Last checked at 28 Mar 2024 15:36
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: | 26 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 | 1,243,470 | 4.7500 GBP | 4.6700 GBP |
10p ordinary | PURCHASES | 1,293,686 | 4.7505 GBP | 4.6724 GBP |
(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 | 311 | 4.6830 GBP |
10p ordinary | CFD | increasing a long position | 7,485 | 4.7079 GBP |
10p ordinary | CFD | increasing a long position | 708 | 4.7188 GBP |
10p ordinary | CFD | increasing a long position | 128 | 4.7286 GBP |
10p ordinary | CFD | increasing a long position | 8,306 | 4.7319 GBP |
10p ordinary | CFD | increasing a long position | 172,188 | 4.7347 GBP |
10p ordinary | CFD | increasing a long position | 10,772 | 4.7364 GBP |
10p ordinary | CFD | increasing a long position | 13,196 | 4.7382 GBP |
10p ordinary | CFD | increasing a long position | 10,892 | 4.7393 GBP |
10p ordinary | CFD | increasing a long position | 5,693 | 4.7396 GBP |
10p ordinary | CFD | increasing a long position | 17,852 | 4.7429 GBP |
10p ordinary | CFD | increasing a long position | 2,652 | 4.7430 GBP |
10p ordinary | CFD | increasing a short position | 3,657 | 4.6748 GBP |
10p ordinary | CFD | increasing a short position | 1,330 | 4.6748 GBP |
10p ordinary | CFD | increasing a short position | 4,634 | 4.6820 GBP |
10p ordinary | CFD | increasing a short position | 746 | 4.6846 GBP |
10p ordinary | CFD | increasing a short position | 271 | 4.6846 GBP |
10p ordinary | CFD | increasing a short position | 783 | 4.6871 GBP |
10p ordinary | CFD | increasing a short position | 1,372 | 4.6894 GBP |
10p ordinary | CFD | increasing a short position | 28,400 | 4.7200 GBP |
10p ordinary | CFD | increasing a short position | 667 | 4.7281 GBP |
10p ordinary | CFD | increasing a short position | 354 | 4.7290 GBP |
10p ordinary | CFD | increasing a short position | 156 | 4.7290 GBP |
10p ordinary | CFD | increasing a short position | 6,511 | 4.7295 GBP |
10p ordinary | CFD | increasing a short position | 27,966 | 4.7322 GBP |
10p ordinary | CFD | increasing a short position | 92,400 | 4.7345 GBP |
10p ordinary | CFD | increasing a short position | 47,396 | 4.7369 GBP |
10p ordinary | CFD | increasing a short position | 42,839 | 4.7394 GBP |
10p ordinary | CFD | increasing a short position | 2,586 | 4.7394 GBP |
10p ordinary | CFD | increasing a short position | 2,374 | 4.7394 GBP |
10p ordinary | CFD | increasing a short position | 20,901 | 4.7402 GBP |
10p ordinary | CFD | increasing a short position | 1,893 | 4.7409 GBP |
10p ordinary | CFD | increasing a short position | 218 | 4.7409 GBP |
10p ordinary | CFD | increasing a short position | 3,990 | 4.7411 GBP |
10p ordinary | CFD | increasing a short position | 7,400 | 4.7420 GBP |
10p ordinary | CFD | increasing a short position | 10,499 | 4.7423 GBP |
10p ordinary | CFD | increasing a short position | 1,697 | 4.7429 GBP |
10p ordinary | CFD | increasing a short position | 401 | 4.7430 GBP |
10p ordinary | CFD | increasing a short position | 113,650 | 4.7430 GBP |
10p ordinary | CFD | increasing a short position | 1,442 | 4.7430 GBP |
10p ordinary | CFD | increasing a short position | 34,577 | 4.7435 GBP |
10p ordinary | CFD | reducing a long position | 976 | 4.6894 GBP |
10p ordinary | CFD | reducing a long position | 7,485 | 4.7052 GBP |
10p ordinary | CFD | reducing a long position | 4,921 | 4.7062 GBP |
10p ordinary | CFD | reducing a long position | 8,306 | 4.7311 GBP |
10p ordinary | CFD | reducing a long position | 37,041 | 4.7323 GBP |
10p ordinary | CFD | reducing a long position | 344 | 4.7374 GBP |
10p ordinary | CFD | reducing a long position | 23,703 | 4.7392 GBP |
10p ordinary | CFD | reducing a long position | 18,889 | 4.7394 GBP |
10p ordinary | CFD | reducing a long position | 1,166 | 4.7423 GBP |
10p ordinary | CFD | reducing a long position | 830 | 4.7423 GBP |
10p ordinary | CFD | reducing a long position | 3,799 | 4.7430 GBP |
10p ordinary | CFD | reducing a long position | 1 | 4.7435 GBP |
10p ordinary | CFD | reducing a short position | 182 | 4.6760 GBP |
10p ordinary | CFD | reducing a short position | 6,381 | 4.7182 GBP |
10p ordinary | CFD | reducing a short position | 8,507 | 4.7182 GBP |
10p ordinary | CFD | reducing a short position | 959 | 4.7238 GBP |
10p ordinary | CFD | reducing a short position | 426 | 4.7276 GBP |
10p ordinary | CFD | reducing a short position | 4,784 | 4.7340 GBP |
10p ordinary | CFD | reducing a short position | 15,724 | 4.7359 GBP |
10p ordinary | CFD | reducing a short position | 17,911 | 4.7379 GBP |
10p ordinary | CFD | reducing a short position | 4,634 | 4.7396 GBP |
10p ordinary | CFD | reducing a short position | 97,786 | 4.7405 GBP |
10p ordinary | CFD | reducing a short position | 47,043 | 4.7405 GBP |
10p ordinary | CFD | reducing a short position | 20,611 | 4.7412 GBP |
10p ordinary | CFD | reducing a short position | 12,345 | 4.7415 GBP |
10p ordinary | CFD | reducing a short position | 7,027 | 4.7428 GBP |
10p ordinary | CFD | reducing a short position | 59,442 | 4.7429 GBP |
10p ordinary | CFD | reducing a short position | 3,270 | 4.7429 GBP |
10p ordinary | CFD | reducing a short position | 204 | 4.7430 GBP |
10p ordinary | CFD | reducing a short position | 2,065 | 4.7430 GBP |
10p ordinary | CFD | reducing a short position | 7,420 | 4.7444 GBP |
10p ordinary | CFD | reducing a short position | 5,892 | 4.7451 GBP |
10p ordinary | CFD | reducing a short position | 2,586 | 4.7451 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.