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: | 16 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 | 926,787 | 5.4000 GBP | 5.3340 GBP |
| 10p ordinary | SALES | 604,890 | 5.4020 GBP | 5.3320 GBP |
| 10p ordinary | SALES | 4,341 | 6.2851 EUR | 6.2851 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 | 2,371 | 5.3446 GBP |
| 10p ordinary | CFD | increasing a long position | 4,941 | 5.3567 GBP |
| 10p ordinary | CFD | increasing a long position | 9,066 | 5.3567 GBP |
| 10p ordinary | CFD | increasing a long position | 4,341 | 5.3573 GBP |
| 10p ordinary | CFD | increasing a long position | 6,048 | 5.3579 GBP |
| 10p ordinary | CFD | increasing a long position | 265 | 5.3580 GBP |
| 10p ordinary | CFD | increasing a long position | 222 | 5.3580 GBP |
| 10p ordinary | CFD | increasing a long position | 591 | 5.3676 GBP |
| 10p ordinary | CFD | increasing a long position | 3,306 | 5.3794 GBP |
| 10p ordinary | CFD | increasing a long position | 426 | 5.3801 GBP |
| 10p ordinary | CFD | increasing a short position | 53 | 5.3467 GBP |
| 10p ordinary | CFD | increasing a short position | 2,970 | 5.3530 GBP |
| 10p ordinary | CFD | increasing a short position | 6,167 | 5.3530 GBP |
| 10p ordinary | CFD | increasing a short position | 36 | 5.3580 GBP |
| 10p ordinary | CFD | increasing a short position | 764 | 5.3580 GBP |
| 10p ordinary | CFD | increasing a short position | 546 | 5.3584 GBP |
| 10p ordinary | CFD | increasing a short position | 1,136 | 5.3584 GBP |
| 10p ordinary | CFD | increasing a short position | 80,483 | 5.3587 GBP |
| 10p ordinary | CFD | increasing a short position | 27,795 | 5.3613 GBP |
| 10p ordinary | CFD | increasing a short position | 74,631 | 5.3625 GBP |
| 10p ordinary | CFD | increasing a short position | 278 | 5.3642 GBP |
| 10p ordinary | CFD | increasing a short position | 36,400 | 5.3658 GBP |
| 10p ordinary | CFD | increasing a short position | 15,000 | 5.3664 GBP |
| 10p ordinary | CFD | increasing a short position | 757 | 5.3672 GBP |
| 10p ordinary | CFD | increasing a short position | 2,831 | 5.3686 GBP |
| 10p ordinary | CFD | increasing a short position | 26,865 | 5.3686 GBP |
| 10p ordinary | CFD | increasing a short position | 284 | 5.3732 GBP |
| 10p ordinary | CFD | increasing a short position | 943 | 5.3734 GBP |
| 10p ordinary | CFD | increasing a short position | 10,064 | 5.3743 GBP |
| 10p ordinary | CFD | increasing a short position | 27,409 | 5.3755 GBP |
| 10p ordinary | CFD | increasing a short position | 4,966 | 5.3779 GBP |
| 10p ordinary | CFD | increasing a short position | 4,786 | 5.3781 GBP |
| 10p ordinary | CFD | increasing a short position | 1,036 | 5.3833 GBP |
| 10p ordinary | CFD | increasing a short position | 636 | 5.3860 GBP |
| 10p ordinary | CFD | increasing a short position | 20,824 | 5.3875 GBP |
| 10p ordinary | CFD | increasing a short position | 457 | 5.3982 GBP |
| 10p ordinary | CFD | reducing a long position | 1,780 | 5.3514 GBP |
| 10p ordinary | CFD | reducing a long position | 563 | 5.3580 GBP |
| 10p ordinary | CFD | reducing a long position | 32,029 | 5.3587 GBP |
| 10p ordinary | CFD | reducing a long position | 1,061 | 5.3589 GBP |
| 10p ordinary | CFD | reducing a long position | 803 | 5.3676 GBP |
| 10p ordinary | CFD | reducing a long position | 28,807 | 5.3723 GBP |
| 10p ordinary | CFD | reducing a long position | 14,013 | 5.3733 GBP |
| 10p ordinary | CFD | reducing a long position | 322 | 5.3755 GBP |
| 10p ordinary | CFD | reducing a long position | 2,797 | 5.3781 GBP |
| 10p ordinary | CFD | reducing a long position | 6,908 | 5.3811 GBP |
| 10p ordinary | CFD | reducing a long position | 4,672 | 5.3854 GBP |
| 10p ordinary | CFD | reducing a long position | 265 | 5.3982 GBP |
| 10p ordinary | CFD | reducing a long position | 222 | 5.4000 GBP |
| 10p ordinary | CFD | reducing a short position | 3,923 | 5.3558 GBP |
| 10p ordinary | CFD | reducing a short position | 21,545 | 5.3579 GBP |
| 10p ordinary | CFD | reducing a short position | 32 | 5.3580 GBP |
| 10p ordinary | CFD | reducing a short position | 65 | 5.3580 GBP |
| 10p ordinary | CFD | reducing a short position | 101 | 5.3580 GBP |
| 10p ordinary | CFD | reducing a short position | 746 | 5.3580 GBP |
| 10p ordinary | CFD | reducing a short position | 510 | 5.3580 GBP |
| 10p ordinary | CFD | reducing a short position | 1,727 | 5.3613 GBP |
| 10p ordinary | CFD | reducing a short position | 25,574 | 5.3680 GBP |
| 10p ordinary | CFD | reducing a short position | 12,100 | 5.3763 GBP |
| 10p ordinary | CFD | reducing a short position | 943 | 5.3769 GBP |
| 10p ordinary | CFD | reducing a short position | 142 | 5.3819 GBP |
| 10p ordinary | CFD | reducing a short position | 10,064 | 5.3831 GBP |
| 10p ordinary | CFD | reducing a short position | 16 | 5.3869 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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