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, provides key information about the dealings undertaken. On 22nd May 2024, the exempt principal trader engaged in both sales and purchases of 10p ordinary shares of Barratt Developments plc. The total number of securities involved in both sales and purchases was 3,239, with the highest and lowest price per unit paid/received being 5.0343 GBP and 5.0598 GBP, respectively.
The disclosure also indicates that the exempt principal trader is making disclosures in respect of another party to this offer, Redrow plc. The form further details that there were no cash-settled derivative transactions or stock-settled derivative transactions, including options, undertaken. Additionally, there were no other dealings, such as subscribing for new securities. The disclosure concludes with information on indemnity and other dealing arrangements, stating that there are none, and agreements, arrangements, or understandings relating to options or derivatives, also confirming none.
The contact information for the disclosure is provided, including the name and telephone number. The disclosure emphasizes that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and that the Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements.
This public dealing disclosure by Morgan Stanley & Co. LLC provides transparency and key details about their recent dealings related to Barratt Developments plc, in compliance with the Takeover Code's regulations.