Last checked at 20 Feb 2024 15:21
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: | 14 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 | 2,095,367 | 4.7920 GBP | 4.6820 GBP |
10p ordinary | PURCHASES | 1,506,556 | 4.7980 GBP | 4.6820 GBP |
10p ordinary | PURCHASES | 8,083 | 5.5450 EUR | 5.5450 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 | 107,745 | 4.6820 GBP |
10p ordinary | CFD | increasing a long position | 15 | 4.6820 GBP |
10p ordinary | CFD | increasing a long position | 101 | 4.6820 GBP |
10p ordinary | CFD | increasing a long position | 487 | 4.6820 GBP |
10p ordinary | CFD | increasing a long position | 277 | 4.7127 GBP |
10p ordinary | CFD | increasing a long position | 158 | 4.7140 GBP |
10p ordinary | CFD | increasing a long position | 1,676 | 4.7286 GBP |
10p ordinary | CFD | increasing a long position | 26,570 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 186 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 19,259 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 780 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 5,524 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 67,045 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 2,423 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 9,162 | 4.7360 GBP |
10p ordinary | CFD | increasing a long position | 9,243 | 4.7385 GBP |
10p ordinary | CFD | increasing a long position | 53 | 4.7407 GBP |
10p ordinary | CFD | increasing a long position | 28,190 | 4.7442 GBP |
10p ordinary | CFD | increasing a long position | 96,307 | 4.7461 GBP |
10p ordinary | CFD | increasing a long position | 21,215 | 4.7463 GBP |
10p ordinary | CFD | increasing a long position | 21 | 4.7467 GBP |
10p ordinary | CFD | increasing a long position | 8,301 | 4.7486 GBP |
10p ordinary | CFD | increasing a long position | 3,869 | 4.7503 GBP |
10p ordinary | CFD | increasing a long position | 585 | 4.7515 GBP |
10p ordinary | CFD | increasing a long position | 1,614 | 4.7524 GBP |
10p ordinary | CFD | increasing a long position | 1,700 | 4.7574 GBP |
10p ordinary | CFD | increasing a long position | 3,846 | 4.7583 GBP |
10p ordinary | CFD | increasing a long position | 2,568 | 4.7597 GBP |
10p ordinary | CFD | increasing a long position | 6,282 | 4.7604 GBP |
10p ordinary | CFD | increasing a long position | 2,503 | 4.7610 GBP |
10p ordinary | CFD | increasing a long position | 10,557 | 4.7614 GBP |
10p ordinary | CFD | increasing a long position | 1,617 | 4.7630 GBP |
10p ordinary | CFD | increasing a long position | 6,956 | 4.7646 GBP |
10p ordinary | CFD | increasing a long position | 5,662 | 4.7648 GBP |
10p ordinary | CFD | increasing a long position | 31,992 | 4.7676 GBP |
10p ordinary | CFD | increasing a long position | 815 | 4.7676 GBP |
10p ordinary | CFD | increasing a long position | 7,591 | 4.7676 GBP |
10p ordinary | CFD | increasing a long position | 52,171 | 4.7676 GBP |
10p ordinary | CFD | increasing a long position | 51,431 | 4.7676 GBP |
10p ordinary | CFD | increasing a long position | 714 | 4.7690 GBP |
10p ordinary | CFD | increasing a long position | 22,785 | 4.7698 GBP |
10p ordinary | CFD | increasing a long position | 4,606 | 4.7710 GBP |
10p ordinary | CFD | increasing a long position | 160 | 4.7715 GBP |
10p ordinary | CFD | increasing a long position | 807 | 4.7715 GBP |
10p ordinary | CFD | increasing a long position | 7,152 | 4.7727 GBP |
10p ordinary | CFD | increasing a long position | 18,772 | 4.7742 GBP |
10p ordinary | CFD | increasing a long position | 1 | 4.7750 GBP |
10p ordinary | CFD | increasing a long position | 51,431 | 4.7826 GBP |
10p ordinary | CFD | increasing a long position | 31,992 | 4.7826 GBP |
