BlackRock Group has disclosed a position in Barratt Developments plc, representing 10.17% of the company's relevant securities. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that BlackRock, Inc. owns 89,685,222 relevant securities and has cash-settled derivatives amounting to 9,445,002. Additionally, the disclosure includes details of purchases and sales of 10p ordinary shares, as well as cash-settled derivative transactions involving increasing and reducing long and short positions.
The disclosure also outlines that BlackRock, Inc. has no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. The information provided in the disclosure is in compliance with the regulatory requirements for public opening position disclosure/dealing disclosure by a person with interests in relevant securities representing 1% or more.
This disclosure provides valuable insight into the significant position held by BlackRock Group in Barratt Developments plc, offering transparency and clarity regarding their interests and dealings with the company's securities.