Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.36% stake in Barratt Developments plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes the date of the position held, which was 19th July 2024. Additionally, the disclosure mentions that Legal & General Investment Management (Holdings) Ltd. is also making disclosures in respect of another party to the offer, Redrow plc.
The disclosure further details the interests and short positions in the relevant securities of Barratt Developments plc following the dealing. It states that Legal & General Investment Management (Holdings) Ltd. owns and/or controls 23,006,888 relevant securities, representing 2.36% of the total. The disclosure also includes information about purchases and sales of the relevant securities, including the number of securities and the price per unit.
Furthermore, the disclosure confirms that there are no indemnity and other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. It also states that no supplemental form is attached to the disclosure.
The disclosure was made on 22nd July 2024, and the contact person for the disclosure is James Brown, with a provided telephone number for further inquiries.
This disclosure provides important information about the stake held by Legal & General Investment Management (Holdings) Ltd. in Barratt Developments plc, offering transparency to the market and investors about the ownership and control of relevant securities.