HSBC Global Asset Management (UK) PLC has disclosed a 1.28% stake in Barratt Developments plc, representing 12,437,178 ordinary shares. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure also includes details of purchases and sales of 10p ordinary shares, with 22,698 securities purchased at a price of 452.18372103269 per unit.
The disclosure further indicates that HSBC Global Asset Management is making disclosures in respect of another party to the offer. Additionally, the form outlines that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure was made on 17th April 2024, and the contact person for the disclosure is Steven Styles, with a provided telephone number. The form also notes that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and that the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.
This disclosure provides insight into HSBC Global Asset Management's stake in Barratt Developments plc and their recent dealings with the company's securities, offering transparency in line with regulatory requirements.