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 undertaken, details of purchases and sales of relevant securities, and other relevant information.
On 12 June 2024, Morgan Stanley & Co. LLC conducted purchases and sales of 41,298 10p ordinary shares of Barratt Developments plc. The highest price per unit paid for the purchases was 5.0980 GBP, while the lowest price per unit paid was 5.0094 GBP. For the sales, the highest price per unit received was 5.0980 GBP, and the lowest price per unit received was 4.9845 GBP.
The disclosure also states that the exempt principal trader is making disclosures in respect of another party to this offer, Redrow plc. Additionally, it provides information on indemnity and other dealing arrangements, stating that there are no such agreements, arrangements, or understandings. Furthermore, it details agreements, arrangements, or understandings relating to options or derivatives, stating that there are none.
The disclosure concludes with contact information and a reminder that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. It also provides contact details for the Panel's Market Surveillance Unit for consultation in relation to the Code's dealing disclosure requirements.
This public dealing disclosure by Morgan Stanley & Co. LLC provides transparency and key information regarding their dealings with Barratt Developments plc, in compliance with the Takeover Code's regulations.