HSBC Global Asset Management (UK) PLC has disclosed a 1.26% stake in Barratt Developments plc, representing 12,284,625 ordinary shares. The disclosure was made on 15th July 2024, following a purchase of 620 10p ordinary shares at a price of 497.8 per unit on 12th July 2024.
The disclosure was made in accordance with Rule 8.3 of the Takeover Code, which requires public disclosure of any dealings in relevant securities representing 1% or more. HSBC Global Asset Management also confirmed that there are no indemnity or option arrangements, agreements, or understandings relating to relevant securities.
This disclosure provides insight into the ownership and control of interests in Barratt Developments plc by HSBC Global Asset Management, shedding light on the investment activities and positions of the disclosing entity in the company.