The Government of the State of Kuwait has disclosed a 1.09% stake in Barratt Developments PLC. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes details of the relevant securities owned and controlled, as well as any dealings undertaken. The government of Kuwait also disclosed dealings in the form of a sale of 278,770 10p ordinary shares at a price of 4.494645 GBP per unit.
The disclosure also mentions that the government of Kuwait is making disclosures in respect of another party to the offer, Redrow plc. The form also includes information about any agreements, arrangements, or understandings relating to options or derivatives, with the disclosure stating that there are none.
The disclosure provides comprehensive information about the government of Kuwait's interests and short positions in Barratt Developments PLC, as well as the details of the recent dealings. It offers transparency regarding the government of Kuwait's stake in the company and its related transactions, in line with regulatory requirements.