RNS Number : 1632U
Morgan Stanley & Co. Int'l plc
27 June 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:

26 June 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

PURCHASES

699,372

4.7840 GBP

4.6865 GBP

10p ordinary

SALES

1,452,463

4.7840 GBP

4.6905 GBP

10p ordinary

SALES

6,011

5.5669 EUR

5.5669 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

144,000

4.6990 GBP

10p ordinary

CFD

increasing a long position

13,490

4.7007 GBP

10p ordinary

CFD

increasing a long position

18

4.7060 GBP

10p ordinary

CFD

increasing a long position

9,352

4.7148 GBP

10p ordinary

CFD

increasing a long position

515

4.7176 GBP

10p ordinary

CFD

increasing a long position

2,756

4.7180 GBP

10p ordinary

CFD

increasing a long position

347

4.7180 GBP

10p ordinary

CFD

increasing a long position

40,177

4.7216 GBP

10p ordinary

CFD

increasing a long position

23,668

4.7262 GBP

10p ordinary

CFD

increasing a long position

837

4.7344 GBP

10p ordinary

CFD

increasing a long position

84

4.7427 GBP

10p ordinary

CFD

increasing a long position

360,000

4.7616 GBP

10p ordinary

CFD

increasing a long position

301

4.7700 GBP

10p ordinary

CFD

increasing a short position

1,697

4.6941 GBP

10p ordinary

CFD

increasing a short position

945

4.6941 GBP

10p ordinary

CFD

increasing a short position

344

4.6941 GBP

10p ordinary

CFD

increasing a short position

2

4.7080 GBP

10p ordinary

CFD

increasing a short position

1,100

4.7111 GBP

10p ordinary

CFD

increasing a short position

10,486

4.7135 GBP

10p ordinary

CFD

increasing a short position

193

4.7152 GBP

10p ordinary

CFD

increasing a short position

2,809

4.7158 GBP

10p ordinary

CFD

increasing a short position

269

4.7167 GBP

10p ordinary

CFD

increasing a short position

24,963

4.7175 GBP

10p ordinary

CFD

increasing a short position

5,762

4.7180 GBP

10p ordinary

CFD

increasing a short position

1,189

4.7180 GBP

10p ordinary

CFD

increasing a short position

19,864

4.7180 GBP

10p ordinary

CFD

increasing a short position

6

4.7180 GBP

10p ordinary

CFD

increasing a short position

10,485

4.7181 GBP

10p ordinary

CFD

increasing a short position

31,406

4.7182 GBP

10p ordinary

CFD

increasing a short position

1,343

4.7184 GBP

10p ordinary

CFD

increasing a short position

6,697

4.7189 GBP

10p ordinary

CFD

increasing a short position

754

4.7197 GBP

10p ordinary

CFD

increasing a short position

6,749

4.7255 GBP

10p ordinary

CFD

increasing a short position

2,386

4.7284 GBP

10p ordinary

CFD

increasing a short position

5,919

4.7476 GBP

10p ordinary

CFD

increasing a short position

1,601

4.7518 GBP

10p ordinary

CFD

increasing a short position

1

4.7800 GBP

10p ordinary

CFD

reducing a long position

911

4.6970 GBP

10p ordinary

CFD

reducing a long position

19,960

4.7094 GBP

10p ordinary

CFD

reducing a long position

6,698

4.7160 GBP

10p ordinary

CFD

reducing a long position

837

4.7167 GBP

10p ordinary

CFD

reducing a long position

4,366

4.7180 GBP

10p ordinary

CFD

reducing a long position

32,005

4.7181 GBP

10p ordinary

CFD

reducing a long position

62,628

4.7181 GBP

10p ordinary

CFD

reducing a long position

33,808

4.7199 GBP

10p ordinary

CFD

reducing a long position

15,919

4.7200 GBP

10p ordinary

CFD

reducing a long position

1,474

4.7221 GBP

10p ordinary

CFD

reducing a long position

18

4.7284 GBP

10p ordinary

CFD

reducing a long position

30,207

4.7307 GBP

10p ordinary

CFD

reducing a short position

96

4.7060 GBP

10p ordinary

CFD

reducing a short position

6,011

4.7107 GBP

10p ordinary

CFD

reducing a short position

827

4.7110 GBP

10p ordinary

CFD

reducing a short position

9,452

4.7124 GBP

10p ordinary

CFD

reducing a short position

591

4.7158 GBP

10p ordinary

CFD

reducing a short position

2,919

4.7162 GBP

10p ordinary

CFD

reducing a short position

44,689

4.7164 GBP

10p ordinary

CFD

reducing a short position

125,866

4.7173 GBP

10p ordinary

CFD

reducing a short position

3,882

4.7180 GBP

10p ordinary

CFD

reducing a short position

918

4.7180 GBP

10p ordinary

CFD

reducing a short position

20,617

4.7180 GBP

10p ordinary

CFD

reducing a short position

16

4.7183 GBP

10p ordinary

CFD

reducing a short position

117,500

4.7184 GBP

10p ordinary

CFD

reducing a short position

88

4.7203 GBP

10p ordinary

CFD

reducing a short position

772

4.7203 GBP

10p ordinary

CFD

reducing a short position

43,258

4.7216 GBP

10p ordinary

CFD

reducing a short position

17

4.7244 GBP

10p ordinary

CFD

reducing a short position

127

4.7244 GBP

10p ordinary

CFD

reducing a short position

6,982

4.7244 GBP

10p ordinary

CFD

reducing a short position

30

4.7244 GBP

10p ordinary

CFD

reducing a short position

1

4.7290 GBP

10p ordinary

CFD

reducing a short position

17,831

4.7331 GBP

10p ordinary

CFD

reducing a short position

10,469

4.7344 GBP

10p ordinary

CFD

reducing a short position

1,601

4.7423 GBP

10p ordinary

CFD

reducing a short position

5,919

4.7526 GBP

10p ordinary

CFD

reducing a short position

66

4.7545 GBP

10p ordinary

CFD

reducing a short position

600

4.7559 GBP

10p ordinary

CFD

reducing a short position

100,000

4.7692 GBP

10p ordinary

CFD

reducing a short position

4,930

4.7772 GBP

10p ordinary

CFD

reducing a short position

2,189

4.7878 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:

27 June 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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