Morgan Stanley & Co. International plc, an exempt principal trader, has disclosed its dealings with Barratt Developments plc in accordance with Rule 8.5 of the Takeover Code. The transactions, which took place on 5th April 2024, involved both purchases and sales of Barratt Developments plc's 10p ordinary shares.
The sales of 10p ordinary shares by Morgan Stanley & Co. International plc amounted to 900,420 securities, with the highest price per unit paid being 4.6815 GBP and the lowest price per unit received at 4.6460 GBP. On the other hand, the purchases of 10p ordinary shares totaled 639,986 securities, with the highest price per unit paid at 4.6860 GBP and the lowest price per unit paid at 4.6410 GBP. Additionally, there were sales of 28,719 10p ordinary shares at a price of 5.4238 EUR.
The form also detailed cash-settled derivative transactions, including the nature of dealing, number of reference securities, and price per unit. These transactions involved both increasing and reducing long and short positions for 10p ordinary shares of Barratt Developments plc.
Morgan Stanley & Co. International plc's disclosure provides insight into its recent dealings with Barratt Developments plc, shedding light on the significant volume of securities involved and the prices at which these transactions took place.