Last checked at 28 Mar 2024 09:44
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: | 27 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 | SALES | 1,640,169 | 4.7755 GBP | 4.7140 GBP |
10p ordinary | PURCHASES | 1,731,700 | 4.7760 GBP | 4.7090 GBP |
10p ordinary | SALES | 23,505 | 5.5491 EUR | 5.5491 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 | 453 | 4.7348 GBP |
10p ordinary | CFD | increasing a long position | 12 | 4.7420 GBP |
10p ordinary | CFD | increasing a long position | 100 | 4.7520 GBP |
10p ordinary | CFD | increasing a long position | 4,855 | 4.7525 GBP |
10p ordinary | CFD | increasing a long position | 19,630 | 4.7530 GBP |
10p ordinary | CFD | increasing a long position | 6,091 | 4.7539 GBP |
10p ordinary | CFD | increasing a long position | 112 | 4.7539 GBP |
10p ordinary | CFD | increasing a long position | 25 | 4.7540 GBP |
10p ordinary | CFD | increasing a long position | 3,213 | 4.7540 GBP |
10p ordinary | CFD | increasing a long position | 5,939 | 4.7559 GBP |
10p ordinary | CFD | increasing a long position | 2,873 | 4.7561 GBP |
10p ordinary | CFD | increasing a long position | 23,505 | 4.7569 GBP |
10p ordinary | CFD | increasing a long position | 9,698 | 4.7576 GBP |
10p ordinary | CFD | increasing a long position | 7 | 4.7577 GBP |
10p ordinary | CFD | increasing a long position | 189 | 4.7589 GBP |
10p ordinary | CFD | increasing a long position | 11,508 | 4.7597 GBP |
10p ordinary | CFD | increasing a long position | 7,994 | 4.7613 GBP |
10p ordinary | CFD | increasing a long position | 7,127 | 4.7663 GBP |
10p ordinary | CFD | increasing a long position | 6,020 | 4.7670 GBP |
10p ordinary | CFD | increasing a long position | 34,117 | 4.7694 GBP |
10p ordinary | CFD | increasing a short position | 1,222 | 4.7221 GBP |
10p ordinary | CFD | increasing a short position | 1,427 | 4.7262 GBP |
10p ordinary | CFD | increasing a short position | 1 | 4.7290 GBP |
10p ordinary | CFD | increasing a short position | 5,819 | 4.7324 GBP |
10p ordinary | CFD | increasing a short position | 903 | 4.7386 GBP |
10p ordinary | CFD | increasing a short position | 2,237 | 4.7399 GBP |
10p ordinary | CFD | increasing a short position | 30,548 | 4.7494 GBP |
10p ordinary | CFD | increasing a short position | 3,619 | 4.7506 GBP |
10p ordinary | CFD | increasing a short position | 96,900 | 4.7535 GBP |
10p ordinary | CFD | increasing a short position | 1 | 4.7540 GBP |
10p ordinary | CFD | increasing a short position | 24 | 4.7540 GBP |
10p ordinary | CFD | increasing a short position | 213 | 4.7540 GBP |
10p ordinary | CFD | increasing a short position | 460 | 4.7540 GBP |
10p ordinary | CFD | increasing a short position | 11,534 | 4.7573 GBP |
10p ordinary | CFD | increasing a short position | 501 | 4.7575 GBP |
10p ordinary | CFD | increasing a short position | 21,098 | 4.7578 GBP |
10p ordinary | CFD | increasing a short position | 3,397 | 4.7629 GBP |
10p ordinary | CFD | increasing a short position | 663 | 4.7632 GBP |
10p ordinary | CFD | increasing a short position | 62,669 | 4.7650 GBP |
10p ordinary | CFD | increasing a short position | 1,133 | 4.7650 GBP |
10p ordinary | CFD | increasing a short position | 1,056 | 4.7668 GBP |
10p ordinary | CFD | increasing a short position | 41,343 | 4.7697 GBP |
10p ordinary | CFD | reducing a long position | 3,213 | 4.7476 GBP |
10p ordinary | CFD | reducing a long position | 9,698 | 4.7504 GBP |
10p ordinary | CFD | reducing a long position | 100 | 4.7510 GBP |
10p ordinary | CFD | reducing a long position | 375,509 | 4.7537 GBP |
10p ordinary | CFD | reducing a long position | 20,083 | 4.7540 GBP |
10p ordinary | CFD | reducing a long position | 431 | 4.7540 GBP |
10p ordinary | CFD | reducing a long position | 345 | 4.7550 GBP |
10p ordinary | CFD | reducing a long position | 4,855 | 4.7566 GBP |
10p ordinary | CFD | reducing a long position | 54,222 | 4.7573 GBP |
10p ordinary | CFD | reducing a long position | 1,320 | 4.7597 GBP |
10p ordinary | CFD | reducing a long position | 940 | 4.7597 GBP |
10p ordinary | CFD | reducing a short position | 328 | 4.7268 GBP |
10p ordinary | CFD | reducing a short position | 3,945 | 4.7375 GBP |
10p ordinary | CFD | reducing a short position | 2 | 4.7420 GBP |
10p ordinary | CFD | reducing a short position | 465 | 4.7420 GBP |
10p ordinary | CFD | reducing a short position | 3,770 | 4.7441 GBP |
10p ordinary | CFD | reducing a short position | 1,654 | 4.7441 GBP |
10p ordinary | CFD | reducing a short position | 43,776 | 4.7509 GBP |
10p ordinary | CFD | reducing a short position | 7,618 | 4.7540 GBP |
10p ordinary | CFD | reducing a short position | 339,995 | 4.7540 GBP |
10p ordinary | CFD | reducing a short position | 112 | 4.7540 GBP |
10p ordinary | CFD | reducing a short position | 362 | 4.7544 GBP |
10p ordinary | CFD | reducing a short position | 2,873 | 4.7577 GBP |
10p ordinary | CFD | reducing a short position | 18,462 | 4.7593 GBP |
10p ordinary | CFD | reducing a short position | 34,081 | 4.7594 GBP |
10p ordinary | CFD | reducing a short position | 3,916 | 4.7618 GBP |
10p ordinary | CFD | reducing a short position | 8,061 | 4.7694 GBP |
10p ordinary | CFD | reducing a short position | 36,177 | 4.7703 GBP |
10p ordinary | CFD | reducing a short position | 1,447 | 4.7735 GBP |
10p ordinary | CFD | reducing a short position | 88 | 4.7744 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: | 28 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.