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: | 08 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 | PURCHASES | 2,354,016 | 5.1860 GBP | 5.0820 GBP |
| 10p ordinary | SALES | 2,478,206 | 5.1900 GBP | 5.0860 GBP |
(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 | 1,091 | 5.1150 GBP |
| 10p ordinary | CFD | increasing a long position | 235,668 | 5.1187 GBP |
| 10p ordinary | CFD | increasing a long position | 6,417 | 5.1318 GBP |
| 10p ordinary | CFD | increasing a long position | 1,458 | 5.1319 GBP |
| 10p ordinary | CFD | increasing a long position | 9,055 | 5.1355 GBP |
| 10p ordinary | CFD | increasing a long position | 6,938 | 5.1369 GBP |
| 10p ordinary | CFD | increasing a long position | 56,696 | 5.1369 GBP |
| 10p ordinary | CFD | increasing a long position | 19,091 | 5.1369 GBP |
| 10p ordinary | CFD | increasing a long position | 66,394 | 5.1369 GBP |
| 10p ordinary | CFD | increasing a long position | 35,384 | 5.1369 GBP |
| 10p ordinary | CFD | increasing a long position | 8,783 | 5.1379 GBP |
| 10p ordinary | CFD | increasing a long position | 15,213 | 5.1379 GBP |
| 10p ordinary | CFD | increasing a long position | 3,236 | 5.1379 GBP |
| 10p ordinary | CFD | increasing a long position | 1,191 | 5.1396 GBP |
| 10p ordinary | CFD | increasing a long position | 746 | 5.1568 GBP |
| 10p ordinary | CFD | increasing a long position | 11,739 | 5.1636 GBP |
| 10p ordinary | CFD | increasing a long position | 158 | 5.1690 GBP |
| 10p ordinary | CFD | increasing a long position | 118 | 5.1700 GBP |
| 10p ordinary | CFD | increasing a long position | 3,656 | 5.1705 GBP |
| 10p ordinary | CFD | increasing a short position | 41 | 5.1120 GBP |
| 10p ordinary | CFD | increasing a short position | 60,852 | 5.1133 GBP |
| 10p ordinary | CFD | increasing a short position | 32,565 | 5.1235 GBP |
| 10p ordinary | CFD | increasing a short position | 75,754 | 5.1314 GBP |
| 10p ordinary | CFD | increasing a short position | 1,619 | 5.1359 GBP |
| 10p ordinary | CFD | increasing a short position | 47,243 | 5.1370 GBP |
| 10p ordinary | CFD | increasing a short position | 6,352 | 5.1422 GBP |
| 10p ordinary | CFD | increasing a short position | 163,700 | 5.1440 GBP |
| 10p ordinary | CFD | increasing a short position | 19,614 | 5.1505 GBP |
| 10p ordinary | CFD | increasing a short position | 79 | 5.1516 GBP |
| 10p ordinary | CFD | increasing a short position | 659 | 5.1527 GBP |
| 10p ordinary | CFD | increasing a short position | 900 | 5.1549 GBP |
| 10p ordinary | CFD | increasing a short position | 265 | 5.1661 GBP |
| 10p ordinary | CFD | increasing a short position | 5,016 | 5.1670 GBP |
| 10p ordinary | CFD | increasing a short position | 2,405 | 5.1670 GBP |
| 10p ordinary | CFD | increasing a short position | 4,525 | 5.1693 GBP |
| 10p ordinary | CFD | increasing a short position | 5,214 | 5.1698 GBP |
| 10p ordinary | CFD | increasing a short position | 8,605 | 5.1699 GBP |
| 10p ordinary | CFD | increasing a short position | 1,818 | 5.1700 GBP |
| 10p ordinary | CFD | increasing a short position | 215 | 5.1700 GBP |
| 10p ordinary | CFD | increasing a short position | 1,700 | 5.1710 GBP |
| 10p ordinary | CFD | increasing a short position | 1,388 | 5.1820 GBP |
| 10p ordinary | CFD | increasing a short position | 35 | 5.1860 GBP |
| 10p ordinary | CFD | reducing a long position | 617 | 5.0993 GBP |
| 10p ordinary | CFD | reducing a long position | 11,706 | 5.1133 GBP |
| 10p ordinary | CFD | reducing a long position | 63 | 5.1374 GBP |
| 10p ordinary | CFD | reducing a long position | 3 | 5.1394 GBP |
| 10p ordinary | CFD | reducing a long position | 2,189 | 5.1431 GBP |
| 10p ordinary | CFD | reducing a long position | 36,155 | 5.1465 GBP |
| 10p ordinary | CFD | reducing a long position | 35,217 | 5.1494 GBP |
| 10p ordinary | CFD | reducing a long position | 462 | 5.1527 GBP |
| 10p ordinary | CFD | reducing a long position | 1,931 | 5.1673 GBP |
| 10p ordinary | CFD | reducing a long position | 21,140 | 5.1700 GBP |
| 10p ordinary | CFD | reducing a long position | 2,274 | 5.1700 GBP |
| 10p ordinary | CFD | reducing a long position | 20 | 5.1700 GBP |
| 10p ordinary | CFD | reducing a long position | 13,194 | 5.1700 GBP |
| 10p ordinary | CFD | reducing a short position | 41 | 5.1199 GBP |
| 10p ordinary | CFD | reducing a short position | 32,565 | 5.1248 GBP |
| 10p ordinary | CFD | reducing a short position | 1,200 | 5.1269 GBP |
| 10p ordinary | CFD | reducing a short position | 60,852 | 5.1318 GBP |
| 10p ordinary | CFD | reducing a short position | 11,121 | 5.1379 GBP |
| 10p ordinary | CFD | reducing a short position | 10 | 5.1420 GBP |
| 10p ordinary | CFD | reducing a short position | 1,300 | 5.1482 GBP |
| 10p ordinary | CFD | reducing a short position | 9,600 | 5.1482 GBP |
| 10p ordinary | CFD | reducing a short position | 2,064 | 5.1615 GBP |
| 10p ordinary | CFD | reducing a short position | 278 | 5.1645 GBP |
| 10p ordinary | CFD | reducing a short position | 2,635 | 5.1645 GBP |
| 10p ordinary | CFD | reducing a short position | 65 | 5.1680 GBP |
| 10p ordinary | CFD | reducing a short position | 2,361 | 5.1692 GBP |
| 10p ordinary | CFD | reducing a short position | 217 | 5.1700 GBP |
| 10p ordinary | CFD | reducing a short position | 1,388 | 5.1700 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 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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