RNS Number : 6487B
Morgan Stanley & Co. Int'l plc
23 August 2024
 

AMENDMENT(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:

12 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

905,023

5.2818 GBP

5.1344 GBP

10p ordinary

SALES

599,676

5.2820 GBP

5.1360 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

2,947

5.2397 GBP

10p ordinary

CFD

increasing a long position

13,847

5.2397 GBP

10p ordinary

CFD

increasing a long position

7,996

5.2397 GBP

10p ordinary

CFD

increasing a long position

131

5.2460 GBP

10p ordinary

CFD

increasing a long position

20,427

5.2460 GBP

10p ordinary

CFD

increasing a long position

25,455

5.2471 GBP

10p ordinary

CFD

increasing a long position

4,690

5.2494 GBP

10p ordinary

CFD

increasing a long position

3,313

5.2495 GBP

10p ordinary

CFD

increasing a long position

209

5.2496 GBP

10p ordinary

CFD

increasing a long position

1,353,500

5.2760 GBP

10p ordinary

CFD

increasing a long position

58

5.2760 GBP

10p ordinary

CFD

increasing a short position

5,206

5.1569 GBP

10p ordinary

CFD

increasing a short position

23

5.2380 GBP

10p ordinary

CFD

increasing a short position

483

5.2428 GBP

10p ordinary

CFD

increasing a short position

1,572

5.2440 GBP

10p ordinary

CFD

increasing a short position

1,346

5.2443 GBP

10p ordinary

CFD

increasing a short position

63

5.2460 GBP

10p ordinary

CFD

increasing a short position

301

5.2460 GBP

10p ordinary

CFD

increasing a short position

2,560

5.2460 GBP

10p ordinary

CFD

increasing a short position

1,306

5.2460 GBP

10p ordinary

CFD

increasing a short position

5,215

5.2461 GBP

10p ordinary

CFD

increasing a short position

70,737

5.2466 GBP

10p ordinary

CFD

increasing a short position

7,563

5.2467 GBP

10p ordinary

CFD

increasing a short position

797

5.2467 GBP

10p ordinary

CFD

increasing a short position

613

5.2470 GBP

10p ordinary

CFD

increasing a short position

1,011

5.2471 GBP

10p ordinary

CFD

increasing a short position

40,419

5.2477 GBP

10p ordinary

CFD

increasing a short position

2,117

5.2485 GBP

10p ordinary

CFD

increasing a short position

149,262

5.2485 GBP

10p ordinary

CFD

increasing a short position

14,200

5.2485 GBP

10p ordinary

CFD

increasing a short position

27,667

5.2486 GBP

10p ordinary

CFD

increasing a short position

10,338

5.2510 GBP

10p ordinary

CFD

increasing a short position

108

5.2660 GBP

10p ordinary

CFD

increasing a short position

42

5.2660 GBP

10p ordinary

CFD

reducing a long position

1,353,500

5.1780 GBP

10p ordinary

CFD

reducing a long position

3,313

5.2440 GBP

10p ordinary

CFD

reducing a long position

58

5.2460 GBP

10p ordinary

CFD

reducing a long position

132

5.2460 GBP

10p ordinary

CFD

reducing a long position

27,836

5.2466 GBP

10p ordinary

CFD

reducing a long position

10,748

5.2469 GBP

10p ordinary

CFD

reducing a long position

75,622

5.2474 GBP

10p ordinary

CFD

reducing a long position

24

5.2518 GBP

10p ordinary

CFD

reducing a short position

322

5.1707 GBP

10p ordinary

CFD

reducing a short position

10,121

5.2397 GBP

10p ordinary

CFD

reducing a short position

23

5.2420 GBP

10p ordinary

CFD

reducing a short position

516

5.2460 GBP

10p ordinary

CFD

reducing a short position

2,870

5.2460 GBP

10p ordinary

CFD

reducing a short position

16

5.2460 GBP

10p ordinary

CFD

reducing a short position

518

5.2479 GBP

10p ordinary

CFD

reducing a short position

71

5.2479 GBP

10p ordinary

CFD

reducing a short position

8,144

5.2495 GBP

10p ordinary

CFD

reducing a short position

7,364

5.2498 GBP

10p ordinary

CFD

reducing a short position

8,074

5.2513 GBP

10p ordinary

CFD

reducing a short position

2,641

5.2574 GBP

10p ordinary

CFD

reducing a short position

160

5.2592 GBP

10p ordinary

CFD

reducing a short position

5,206

5.2607 GBP

10p ordinary

CFD

reducing a short position

170

5.2698 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:

23 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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