Last checked at 25 Mar 2024 13:19
AMENDMENT(2(a), 2(b))
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: | 20 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 | 2,086,780 | 4.6950 GBP | 4.6588 GBP |
10p ordinary | SALES | 1,032,568 | 4.6960 GBP | 4.6590 GBP |
10p ordinary | PURCHASES | 14,724 | 5.4855 EUR | 5.4855 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 | 319 | 4.6590 GBP |
10p ordinary | CFD | increasing a long position | 279 | 4.6590 GBP |
10p ordinary | CFD | increasing a long position | 674 | 4.6750 GBP |
10p ordinary | CFD | increasing a long position | 1,416 | 4.6772 GBP |
10p ordinary | CFD | increasing a long position | 116 | 4.6807 GBP |
10p ordinary | CFD | increasing a long position | 14,391 | 4.6820 GBP |
10p ordinary | CFD | increasing a long position | 48 | 4.6821 GBP |
10p ordinary | CFD | increasing a long position | 955 | 4.6824 GBP |
10p ordinary | CFD | increasing a long position | 1,278 | 4.6824 GBP |
10p ordinary | CFD | increasing a long position | 2,764 | 4.6827 GBP |
10p ordinary | CFD | increasing a long position | 988 | 4.6847 GBP |
10p ordinary | CFD | increasing a long position | 9,585 | 4.6847 GBP |
10p ordinary | CFD | increasing a long position | 234,459 | 4.6850 GBP |
10p ordinary | CFD | increasing a long position | 3,866 | 4.6850 GBP |
10p ordinary | CFD | increasing a long position | 237,965 | 4.6850 GBP |
10p ordinary | CFD | increasing a long position | 150,581 | 4.6850 GBP |
10p ordinary | CFD | increasing a long position | 35,529 | 4.6850 GBP |
10p ordinary | CFD | increasing a long position | 3,512 | 4.6861 GBP |
10p ordinary | CFD | increasing a long position | 605 | 4.6873 GBP |
10p ordinary | CFD | increasing a long position | 1 | 4.6900 GBP |
10p ordinary | CFD | increasing a short position | 5,506 | 4.6781 GBP |
10p ordinary | CFD | increasing a short position | 10,928 | 4.6783 GBP |
10p ordinary | CFD | increasing a short position | 10,908 | 4.6787 GBP |
10p ordinary | CFD | increasing a short position | 9,900 | 4.6793 GBP |
10p ordinary | CFD | increasing a short position | 126 | 4.6794 GBP |
10p ordinary | CFD | increasing a short position | 23,915 | 4.6826 GBP |
10p ordinary | CFD | increasing a short position | 12,404 | 4.6829 GBP |
10p ordinary | CFD | increasing a short position | 75,022 | 4.6832 GBP |
10p ordinary | CFD | increasing a short position | 27,287 | 4.6832 GBP |
10p ordinary | CFD | increasing a short position | 130,000 | 4.6833 GBP |
10p ordinary | CFD | increasing a short position | 626 | 4.6834 GBP |
10p ordinary | CFD | increasing a short position | 461 | 4.6834 GBP |
10p ordinary | CFD | increasing a short position | 14,724 | 4.6837 GBP |
10p ordinary | CFD | increasing a short position | 8 | 4.6840 GBP |
10p ordinary | CFD | increasing a short position | 661 | 4.6844 GBP |
10p ordinary | CFD | increasing a short position | 532,501 | 4.6850 GBP |
10p ordinary | CFD | increasing a short position | 44,320 | 4.6850 GBP |
10p ordinary | CFD | increasing a short position | 118 | 4.6851 GBP |
10p ordinary | CFD | increasing a short position | 7,674 | 4.6856 GBP |
10p ordinary | CFD | increasing a short position | 1,002 | 4.6860 GBP |
10p ordinary | CFD | increasing a short position | 2,269 | 4.6862 GBP |
10p ordinary | CFD | increasing a short position | 32,134 | 4.6878 GBP |
10p ordinary | CFD | increasing a short position | 11,688 | 4.6878 GBP |
