BlackRock, Inc. has disclosed a significant interest 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 relevant securities and has cash-settled derivatives amounting to 20,230,069 relevant securities. Additionally, they have made purchases and sales of Barratt Developments plc's 10p ordinary shares, with 171,999 shares sold and 1,682 shares purchased at varying prices per unit.
The disclosure also reveals that BlackRock, Inc. has increased its long position in cash-settled derivative transactions by 27,962 reference securities at a price of GBP 5.0480 per unit. The report further details that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made on 4th June 2024 by Jana Blumenstein, with no supplemental form attached.
This disclosure provides valuable insight into the significant interest held by BlackRock, Inc. in Barratt Developments plc, shedding light on their positions, dealings, and relevant securities. It offers transparency and clarity regarding the ownership and control of relevant securities, as well as the nature of the transactions undertaken by BlackRock, Inc. in relation to Barratt Developments plc.