9 Feb 2024 15:25
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: | 07 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 | PURCHASES | 11,632,180 | 5.2200 GBP | 4.8500 GBP |
10p ordinary | SALES | 9,450,209 | 5.2230 GBP | 4.8190 GBP |
10p ordinary | PURCHASES | 5,489 | 6.3254 USD | 6.3254 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 | 200 | 4.8909 GBP |
10p ordinary | CFD | increasing a long position | 117 | 4.9020 GBP |
10p ordinary | CFD | increasing a long position | 3,979 | 4.9034 GBP |
10p ordinary | CFD | increasing a long position | 8,364 | 4.9050 GBP |
10p ordinary | CFD | increasing a long position | 3,688 | 4.9050 GBP |
10p ordinary | CFD | increasing a long position | 21,813 | 4.9086 GBP |
10p ordinary | CFD | increasing a long position | 6,240 | 4.9180 GBP |
10p ordinary | CFD | increasing a long position | 507 | 4.9218 GBP |
10p ordinary | CFD | increasing a long position | 7,947 | 4.9276 GBP |
10p ordinary | CFD | increasing a long position | 8,172 | 4.9276 GBP |
10p ordinary | CFD | increasing a long position | 3,186 | 4.9279 GBP |
10p ordinary | CFD | increasing a long position | 2,751 | 4.9387 GBP |
10p ordinary | CFD | increasing a long position | 328 | 4.9535 GBP |
10p ordinary | CFD | increasing a long position | 8,325 | 4.9541 GBP |
10p ordinary | CFD | increasing a long position | 8,638 | 4.9542 GBP |
10p ordinary | CFD | increasing a long position | 7,398 | 4.9601 GBP |
10p ordinary | CFD | increasing a long position | 2,106,571 | 4.9630 GBP |
10p ordinary | CFD | increasing a long position | 361,506 | 4.9630 GBP |
10p ordinary | CFD | increasing a long position | 431,923 | 4.9630 GBP |
10p ordinary | CFD | increasing a long position | 71,483 | 4.9662 GBP |
10p ordinary | CFD | increasing a long position | 902 | 4.9673 GBP |
10p ordinary | CFD | increasing a long position | 21,600 | 4.9742 GBP |
10p ordinary | CFD | increasing a long position | 662,400 | 4.9836 GBP |
10p ordinary | CFD | increasing a long position | 28,954 | 5.0054 GBP |
10p ordinary | CFD | increasing a long position | 53,007 | 5.0100 GBP |
10p ordinary | CFD | increasing a long position | 22 | 5.0100 GBP |
10p ordinary | CFD | increasing a long position | 189 | 5.0100 GBP |
10p ordinary | CFD | increasing a long position | 883 | 5.0100 GBP |
10p ordinary | CFD | increasing a long position | 7,951 | 5.0100 GBP |
10p ordinary | CFD | increasing a long position | 35,337 | 5.0100 GBP |
10p ordinary | CFD | increasing a long position | 46,822 | 5.0100 GBP |
10p ordinary | CFD | increasing a long position | 2,312 | 5.0100 GBP |
10p ordinary | CFD | increasing a long position | 3,410 | 5.0116 GBP |
10p ordinary | CFD | increasing a long position | 87,044 | 5.0126 GBP |
10p ordinary | CFD | increasing a long position | 48,446 | 5.0258 GBP |
10p ordinary | CFD | increasing a long position | 333 | 5.0996 GBP |
10p ordinary | CFD | increasing a long position | 18 | 5.0996 GBP |
10p ordinary | CFD | increasing a long position | 102 | 5.0996 GBP |
10p ordinary | CFD | increasing a long position | 93 | 5.0996 GBP |
10p ordinary | CFD | increasing a long position | 8 | 5.1010 GBP |
10p ordinary | CFD | increasing a long position | 42 | 5.1010 GBP |
10p ordinary | CFD | increasing a long position | 153 | 5.1010 GBP |
10p ordinary | CFD | increasing a long position | 46 | 5.1010 GBP |
10p ordinary | CFD | increasing a long position | 15,890 | 5.1041 GBP |
10p ordinary | CFD | increasing a long position | 896 | 5.1041 GBP |
10p ordinary | CFD | increasing a long position | 4,885 | 5.1041 GBP |
