Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.40% interest in Barratt Developments plc. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Legal And General Investment Management (Holdings) Ltd. owns and/or controls 23,467,833 relevant securities of Barratt Developments plc. The disclosure was made on 20 May 2024. Additionally, the disclosure also mentions that Legal And General Investment Management (Holdings) Ltd. is making disclosures in respect of another party to the offer, Redrow plc.
The disclosure also includes details of dealings by Legal And General Investment Management (Holdings) Ltd. in Barratt Developments plc's securities. It shows that there were sales of 40,766 securities at a price of GBP 5.18746 per unit and 154,998 securities at a price of GBP 5.199072 per unit.
Furthermore, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between Legal And General Investment Management (Holdings) Ltd. and any other party.
The disclosure provides a comprehensive overview of Legal And General Investment Management (Holdings) Ltd.'s interests, positions, and dealings in Barratt Developments plc's securities, as required under Rule 8.3 of the Takeover Code. It offers valuable insights into the ownership and control of relevant securities, as well as the nature of transactions involving Barratt Developments plc's securities.