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 relevant securities, and the nature of the transactions. The disclosure indicates that the exempt principal trader engaged in both sales and purchases of 10p ordinary shares of Barratt Developments plc on 2nd May 2024. The highest price per unit paid for the shares was 4.6260 GBP, while the lowest price per unit received was 4.6027 GBP.
The disclosure also confirms that the exempt principal trader is making disclosures in respect of another party to this offer, Redrow plc. The document further includes information on indemnity and other dealing arrangements, stating that there are no such agreements, arrangements, or understandings. Additionally, it notes that there are no agreements, arrangements, or understandings relating to options or derivatives. The contact details for the disclosure are provided, including the name and telephone number of the responsible individual.
This public dealing disclosure is a regulatory requirement and provides transparency regarding the trading activities of an exempt principal trader in relation to Barratt Developments plc. It offers insights into the transactions involving relevant securities and aims to ensure compliance with the Code's dealing disclosure requirements. The disclosure serves to inform stakeholders and the market about the trading activities and connections of the exempt principal trader in the context of the mentioned companies.