Morgan Stanley & Co. International plc has disclosed its dealings with Barratt Developments plc in a recent public dealing disclosure. The transactions, which took place on 10th June 2024, involved both purchases and sales of Barratt's 10p ordinary shares. The purchases totaled 831,037 securities, with the highest price per unit paid at 5.0320 GBP and the lowest at 4.9650 GBP. On the other hand, sales amounted to 993,972 securities, with the highest price per unit received at 5.0322 GBP and the lowest at 4.9530 GBP.
Additionally, the disclosure included cash-settled derivative transactions, such as increasing and reducing long and short positions. The transactions involved various quantities of reference securities and prices per unit, reflecting a range of values from 4.9710 GBP to 5.0188 GBP. It's important to note that these dealings are part of Morgan Stanley's role as an exempt principal trader with recognized intermediary status dealing in a client-serving capacity, as per Rule 8.5 of the Takeover Code.
The disclosure also mentioned that Morgan Stanley is connected with Barratt Developments Plc, the party to the offer. Furthermore, the form indicated that Morgan Stanley is making disclosures in respect of another party to this offer, Redrow plc. This information provides insights into the recent trading activities involving Barratt Developments plc and Morgan Stanley & Co. International plc, shedding light on the dynamics of the securities market and the involvement of key players in these transactions.