Royal Bank of Canada's asset management arm, RBC Global Asset Management Inc., has disclosed a 2.85% stake in Barratt Developments PLC. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that RBC Global Asset Management Inc. owns and/or controls 27,784,608 relevant securities of Barratt Developments PLC. The disclosure was made on 21st August 2024, and it includes details of purchases and sales of relevant securities, as well as information on derivative transactions.
The disclosure includes the purchase of 368 securities of UNSPADR REP 10 ORD at a price of 14.3500 USD per unit. It also indicates that there were no cash-settled derivative transactions, stock-settled derivative transactions, or other dealings, such as subscribing for new securities. Furthermore, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides comprehensive information in accordance with the regulatory requirements, including the full name of the discloser, the owner or controller of interests and short positions disclosed, the name of the offeror/offeree, and the date of the position held/dealing undertaken. Additionally, it includes contact information for further inquiries and compliance with the disclosure requirements of the Code.
This disclosure by Royal Bank of Canada provides transparency regarding its significant stake in Barratt Developments PLC, offering insights into the investment activities of RBC Global Asset Management Inc. and its position in the relevant securities of the company.