Marathon Asset Management Limited has disclosed a 1.16% stake in Barratt Developments plc, representing 11,314,908 ordinary shares. The disclosure, made on 27th June 2024, includes details of interests and short positions in the relevant securities. Marathon Asset Management Limited clarified that they do not have discretion regarding voting decisions in respect of 1,439,249 shares included in the total. The disclosure also includes details of a sale of 2,428 ordinary shares at a price of 4.7359 per unit.
The form also indicates that there have been no cash-settled derivative transactions, stock-settled derivative transactions, or other dealings by Marathon Asset Management Limited in relation to Barratt Developments plc. Additionally, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure was made in accordance with Rule 8.3 of the Takeover Code, and no supplemental form or attachments were included. The contact person for the disclosure is Christopher Bogg, with a provided telephone number for further inquiries. Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and the Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements.