 | 4.6000 GBP |
10p ordinary | CFD | reducing a short position | 4,759 | 4.6000 GBP |
10p ordinary | CFD | reducing a short position | 1,038,769 | 4.6000 GBP |
10p ordinary | CFD | reducing a short position | 95,062 | 4.6015 GBP |
10p ordinary | CFD | reducing a short position | 8,866 | 4.6048 GBP |
10p ordinary | CFD | reducing a short position | 12,715 | 4.6260 GBP |
10p ordinary | CFD | reducing a short position | 81 | 4.6477 GBP |
10p ordinary | CFD | reducing a short position | 35 | 4.6477 GBP |
10p ordinary | CFD | reducing a short position | 7,233 | 4.6506 GBP |
10p ordinary | CFD | reducing a short position | 23,000 | 4.6506 GBP |
10p ordinary | CFD | reducing a short position | 5,354 | 4.6506 GBP |
10p ordinary | CFD | reducing a short position | 1,544 | 4.6541 GBP |
10p ordinary | CFD | reducing a short position | 4,303 | 4.6541 GBP |
10p ordinary | CFD | reducing a short position | 4,000 | 4.6541 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 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.