Morgan Stanley & Co. International plc, an exempt principal trader, disclosed its dealings in Barratt Developments plc's securities on May 28, 2024. The transactions included purchases and sales of 10p ordinary shares, with a total of 1,089,293 shares purchased and 1,097,806 shares sold. The highest price per unit paid for the shares was 5.1540 GBP, while the lowest price per unit paid was 5.0440 GBP. Additionally, the trader engaged in cash-settled derivative transactions, both increasing and reducing long and short positions, with various quantities and prices per unit.
The disclosed dealings by Morgan Stanley & Co. International plc are in compliance with Rule 8.5 of the Takeover Code. The report also mentioned that the exempt principal trader is making disclosures in respect of another party to this offer, Redrow plc.
The information provided in the disclosure offers insights into the recent trading activities involving Barratt Developments plc's securities. It sheds light on the volume of shares traded, the prices at which the transactions occurred, and the nature of the derivative transactions undertaken by Morgan Stanley & Co. International plc. This disclosure is essential for investors and market participants to understand the recent market activity related to Barratt Developments plc's securities and the involvement of exempt principal traders like Morgan Stanley & Co. International plc.