Marathon Asset Management Limited has disclosed a 1.16% interest in Barratt Developments plc, representing 11,324,057 ordinary shares. The disclosure, made on 25th June 2024, includes details of the interests and short positions in the relevant securities. Marathon Asset Management Limited clarified that they do not have discretion regarding voting decisions in respect of 1,439,249 shares included in the total. The disclosure also includes details of purchases and sales of ordinary shares, with 457 shares purchased at a price of 4.7233 per unit.
The disclosure further outlines that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form 8 (open positions) is attached to the disclosure. The contact person for the disclosure is Christopher Bogg, with a telephone number provided for further inquiries.
This disclosure is in accordance with Rule 8.3 of the Takeover Code and is a public opening position disclosure/dealing disclosure by Marathon Asset Management Limited, a person with interests in relevant securities representing 1% or more.