RNS Number : 4208B
Morgan Stanley & Co. Int'l plc
22 August 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

Redrow plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Barratt Developments Plc

(d) Date dealing undertaken:

21 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 -Barratt Developments 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

10.5p ordinary

SALES

2,109,427

7.9247 GBP

7.7900 GBP

10.5p ordinary

PURCHASES

6,853,415

7.9275 GBP

7.7899 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

10.5p ordinary

CFD

increasing a long position

200

7.7900 GBP

10.5p ordinary

CFD

increasing a long position

31,449

7.8252 GBP

10.5p ordinary

CFD

increasing a long position

183,938

7.8363 GBP

10.5p ordinary

CFD

increasing a long position

42,251

7.8532 GBP

10.5p ordinary

CFD

increasing a long position

41,848

7.8559 GBP

10.5p ordinary

CFD

increasing a long position

12,982

7.8721 GBP

10.5p ordinary

CFD

increasing a long position

2

7.8750 GBP

10.5p ordinary

CFD

increasing a long position

14,848

7.8772 GBP

10.5p ordinary

CFD

increasing a long position

2,872

7.9052 GBP

10.5p ordinary

CFD

increasing a long position

1,291

7.9058 GBP

10.5p ordinary

CFD

increasing a long position

284

7.9080 GBP

10.5p ordinary

CFD

increasing a long position

1,455

7.9086 GBP

10.5p ordinary

CFD

increasing a long position

3,008

7.9097 GBP

10.5p ordinary

CFD

increasing a long position

3,328

7.9099 GBP

10.5p ordinary

CFD

increasing a long position

293

7.9130 GBP

10.5p ordinary

CFD

increasing a short position

691

7.7900 GBP

10.5p ordinary

CFD

increasing a short position

30,000

7.7900 GBP

10.5p ordinary

CFD

increasing a short position

2,800,000

7.7900 GBP

10.5p ordinary

CFD

increasing a short position

816

7.7900 GBP

10.5p ordinary

CFD

increasing a short position

174,862

7.7900 GBP

10.5p ordinary

CFD

increasing a short position

575

7.7900 GBP

10.5p ordinary

CFD

increasing a short position

2,109

7.7900 GBP

10.5p ordinary

CFD

increasing a short position

500,000

7.7900 GBP

10.5p ordinary

CFD

increasing a short position

871

7.8585 GBP

10.5p ordinary

CFD

increasing a short position

229

7.8703 GBP

10.5p ordinary

CFD

increasing a short position

14,505

7.8779 GBP

10.5p ordinary

CFD

increasing a short position

362,688

7.8828 GBP

10.5p ordinary

CFD

increasing a short position

64,116

7.8878 GBP

10.5p ordinary

CFD

increasing a short position

300,000

7.9169 GBP

10.5p ordinary

CFD

reducing a long position

1,455

7.7900 GBP

10.5p ordinary

CFD

reducing a long position

1,291

7.8678 GBP

10.5p ordinary

CFD

reducing a long position

95,781

7.8750 GBP

10.5p ordinary

CFD

reducing a long position

472,422

7.8750 GBP

10.5p ordinary

CFD

reducing a short position

49,956

7.8793 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:

22 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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