JPMorgan Asset Management has released a Form 8.3 disclosure regarding its interests in Barratt Developments plc. The disclosure, in accordance with Rule 8.3 of the Takeover Code, provides key information about the positions and dealings of JPMorgan Asset Management in relation to Barratt Developments plc's relevant securities.
As of the latest practicable date prior to the disclosure, JPMorgan Asset Management holds 1.51% of the 10p ordinary shares of Barratt Developments plc, representing 14,715,323 relevant securities owned and/or controlled. Additionally, there are cash-settled derivatives amounting to 0.16% of the shares, totaling 1,573,252. The disclosure also includes details of a sale of 45,140 securities at a price of 4.9680 GBP per unit.
The disclosure further indicates that JPMorgan Asset Management is making disclosures in respect of another party to the offer, Redrow plc. It also mentions a decrease in the holding of 32,186 Ordinary Shares due to a transfer. The disclosure provides comprehensive information about the interests, short positions, and dealings by JPMorgan Asset Management in relation to Barratt Developments plc.
The disclosure does not include any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives. It also confirms that no Supplemental Form 8 (Open Positions) is attached to the disclosure. The contact person for the disclosure is Natasha Mondon, with a provided telephone number for further inquiries.
This Form 8.3 disclosure by JPMorgan Asset Management offers detailed insights into its positions and dealings with Barratt Developments plc's relevant securities, in compliance with the regulatory requirements of the Takeover Code.