10p ordinary | CFD | increasing a long position | 4,437 | 5.1041 GBP |
10p ordinary | CFD | increasing a long position | 37,362 | 5.2044 GBP |
10p ordinary | CFD | increasing a short position | 7,433 | 4.8763 GBP |
10p ordinary | CFD | increasing a short position | 308,439 | 4.8876 GBP |
10p ordinary | CFD | increasing a short position | 48,444 | 4.8878 GBP |
10p ordinary | CFD | increasing a short position | 4,520 | 4.8962 GBP |
10p ordinary | CFD | increasing a short position | 36,739 | 4.9127 GBP |
10p ordinary | CFD | increasing a short position | 68,709 | 4.9279 GBP |
10p ordinary | CFD | increasing a short position | 2 | 4.9291 GBP |
10p ordinary | CFD | increasing a short position | 3,900 | 4.9302 GBP |
10p ordinary | CFD | increasing a short position | 42,654 | 4.9356 GBP |
10p ordinary | CFD | increasing a short position | 577,774 | 4.9380 GBP |
10p ordinary | CFD | increasing a short position | 18,934 | 4.9386 GBP |
10p ordinary | CFD | increasing a short position | 80,798 | 4.9390 GBP |
10p ordinary | CFD | increasing a short position | 28,830 | 4.9400 GBP |
10p ordinary | CFD | increasing a short position | 1,513 | 4.9427 GBP |
10p ordinary | CFD | increasing a short position | 36 | 4.9471 GBP |
10p ordinary | CFD | increasing a short position | 83,000 | 4.9478 GBP |
10p ordinary | CFD | increasing a short position | 25,448 | 4.9478 GBP |
10p ordinary | CFD | increasing a short position | 14,741 | 4.9478 GBP |
10p ordinary | CFD | increasing a short position | 29,024 | 4.9527 GBP |
10p ordinary | CFD | increasing a short position | 361,506 | 4.9630 GBP |
10p ordinary | CFD | increasing a short position | 2,106,571 | 4.9630 GBP |
10p ordinary | CFD | increasing a short position | 431,923 | 4.9630 GBP |
10p ordinary | CFD | increasing a short position | 69,024 | 4.9724 GBP |
10p ordinary | CFD | increasing a short position | 21,808 | 4.9745 GBP |
10p ordinary | CFD | increasing a short position | 86,620 | 4.9745 GBP |
10p ordinary | CFD | increasing a short position | 58,060 | 4.9745 GBP |
10p ordinary | CFD | increasing a short position | 63,411 | 4.9745 GBP |
10p ordinary | CFD | increasing a short position | 82,737 | 4.9745 GBP |
10p ordinary | CFD | increasing a short position | 680 | 4.9828 GBP |
10p ordinary | CFD | increasing a short position | 1,670,768 | 4.9828 GBP |
10p ordinary | CFD | increasing a short position | 428,531 | 4.9936 GBP |
10p ordinary | CFD | increasing a short position | 27,668 | 4.9977 GBP |
10p ordinary | CFD | increasing a short position | 69,259 | 5.0070 GBP |
10p ordinary | CFD | increasing a short position | 30,538 | 5.0070 GBP |
10p ordinary | CFD | increasing a short position | 82,390 | 5.0084 GBP |
10p ordinary | CFD | increasing a short position | 17,701 | 5.0101 GBP |
10p ordinary | CFD | increasing a short position | 170 | 5.0135 GBP |
10p ordinary | CFD | increasing a short position | 5,681 | 5.0283 GBP |
10p ordinary | CFD | increasing a short position | 1,694 | 5.0433 GBP |
10p ordinary | CFD | increasing a short position | 501 | 5.0780 GBP |
10p ordinary | CFD | increasing a short position | 86 | 5.2200 GBP |
10p ordinary | CFD | reducing a long position | 3,246 | 4.8740 GBP |
10p ordinary | CFD | reducing a long position | 95,939 | 4.9058 GBP |
10p ordinary | CFD | reducing a long position | 19,211 | 4.9122 GBP |
10p ordinary | CFD | reducing a long position | 28,954 | 4.9316 GBP |
10p ordinary | CFD | reducing a long position | 7,236 | 4.9379 GBP |
10p ordinary | CFD | reducing a long position | 37,362 | 4.9527 GBP |
