Last checked at 20 Feb 2024 15:23
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: | 15 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 - 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 | 1,511,203 | 4.7750 GBP | 4.7270 GBP |
10p ordinary | PURCHASES | 1,382,282 | 4.7756 GBP | 4.7235 GBP |
10p ordinary | PURCHASES | 642 | 5.9874 USD | 5.9874 USD |
10p ordinary | SALES | 642 | 5.9874 USD | 5.9874 USD |
(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 | 335 | 4.7359 GBP |
10p ordinary | CFD | increasing a long position | 1,567 | 4.7372 GBP |
10p ordinary | CFD | increasing a long position | 4,651 | 4.7381 GBP |
10p ordinary | CFD | increasing a long position | 432 | 4.7389 GBP |
10p ordinary | CFD | increasing a long position | 2,368 | 4.7440 GBP |
10p ordinary | CFD | increasing a long position | 5,037 | 4.7484 GBP |
10p ordinary | CFD | increasing a long position | 2,288 | 4.7488 GBP |
10p ordinary | CFD | increasing a long position | 3,869 | 4.7490 GBP |
10p ordinary | CFD | increasing a long position | 2,135 | 4.7505 GBP |
10p ordinary | CFD | increasing a long position | 203,465 | 4.7508 GBP |
10p ordinary | CFD | increasing a long position | 604 | 4.7528 GBP |
10p ordinary | CFD | increasing a long position | 119 | 4.7528 GBP |
10p ordinary | CFD | increasing a long position | 35,145 | 4.7530 GBP |
10p ordinary | CFD | increasing a long position | 145,906 | 4.7545 GBP |
10p ordinary | CFD | increasing a long position | 3,531 | 4.7557 GBP |
10p ordinary | CFD | increasing a long position | 70,288 | 4.7563 GBP |
10p ordinary | CFD | increasing a long position | 4,521 | 4.7570 GBP |
10p ordinary | CFD | increasing a long position | 4,610 | 4.7570 GBP |
10p ordinary | CFD | increasing a long position | 20 | 4.7570 GBP |
10p ordinary | CFD | increasing a long position | 5,035 | 4.7585 GBP |
10p ordinary | CFD | increasing a long position | 583 | 4.7617 GBP |
10p ordinary | CFD | increasing a short position | 32,285 | 4.7336 GBP |
10p ordinary | CFD | increasing a short position | 55,973 | 4.7336 GBP |
10p ordinary | CFD | increasing a short position | 11,742 | 4.7336 GBP |
10p ordinary | CFD | increasing a short position | 1,759 | 4.7378 GBP |
10p ordinary | CFD | increasing a short position | 721 | 4.7429 GBP |
10p ordinary | CFD | increasing a short position | 878 | 4.7429 GBP |
10p ordinary | CFD | increasing a short position | 157 | 4.7470 GBP |
10p ordinary | CFD | increasing a short position | 9,402 | 4.7493 GBP |
10p ordinary | CFD | increasing a short position | 13 | 4.7527 GBP |
10p ordinary | CFD | increasing a short position | 3,120 | 4.7531 GBP |
10p ordinary | CFD | increasing a short position | 8,221 | 4.7559 GBP |
10p ordinary | CFD | increasing a short position | 162,498 | 4.7570 GBP |
10p ordinary | CFD | increasing a short position | 1,062 | 4.7570 GBP |
10p ordinary | CFD | increasing a short position | 2,446 | 4.7570 GBP |
10p ordinary | CFD | increasing a short position | 2,979 | 4.7570 GBP |
10p ordinary | CFD | increasing a short position | 126,060 | 4.7570 GBP |
10p ordinary | CFD | increasing a short position | 32,285 | 4.7584 GBP |
10p ordinary | CFD | increasing a short position | 11,742 | 4.7584 GBP |
10p ordinary | CFD | increasing a short position | 55,973 | 4.7584 GBP |
10p ordinary | CFD | increasing a short position | 398 | 4.7600 GBP |
10p ordinary | CFD | reducing a long position | 6,880 | 4.7380 GBP |
10p ordinary | CFD | reducing a long position | 4,651 | 4.7458 GBP |
10p ordinary | CFD | reducing a long position | 12,235 | 4.7472 GBP |
10p ordinary | CFD | reducing a long position | 4,053 | 4.7483 GBP |
10p ordinary | CFD | reducing a long position | 98,901 | 4.7497 GBP |
10p ordinary | CFD | reducing a long position | 2,838 | 4.7517 GBP |
10p ordinary | CFD | reducing a long position | 18,094 | 4.7521 GBP |
10p ordinary | CFD | reducing a long position | 46,500 | 4.7537 GBP |
10p ordinary | CFD | reducing a long position | 93,464 | 4.7555 GBP |
10p ordinary | CFD | reducing a long position | 5,042 | 4.7570 GBP |
10p ordinary | CFD | reducing a long position | 1,158 | 4.7570 GBP |
10p ordinary | CFD | reducing a long position | 335 | 4.7570 GBP |
10p ordinary | CFD | reducing a long position | 38,703 | 4.7570 GBP |
10p ordinary | CFD | reducing a long position | 58 | 4.7572 GBP |
10p ordinary | CFD | reducing a long position | 1,072 | 4.7573 GBP |
10p ordinary | CFD | reducing a long position | 51 | 4.7592 GBP |
10p ordinary | CFD | reducing a long position | 101 | 4.7600 GBP |
10p ordinary | CFD | reducing a long position | 499 | 4.7600 GBP |
10p ordinary | CFD | reducing a long position | 2,368 | 4.7600 GBP |
10p ordinary | CFD | reducing a short position | 157 | 4.7450 GBP |
10p ordinary | CFD | reducing a short position | 3,941 | 4.7457 GBP |
10p ordinary | CFD | reducing a short position | 14,744 | 4.7486 GBP |
10p ordinary | CFD | reducing a short position | 233 | 4.7487 GBP |
10p ordinary | CFD | reducing a short position | 357 | 4.7498 GBP |
10p ordinary | CFD | reducing a short position | 3,081 | 4.7498 GBP |
10p ordinary | CFD | reducing a short position | 50,811 | 4.7530 GBP |
10p ordinary | CFD | reducing a short position | 19,280 | 4.7552 GBP |
10p ordinary | CFD | reducing a short position | 10,700 | 4.7566 GBP |
10p ordinary | CFD | reducing a short position | 162,498 | 4.7570 GBP |
10p ordinary | CFD | reducing a short position | 6,365 | 4.7585 GBP |
10p ordinary | CFD | reducing a short position | 31 | 4.7613 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: | 20 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.