Morgan Stanley & Co. LLC, an exempt principal trader, has made a public dealing disclosure in relation to Barratt Developments plc. The disclosure, made in accordance with Rule 8.5 of the Takeover Code, includes key information such as the date of dealing undertaken, details of purchases and sales of relevant securities, and other relevant information. The disclosure indicates that the exempt principal trader has undertaken both sales and purchases of 10p ordinary shares of Barratt Developments plc on 14 June 2024.
The disclosure specifies that the exempt principal trader made sales of 249,667 securities at a price range of 4.8890 GBP to 4.9873 GBP per unit and also purchased 249,667 securities at a price range of 4.8890 GBP to 5.0122 GBP per unit. The disclosure further states that the exempt principal trader is making disclosures in respect of another party to this offer, Redrow plc.
Additionally, the disclosure includes information about indemnity and other dealing arrangements, stating that there are no such agreements, arrangements, or understandings. It also confirms that there are no agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made on 17 June 2024, and contact information for further inquiries is provided.
This public dealing disclosure by Morgan Stanley & Co. LLC provides transparency and key details regarding their dealings with Barratt Developments plc, in compliance with the regulatory requirements of the Takeover Code.