10p ordinary | CFD | increasing a short position | 4,571 | 4.6883 GBP |
10p ordinary | CFD | increasing a short position | 33 | 4.6889 GBP |
10p ordinary | CFD | increasing a short position | 80,335 | 4.6890 GBP |
10p ordinary | CFD | increasing a short position | 29,220 | 4.6890 GBP |
10p ordinary | CFD | reducing a long position | 1 | 4.6590 GBP |
10p ordinary | CFD | reducing a long position | 536 | 4.6751 GBP |
10p ordinary | CFD | reducing a long position | 90 | 4.6775 GBP |
10p ordinary | CFD | reducing a long position | 3,228 | 4.6783 GBP |
10p ordinary | CFD | reducing a long position | 14,391 | 4.6820 GBP |
10p ordinary | CFD | reducing a long position | 48 | 4.6821 GBP |
10p ordinary | CFD | reducing a long position | 6,402 | 4.6828 GBP |
10p ordinary | CFD | reducing a long position | 150,581 | 4.6850 GBP |
10p ordinary | CFD | reducing a long position | 237,965 | 4.6850 GBP |
10p ordinary | CFD | reducing a long position | 234,459 | 4.6850 GBP |
10p ordinary | CFD | reducing a long position | 319 | 4.6850 GBP |
10p ordinary | CFD | reducing a long position | 3,866 | 4.6850 GBP |
10p ordinary | CFD | reducing a long position | 1,143 | 4.6850 GBP |
10p ordinary | CFD | reducing a long position | 35,529 | 4.6850 GBP |
10p ordinary | CFD | reducing a long position | 11,723 | 4.6850 GBP |
10p ordinary | CFD | reducing a long position | 180,858 | 4.6879 GBP |
10p ordinary | CFD | reducing a long position | 279 | 4.6899 GBP |
10p ordinary | CFD | reducing a short position | 1,107 | 4.6590 GBP |
10p ordinary | CFD | reducing a short position | 1,873 | 4.6686 GBP |
10p ordinary | CFD | reducing a short position | 767 | 4.6701 GBP |
10p ordinary | CFD | reducing a short position | 2,917 | 4.6727 GBP |
10p ordinary | CFD | reducing a short position | 8,501 | 4.6750 GBP |
10p ordinary | CFD | reducing a short position | 4,126 | 4.6763 GBP |
10p ordinary | CFD | reducing a short position | 165 | 4.6776 GBP |
10p ordinary | CFD | reducing a short position | 12,404 | 4.6777 GBP |
10p ordinary | CFD | reducing a short position | 250 | 4.6785 GBP |
10p ordinary | CFD | reducing a short position | 28 | 4.6785 GBP |
10p ordinary | CFD | reducing a short position | 3,775 | 4.6797 GBP |
10p ordinary | CFD | reducing a short position | 11,814 | 4.6799 GBP |
10p ordinary | CFD | reducing a short position | 14,391 | 4.6820 GBP |
10p ordinary | CFD | reducing a short position | 48 | 4.6821 GBP |
10p ordinary | CFD | reducing a short position | 15,573 | 4.6822 GBP |
10p ordinary | CFD | reducing a short position | 2,675 | 4.6827 GBP |
10p ordinary | CFD | reducing a short position | 1,191 | 4.6827 GBP |
10p ordinary | CFD | reducing a short position | 12 | 4.6830 GBP |
10p ordinary | CFD | reducing a short position | 8 | 4.6840 GBP |
10p ordinary | CFD | reducing a short position | 42,700 | 4.6840 GBP |
10p ordinary | CFD | reducing a short position | 15,877 | 4.6841 GBP |
10p ordinary | CFD | reducing a short position | 9,475 | 4.6848 GBP |
10p ordinary | CFD | reducing a short position | 2,937 | 4.6850 GBP |
10p ordinary | CFD | reducing a short position | 7,323 | 4.6862 GBP |
10p ordinary | CFD | reducing a short position | 4,683 | 4.6878 GBP |
10p ordinary | CFD | reducing a short position | 2,202 | 4.6904 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: | 25 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.