Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.35% stake in Barratt Developments plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes the number of relevant securities owned and/or controlled, which amounts to 22,974,781 shares. The disclosure also mentions a change in the holding of 6,061 shares since the last disclosure on 01/08/24, attributed to the transfer in of a discretionary holding.
The disclosure further details the dealings made by Legal & General Investment Management (Holdings) Ltd., including the purchase of 93,127 securities at a price of GBP 5.21 per unit and the sale of 1,187 securities at the same price per unit. Additionally, the disclosure states that the entity is making disclosures in respect of another party to the offer, Redrow plc.
The disclosure also includes information about the nature of the rights to subscribe for new securities, which in this case is stated as "N/A." Furthermore, it mentions that there are no indemnity or other dealing arrangements, and no agreements, arrangements, or understandings relating to options or derivatives.
The disclosure concludes with administrative details such as the date of disclosure, contact name, and telephone number. It also notes that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and provides contact information for the Panel's Market Surveillance Unit for consultation in relation to the Code's disclosure requirements.