Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.40% stake in Barratt Developments plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes details of the relevant securities owned and/or controlled, which amount to 23,459,301 shares. The disclosure also mentions that Legal & General Investment Management (Holdings) Ltd. has made purchases and sales of Barratt Developments plc's securities, with 8,532 shares sold at a price of GBP 5.104 per unit.
The disclosure also indicates that Legal & General Investment Management (Holdings) Ltd. is making disclosures in respect of another party to the offer, Redrow plc. The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form for open positions is attached to the disclosure.
This disclosure provides insight into Legal & General Investment Management (Holdings) Ltd.'s significant stake in Barratt Developments plc, as well as its recent dealings with the company's securities. It offers transparency regarding the ownership and control of relevant securities, as well as the nature of the transactions undertaken.