Form 8.5 (EPT/RI)-Replacement of Barratt

Morgan Stanley & Co. Int'l plc

27 March 2024

 

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:	22 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	1,275,695	4.7900 GBP	4.7240 GBP
10p ordinary	SALES	1,151,021	4.7910 GBP	4.7347 GBP
10p ordinary	PURCHASES	16,080	5.5348 EUR	5.5348 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	5,166	4.7426 GBP
10p ordinary	CFD	increasing a long position	193	4.7450 GBP
10p ordinary	CFD	increasing a long position	1,709	4.7450 GBP
10p ordinary	CFD	increasing a long position	16,204	4.7450 GBP
10p ordinary	CFD	increasing a long position	4,287	4.7477 GBP
10p ordinary	CFD	increasing a long position	33,274	4.7591 GBP
10p ordinary	CFD	increasing a long position	3,098	4.7634 GBP
10p ordinary	CFD	increasing a long position	7,706	4.7654 GBP
10p ordinary	CFD	increasing a long position	2,775	4.7711 GBP
10p ordinary	CFD	increasing a long position	705	4.7722 GBP
10p ordinary	CFD	increasing a long position	6,841	4.7731 GBP
10p ordinary	CFD	increasing a long position	28,388	4.7735 GBP
10p ordinary	CFD	increasing a long position	2,359	4.7815 GBP
10p ordinary	CFD	increasing a long position	175	4.7880 GBP
10p ordinary	CFD	increasing a short position	119,995	4.7279 GBP
10p ordinary	CFD	increasing a short position	378	4.7423 GBP
10p ordinary	CFD	increasing a short position	27	4.7423 GBP
10p ordinary	CFD	increasing a short position	1,459	4.7434 GBP
10p ordinary	CFD	increasing a short position	649	4.7434 GBP
10p ordinary	CFD	increasing a short position	1,025	4.7450 GBP
10p ordinary	CFD	increasing a short position	1,441	4.7450 GBP
10p ordinary	CFD	increasing a short position	5,892	4.7450 GBP
10p ordinary	CFD	increasing a short position	1,619	4.7469 GBP
10p ordinary	CFD	increasing a short position	4,451	4.7469 GBP
10p ordinary	CFD	increasing a short position	2,462	4.7482 GBP
10p ordinary	CFD	increasing a short position	16,080	4.7483 GBP
10p ordinary	CFD	increasing a short position	19,521	4.7507 GBP
10p ordinary	CFD	increasing a short position	37,250	4.7526 GBP
10p ordinary	CFD	increasing a short position	9,022	4.7530 GBP
10p ordinary	CFD	increasing a short position	225	4.7540 GBP
10p ordinary	CFD	increasing a short position	5,301	4.7555 GBP
10p ordinary	CFD	increasing a short position	50	4.7564 GBP
10p ordinary	CFD	increasing a short position	131,851	4.7583 GBP
10p ordinary	CFD	increasing a short position	4,441	4.7610 GBP
10p ordinary	CFD	increasing a short position	510	4.7610 GBP
10p ordinary	CFD	increasing a short position	173,800	4.7614 GBP
10p ordinary	CFD	increasing a short position	665	4.7644 GBP
10p ordinary	CFD	increasing a short position	10,717	4.7692 GBP
10p ordinary	CFD	reducing a long position	5,166	4.7426 GBP
10p ordinary	CFD	reducing a long position	2,414	4.7450 GBP
10p ordinary	CFD	reducing a long position	175	4.7451 GBP
10p ordinary	CFD	reducing a long position	16,710	4.7602 GBP
10p ordinary	CFD	reducing a long position	27,494	4.7605 GBP
10p ordinary	CFD	reducing a long position	3,940	4.7610 GBP
10p ordinary	CFD	reducing a long position	4,287	4.7611 GBP
10p ordinary	CFD	reducing a long position	122	4.7618 GBP
10p ordinary	CFD	reducing a long position	372	4.7625 GBP
10p ordinary	CFD	reducing a long position	6,841	4.7646 GBP
10p ordinary	CFD	reducing a long position	284	4.7650 GBP
10p ordinary	CFD	reducing a short position	5,166	4.7426 GBP
10p ordinary	CFD	reducing a short position	297	4.7450 GBP
10p ordinary	CFD	reducing a short position	117,671	4.7450 GBP
10p ordinary	CFD	reducing a short position	7,443	4.7504 GBP
10p ordinary	CFD	reducing a short position	71,862	4.7504 GBP
10p ordinary	CFD	reducing a short position	4,094	4.7504 GBP
10p ordinary	CFD	reducing a short position	20,050	4.7504 GBP
10p ordinary	CFD	reducing a short position	8	4.7555 GBP
10p ordinary	CFD	reducing a short position	11,087	4.7585 GBP
10p ordinary	CFD	reducing a short position	19,073	4.7585 GBP
10p ordinary	CFD	reducing a short position	54,000	4.7585 GBP
10p ordinary	CFD	reducing a short position	17,920	4.7631 GBP
10p ordinary	CFD	reducing a short position	59	4.7648 GBP
10p ordinary	CFD	reducing a short position	3,055	4.7665 GBP
10p ordinary	CFD	reducing a short position	20,703	4.7684 GBP
10p ordinary	CFD	reducing a short position	1,215	4.7689 GBP
10p ordinary	CFD	reducing a short position	19,211	4.7738 GBP
10p ordinary	CFD	reducing a short position	18,518	4.7750 GBP
10p ordinary	CFD	reducing a short position	994	4.7799 GBP
10p ordinary	CFD	reducing a short position	12,123	4.7808 GBP
10p ordinary	CFD	reducing a short position	175	4.7839 GBP
10p ordinary	CFD	reducing a short position	484	4.7863 GBP
10p ordinary	CFD	reducing a short position	1,088	4.7863 GBP
10p ordinary	CFD	reducing a short position	359	4.7880 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:	27 March 2024
Contact name:	Craig Horsley
Telephone number:	[phone]

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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END