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: | 05 August 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 | 1,666,185 | 5.1240 GBP | 5.0280 GBP |
| 10p ordinary | PURCHASES | 1,729,624 | 5.1260 GBP | 5.0260 GBP |
| 10p ordinary | SALES | 171,809 | 6.4958 USD | 6.4958 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 | 960 | 5.0500 GBP |
| 10p ordinary | CFD | increasing a long position | 1,128 | 5.0636 GBP |
| 10p ordinary | CFD | increasing a long position | 191 | 5.0679 GBP |
| 10p ordinary | CFD | increasing a long position | 30,551 | 5.0715 GBP |
| 10p ordinary | CFD | increasing a long position | 600 | 5.0842 GBP |
| 10p ordinary | CFD | increasing a long position | 350,000 | 5.0873 GBP |
| 10p ordinary | CFD | increasing a long position | 17,480 | 5.0895 GBP |
| 10p ordinary | CFD | increasing a long position | 40,504 | 5.0914 GBP |
| 10p ordinary | CFD | increasing a long position | 1,030 | 5.0919 GBP |
| 10p ordinary | CFD | increasing a long position | 873 | 5.0920 GBP |
| 10p ordinary | CFD | increasing a long position | 171,809 | 5.0920 GBP |
| 10p ordinary | CFD | increasing a long position | 132 | 5.0920 GBP |
| 10p ordinary | CFD | increasing a long position | 1,259 | 5.0920 GBP |
| 10p ordinary | CFD | increasing a long position | 326 | 5.0920 GBP |
| 10p ordinary | CFD | increasing a long position | 12,268 | 5.0920 GBP |
| 10p ordinary | CFD | increasing a long position | 1,398 | 5.0953 GBP |
| 10p ordinary | CFD | increasing a long position | 178,181 | 5.1059 GBP |
| 10p ordinary | CFD | increasing a long position | 9,442 | 5.1101 GBP |
| 10p ordinary | CFD | increasing a long position | 2 | 5.1200 GBP |
| 10p ordinary | CFD | increasing a short position | 82,994 | 5.0329 GBP |
| 10p ordinary | CFD | increasing a short position | 14,865 | 5.0375 GBP |
| 10p ordinary | CFD | increasing a short position | 1,975 | 5.0451 GBP |
| 10p ordinary | CFD | increasing a short position | 551 | 5.0458 GBP |
| 10p ordinary | CFD | increasing a short position | 60 | 5.0458 GBP |
| 10p ordinary | CFD | increasing a short position | 33 | 5.0458 GBP |
| 10p ordinary | CFD | increasing a short position | 159 | 5.0458 GBP |
| 10p ordinary | CFD | increasing a short position | 75 | 5.0458 GBP |
| 10p ordinary | CFD | increasing a short position | 790 | 5.0519 GBP |
| 10p ordinary | CFD | increasing a short position | 1,672 | 5.0519 GBP |
| 10p ordinary | CFD | increasing a short position | 348 | 5.0519 GBP |
| 10p ordinary | CFD | increasing a short position | 5,766 | 5.0519 GBP |
| 10p ordinary | CFD | increasing a short position | 629 | 5.0519 GBP |
| 10p ordinary | CFD | increasing a short position | 805 | 5.0528 GBP |
| 10p ordinary | CFD | increasing a short position | 448 | 5.0535 GBP |
| 10p ordinary | CFD | increasing a short position | 4,107 | 5.0535 GBP |
| 10p ordinary | CFD | increasing a short position | 248 | 5.0535 GBP |
| 10p ordinary | CFD | increasing a short position | 1,191 | 5.0535 GBP |
| 10p ordinary | CFD | increasing a short position | 563 | 5.0535 GBP |
| 10p ordinary | CFD | increasing a short position | 36,000 | 5.0540 GBP |
| 10p ordinary | CFD | increasing a short position | 72,000 | 5.0555 GBP |
| 10p ordinary | CFD | increasing a short position | 4,546 | 5.0649 GBP |
| 10p ordinary | CFD | increasing a short position | 106 | 5.0677 GBP |
| 10p ordinary | CFD | increasing a short position | 68,974 | 5.0757 GBP |
| 10p ordinary | CFD | increasing a short position | 47 | 5.0764 GBP |
| 10p ordinary | CFD | increasing a short position | 101 | 5.0764 GBP |
| 10p ordinary | CFD | increasing a short position | 21 | 5.0764 GBP |
| 10p ordinary | CFD | increasing a short position | 351 | 5.0764 GBP |
| 10p ordinary | CFD | increasing a short position | 38 | 5.0764 GBP |
| 10p ordinary | CFD | increasing a short position | 51,411 | 5.0793 GBP |
| 10p ordinary | CFD | increasing a short position | 6,778 | 5.0823 GBP |
| 10p ordinary | CFD | increasing a short position | 49,371 | 5.0823 GBP |
| 10p ordinary | CFD | increasing a short position | 14,324 | 5.0823 GBP |
| 10p ordinary | CFD | increasing a short position | 2,984 | 5.0823 GBP |
