HSBC Global Asset Management (UK) PLC has disclosed a 1.27% stake in Barratt Developments plc, as of April 4, 2024. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. HSBC Global Asset Management revealed that it owns and/or controls 12,390,506 relevant securities of Barratt Developments plc. Additionally, the disclosure includes details of purchases and sales of 10p ordinary shares, with 608 securities purchased at a price of 473 per unit.
The disclosure also indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure. The contact person for this disclosure is Steven Styles, with a provided telephone number for further inquiries.
This disclosure provides insight into HSBC Global Asset Management's stake in Barratt Developments plc, offering transparency in line with regulatory requirements. It also sheds light on the recent dealings involving the purchase of 10p ordinary shares.