Royal Bank of Canada (RBC) has disclosed a 2.8354% stake in Barratt Developments plc, representing 27,633,339 relevant securities. The disclosure was made on 10th April 2024. RBC Global Asset Management Inc. is the owner or controller of the interests and short positions disclosed. The disclosure was made in accordance with Rule 8.3 of the Takeover Code.
The disclosure also includes details of dealings by RBC, including the purchase of 25 securities at a price of 4.7020 GBP per unit. The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides comprehensive information about RBC's position and dealings in Barratt Developments plc, in compliance with the regulatory requirements of the Code. It is a significant indication of RBC's interest and involvement in the relevant securities of Barratt Developments plc.