Peel Hunt LLP, an exempt principal trader, has disclosed dealings related to Barratt Developments Plc in accordance with Rule 8.5 of the Takeover Code. The dealings were undertaken on 16 May 2024 and involved purchases and sales of ordinary shares. The purchases totaled 52,435 securities at a price range of 511.90 GBx to 518.60 GBx per unit, while the sales amounted to 32,292 securities at a price range of 511.43 GBx to 519.40 GBx per unit.
The disclosure also confirmed that there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between the exempt principal trader and any other party to the offer or any person acting in concert with a party to the offer.
The disclosure was made to a Regulatory Information Service and emailed to the Takeover Panel, as required by Rule 8 of the Code. For further information, the Market Surveillance Unit of the Panel is available for consultation.
This disclosure provides insight into the recent dealings involving Barratt Developments Plc and offers transparency in line with regulatory requirements. It sheds light on the transactions conducted by Peel Hunt LLP and their connection to Redrow Plc, providing valuable information for stakeholders and investors.