RNS Number : 3984W
Morgan Stanley & Co. Int'l plc
15 July 2024
 

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:

12 July 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

 

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

1,431,826

5.0110 GBP

4.9185 GBP

10p ordinary

PURCHASES

1,455,491

5.0220 GBP

4.9200 GBP

10p ordinary

PURCHASES

7,905

6.4662 USD

6.4662 USD

10p ordinary

SALES

7,905

6.4662 USD

6.4662 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

50,400

4.9510 GBP

10p ordinary

CFD

increasing a long position

22,537

4.9586 GBP

10p ordinary

CFD

increasing a long position

44,149

4.9631 GBP

10p ordinary

CFD

increasing a long position

21,160

4.9631 GBP

10p ordinary

CFD

increasing a long position

3,711

4.9711 GBP

10p ordinary

CFD

increasing a long position

21,982

4.9780 GBP

10p ordinary

CFD

increasing a long position

20,099

4.9799 GBP

10p ordinary

CFD

increasing a short position

1,582

4.9447 GBP

10p ordinary

CFD

increasing a short position

68,654

4.9558 GBP

10p ordinary

CFD

increasing a short position

34

4.9624 GBP

10p ordinary

CFD

increasing a short position

45,688

4.9698 GBP

10p ordinary

CFD

increasing a short position

165

4.9780 GBP

10p ordinary

CFD

increasing a short position

3,463

4.9780 GBP

10p ordinary

CFD

increasing a short position

389

4.9780 GBP

10p ordinary

CFD

increasing a short position

19

4.9780 GBP

10p ordinary

CFD

increasing a short position

1,402

4.9780 GBP

10p ordinary

CFD

increasing a short position

2,520

4.9780 GBP

10p ordinary

CFD

increasing a short position

2,351

4.9781 GBP

10p ordinary

CFD

increasing a short position

1

4.9800 GBP

10p ordinary

CFD

increasing a short position

25,688

4.9803 GBP

10p ordinary

CFD

increasing a short position

958

4.9808 GBP

10p ordinary

CFD

increasing a short position

502

4.9812 GBP

10p ordinary

CFD

increasing a short position

840

4.9812 GBP

10p ordinary

CFD

increasing a short position

25,880

4.9895 GBP

10p ordinary

CFD

increasing a short position

1,258

4.9934 GBP

10p ordinary

CFD

increasing a short position

1,089

5.0044 GBP

10p ordinary

CFD

increasing a short position

93

5.0181 GBP

10p ordinary

CFD

reducing a long position

48

4.9407 GBP

10p ordinary

CFD

reducing a long position

276

4.9428 GBP

10p ordinary

CFD

reducing a long position

576

4.9428 GBP

10p ordinary

CFD

reducing a long position

288,000

4.9635 GBP

10p ordinary

CFD

reducing a long position

9,895

4.9789 GBP

10p ordinary

CFD

reducing a short position

1,582

4.9472 GBP

10p ordinary

CFD

reducing a short position

730

4.9520 GBP

10p ordinary

CFD

reducing a short position

1

4.9598 GBP

10p ordinary

CFD

reducing a short position

75,184

4.9670 GBP

10p ordinary

CFD

reducing a short position

4,501

4.9676 GBP

10p ordinary

CFD

reducing a short position

287

4.9682 GBP

10p ordinary

CFD

reducing a short position

44,616

4.9698 GBP

10p ordinary

CFD

reducing a short position

37,100

4.9719 GBP

10p ordinary

CFD

reducing a short position

51,756

4.9732 GBP

10p ordinary

CFD

reducing a short position

489

4.9769 GBP

10p ordinary

CFD

reducing a short position

4,594

4.9769 GBP

10p ordinary

CFD

reducing a short position

518

4.9780 GBP

10p ordinary

CFD

reducing a short position

23,345

4.9780 GBP

10p ordinary

CFD

reducing a short position

13,505

4.9780 GBP

10p ordinary

CFD

reducing a short position

8,598

4.9802 GBP

10p ordinary

CFD

reducing a short position

24,140

4.9847 GBP

10p ordinary

CFD

reducing a short position

17,483

4.9851 GBP

10p ordinary

CFD

reducing a short position

26,757

4.9864 GBP

10p ordinary

CFD

reducing a short position

3,710

4.9867 GBP

10p ordinary

CFD

reducing a short position

14,313

4.9872 GBP

10p ordinary

CFD

reducing a short position

1,258

5.0110 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:

15 July 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.

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