Last checked at 20 Mar 2024 12:23
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: | 15 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 | 3,267,388 | 4.7710 GBP | 4.7270 GBP |
10p ordinary | SALES | 1,525,937 | 5.6000 GBP | 4.7270 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 | 398 | 4.7331 GBP |
10p ordinary | CFD | increasing a long position | 532 | 4.7331 GBP |
10p ordinary | CFD | increasing a long position | 2,612 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 21,600 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 335 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 449 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 305 | 4.7369 GBP |
10p ordinary | CFD | increasing a long position | 1,640 | 4.7374 GBP |
10p ordinary | CFD | increasing a long position | 4,447 | 4.7404 GBP |
10p ordinary | CFD | increasing a long position | 3,158 | 4.7439 GBP |
10p ordinary | CFD | increasing a long position | 225 | 4.7499 GBP |
10p ordinary | CFD | increasing a long position | 17,041 | 4.7505 GBP |
10p ordinary | CFD | increasing a long position | 42,604 | 4.7505 GBP |
10p ordinary | CFD | increasing a long position | 138,953 | 4.7505 GBP |
10p ordinary | CFD | increasing a long position | 90,320 | 4.7505 GBP |
10p ordinary | CFD | increasing a long position | 94,150 | 4.7505 GBP |
10p ordinary | CFD | increasing a long position | 4,148 | 4.7516 GBP |
10p ordinary | CFD | increasing a long position | 1,392 | 4.7547 GBP |
10p ordinary | CFD | increasing a long position | 1,749 | 4.7567 GBP |
10p ordinary | CFD | increasing a long position | 226 | 4.7620 GBP |
10p ordinary | CFD | increasing a short position | 735 | 4.7326 GBP |
10p ordinary | CFD | increasing a short position | 653 | 4.7360 GBP |
10p ordinary | CFD | increasing a short position | 851 | 4.7360 GBP |
10p ordinary | CFD | increasing a short position | 1,331 | 4.7360 GBP |
10p ordinary | CFD | increasing a short position | 71 | 4.7360 GBP |
10p ordinary | CFD | increasing a short position | 1,452 | 4.7360 GBP |
10p ordinary | CFD | increasing a short position | 998 | 4.7360 GBP |
10p ordinary | CFD | increasing a short position | 16,067 | 4.7387 GBP |
10p ordinary | CFD | increasing a short position | 5,844 | 4.7387 GBP |
10p ordinary | CFD | increasing a short position | 28,089 | 4.7387 GBP |
10p ordinary | CFD | increasing a short position | 40,300 | 4.7393 GBP |
10p ordinary | CFD | increasing a short position | 116,557 | 4.7423 GBP |
10p ordinary | CFD | increasing a short position | 78,790 | 4.7425 GBP |
10p ordinary | CFD | increasing a short position | 2,462 | 4.7425 GBP |
10p ordinary | CFD | increasing a short position | 163,443 | 4.7449 GBP |
10p ordinary | CFD | increasing a short position | 7,087 | 4.7450 GBP |
10p ordinary | CFD | increasing a short position | 1,993 | 4.7475 GBP |
10p ordinary | CFD | increasing a short position | 6,309 | 4.7477 GBP |
10p ordinary | CFD | increasing a short position | 20,003 | 4.7480 GBP |
10p ordinary | CFD | increasing a short position | 1,676 | 4.7487 GBP |
10p ordinary | CFD | increasing a short position | 34,939 | 4.7489 GBP |
10p ordinary | CFD | increasing a short position | 162 | 4.7532 GBP |
10p ordinary | CFD | increasing a short position | 73 | 4.7532 GBP |
10p ordinary | CFD | increasing a short position | 2,802 | 4.7541 GBP |
10p ordinary | CFD | increasing a short position | 3,117 | 4.7542 GBP |
10p ordinary | CFD | increasing a short position | 8,275 | 4.7567 GBP |
10p ordinary | CFD | increasing a short position | 42 | 4.7569 GBP |
10p ordinary | CFD | increasing a short position | 3,965 | 4.7594 GBP |
10p ordinary | CFD | increasing a short position | 275,000 | 4.7602 GBP |
10p ordinary | CFD | increasing a short position | 105,364 | 4.7673 GBP |
10p ordinary | CFD | reducing a long position | 75 | 4.7360 GBP |
10p ordinary | CFD | reducing a long position | 71,355 | 4.7370 GBP |
10p ordinary | CFD | reducing a long position | 76 | 4.7395 GBP |
10p ordinary | CFD | reducing a long position | 17,734 | 4.7426 GBP |
10p ordinary | CFD | reducing a long position | 10,649 | 4.7426 GBP |
10p ordinary | CFD | reducing a long position | 264 | 4.7443 GBP |
10p ordinary | CFD | reducing a long position | 976 | 4.7453 GBP |
10p ordinary | CFD | reducing a long position | 36 | 4.7479 GBP |
10p ordinary | CFD | reducing a long position | 1,477,820 | 4.7490 GBP |
10p ordinary | CFD | reducing a long position | 1 | 4.7490 GBP |
10p ordinary | CFD | reducing a long position | 13 | 4.7538 GBP |
10p ordinary | CFD | reducing a long position | 241,920 | 4.7539 GBP |
10p ordinary | CFD | reducing a long position | 12,677 | 4.7542 GBP |
10p ordinary | CFD | reducing a long position | 65,420 | 4.7589 GBP |
10p ordinary | CFD | reducing a long position | 44,500 | 4.7607 GBP |
10p ordinary | CFD | reducing a long position | 1 | 4.7680 GBP |
10p ordinary | CFD | reducing a short position | 39 | 4.7357 GBP |
10p ordinary | CFD | reducing a short position | 625 | 4.7360 GBP |
10p ordinary | CFD | reducing a short position | 9,308 | 4.7360 GBP |
10p ordinary | CFD | reducing a short position | 1,933 | 4.7360 GBP |
10p ordinary | CFD | reducing a short position | 669 | 4.7360 GBP |
10p ordinary | CFD | reducing a short position | 2,152 | 4.7370 GBP |
10p ordinary | CFD | reducing a short position | 6,045 | 4.7373 GBP |
10p ordinary | CFD | reducing a short position | 147 | 4.7380 GBP |
10p ordinary | CFD | reducing a short position | 107,199 | 4.7380 GBP |
10p ordinary | CFD | reducing a short position | 160 | 4.7400 GBP |
10p ordinary | CFD | reducing a short position | 33,948 | 4.7412 GBP |
10p ordinary | CFD | reducing a short position | 468 | 4.7417 GBP |
10p ordinary | CFD | reducing a short position | 4,075 | 4.7417 GBP |
10p ordinary | CFD | reducing a short position | 11,806 | 4.7476 GBP |
10p ordinary | CFD | reducing a short position | 2,802 | 4.7491 GBP |
10p ordinary | CFD | reducing a short position | 663 | 4.7501 GBP |
10p ordinary | CFD | reducing a short position | 8 | 4.7510 GBP |
10p ordinary | CFD | reducing a short position | 20,595 | 4.7551 GBP |
10p ordinary | CFD | reducing a short position | 3,965 | 4.7589 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 |
10p ordinary | PUT | Exercising | 52,000 | 540.0000 GBP |
10p ordinary | PUT | Exercising | 47,000 | 560.0000 GBP |
(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: | 20 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.