Morgan Stanley & Co. LLC, an exempt principal trader, has released a public dealing disclosure related 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, details of purchases and sales of relevant securities, and information about cash-settled and stock-settled derivative transactions. The disclosure also confirms that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. The contact person for this disclosure is Craig Horsley, and the date of disclosure is 14 June 2024. 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.
The disclosure reveals that Morgan Stanley & Co. LLC has undertaken purchases and sales of 10p ordinary shares of Barratt Developments plc. The highest price per unit paid for the sales was 5.0020 GBP, and the lowest price per unit paid for the sales was the same. For the purchases, the highest and lowest price per unit paid was 5.0270 GBP. Additionally, the exempt principal trader has also engaged in purchases and sales of unsponsored ADR (American Depositary Receipt) with a 2.00 to 1 ratio, with the price per unit set at 12.7500 USD for both purchases and sales.
The disclosure provides a comprehensive breakdown of the dealings by the exempt principal trader, including the nature of the transactions, the number of securities involved, and the prices per unit paid or received. It also emphasizes the absence of indemnity or other dealing arrangements, as well as agreements, arrangements, or understandings relating to options or derivatives. The contact details for further inquiries and consultations regarding the Code's dealing disclosure requirements are also included.
In conclusion, the public dealing disclosure by Morgan Stanley & Co. LLC regarding Barratt Developments plc offers detailed insights into the transactions undertaken, ensuring transparency and compliance with regulatory requirements.