Royal Bank of Canada (RBC) has disclosed a 2.8279% interest in Barratt Developments Plc, representing 27,560,577 relevant securities. The disclosure, made on 3rd April 2024, under Rule 8.3 of the Takeover Code, also revealed a sale of 2,548 securities at a price of 4.7466 GBP per unit. RBC Global Asset Management Inc. is the owner or controller of the disclosed interests and short positions.
The disclosure also stated that there were no cash-settled derivative transactions, stock-settled derivative transactions, or other dealings, such as subscribing for new securities. Furthermore, there were no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides transparency regarding RBC's position in Barratt Developments Plc, in accordance with the regulatory requirements. It offers insights into the ownership and control of relevant securities, as well as recent dealings in the securities of the company. This information is crucial for investors and market participants to understand the positions and activities of significant stakeholders in Barratt Developments Plc.