Last checked at 28 Feb 2024 17:03
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 | Redrow plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Barratt Developments Plc |
(d) Date dealing undertaken: | 26 February 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- Barratt Developments 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 |
10.5p ordinary | PURCHASES | 461,129 | 6.6525 GBP | 6.4600 GBP |
10.5p ordinary | SALES | 635,940 | 6.6550 GBP | 6.4701 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 |
10.5p ordinary | CFD | increasing a long position | 7,600 | 6.5513 GBP |
10.5p ordinary | CFD | increasing a long position | 3,421 | 6.5950 GBP |
10.5p ordinary | CFD | increasing a long position | 6,405 | 6.6098 GBP |
10.5p ordinary | CFD | increasing a long position | 5 | 6.6100 GBP |
10.5p ordinary | CFD | increasing a long position | 747 | 6.6216 GBP |
10.5p ordinary | CFD | increasing a long position | 4,135 | 6.6325 GBP |
10.5p ordinary | CFD | increasing a long position | 157 | 6.6350 GBP |
10.5p ordinary | CFD | increasing a long position | 486 | 6.6497 GBP |
10.5p ordinary | CFD | increasing a short position | 98 | 6.4900 GBP |
10.5p ordinary | CFD | increasing a short position | 112 | 6.5152 GBP |
10.5p ordinary | CFD | increasing a short position | 3,429 | 6.5169 GBP |
10.5p ordinary | CFD | increasing a short position | 2,110 | 6.5327 GBP |
10.5p ordinary | CFD | increasing a short position | 15,612 | 6.5647 GBP |
10.5p ordinary | CFD | increasing a short position | 17,518 | 6.5994 GBP |
10.5p ordinary | CFD | increasing a short position | 13,500 | 6.6036 GBP |
10.5p ordinary | CFD | increasing a short position | 77 | 6.6100 GBP |
10.5p ordinary | CFD | increasing a short position | 10,394 | 6.6100 GBP |
10.5p ordinary | CFD | increasing a short position | 4,241 | 6.6100 GBP |
10.5p ordinary | CFD | increasing a short position | 182,400 | 6.6147 GBP |
10.5p ordinary | CFD | increasing a short position | 1,750 | 6.6200 GBP |
10.5p ordinary | CFD | increasing a short position | 3,916 | 6.6429 GBP |
10.5p ordinary | CFD | reducing a long position | 86 | 6.5647 GBP |
10.5p ordinary | CFD | reducing a long position | 2,787 | 6.5963 GBP |
10.5p ordinary | CFD | reducing a long position | 30 | 6.6000 GBP |
10.5p ordinary | CFD | reducing a long position | 8,014 | 6.6429 GBP |
10.5p ordinary | CFD | reducing a short position | 3,429 | 6.5347 GBP |
10.5p ordinary | CFD | reducing a short position | 130,655 | 6.5383 GBP |
10.5p ordinary | CFD | reducing a short position | 14,280 | 6.5642 GBP |
10.5p ordinary | CFD | reducing a short position | 150,000 | 6.5831 GBP |
10.5p ordinary | CFD | reducing a short position | 65,510 | 6.5884 GBP |
10.5p ordinary | CFD | reducing a short position | 2,582 | 6.5890 GBP |
10.5p ordinary | CFD | reducing a short position | 2,110 | 6.6095 GBP |
10.5p ordinary | CFD | reducing a short position | 98 | 6.6100 GBP |
10.5p ordinary | CFD | reducing a short position | 112 | 6.6100 GBP |
10.5p ordinary | CFD | reducing a short position | 406 | 6.6155 GBP |
10.5p ordinary | CFD | reducing a short position | 1,134 | 6.6194 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 February 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.