Last checked at 4 Apr 2024 13:17
AMENDMENT(2(a))
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: | 02 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 | SALES | 1,100,995 | 4.7547 GBP | 4.6400 GBP |
10p ordinary | PURCHASES | 1,408,606 | 4.7610 GBP | 4.6360 GBP |
10p ordinary | PURCHASES | 25,988 | 5.8313 USD | 5.8313 USD |
10p ordinary | SALES | 25,988 | 5.8313 USD | 5.8313 USD |
(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 | 121 | 4.6399 GBP |
10p ordinary | CFD | increasing a long position | 3,992 | 4.6400 GBP |
10p ordinary | CFD | increasing a long position | 4,400 | 4.6400 GBP |
10p ordinary | CFD | increasing a long position | 43 | 4.6400 GBP |
10p ordinary | CFD | increasing a long position | 3 | 4.6400 GBP |
10p ordinary | CFD | increasing a long position | 5,614 | 4.6424 GBP |
10p ordinary | CFD | increasing a long position | 2,535 | 4.6426 GBP |
10p ordinary | CFD | increasing a long position | 3,297 | 4.6469 GBP |
10p ordinary | CFD | increasing a long position | 10,291 | 4.6513 GBP |
10p ordinary | CFD | increasing a long position | 274 | 4.6523 GBP |
10p ordinary | CFD | increasing a long position | 223 | 4.6524 GBP |
10p ordinary | CFD | increasing a long position | 2,954 | 4.6855 GBP |
10p ordinary | CFD | increasing a long position | 1,062 | 4.6920 GBP |
10p ordinary | CFD | increasing a long position | 407 | 4.7020 GBP |
10p ordinary | CFD | increasing a long position | 294 | 4.7309 GBP |
10p ordinary | CFD | increasing a long position | 221 | 4.7490 GBP |
10p ordinary | CFD | increasing a long position | 5,674 | 4.7501 GBP |
10p ordinary | CFD | increasing a long position | 7,838 | 4.7501 GBP |
10p ordinary | CFD | increasing a long position | 3,872 | 4.7560 GBP |
10p ordinary | CFD | increasing a short position | 4,480 | 4.6400 GBP |
10p ordinary | CFD | increasing a short position | 671 | 4.6400 GBP |
10p ordinary | CFD | increasing a short position | 13,898 | 4.6458 GBP |
10p ordinary | CFD | increasing a short position | 32,411 | 4.6489 GBP |
10p ordinary | CFD | increasing a short position | 11,788 | 4.6489 GBP |
10p ordinary | CFD | increasing a short position | 10,000 | 4.6490 GBP |
10p ordinary | CFD | increasing a short position | 112,000 | 4.6543 GBP |
10p ordinary | CFD | increasing a short position | 8,912 | 4.6559 GBP |
10p ordinary | CFD | increasing a short position | 7,059 | 4.6559 GBP |
10p ordinary | CFD | increasing a short position | 2,947 | 4.6570 GBP |
10p ordinary | CFD | increasing a short position | 8,103 | 4.6570 GBP |
10p ordinary | CFD | increasing a short position | 5,894 | 4.6575 GBP |
10p ordinary | CFD | increasing a short position | 16,205 | 4.6575 GBP |
10p ordinary | CFD | increasing a short position | 85,157 | 4.6582 GBP |
10p ordinary | CFD | increasing a short position | 930 | 4.6586 GBP |
10p ordinary | CFD | increasing a short position | 2,512 | 4.6586 GBP |
10p ordinary | CFD | increasing a short position | 58,668 | 4.6590 GBP |
10p ordinary | CFD | increasing a short position | 45 | 4.6604 GBP |
10p ordinary | CFD | increasing a short position | 389 | 4.6604 GBP |
10p ordinary | CFD | increasing a short position | 8,816 | 4.6626 GBP |
10p ordinary | CFD | increasing a short position | 2,444 | 4.6627 GBP |
10p ordinary | CFD | increasing a short position | 8,292 | 4.6635 GBP |
10p ordinary | CFD | increasing a short position | 1,093 | 4.6714 GBP |
10p ordinary | CFD | increasing a short position | 4,434 | 4.6764 GBP |
10p ordinary | CFD | increasing a short position | 820 | 4.6821 GBP |
10p ordinary | CFD | increasing a short position | 1,841 | 4.6821 GBP |
10p ordinary | CFD | increasing a short position | 16,813 | 4.6880 GBP |
10p ordinary | CFD | increasing a short position | 6,671 | 4.6917 GBP |
10p ordinary | CFD | increasing a short position | 5,894 | 4.6922 GBP |
10p ordinary | CFD | increasing a short position | 16,205 | 4.6922 GBP |
10p ordinary | CFD | increasing a short position | 1,573 | 4.7412 GBP |
10p ordinary | CFD | increasing a short position | 12,452 | 4.7412 GBP |
10p ordinary | CFD | increasing a short position | 3,034 | 4.7417 GBP |
10p ordinary | CFD | reducing a long position | 6,021 | 4.6400 GBP |
10p ordinary | CFD | reducing a long position | 1,415 | 4.6400 GBP |
10p ordinary | CFD | reducing a long position | 1,217 | 4.6428 GBP |
10p ordinary | CFD | reducing a long position | 1,694 | 4.6429 GBP |
10p ordinary | CFD | reducing a long position | 345 | 4.6617 GBP |
10p ordinary | CFD | reducing a long position | 149,839 | 4.6786 GBP |
10p ordinary | CFD | reducing a long position | 294 | 4.7391 GBP |
10p ordinary | CFD | reducing a long position | 3,872 | 4.7560 GBP |
10p ordinary | CFD | reducing a short position | 18,516 | 4.6400 GBP |
10p ordinary | CFD | reducing a short position | 4,285 | 4.6489 GBP |
10p ordinary | CFD | reducing a short position | 14,830 | 4.6524 GBP |
10p ordinary | CFD | reducing a short position | 55,468 | 4.6531 GBP |
10p ordinary | CFD | reducing a short position | 17,171 | 4.6550 GBP |
10p ordinary | CFD | reducing a short position | 24,800 | 4.6599 GBP |
10p ordinary | CFD | reducing a short position | 507 | 4.6632 GBP |
10p ordinary | CFD | reducing a short position | 2,100 | 4.6645 GBP |
10p ordinary | CFD | reducing a short position | 19,961 | 4.6655 GBP |
10p ordinary | CFD | reducing a short position | 48,207 | 4.6675 GBP |
10p ordinary | CFD | reducing a short position | 8,292 | 4.6683 GBP |
10p ordinary | CFD | reducing a short position | 3,040 | 4.6730 GBP |
10p ordinary | CFD | reducing a short position | 6,789 | 4.6901 GBP |
10p ordinary | CFD | reducing a short position | 1,427 | 4.6966 GBP |
10p ordinary | CFD | reducing a short position | 13 | 4.7028 GBP |
10p ordinary | CFD | reducing a short position | 3,034 | 4.7442 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: | 04 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.