The news released on 16th May 2024 by Dimensional Fund Advisors Ltd. pertains to their disclosure of a 1.35% interest in Barratt Developments PLC's ordinary shares. The disclosure is made in accordance with Rule 8.3 of the Takeover Code. Dimensional Fund Advisors Ltd. and its affiliates, as investment advisors, have explicitly disclaimed beneficial ownership of the shares described in the form 8.3. The disclosure includes the number of relevant securities owned and/or controlled, which amounts to 13,151,194 shares.
Additionally, the disclosure mentions that Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 175,694 shares that are included in the total above. The disclosure also includes details of purchases and sales of Barratt Developments PLC's ordinary shares, with a purchase of 142,175 shares at a price of 5.0641 GBP per unit. Furthermore, the disclosure states that there was a transfer in of 1,312 shares of 10p ordinary.
The news also includes a section on "Other Information," where it is stated that there are no indemnity or other dealing arrangements, and no agreements, arrangements, or understandings relating to options or derivatives. The disclosure is made in relation to Barratt Developments PLC and is in compliance with the requirements of the Takeover Code.
In summary, the news released by Dimensional Fund Advisors Ltd. on 16th May 2024 provides a comprehensive disclosure of their interests in Barratt Developments PLC's ordinary shares, including the number of shares owned and/or controlled, as well as details of purchases and sales. The disclosure is made in accordance with the relevant regulatory requirements, and the company has explicitly disclaimed beneficial ownership of the shares described in the form 8.3.