Last checked at 22 Mar 2024 13:44
AMENDMENT(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: | 07 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 | 1,083,601 | 4.7840 GBP | 4.7140 GBP |
10p ordinary | SALES | 910,180 | 4.7900 GBP | 4.7210 GBP |
10p ordinary | SALES | 6,383 | 5.5799 EUR | 5.5799 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 | 15 | 4.7270 GBP |
10p ordinary | CFD | increasing a long position | 484 | 4.7270 GBP |
10p ordinary | CFD | increasing a long position | 107,745 | 4.7270 GBP |
10p ordinary | CFD | increasing a long position | 255 | 4.7270 GBP |
10p ordinary | CFD | increasing a long position | 5,525 | 4.7371 GBP |
10p ordinary | CFD | increasing a long position | 1,844 | 4.7579 GBP |
10p ordinary | CFD | increasing a long position | 103 | 4.7683 GBP |
10p ordinary | CFD | increasing a long position | 1,708 | 4.7694 GBP |
10p ordinary | CFD | increasing a long position | 4,834 | 4.7700 GBP |
10p ordinary | CFD | increasing a long position | 2,314 | 4.7700 GBP |
10p ordinary | CFD | increasing a long position | 26,457 | 4.7703 GBP |
10p ordinary | CFD | increasing a long position | 31 | 4.7746 GBP |
10p ordinary | CFD | increasing a short position | 3,801 | 4.7320 GBP |
10p ordinary | CFD | increasing a short position | 1,676 | 4.7320 GBP |
10p ordinary | CFD | increasing a short position | 696 | 4.7400 GBP |
10p ordinary | CFD | increasing a short position | 193 | 4.7401 GBP |
10p ordinary | CFD | increasing a short position | 1,025 | 4.7410 GBP |
10p ordinary | CFD | increasing a short position | 6,660 | 4.7473 GBP |
10p ordinary | CFD | increasing a short position | 3,798 | 4.7473 GBP |
10p ordinary | CFD | increasing a short position | 1,381 | 4.7473 GBP |
10p ordinary | CFD | increasing a short position | 11,500 | 4.7476 GBP |
10p ordinary | CFD | increasing a short position | 8,644 | 4.7521 GBP |
10p ordinary | CFD | increasing a short position | 44,865 | 4.7551 GBP |
10p ordinary | CFD | increasing a short position | 4,995 | 4.7556 GBP |
10p ordinary | CFD | increasing a short position | 5,666 | 4.7624 GBP |
10p ordinary | CFD | increasing a short position | 6,308 | 4.7672 GBP |
10p ordinary | CFD | increasing a short position | 724 | 4.7672 GBP |
10p ordinary | CFD | increasing a short position | 4,405 | 4.7681 GBP |
10p ordinary | CFD | increasing a short position | 1,946 | 4.7684 GBP |
10p ordinary | CFD | increasing a short position | 619 | 4.7689 GBP |
10p ordinary | CFD | increasing a short position | 43,524 | 4.7697 GBP |
10p ordinary | CFD | increasing a short position | 627 | 4.7700 GBP |
10p ordinary | CFD | increasing a short position | 3,629 | 4.7700 GBP |
10p ordinary | CFD | increasing a short position | 18,874 | 4.7707 GBP |
10p ordinary | CFD | reducing a long position | 743 | 4.7277 GBP |
10p ordinary | CFD | reducing a long position | 6,928 | 4.7339 GBP |
10p ordinary | CFD | reducing a long position | 19,745 | 4.7367 GBP |
10p ordinary | CFD | reducing a long position | 4,420 | 4.7532 GBP |
10p ordinary | CFD | reducing a long position | 668 | 4.7551 GBP |
10p ordinary | CFD | reducing a long position | 35,033 | 4.7599 GBP |
10p ordinary | CFD | reducing a long position | 18,138 | 4.7624 GBP |
10p ordinary | CFD | reducing a long position | 741 | 4.7676 GBP |
10p ordinary | CFD | reducing a long position | 86,400 | 4.7695 GBP |
10p ordinary | CFD | reducing a long position | 6,678 | 4.7700 GBP |
10p ordinary | CFD | reducing a long position | 11,455 | 4.7700 GBP |
10p ordinary | CFD | reducing a long position | 484 | 4.7700 GBP |
10p ordinary | CFD | reducing a long position | 33 | 4.7708 GBP |
10p ordinary | CFD | reducing a long position | 1,646 | 4.7720 GBP |
10p ordinary | CFD | reducing a long position | 128,692 | 4.7732 GBP |
10p ordinary | CFD | reducing a long position | 1,003 | 4.7733 GBP |
10p ordinary | CFD | reducing a long position | 2 | 4.7735 GBP |
10p ordinary | CFD | reducing a long position | 107,745 | 4.7850 GBP |
10p ordinary | CFD | reducing a short position | 1,021 | 4.7270 GBP |
10p ordinary | CFD | reducing a short position | 99 | 4.7270 GBP |
10p ordinary | CFD | reducing a short position | 2,093 | 4.7347 GBP |
10p ordinary | CFD | reducing a short position | 3,924 | 4.7371 GBP |
10p ordinary | CFD | reducing a short position | 1,025 | 4.7397 GBP |
10p ordinary | CFD | reducing a short position | 3 | 4.7533 GBP |
10p ordinary | CFD | reducing a short position | 8,644 | 4.7550 GBP |
10p ordinary | CFD | reducing a short position | 349 | 4.7642 GBP |
10p ordinary | CFD | reducing a short position | 33,329 | 4.7646 GBP |
10p ordinary | CFD | reducing a short position | 109 | 4.7666 GBP |
10p ordinary | CFD | reducing a short position | 809 | 4.7671 GBP |
10p ordinary | CFD | reducing a short position | 1,935 | 4.7678 GBP |
10p ordinary | CFD | reducing a short position | 13,899 | 4.7695 GBP |
10p ordinary | CFD | reducing a short position | 266 | 4.7696 GBP |
10p ordinary | CFD | reducing a short position | 601 | 4.7696 GBP |
10p ordinary | CFD | reducing a short position | 43,852 | 4.7699 GBP |
10p ordinary | CFD | reducing a short position | 60 | 4.7700 GBP |
10p ordinary | CFD | reducing a short position | 6,383 | 4.7702 GBP |
10p ordinary | CFD | reducing a short position | 17,885 | 4.7707 GBP |
10p ordinary | CFD | reducing a short position | 5 | 4.7708 GBP |
10p ordinary | CFD | reducing a short position | 1,321 | 4.7724 GBP |
10p ordinary | CFD | reducing a short position | 5,686 | 4.7855 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: | 22 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.