HSBC Global Asset Management (UK) PLC has disclosed a 1.28% interest in Barratt Developments plc, representing 12,451,819 ordinary shares. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure also includes details of a sale of 664 10p ordinary shares at a price of 458.8 per unit. The disclosure does not include any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives. No supplemental form 8 (open positions) is attached to the disclosure. The disclosure was made on 2nd May 2024.
This disclosure provides insight into HSBC Global Asset Management's position in Barratt Developments plc, shedding light on their ownership and dealings with the company's securities. It offers transparency in line with regulatory requirements and contributes to the overall market surveillance and disclosure obligations. The information presented in the disclosure is crucial for investors, analysts, and regulatory bodies to understand the ownership and trading activities of significant stakeholders in Barratt Developments plc.