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: | 12 February 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 | SALES | 4,302,221 | 4.8852 GBP | 4.8200 GBP |
| 10p ordinary | PURCHASES | 2,799,580 | 4.8854 GBP | 4.8200 GBP |
| 10p ordinary | PURCHASES | 3,640 | 5.6853 EUR | 5.6853 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 | 2,879,864 | 4.3719 GBP |
| 10p ordinary | CFD | increasing a long position | 154 | 4.8268 GBP |
| 10p ordinary | CFD | increasing a long position | 1,303 | 4.8362 GBP |
| 10p ordinary | CFD | increasing a long position | 10,327 | 4.8422 GBP |
| 10p ordinary | CFD | increasing a long position | 554 | 4.8448 GBP |
| 10p ordinary | CFD | increasing a long position | 2,790 | 4.8448 GBP |
| 10p ordinary | CFD | increasing a long position | 504 | 4.8484 GBP |
| 10p ordinary | CFD | increasing a long position | 306 | 4.8485 GBP |
| 10p ordinary | CFD | increasing a long position | 14,260 | 4.8497 GBP |
| 10p ordinary | CFD | increasing a long position | 915 | 4.8506 GBP |
| 10p ordinary | CFD | increasing a long position | 1,276 | 4.8540 GBP |
| 10p ordinary | CFD | increasing a long position | 2,615 | 4.8595 GBP |
| 10p ordinary | CFD | increasing a long position | 1,612 | 4.8612 GBP |
| 10p ordinary | CFD | increasing a long position | 2,586 | 4.8613 GBP |
| 10p ordinary | CFD | increasing a long position | 66 | 4.8618 GBP |
| 10p ordinary | CFD | increasing a long position | 3,869 | 4.8648 GBP |
| 10p ordinary | CFD | increasing a long position | 1,224 | 4.8732 GBP |
| 10p ordinary | CFD | increasing a long position | 3,395 | 4.8823 GBP |
| 10p ordinary | CFD | increasing a long position | 42,020 | 4.8850 GBP |
| 10p ordinary | CFD | increasing a long position | 37,676 | 4.8850 GBP |
| 10p ordinary | CFD | increasing a long position | 778 | 4.8850 GBP |
| 10p ordinary | CFD | increasing a long position | 8,373 | 4.8850 GBP |
| 10p ordinary | CFD | increasing a long position | 21,890 | 4.8850 GBP |
| 10p ordinary | CFD | increasing a long position | 6,647 | 4.8850 GBP |
| 10p ordinary | CFD | increasing a long position | 28,079 | 4.8850 GBP |
| 10p ordinary | CFD | increasing a short position | 681 | 4.8351 GBP |
| 10p ordinary | CFD | increasing a short position | 7,925 | 4.8448 GBP |
| 10p ordinary | CFD | increasing a short position | 13,149 | 4.8450 GBP |
| 10p ordinary | CFD | increasing a short position | 218,962 | 4.8468 GBP |
| 10p ordinary | CFD | increasing a short position | 379,622 | 4.8468 GBP |
| 10p ordinary | CFD | increasing a short position | 79,638 | 4.8468 GBP |
| 10p ordinary | CFD | increasing a short position | 9,272 | 4.8469 GBP |
| 10p ordinary | CFD | increasing a short position | 57,585 | 4.8486 GBP |
| 10p ordinary | CFD | increasing a short position | 3,640 | 4.8499 GBP |
| 10p ordinary | CFD | increasing a short position | 166 | 4.8525 GBP |
| 10p ordinary | CFD | increasing a short position | 1,739 | 4.8581 GBP |
| 10p ordinary | CFD | increasing a short position | 219,648 | 4.8600 GBP |
| 10p ordinary | CFD | increasing a short position | 58,026 | 4.8637 GBP |
| 10p ordinary | CFD | increasing a short position | 6,733 | 4.8637 GBP |
| 10p ordinary | CFD | increasing a short position | 904 | 4.8689 GBP |
| 10p ordinary | CFD | increasing a short position | 322 | 4.8830 GBP |
| 10p ordinary | CFD | increasing a short position | 152,729 | 4.8850 GBP |
| 10p ordinary | CFD | increasing a short position | 291,963 | 4.8850 GBP |
| 10p ordinary | CFD | increasing a short position | 115 | 4.8854 GBP |
| 10p ordinary | CFD | increasing a short position | 5,517 | 4.8854 GBP |
| 10p ordinary | CFD | increasing a short position | 34 | 4.8854 GBP |
| 10p ordinary | CFD | increasing a short position | 15 | 4.8854 GBP |
| 10p ordinary | CFD | reducing a long position | 456 | 4.8372 GBP |
| 10p ordinary | CFD | reducing a long position | 2,615 | 4.8406 GBP |
