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: | 14 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 | 2,059,785 | 5.4921 GBP | 5.3431 GBP |
| 10p ordinary | SALES | 2,896,937 | 5.4923 GBP | 5.3540 GBP |
| 10p ordinary | SALES | 3,219 | 6.3812 EUR | 6.3812 EUR |
(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 | 149 | 5.3559 GBP |
| 10p ordinary | CFD | increasing a long position | 3,355 | 5.3761 GBP |
| 10p ordinary | CFD | increasing a long position | 7,338 | 5.3880 GBP |
| 10p ordinary | CFD | increasing a long position | 4,205 | 5.3980 GBP |
| 10p ordinary | CFD | increasing a long position | 115,200 | 5.3980 GBP |
| 10p ordinary | CFD | increasing a long position | 44,640 | 5.4008 GBP |
| 10p ordinary | CFD | increasing a long position | 793 | 5.4011 GBP |
| 10p ordinary | CFD | increasing a long position | 99,360 | 5.4117 GBP |
| 10p ordinary | CFD | increasing a long position | 21 | 5.4127 GBP |
| 10p ordinary | CFD | increasing a long position | 14,720 | 5.4205 GBP |
| 10p ordinary | CFD | increasing a long position | 36,000 | 5.4209 GBP |
| 10p ordinary | CFD | increasing a long position | 36,000 | 5.4243 GBP |
| 10p ordinary | CFD | increasing a long position | 793 | 5.4249 GBP |
| 10p ordinary | CFD | increasing a long position | 65,173 | 5.4287 GBP |
| 10p ordinary | CFD | increasing a long position | 120,792 | 5.4287 GBP |
| 10p ordinary | CFD | increasing a long position | 193,547 | 5.4287 GBP |
| 10p ordinary | CFD | increasing a long position | 226,658 | 5.4287 GBP |
| 10p ordinary | CFD | increasing a long position | 374,400 | 5.4287 GBP |
| 10p ordinary | CFD | increasing a long position | 23,685 | 5.4287 GBP |
| 10p ordinary | CFD | increasing a long position | 72,000 | 5.4296 GBP |
| 10p ordinary | CFD | increasing a long position | 13,277 | 5.4298 GBP |
| 10p ordinary | CFD | increasing a long position | 4,689 | 5.4298 GBP |
| 10p ordinary | CFD | increasing a long position | 22,980 | 5.4298 GBP |
| 10p ordinary | CFD | increasing a long position | 192,960 | 5.4375 GBP |
| 10p ordinary | CFD | increasing a long position | 23 | 5.4418 GBP |
| 10p ordinary | CFD | increasing a long position | 5,868 | 5.4761 GBP |
| 10p ordinary | CFD | increasing a long position | 3,219 | 5.4772 GBP |
| 10p ordinary | CFD | increasing a long position | 7,976 | 5.4920 GBP |
| 10p ordinary | CFD | increasing a short position | 9 | 5.3431 GBP |
| 10p ordinary | CFD | increasing a short position | 4,104 | 5.3440 GBP |
| 10p ordinary | CFD | increasing a short position | 487 | 5.3476 GBP |
| 10p ordinary | CFD | increasing a short position | 1,682 | 5.3490 GBP |
| 10p ordinary | CFD | increasing a short position | 1,447 | 5.3492 GBP |
| 10p ordinary | CFD | increasing a short position | 1,128 | 5.3509 GBP |
| 10p ordinary | CFD | increasing a short position | 135 | 5.3701 GBP |
| 10p ordinary | CFD | increasing a short position | 941 | 5.4011 GBP |
| 10p ordinary | CFD | increasing a short position | 13 | 5.4059 GBP |
| 10p ordinary | CFD | increasing a short position | 7 | 5.4067 GBP |
| 10p ordinary | CFD | increasing a short position | 7,564 | 5.4074 GBP |
| 10p ordinary | CFD | increasing a short position | 6,452 | 5.4111 GBP |
| 10p ordinary | CFD | increasing a short position | 888 | 5.4124 GBP |
| 10p ordinary | CFD | increasing a short position | 204 | 5.4125 GBP |
| 10p ordinary | CFD | increasing a short position | 423 | 5.4126 GBP |
| 10p ordinary | CFD | increasing a short position | 22,672 | 5.4129 GBP |