10p ordinary | CFD | increasing a long position | 52,171 | 4.7826 GBP |
10p ordinary | CFD | increasing a long position | 815 | 4.7826 GBP |
10p ordinary | CFD | increasing a long position | 7,591 | 4.7826 GBP |
10p ordinary | CFD | increasing a short position | 1,449 | 4.6820 GBP |
10p ordinary | CFD | increasing a short position | 135 | 4.7167 GBP |
10p ordinary | CFD | increasing a short position | 369 | 4.7167 GBP |
10p ordinary | CFD | increasing a short position | 640 | 4.7167 GBP |
10p ordinary | CFD | increasing a short position | 8,083 | 4.7388 GBP |
10p ordinary | CFD | increasing a short position | 5,931 | 4.7501 GBP |
10p ordinary | CFD | increasing a short position | 6,600 | 4.7607 GBP |
10p ordinary | CFD | increasing a short position | 19,566 | 4.7624 GBP |
10p ordinary | CFD | increasing a short position | 10,287 | 4.7637 GBP |
10p ordinary | CFD | increasing a short position | 34,212 | 4.7659 GBP |
10p ordinary | CFD | increasing a short position | 32,638 | 4.7666 GBP |
10p ordinary | CFD | increasing a short position | 44,879 | 4.7683 GBP |
10p ordinary | CFD | increasing a short position | 21,920 | 4.7707 GBP |
10p ordinary | CFD | increasing a short position | 9,432 | 4.7795 GBP |
10p ordinary | CFD | increasing a short position | 5,820 | 4.7831 GBP |
10p ordinary | CFD | increasing a short position | 190 | 4.7867 GBP |
10p ordinary | CFD | reducing a long position | 158 | 4.7210 GBP |
10p ordinary | CFD | reducing a long position | 1,676 | 4.7331 GBP |
10p ordinary | CFD | reducing a long position | 15 | 4.7360 GBP |
10p ordinary | CFD | reducing a long position | 17 | 4.7360 GBP |
10p ordinary | CFD | reducing a long position | 75,873 | 4.7360 GBP |
10p ordinary | CFD | reducing a long position | 1,221 | 4.7361 GBP |
10p ordinary | CFD | reducing a long position | 17,386 | 4.7386 GBP |
10p ordinary | CFD | reducing a long position | 9,443 | 4.7417 GBP |
10p ordinary | CFD | reducing a long position | 3,631 | 4.7445 GBP |
10p ordinary | CFD | reducing a long position | 4,516 | 4.7484 GBP |
10p ordinary | CFD | reducing a long position | 1,221 | 4.7490 GBP |
10p ordinary | CFD | reducing a long position | 39,700 | 4.7516 GBP |
10p ordinary | CFD | reducing a long position | 41,418 | 4.7528 GBP |
10p ordinary | CFD | reducing a long position | 21,600 | 4.7528 GBP |
10p ordinary | CFD | reducing a long position | 19,363 | 4.7540 GBP |
10p ordinary | CFD | reducing a long position | 57,311 | 4.7541 GBP |
10p ordinary | CFD | reducing a long position | 17,702 | 4.7663 GBP |
10p ordinary | CFD | reducing a long position | 1 | 4.7750 GBP |
10p ordinary | CFD | reducing a long position | 79 | 4.7780 GBP |
10p ordinary | CFD | reducing a short position | 10,400 | 4.7356 GBP |
10p ordinary | CFD | reducing a short position | 10,527 | 4.7437 GBP |
10p ordinary | CFD | reducing a short position | 223 | 4.7480 GBP |
10p ordinary | CFD | reducing a short position | 271 | 4.7480 GBP |
10p ordinary | CFD | reducing a short position | 97 | 4.7484 GBP |
10p ordinary | CFD | reducing a short position | 246,689 | 4.7492 GBP |
10p ordinary | CFD | reducing a short position | 8,639 | 4.7499 GBP |
10p ordinary | CFD | reducing a short position | 1,002 | 4.7499 GBP |
10p ordinary | CFD | reducing a short position | 20,172 | 4.7517 GBP |
10p ordinary | CFD | reducing a short position | 511 | 4.7571 GBP |
10p ordinary | CFD | reducing a short position | 19,659 | 4.7580 GBP |
10p ordinary | CFD | reducing a short position | 11,890 | 4.7616 GBP |
10p ordinary | CFD | reducing a short position | 5,243 | 4.7616 GBP |
10p ordinary | CFD | reducing a short position | 40,386 | 4.7640 GBP |
10p ordinary | CFD | reducing a short position | 3,173 | 4.7717 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.