Morgan Stanley & Co. LLC, an exempt principal trader, 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 on cash-settled and stock-settled derivative transactions.
On 13 May 2024, Morgan Stanley & Co. LLC conducted purchases and sales of 10p ordinary shares of Barratt Developments plc. The total number of securities involved in both purchases and sales was 4,877, with the highest price per unit paid for purchases being 4.9505 GBP and the lowest price per unit received for sales being 4.9200 GBP.
The disclosure also confirmed that the exempt principal trader is making disclosures in respect of another party to this offer, Redrow plc. Additionally, the document stated that there were 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 by Craig Horsley, and the contact number provided for further information is +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.
This public dealing disclosure provides insight into the recent trading activities involving Barratt Developments plc's securities by Morgan Stanley & Co. LLC, offering transparency and compliance with regulatory requirements.