| 10p ordinary | CFD | reducing a long position | 1,055 | 4.8461 GBP |
| 10p ordinary | CFD | reducing a long position | 1,612 | 4.8461 GBP |
| 10p ordinary | CFD | reducing a long position | 306 | 4.8505 GBP |
| 10p ordinary | CFD | reducing a long position | 4,396 | 4.8597 GBP |
| 10p ordinary | CFD | reducing a long position | 99,352 | 4.8601 GBP |
| 10p ordinary | CFD | reducing a long position | 5,603 | 4.8601 GBP |
| 10p ordinary | CFD | reducing a long position | 27,739 | 4.8601 GBP |
| 10p ordinary | CFD | reducing a long position | 5,886 | 4.8601 GBP |
| 10p ordinary | CFD | reducing a long position | 6,270 | 4.8623 GBP |
| 10p ordinary | CFD | reducing a long position | 16,633 | 4.8623 GBP |
| 10p ordinary | CFD | reducing a long position | 82,722 | 4.8624 GBP |
| 10p ordinary | CFD | reducing a long position | 43,500 | 4.8630 GBP |
| 10p ordinary | CFD | reducing a long position | 590 | 4.8651 GBP |
| 10p ordinary | CFD | reducing a long position | 18,719 | 4.8684 GBP |
| 10p ordinary | CFD | reducing a long position | 1,796 | 4.8689 GBP |
| 10p ordinary | CFD | reducing a long position | 3,720 | 4.8693 GBP |
| 10p ordinary | CFD | reducing a long position | 6,203 | 4.8714 GBP |
| 10p ordinary | CFD | reducing a long position | 110,027 | 4.8714 GBP |
| 10p ordinary | CFD | reducing a long position | 30,717 | 4.8714 GBP |
| 10p ordinary | CFD | reducing a long position | 6,516 | 4.8714 GBP |
| 10p ordinary | CFD | reducing a long position | 1,229 | 4.8767 GBP |
| 10p ordinary | CFD | reducing a long position | 11,580 | 4.8845 GBP |
| 10p ordinary | CFD | reducing a long position | 9,504 | 4.8845 GBP |
| 10p ordinary | CFD | reducing a long position | 61 | 4.8850 GBP |
| 10p ordinary | CFD | reducing a long position | 3,216 | 4.8850 GBP |
| 10p ordinary | CFD | reducing a long position | 11,389 | 4.8850 GBP |
| 10p ordinary | CFD | reducing a long position | 23,347 | 4.8850 GBP |
| 10p ordinary | CFD | reducing a short position | 411 | 4.8368 GBP |
| 10p ordinary | CFD | reducing a short position | 31,730 | 4.8479 GBP |
| 10p ordinary | CFD | reducing a short position | 281 | 4.8506 GBP |
| 10p ordinary | CFD | reducing a short position | 86,620 | 4.8516 GBP |
| 10p ordinary | CFD | reducing a short position | 21,808 | 4.8516 GBP |
| 10p ordinary | CFD | reducing a short position | 63,411 | 4.8516 GBP |
| 10p ordinary | CFD | reducing a short position | 82,737 | 4.8516 GBP |
| 10p ordinary | CFD | reducing a short position | 58,060 | 4.8516 GBP |
| 10p ordinary | CFD | reducing a short position | 10,169 | 4.8541 GBP |
| 10p ordinary | CFD | reducing a short position | 2,667 | 4.8580 GBP |
| 10p ordinary | CFD | reducing a short position | 11,848 | 4.8613 GBP |
| 10p ordinary | CFD | reducing a short position | 9,600 | 4.8635 GBP |
| 10p ordinary | CFD | reducing a short position | 166 | 4.8639 GBP |
| 10p ordinary | CFD | reducing a short position | 2,905 | 4.8653 GBP |
| 10p ordinary | CFD | reducing a short position | 6,588 | 4.8653 GBP |
| 10p ordinary | CFD | reducing a short position | 38,003 | 4.8663 GBP |
| 10p ordinary | CFD | reducing a short position | 162,180 | 4.8723 GBP |
| 10p ordinary | CFD | reducing a short position | 529 | 4.8757 GBP |
| 10p ordinary | CFD | reducing a short position | 4,719 | 4.8849 GBP |
| 10p ordinary | CFD | reducing a short position | 20,326 | 4.8850 GBP |
| 10p ordinary | CFD | reducing a short position | 322 | 4.8850 GBP |
| 10p ordinary | CFD | reducing a short position | 976 | 4.8850 GBP |
| 10p ordinary | CFD | reducing a short position | 23,039 | 4.8850 GBP |
| 10p ordinary | CFD | reducing a short position | 11,363 | 4.8850 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: | 06 March 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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