Franklin Resources, Inc. has disclosed a 4.57% interest in Barratt Developments plc, representing 44,556,855 ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, also includes a purchase of 336 ordinary shares at a price of 4.72 GBP per unit. The disclosure further indicates that the company is making disclosures in respect of another party to the offer, Redrow plc.
The disclosure does not include any indemnity or option arrangements, and no supplemental form is attached. The contact person for the disclosure is Cathy Johnson, reachable at 954-527-7580 or [email protected]. Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and the Panel's Market Surveillance Unit is available for consultation regarding the Code's disclosure requirements.
This disclosure provides insight into Franklin Resources, Inc.'s significant interest in Barratt Developments plc and its recent purchase of additional ordinary shares, indicating its continued involvement and investment in the company.