AMENDMENT(2(a), 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: | 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- 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 | 9,275,891 | 5.5220 GBP | 5.4292 GBP |
| 10p ordinary | SALES | 16,313,983 | 5.5260 GBP | 5.4296 GBP |
| 10p ordinary | PURCHASES | 582,015 | 7.0986 USD | 7.0986 USD |
(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 | 148,294 | 5.4298 GBP |
| 10p ordinary | CFD | increasing a long position | 19,993 | 5.4299 GBP |
| 10p ordinary | CFD | increasing a long position | 2,012 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a long position | 1,219,169 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a long position | 1,481,079 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a long position | 720,000 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a long position | 141,623 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a long position | 468,949 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a long position | 1,418,245 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a long position | 43,200 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a long position | 1,303,526 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a long position | 419,376 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a long position | 7,632 | 5.4322 GBP |
| 10p ordinary | CFD | increasing a long position | 8,993 | 5.4405 GBP |
| 10p ordinary | CFD | increasing a long position | 4,066 | 5.4620 GBP |
| 10p ordinary | CFD | increasing a long position | 19,534 | 5.4682 GBP |
| 10p ordinary | CFD | increasing a long position | 52,488 | 5.4783 GBP |
| 10p ordinary | CFD | increasing a long position | 522,271 | 5.4848 GBP |
| 10p ordinary | CFD | increasing a long position | 3,048 | 5.4981 GBP |
| 10p ordinary | CFD | increasing a long position | 229 | 5.4993 GBP |
| 10p ordinary | CFD | increasing a long position | 39 | 5.5021 GBP |
| 10p ordinary | CFD | increasing a short position | 281,945 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a short position | 2,077 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a short position | 97,029 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a short position | 232,775 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a short position | 56,290 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a short position | 770,555 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a short position | 34,653 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a short position | 282,771 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a short position | 323,315 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a short position | 293,167 | 5.4300 GBP |
| 10p ordinary | CFD | increasing a short position | 913 | 5.4304 GBP |
| 10p ordinary | CFD | increasing a short position | 188,039 | 5.4364 GBP |
| 10p ordinary | CFD | increasing a short position | 12,908 | 5.4459 GBP |
| 10p ordinary | CFD | increasing a short position | 21,305 | 5.4460 GBP |
| 10p ordinary | CFD | increasing a short position | 58,300 | 5.4478 GBP |
| 10p ordinary | CFD | increasing a short position | 32,207 | 5.4479 GBP |
| 10p ordinary | CFD | increasing a short position | 7,453 | 5.4708 GBP |
| 10p ordinary | CFD | increasing a short position | 9,148 | 5.4799 GBP |
| 10p ordinary | CFD | increasing a short position | 12,597 | 5.4832 GBP |
| 10p ordinary | CFD | increasing a short position | 1,978 | 5.4870 GBP |
| 10p ordinary | CFD | increasing a short position | 4,436 | 5.4872 GBP |
| 10p ordinary | CFD | increasing a short position | 3,172 | 5.4896 GBP |
| 10p ordinary | CFD | increasing a short position | 60,859 | 5.4899 GBP |
| 10p ordinary | CFD | increasing a short position | 106,965 | 5.4906 GBP |
| 10p ordinary | CFD | increasing a short position | 84,486 | 5.4927 GBP |
| 10p ordinary | CFD | increasing a short position | 67,404 | 5.4937 GBP |
| 10p ordinary | CFD | increasing a short position | 1,207 | 5.5014 GBP |
| 10p ordinary | CFD | increasing a short position | 36 | 5.5099 GBP |
| 10p ordinary | CFD | increasing a short position | 11,440 | 5.5107 GBP |
| 10p ordinary | CFD | increasing a short position | 1,482 | 5.5189 GBP |
| 10p ordinary | CFD | reducing a long position | 582,015 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a long position | 178,988 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a long position | 306 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a long position | 46,927 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a long position | 7,386 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a long position | 39,467 | 5.4303 GBP |
| 10p ordinary | CFD | reducing a long position | 46,575 | 5.4462 GBP |
| 10p ordinary | CFD | reducing a long position | 40,146 | 5.4467 GBP |
| 10p ordinary | CFD | reducing a long position | 3,048 | 5.4674 GBP |
| 10p ordinary | CFD | reducing a long position | 20,167 | 5.4719 GBP |
| 10p ordinary | CFD | reducing a long position | 689 | 5.4822 GBP |
| 10p ordinary | CFD | reducing a long position | 5,535 | 5.4906 GBP |
| 10p ordinary | CFD | reducing a long position | 112,389 | 5.4927 GBP |
| 10p ordinary | CFD | reducing a long position | 36 | 5.5014 GBP |
| 10p ordinary | CFD | reducing a long position | 188 | 5.5015 GBP |
| 10p ordinary | CFD | reducing a long position | 14,458 | 5.5041 GBP |
| 10p ordinary | CFD | reducing a long position | 285 | 5.5041 GBP |
| 10p ordinary | CFD | reducing a long position | 15,738 | 5.5042 GBP |
| 10p ordinary | CFD | reducing a long position | 52,488 | 5.5182 GBP |
| 10p ordinary | CFD | reducing a short position | 400 | 5.4296 GBP |
| 10p ordinary | CFD | reducing a short position | 97,089 | 5.4299 GBP |
| 10p ordinary | CFD | reducing a short position | 97,029 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a short position | 127,553 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a short position | 323,315 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a short position | 226 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a short position | 797 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a short position | 282,771 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a short position | 293,167 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a short position | 238 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a short position | 65,316 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a short position | 34,653 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a short position | 7,828 | 5.4300 GBP |
| 10p ordinary | CFD | reducing a short position | 5,371 | 5.4365 GBP |
| 10p ordinary | CFD | reducing a short position | 4,785 | 5.4367 GBP |
| 10p ordinary | CFD | reducing a short position | 17,387 | 5.4405 GBP |
| 10p ordinary | CFD | reducing a short position | 11,384 | 5.4416 GBP |
| 10p ordinary | CFD | reducing a short position | 1,200 | 5.4416 GBP |
| 10p ordinary | CFD | reducing a short position | 70,000 | 5.4480 GBP |
| 10p ordinary | CFD | reducing a short position | 926 | 5.4590 GBP |
| 10p ordinary | CFD | reducing a short position | 938 | 5.4878 GBP |
| 10p ordinary | CFD | reducing a short position | 18,136 | 5.4881 GBP |
| 10p ordinary | CFD | reducing a short position | 69,324 | 5.4971 GBP |
| 10p ordinary | CFD | reducing a short position | 5,426 | 5.5007 GBP |
| 10p ordinary | CFD | reducing a short position | 432,000 | 5.5017 GBP |
| 10p ordinary | CFD | reducing a short position | 50,245 | 5.5062 GBP |
| 10p ordinary | CFD | reducing a short position | 1,995 | 5.5067 GBP |
| 10p ordinary | CFD | reducing a short position | 1,998 | 5.5069 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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