The Government of the State of Kuwait has disclosed a 1.29% stake in Barratt Developments PLC. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes the purchase of 334,147 securities at a price of 5.304328 GBP per unit and an additional purchase of 50,000 securities at a price of 5.3322 GBP per unit. The total disclosed interest amounts to 12,620,251 securities.
The disclosure also mentions dealings with another party, Redrow PLC, and the purchase of relevant securities. The form indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form is attached to the disclosure.
For further details, the contact person listed is Paul Drake with a telephone number of 0207 296 4593. The disclosure was made on 6th August 2024.
This disclosure provides insight into the Government of Kuwait's stake in Barratt Developments PLC and its recent dealings with relevant securities, offering transparency to the market and stakeholders.