Morgan Stanley & Co. LLC has released a public dealing disclosure related to Barratt Developments plc. The disclosure, made in accordance with Rule 8.5 of the Takeover Code, provides key information about the dealings undertaken by the exempt principal trader. The dealings, which took place on 3rd May 2024, involved purchases and sales of unsponsored ADR (American Depositary Receipt) securities. The purchases and sales both amounted to 140 securities at a price of 12.0900 USD per unit.
The disclosure also states that the exempt principal trader is making disclosures in respect of another party to this offer, Redrow plc. However, no cash-settled derivative transactions, stock-settled derivative transactions, or other dealings, including subscribing for new securities, were reported in this disclosure.
Furthermore, the disclosure confirms that there are no indemnity and other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the exempt principal trader and any other person. The disclosure was made on 7th May 2024, and the contact person for any further information is Craig Horsley, reachable at +44 141 245-7736.
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and 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.