Royal Bank of Canada (RBC) has disclosed a 2.8355% stake in Barratt Developments Plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. RBC Global Asset Management Inc. is the owner or controller of the disclosed interests and short positions. The disclosure, dated 13/05/2024, revealed that RBC holds 27,634,849 relevant securities of Barratt Developments Plc.
Additionally, RBC disclosed a purchase of 813 securities of Barratt Developments Plc at a price of 4.9460 GBP per unit. The disclosure did not include any cash-settled derivative transactions, stock-settled derivative transactions, or other dealings such as subscribing for new securities.
The disclosure also stated that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form was attached to the disclosure.
For any further public disclosures under Rule 8 of the Code, the Panel's Market Surveillance Unit is available for consultation. The contact person for this disclosure is Michael Taylor, with a provided telephone number for inquiries.
This disclosure provides insight into RBC's significant stake in Barratt Developments Plc and their recent purchase of additional securities, indicating their continued interest in the company's performance and potential future developments.