Peel Hunt LLP, 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, provides key information about the dealings undertaken by the exempt principal trader. The disclosed information includes details of purchases and sales of ordinary shares, along with the highest and lowest prices per unit paid or received.
On 28th March 2024, Peel Hunt LLP purchased 17,818 ordinary shares of Barratt Developments Plc at a price ranging from 475.80 GBx to 479.50 GBx per unit. Simultaneously, they sold 17,808 ordinary shares at a price ranging from 475.60 GBx to 479.80 GBx per unit. The disclosure also confirms that the exempt principal trader is connected with Redrow Plc, and no other party disclosures were made in respect of this offer.
The disclosure further includes information about indemnity and other dealing arrangements, stating that there are no such agreements, arrangements, or understandings. Additionally, there are no agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made on 2nd April 2024, and the contact person for the disclosure is Josh Kampen, with a provided telephone number for further inquiries.
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and emailed to the Takeover Panel. The Panel's Market Surveillance Unit is also available for consultation regarding the Code's dealing disclosure requirements.