Last checked at 21 Mar 2024 14:24
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: | 19 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 | 2,199,935 | 4.7080 GBP | 4.6230 GBP |
10p ordinary | PURCHASES | 3,008,232 | 4.7904 GBP | 4.6250 GBP |
10p ordinary | PURCHASES | 32,283 | 5.4460 EUR | 5.4460 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 | 11,992 | 4.6505 GBP |
10p ordinary | CFD | increasing a long position | 13,995 | 4.6534 GBP |
10p ordinary | CFD | increasing a long position | 1,005 | 4.6538 GBP |
10p ordinary | CFD | increasing a long position | 3,228 | 4.6552 GBP |
10p ordinary | CFD | increasing a long position | 1,773 | 4.6555 GBP |
10p ordinary | CFD | increasing a long position | 4,420 | 4.6577 GBP |
10p ordinary | CFD | increasing a long position | 4,742 | 4.6682 GBP |
10p ordinary | CFD | increasing a long position | 33,499 | 4.6701 GBP |
10p ordinary | CFD | increasing a long position | 1,536 | 4.6731 GBP |
10p ordinary | CFD | increasing a long position | 118 | 4.6756 GBP |
10p ordinary | CFD | increasing a short position | 1,447 | 4.6322 GBP |
10p ordinary | CFD | increasing a short position | 24,171 | 4.6386 GBP |
10p ordinary | CFD | increasing a short position | 16,142 | 4.6407 GBP |
10p ordinary | CFD | increasing a short position | 3,099 | 4.6407 GBP |
10p ordinary | CFD | increasing a short position | 15,913 | 4.6459 GBP |
10p ordinary | CFD | increasing a short position | 12,638 | 4.6478 GBP |
10p ordinary | CFD | increasing a short position | 76 | 4.6488 GBP |
10p ordinary | CFD | increasing a short position | 35 | 4.6489 GBP |
10p ordinary | CFD | increasing a short position | 2,891 | 4.6490 GBP |
10p ordinary | CFD | increasing a short position | 86 | 4.6490 GBP |
10p ordinary | CFD | increasing a short position | 22,951 | 4.6490 GBP |
10p ordinary | CFD | increasing a short position | 658 | 4.6490 GBP |
10p ordinary | CFD | increasing a short position | 154 | 4.6490 GBP |
10p ordinary | CFD | increasing a short position | 32,283 | 4.6491 GBP |
10p ordinary | CFD | increasing a short position | 2,920 | 4.6496 GBP |
10p ordinary | CFD | increasing a short position | 84,595 | 4.6497 GBP |
10p ordinary | CFD | increasing a short position | 152,637 | 4.6506 GBP |
10p ordinary | CFD | increasing a short position | 55,517 | 4.6506 GBP |
10p ordinary | CFD | increasing a short position | 35,750 | 4.6511 GBP |
10p ordinary | CFD | increasing a short position | 10,242 | 4.6542 GBP |
10p ordinary | CFD | increasing a short position | 157,559 | 4.6550 GBP |
10p ordinary | CFD | increasing a short position | 1,466 | 4.6570 GBP |
10p ordinary | CFD | increasing a short position | 44 | 4.6582 GBP |
10p ordinary | CFD | increasing a short position | 241,005 | 4.6802 GBP |
10p ordinary | CFD | increasing a short position | 87,659 | 4.6802 GBP |
10p ordinary | CFD | increasing a short position | 8,501 | 4.6814 GBP |
10p ordinary | CFD | increasing a short position | 245,828 | 4.7904 GBP |
10p ordinary | CFD | reducing a long position | 74,269 | 4.6445 GBP |
10p ordinary | CFD | reducing a long position | 9,117 | 4.6459 GBP |
10p ordinary | CFD | reducing a long position | 13,995 | 4.6466 GBP |
10p ordinary | CFD | reducing a long position | 3,018 | 4.6468 GBP |
10p ordinary | CFD | reducing a long position | 32 | 4.6470 GBP |
10p ordinary | CFD | reducing a long position | 9,668 | 4.6485 GBP |
10p ordinary | CFD | reducing a long position | 6,778 | 4.6489 GBP |
10p ordinary | CFD | reducing a long position | 5,063 | 4.6489 GBP |
10p ordinary | CFD | reducing a long position | 11,229 | 4.6490 GBP |
10p ordinary | CFD | reducing a long position | 12,941 | 4.6490 GBP |
10p ordinary | CFD | reducing a long position | 1,210 | 4.6529 GBP |
10p ordinary | CFD | reducing a long position | 16,214 | 4.6542 GBP |
10p ordinary | CFD | reducing a long position | 158 | 4.6551 GBP |
10p ordinary | CFD | reducing a long position | 11 | 4.6598 GBP |
10p ordinary | CFD | reducing a long position | 118 | 4.6692 GBP |
10p ordinary | CFD | reducing a long position | 33,499 | 4.6701 GBP |
10p ordinary | CFD | reducing a long position | 20 | 4.6732 GBP |
10p ordinary | CFD | reducing a long position | 41,054 | 4.6740 GBP |
10p ordinary | CFD | reducing a long position | 18 | 4.6794 GBP |
10p ordinary | CFD | reducing a long position | 1,536 | 4.6808 GBP |
10p ordinary | CFD | reducing a long position | 13,177 | 4.6814 GBP |
10p ordinary | CFD | reducing a long position | 4 | 4.6850 GBP |
10p ordinary | CFD | reducing a long position | 5 | 4.6860 GBP |
10p ordinary | CFD | reducing a long position | 101 | 4.6906 GBP |
10p ordinary | CFD | reducing a short position | 1,198 | 4.6303 GBP |
10p ordinary | CFD | reducing a short position | 14 | 4.6433 GBP |
10p ordinary | CFD | reducing a short position | 7,766 | 4.6465 GBP |
10p ordinary | CFD | reducing a short position | 1,291 | 4.6471 GBP |
10p ordinary | CFD | reducing a short position | 385,297 | 4.6490 GBP |
10p ordinary | CFD | reducing a short position | 2,080 | 4.6490 GBP |
10p ordinary | CFD | reducing a short position | 721 | 4.6502 GBP |
10p ordinary | CFD | reducing a short position | 898 | 4.6533 GBP |
10p ordinary | CFD | reducing a short position | 400 | 4.6534 GBP |
10p ordinary | CFD | reducing a short position | 15,913 | 4.6552 GBP |
10p ordinary | CFD | reducing a short position | 1,731 | 4.6630 GBP |
10p ordinary | CFD | reducing a short position | 15,072 | 4.6630 GBP |
10p ordinary | CFD | reducing a short position | 33,499 | 4.6701 GBP |
10p ordinary | CFD | reducing a short position | 1,657 | 4.6821 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: | 21 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.