The Government of the State of Kuwait has disclosed a 1.07% interest in Barratt Developments plc. The disclosure, made under Rule 8.3 of the Takeover Code, includes details of the relevant securities owned and controlled, as well as recent dealings. The disclosure indicates that the Kuwait Investment Office sold 271,727 10p ordinary shares at a price of 4.886341 GBP per unit on 8th May 2024.
The disclosure also mentions that the Kuwait Investment Office is making disclosures in respect of another party to the offer, Redrow plc, with an opening submission dated 13th February 2024. The form does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides comprehensive information about the Kuwait Investment Office's interests and short positions in Barratt Developments plc, as well as recent dealings. It offers transparency regarding the ownership and control of relevant securities, in compliance with the regulatory requirements of the Takeover Code.