Marathon Asset Management Limited has disclosed a 1.22% stake in Barratt Developments plc, representing 11,867,694 ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that the position was held as of 16 April 2024. Marathon Asset Management Limited clarified that it does not have discretion regarding voting decisions in respect of 1,477,835 shares included in the total. The disclosure also revealed the sale of 16,880 ordinary shares at a price of 4.4801 per unit.
The disclosure did not include any indemnity or other dealing arrangements, and there were no agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form for open positions was attached to the disclosure. The contact person for the disclosure is Christopher Bogg, with a provided telephone number for further inquiries.
This disclosure provides insight into Marathon Asset Management Limited's stake in Barratt Developments plc and its recent dealings with the company's securities. It offers transparency regarding the ownership and control of relevant securities, aligning with regulatory requirements for public disclosures under Rule 8 of the Code.