Schroders PLC has disclosed a position in Barratt Developments PLC, representing 0.849% of the company's relevant securities. The disclosure, made under Rule 8.3 of the Takeover Code, includes 8,271,288 relevant securities owned and/or controlled by Schroders PLC, along with 23,058 cash-settled derivatives. The disclosure also mentions the sale of 382,310 10p Ordinary securities at a price of 5.42148649 GBP per unit.
The disclosure further states that Schroders PLC does not have discretion regarding dealing and/or offer acceptance/voting decisions in respect of 49,258 shares that are included in the total disclosed. Additionally, the disclosure indicates that there are no indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure was made on 16th August 2024 and is in compliance with the Code's disclosure requirements. For further information, the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.