HSBC Global Asset Management (UK) PLC has disclosed a 1.27% interest in Barratt Developments plc, representing 12,350,636 ordinary shares. The disclosure, made on 5th July 2024, includes details of purchases and sales of 620 securities at a price of 492 per unit. The form also indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. The disclosure is in accordance with Rule 8.3 of the Takeover Code.
The disclosure provides insight into HSBC Global Asset Management's position in Barratt Developments plc, indicating a 1.27% interest in the company's ordinary shares. The form also details recent dealings, with the purchase of 620 securities at a price of 492 per unit. Additionally, it confirms that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure is significant as it provides transparency regarding HSBC Global Asset Management's holdings and dealings with Barratt Developments plc. It offers valuable information for investors and market analysts, aligning with regulatory requirements and contributing to the transparency of the securities market. The disclosure also serves to inform stakeholders and the public about the ownership and trading activities related to Barratt Developments plc's securities.