State Street Global Advisors has disclosed a 3.18161% interest in Barratt Developments plc, representing 31,007,708 shares. The disclosure was made on May 2, 2024, and includes details of purchases and sales of Barratt Developments plc's 10p ordinary shares. The purchases and sales were made at various prices per unit, with a total of 57,013 shares purchased and 161,396 shares sold. Additionally, the disclosure includes details of cash-settled derivatives and stock-settled derivative transactions.
The disclosure also states that State Street Global Advisors is making disclosures in respect of another party to the offer, Redrow plc. However, no further details regarding this disclosure were provided in the news release.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form is attached to the disclosure.
This disclosure is in accordance with Rule 8.3 of the Takeover Code and is a public opening position disclosure/dealing disclosure by a person with interests in relevant securities representing 1% or more. The disclosure provides key information about State Street Global Advisors' positions and dealings in Barratt Developments plc's securities, offering transparency to the market and investors.