Last checked at 18 Mar 2024 15:00
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: | 14 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 | 1,366,494 | 4.8215 GBP | 4.7410 GBP |
10p ordinary | PURCHASES | 1,394,102 | 4.8320 GBP | 4.7385 GBP |
10p ordinary | SALES | 11,760 | 5.5880 EUR | 5.5880 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 | 400 | 4.7470 GBP |
10p ordinary | CFD | increasing a long position | 1,918 | 4.7622 GBP |
10p ordinary | CFD | increasing a long position | 8,411 | 4.7710 GBP |
10p ordinary | CFD | increasing a long position | 9,900 | 4.7710 GBP |
10p ordinary | CFD | increasing a long position | 10,495 | 4.7710 GBP |
10p ordinary | CFD | increasing a long position | 253 | 4.7710 GBP |
10p ordinary | CFD | increasing a long position | 3,658 | 4.7710 GBP |
10p ordinary | CFD | increasing a long position | 14,053 | 4.7710 GBP |
10p ordinary | CFD | increasing a long position | 50,446 | 4.7711 GBP |
10p ordinary | CFD | increasing a long position | 416 | 4.7724 GBP |
10p ordinary | CFD | increasing a long position | 46,117 | 4.7727 GBP |
10p ordinary | CFD | increasing a long position | 18,043 | 4.7730 GBP |
10p ordinary | CFD | increasing a long position | 525 | 4.7740 GBP |
10p ordinary | CFD | increasing a long position | 703 | 4.7740 GBP |
10p ordinary | CFD | increasing a long position | 60,162 | 4.7745 GBP |
10p ordinary | CFD | increasing a long position | 94,979 | 4.7767 GBP |
10p ordinary | CFD | increasing a long position | 212 | 4.7783 GBP |
10p ordinary | CFD | increasing a long position | 3,458 | 4.7797 GBP |
10p ordinary | CFD | increasing a long position | 2,838 | 4.7853 GBP |
10p ordinary | CFD | increasing a long position | 8,584 | 4.8015 GBP |
10p ordinary | CFD | increasing a long position | 4,266 | 4.8039 GBP |
10p ordinary | CFD | increasing a long position | 815 | 4.8051 GBP |
10p ordinary | CFD | increasing a long position | 28,394 | 4.8125 GBP |
10p ordinary | CFD | increasing a short position | 6,669 | 4.7646 GBP |
10p ordinary | CFD | increasing a short position | 576 | 4.7650 GBP |
10p ordinary | CFD | increasing a short position | 210 | 4.7650 GBP |
10p ordinary | CFD | increasing a short position | 1,008 | 4.7650 GBP |
10p ordinary | CFD | increasing a short position | 80 | 4.7685 GBP |
10p ordinary | CFD | increasing a short position | 383 | 4.7705 GBP |
10p ordinary | CFD | increasing a short position | 15,404 | 4.7708 GBP |
10p ordinary | CFD | increasing a short position | 84 | 4.7710 GBP |
10p ordinary | CFD | increasing a short position | 1,527 | 4.7710 GBP |
10p ordinary | CFD | increasing a short position | 3,665 | 4.7710 GBP |
10p ordinary | CFD | increasing a short position | 115,831 | 4.7710 GBP |
10p ordinary | CFD | increasing a short position | 1,173 | 4.7710 GBP |
10p ordinary | CFD | increasing a short position | 28,300 | 4.7711 GBP |
10p ordinary | CFD | increasing a short position | 14,950 | 4.7713 GBP |
10p ordinary | CFD | increasing a short position | 3,107 | 4.7714 GBP |
10p ordinary | CFD | increasing a short position | 139 | 4.7714 GBP |
10p ordinary | CFD | increasing a short position | 1,396 | 4.7714 GBP |
10p ordinary | CFD | increasing a short position | 1,904 | 4.7721 GBP |
10p ordinary | CFD | increasing a short position | 283,516 | 4.7817 GBP |
10p ordinary | CFD | increasing a short position | 82,071 | 4.7851 GBP |
10p ordinary | CFD | increasing a short position | 1,333 | 4.7873 GBP |
10p ordinary | CFD | increasing a short position | 579 | 4.7873 GBP |
10p ordinary | CFD | increasing a short position | 2,207 | 4.7873 GBP |
10p ordinary | CFD | increasing a short position | 10,780 | 4.7894 GBP |
10p ordinary | CFD | increasing a short position | 957 | 4.7955 GBP |
10p ordinary | CFD | increasing a short position | 36 | 4.8097 GBP |
10p ordinary | CFD | reducing a long position | 32 | 4.7705 GBP |
10p ordinary | CFD | reducing a long position | 4,768 | 4.7706 GBP |
10p ordinary | CFD | reducing a long position | 545 | 4.7710 GBP |
10p ordinary | CFD | reducing a long position | 13,553 | 4.7710 GBP |
10p ordinary | CFD | reducing a long position | 1,356 | 4.7710 GBP |
10p ordinary | CFD | reducing a long position | 1,111 | 4.7710 GBP |
10p ordinary | CFD | reducing a long position | 62 | 4.7711 GBP |
10p ordinary | CFD | reducing a long position | 1,208 | 4.7713 GBP |
10p ordinary | CFD | reducing a long position | 398 | 4.7739 GBP |
10p ordinary | CFD | reducing a long position | 46,117 | 4.7761 GBP |
10p ordinary | CFD | reducing a long position | 1,918 | 4.7793 GBP |
10p ordinary | CFD | reducing a long position | 707 | 4.7899 GBP |
10p ordinary | CFD | reducing a long position | 1,037 | 4.7955 GBP |
10p ordinary | CFD | reducing a long position | 1,257 | 4.7958 GBP |
10p ordinary | CFD | reducing a long position | 193,173 | 4.7982 GBP |
10p ordinary | CFD | reducing a short position | 502 | 4.7644 GBP |
10p ordinary | CFD | reducing a short position | 5,478 | 4.7704 GBP |
10p ordinary | CFD | reducing a short position | 7,383 | 4.7710 GBP |
10p ordinary | CFD | reducing a short position | 1 | 4.7710 GBP |
10p ordinary | CFD | reducing a short position | 8,640 | 4.7715 GBP |
10p ordinary | CFD | reducing a short position | 11,760 | 4.7715 GBP |
10p ordinary | CFD | reducing a short position | 26 | 4.7723 GBP |
10p ordinary | CFD | reducing a short position | 15,720 | 4.7725 GBP |
10p ordinary | CFD | reducing a short position | 4,023 | 4.7730 GBP |
10p ordinary | CFD | reducing a short position | 462 | 4.7730 GBP |
10p ordinary | CFD | reducing a short position | 84,169 | 4.7755 GBP |
10p ordinary | CFD | reducing a short position | 6,452 | 4.7806 GBP |
10p ordinary | CFD | reducing a short position | 46,785 | 4.7808 GBP |
10p ordinary | CFD | reducing a short position | 1,186 | 4.7818 GBP |
10p ordinary | CFD | reducing a short position | 6,359 | 4.7876 GBP |
10p ordinary | CFD | reducing a short position | 957 | 4.8051 GBP |
10p ordinary | CFD | reducing a short position | 26,611 | 4.8058 GBP |
10p ordinary | CFD | reducing a short position | 810 | 4.8079 GBP |
10p ordinary | CFD | reducing a short position | 15,244 | 4.8125 GBP |
10p ordinary | CFD | reducing a short position | 5,720 | 4.8129 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: | 18 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.