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REG - Morgan Stanley & Co. Barratt Developments - Form 8.5 (EPT/RI)- Replacement of Barratt

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RNS Number : 8126D  Morgan Stanley & Co. Int'l plc  20 February 2024

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  Barratt Developments plc
 relates:

      Use a separate form for each offeror/offeree
 (c) Name of the party to the offer with which exempt principal trader is        Barratt Developments Plc
 connected:
 (d) Date dealing undertaken:                                                    14 February 2024
 (e) In addition to the company in 1(b) above, is the exempt principal trader    YES - Redrow plc
 making disclosures in respect of any other party to this offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

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  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 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                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.
 N/A                         N/A                                   N/A                                         N/A                                           N/A                      N/A                            N/A          N/A

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option
 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               Details  Price per unit (if applicable)

                             e.g. subscription, conversion
 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
(http://www.thetakeoverpanel.org.uk) .

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