10p ordinary | CFD | reducing a long position | 2,372 | 4.9573 GBP |
10p ordinary | CFD | reducing a long position | 133,900 | 4.9645 GBP |
10p ordinary | CFD | reducing a long position | 401,160 | 4.9766 GBP |
10p ordinary | CFD | reducing a long position | 706 | 4.9914 GBP |
10p ordinary | CFD | reducing a long position | 9,125 | 5.0024 GBP |
10p ordinary | CFD | reducing a long position | 8,364 | 5.0070 GBP |
10p ordinary | CFD | reducing a long position | 3,688 | 5.0070 GBP |
10p ordinary | CFD | reducing a long position | 18,568 | 5.0084 GBP |
10p ordinary | CFD | reducing a long position | 11,621 | 5.0100 GBP |
10p ordinary | CFD | reducing a long position | 1,927 | 5.0100 GBP |
10p ordinary | CFD | reducing a long position | 3,562 | 5.0100 GBP |
10p ordinary | CFD | reducing a long position | 2,957 | 5.0100 GBP |
10p ordinary | CFD | reducing a long position | 87,400 | 5.0100 GBP |
10p ordinary | CFD | reducing a long position | 1,263 | 5.0100 GBP |
10p ordinary | CFD | reducing a long position | 48,446 | 5.0236 GBP |
10p ordinary | CFD | reducing a long position | 227 | 5.0433 GBP |
10p ordinary | CFD | reducing a long position | 366 | 5.2200 GBP |
10p ordinary | CFD | reducing a short position | 752 | 4.8978 GBP |
10p ordinary | CFD | reducing a short position | 928 | 4.9041 GBP |
10p ordinary | CFD | reducing a short position | 1,183 | 4.9050 GBP |
10p ordinary | CFD | reducing a short position | 2,683 | 4.9050 GBP |
10p ordinary | CFD | reducing a short position | 2,093 | 4.9223 GBP |
10p ordinary | CFD | reducing a short position | 3,360 | 4.9291 GBP |
10p ordinary | CFD | reducing a short position | 271,400 | 4.9489 GBP |
10p ordinary | CFD | reducing a short position | 709 | 4.9516 GBP |
10p ordinary | CFD | reducing a short position | 38 | 4.9628 GBP |
10p ordinary | CFD | reducing a short position | 267 | 4.9762 GBP |
10p ordinary | CFD | reducing a short position | 42,458 | 4.9935 GBP |
10p ordinary | CFD | reducing a short position | 22,899 | 5.0002 GBP |
10p ordinary | CFD | reducing a short position | 30,931 | 5.0027 GBP |
10p ordinary | CFD | reducing a short position | 7,817 | 5.0052 GBP |
10p ordinary | CFD | reducing a short position | 169,916 | 5.0070 GBP |
10p ordinary | CFD | reducing a short position | 18,435 | 5.0091 GBP |
10p ordinary | CFD | reducing a short position | 186,862 | 5.0096 GBP |
10p ordinary | CFD | reducing a short position | 227 | 5.0099 GBP |
10p ordinary | CFD | reducing a short position | 1,717 | 5.0100 GBP |
10p ordinary | CFD | reducing a short position | 152,721 | 5.0100 GBP |
10p ordinary | CFD | reducing a short position | 12,877 | 5.0100 GBP |
10p ordinary | CFD | reducing a short position | 99 | 5.0100 GBP |
10p ordinary | CFD | reducing a short position | 501 | 5.0160 GBP |
10p ordinary | CFD | reducing a short position | 6,190 | 5.0199 GBP |
10p ordinary | CFD | reducing a short position | 5,681 | 5.0225 GBP |
10p ordinary | CFD | reducing a short position | 19,639 | 5.0612 GBP |
10p ordinary | CFD | reducing a short position | 69,774 | 5.1040 GBP |
10p ordinary | CFD | reducing a short position | 941 | 5.1208 GBP |
10p ordinary | CFD | reducing a short position | 109 | 5.1208 GBP |
10p ordinary | CFD | reducing a short position | 11,652 | 5.1896 GBP |
10p ordinary | CFD | reducing a short position | 31,804 | 5.2142 GBP |
10p ordinary | CFD | reducing a short position | 37,881 | 5.2203 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: | 09 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.
Barratt Developments (BDEV)