Morgan Stanley & Co. LLC, an exempt principal trader with recognized intermediary status, has made a public dealing disclosure in relation 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 15th August 2024, Morgan Stanley & Co. LLC conducted sales and purchases of 10p ordinary shares of Barratt Developments plc. The total number of securities involved in both sales and purchases was 3,433, with the highest price per unit paid for purchases being 5.4753 GBP and the lowest price per unit received for sales being 5.4431 GBP.
The disclosure also confirms that the exempt principal trader is making disclosures in respect of another party to this offer, Redrow plc. However, no details of cash-settled derivative transactions, stock-settled derivative transactions, or other dealings, including subscribing for new securities, were provided in the disclosure.
Furthermore, the disclosure states that there are no indemnity and other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the exempt principal trader and any other person.
The disclosure was made on 16th August 2024, and the contact person for any further information is Craig Horsley, whose telephone number is +44 141 245-7736.
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and the Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.