| 10p ordinary | CFD | increasing a short position | 5,391 | 5.0823 GBP |
| 10p ordinary | CFD | increasing a short position | 202,500 | 5.0853 GBP |
| 10p ordinary | CFD | increasing a short position | 217 | 5.0872 GBP |
| 10p ordinary | CFD | increasing a short position | 75 | 5.0919 GBP |
| 10p ordinary | CFD | increasing a short position | 65,102 | 5.0920 GBP |
| 10p ordinary | CFD | increasing a short position | 1,566 | 5.0920 GBP |
| 10p ordinary | CFD | increasing a short position | 24,774 | 5.0920 GBP |
| 10p ordinary | CFD | increasing a short position | 1,781 | 5.0927 GBP |
| 10p ordinary | CFD | increasing a short position | 90 | 5.0963 GBP |
| 10p ordinary | CFD | increasing a short position | 307 | 5.0964 GBP |
| 10p ordinary | CFD | increasing a short position | 4,642 | 5.1004 GBP |
| 10p ordinary | CFD | increasing a short position | 15,421 | 5.1105 GBP |
| 10p ordinary | CFD | increasing a short position | 12 | 5.1121 GBP |
| 10p ordinary | CFD | increasing a short position | 26 | 5.1121 GBP |
| 10p ordinary | CFD | increasing a short position | 5 | 5.1121 GBP |
| 10p ordinary | CFD | increasing a short position | 92 | 5.1121 GBP |
| 10p ordinary | CFD | increasing a short position | 10 | 5.1121 GBP |
| 10p ordinary | CFD | increasing a short position | 11,060 | 5.1123 GBP |
| 10p ordinary | CFD | increasing a short position | 2 | 5.1125 GBP |
| 10p ordinary | CFD | increasing a short position | 4 | 5.1125 GBP |
| 10p ordinary | CFD | increasing a short position | 1 | 5.1125 GBP |
| 10p ordinary | CFD | increasing a short position | 1 | 5.1125 GBP |
| 10p ordinary | CFD | increasing a short position | 16 | 5.1125 GBP |
| 10p ordinary | CFD | increasing a short position | 121 | 5.1138 GBP |
| 10p ordinary | CFD | increasing a short position | 57 | 5.1138 GBP |
| 10p ordinary | CFD | increasing a short position | 25 | 5.1138 GBP |
| 10p ordinary | CFD | increasing a short position | 420 | 5.1138 GBP |
| 10p ordinary | CFD | increasing a short position | 45 | 5.1138 GBP |
| 10p ordinary | CFD | increasing a short position | 311 | 5.1186 GBP |
| 10p ordinary | CFD | increasing a short position | 1,494 | 5.1186 GBP |
| 10p ordinary | CFD | increasing a short position | 562 | 5.1186 GBP |
| 10p ordinary | CFD | increasing a short position | 5,153 | 5.1186 GBP |
| 10p ordinary | CFD | increasing a short position | 706 | 5.1186 GBP |
| 10p ordinary | CFD | reducing a long position | 3 | 5.0387 GBP |
| 10p ordinary | CFD | reducing a long position | 2,142 | 5.0495 GBP |
| 10p ordinary | CFD | reducing a long position | 9,558 | 5.0649 GBP |
| 10p ordinary | CFD | reducing a long position | 1,259 | 5.0740 GBP |
| 10p ordinary | CFD | reducing a long position | 2,083 | 5.0757 GBP |
| 10p ordinary | CFD | reducing a long position | 15,322 | 5.0788 GBP |
| 10p ordinary | CFD | reducing a long position | 3,823 | 5.0849 GBP |
| 10p ordinary | CFD | reducing a long position | 23,765 | 5.0856 GBP |
| 10p ordinary | CFD | reducing a long position | 30,551 | 5.0864 GBP |
| 10p ordinary | CFD | reducing a long position | 2 | 5.0872 GBP |
| 10p ordinary | CFD | reducing a long position | 4,323 | 5.0876 GBP |
| 10p ordinary | CFD | reducing a long position | 13,393 | 5.0920 GBP |
| 10p ordinary | CFD | reducing a long position | 361 | 5.1061 GBP |
| 10p ordinary | CFD | reducing a short position | 12,859 | 5.0606 GBP |
| 10p ordinary | CFD | reducing a short position | 15,773 | 5.0881 GBP |
| 10p ordinary | CFD | reducing a short position | 68,974 | 5.0895 GBP |
| 10p ordinary | CFD | reducing a short position | 1,691 | 5.0911 GBP |
| 10p ordinary | CFD | reducing a short position | 16,046 | 5.0911 GBP |
| 10p ordinary | CFD | reducing a short position | 217 | 5.0920 GBP |
| 10p ordinary | CFD | reducing a short position | 345 | 5.0920 GBP |
| 10p ordinary | CFD | reducing a short position | 3,981 | 5.1085 GBP |
| 10p ordinary | CFD | reducing a short position | 2,411 | 5.1086 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: | 08 August 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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