| 10p ordinary | CFD | increasing a short position | 312 | 5.4194 GBP |
| 10p ordinary | CFD | increasing a short position | 768 | 5.4263 GBP |
| 10p ordinary | CFD | increasing a short position | 5,090 | 5.4351 GBP |
| 10p ordinary | CFD | increasing a short position | 16,965 | 5.4352 GBP |
| 10p ordinary | CFD | increasing a short position | 40,066 | 5.4422 GBP |
| 10p ordinary | CFD | increasing a short position | 4,223 | 5.4422 GBP |
| 10p ordinary | CFD | increasing a short position | 2,500 | 5.4440 GBP |
| 10p ordinary | CFD | increasing a short position | 1 | 5.4480 GBP |
| 10p ordinary | CFD | increasing a short position | 1,232 | 5.4543 GBP |
| 10p ordinary | CFD | increasing a short position | 23,180 | 5.4559 GBP |
| 10p ordinary | CFD | increasing a short position | 5,582 | 5.4920 GBP |
| 10p ordinary | CFD | increasing a short position | 195 | 5.4920 GBP |
| 10p ordinary | CFD | increasing a short position | 8,612 | 5.4920 GBP |
| 10p ordinary | CFD | increasing a short position | 2,341 | 5.4921 GBP |
| 10p ordinary | CFD | reducing a long position | 4,205 | 5.3909 GBP |
| 10p ordinary | CFD | reducing a long position | 7,338 | 5.3933 GBP |
| 10p ordinary | CFD | reducing a long position | 377 | 5.4413 GBP |
| 10p ordinary | CFD | reducing a long position | 28,285 | 5.4433 GBP |
| 10p ordinary | CFD | reducing a long position | 934 | 5.4581 GBP |
| 10p ordinary | CFD | reducing a long position | 76,254 | 5.4761 GBP |
| 10p ordinary | CFD | reducing a long position | 149 | 5.4920 GBP |
| 10p ordinary | CFD | reducing a long position | 856 | 5.4920 GBP |
| 10p ordinary | CFD | reducing a long position | 43 | 5.4920 GBP |
| 10p ordinary | CFD | reducing a long position | 8,813 | 5.4920 GBP |
| 10p ordinary | CFD | reducing a long position | 2,421 | 5.4920 GBP |
| 10p ordinary | CFD | reducing a short position | 20,000 | 5.3540 GBP |
| 10p ordinary | CFD | reducing a short position | 785 | 5.3645 GBP |
| 10p ordinary | CFD | reducing a short position | 7 | 5.3761 GBP |
| 10p ordinary | CFD | reducing a short position | 10,855 | 5.4008 GBP |
| 10p ordinary | CFD | reducing a short position | 628 | 5.4092 GBP |
| 10p ordinary | CFD | reducing a short position | 3,036 | 5.4116 GBP |
| 10p ordinary | CFD | reducing a short position | 37,132 | 5.4205 GBP |
| 10p ordinary | CFD | reducing a short position | 118,457 | 5.4263 GBP |
| 10p ordinary | CFD | reducing a short position | 32,075 | 5.4263 GBP |
| 10p ordinary | CFD | reducing a short position | 17,111 | 5.4298 GBP |
| 10p ordinary | CFD | reducing a short position | 44 | 5.4400 GBP |
| 10p ordinary | CFD | reducing a short position | 2,191 | 5.4439 GBP |
| 10p ordinary | CFD | reducing a short position | 23,700 | 5.4505 GBP |
| 10p ordinary | CFD | reducing a short position | 39 | 5.4526 GBP |
| 10p ordinary | CFD | reducing a short position | 2,830 | 5.4579 GBP |
| 10p ordinary | CFD | reducing a short position | 13,061 | 5.4891 GBP |
| 10p ordinary | CFD | reducing a short position | 7,913 | 5.4892 GBP |
| 10p ordinary | CFD | reducing a short position | 834 | 5.4912 GBP |
| 10p ordinary | CFD | reducing a short position | 32 | 5.4917 GBP |
| 10p ordinary | CFD | reducing a short position | 3,456 | 5.4920 GBP |
| 10p ordinary | CFD | reducing a short position | 687 | 5.4920 GBP |
| 10p ordinary | CFD | reducing a short position | 129 | 5.4920 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 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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