Schroders PLC has disclosed its position in Barratt Developments PLC, stating that it owns 0.654% of the company's relevant securities. The disclosure, made under Rule 8.3 of the Takeover Code, also includes details of cash-settled derivatives and stock-settled derivatives. Additionally, the disclosure mentions that Schroders PLC is making disclosures in respect of another party to the offer, Redrow Plc.
The disclosure further outlines the dealings made by Schroders PLC, including the sale of 1,732 securities at a price of 4.536 GBP per unit. It also provides information on cash-settled derivative transactions and stock-settled derivative transactions, as well as other relevant details.
The disclosure concludes with information on indemnity and other dealing arrangements, stating that there are no such agreements, arrangements, or understandings. It also confirms that there are no agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made on 26th April 2024 and is in compliance with Rule 8 of the Code.