BlackRock, Inc. has disclosed a significant stake in Barratt Developments plc, representing 11.80% of the company's relevant securities. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that BlackRock, Inc. owns 94,860,402 shares and has cash-settled derivatives amounting to 20,230,069 shares. Additionally, the company has made recent dealings, including purchases and sales of Barratt Developments plc's 10p ordinary shares, as well as cash-settled derivative transactions.
The disclosure also reveals that BlackRock, Inc. has an interest in Redrow plc, indicating that the company is making disclosures in respect of multiple parties to the offer. The detailed breakdown of the positions and dealings provides insight into the significant ownership and trading activities involving Barratt Developments plc's securities.
The disclosure does not include any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form for open positions is attached to the disclosure. The information was disclosed on 4th June 2024, and the contact person for the disclosure is Jana Blumenstein, with a provided telephone number for further inquiries.
This disclosure provides valuable information about the ownership and trading activities of BlackRock, Inc. in relation to Barratt Developments plc, offering transparency to the market and stakeholders regarding the significant stake and recent dealings in the company's securities.