Morgan Stanley & Co. LLC, an exempt principal trader, has released a public dealing disclosure in relation to Barratt Developments plc. The disclosure, made under Rule 8.5 of the Takeover Code, provides key information about the dealings undertaken by the exempt principal trader. The form details the purchases and sales of 10p ordinary shares, including the total number of securities, highest and lowest price per unit paid/received, and the date of dealing. Additionally, it mentions that the exempt principal trader is making disclosures in respect of another party to this offer, Redrow plc.
The form also includes information about indemnity and other dealing arrangements, stating that there are none. Furthermore, it discloses that there are no agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made on 12 April 2024, and the contact person for the disclosure is Craig Horsley, with a provided telephone number for further inquiries.
This public dealing disclosure is a regulatory requirement and is aimed at providing transparency and information to the market regarding the dealings of exempt principal traders in relation to specific securities. It is an important part of regulatory compliance and market surveillance, ensuring that all dealings are conducted within the framework of the applicable regulations and codes.