Marathon Asset Management Limited has disclosed its position in Barratt Developments plc, representing 1.14% of the company's ordinary shares. The disclosure, made in accordance with Rule 8.3 of the Takeover Code, indicates that Marathon Asset Management Limited owns and/or controls 11,123,824 ordinary shares of Barratt Developments plc. The disclosure also includes details of recent dealings, such as the sale of 752 ordinary shares at a price of 5.2222 per unit.
The disclosure further specifies that Marathon Asset Management Limited does not have discretion regarding voting decisions in respect of 1,432,459 shares that are included in the total disclosed. Additionally, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides transparency regarding Marathon Asset Management Limited's interests and short positions in Barratt Developments plc, offering insights into the company's holdings and recent dealings. It aligns with regulatory requirements and contributes to the overall market transparency and integrity.