Franklin Resources, Inc. has disclosed its position in Barratt Developments plc, representing 4.60% of the company's 10p ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Franklin Resources, Inc. owns and/or controls 44,807,189 relevant securities of Barratt Developments plc. The disclosure also includes details of recent dealings, such as the sale of 174 securities at a price of 5.23 GBP per unit.
The disclosure further reveals that Franklin Resources, Inc. has made no indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form is attached to the disclosure.
For any further public disclosures under Rule 8 of the Code, Franklin Resources, Inc. is required to make them to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation regarding the Code's disclosure requirements.
This disclosure provides valuable insight into the ownership and dealings of Franklin Resources, Inc. in relation to Barratt Developments plc, offering transparency to the market and stakeholders.