The Government of the State of Kuwait has disclosed a 1.29% stake in Barratt Developments PLC. The disclosure was made under Rule 8.3 of the Takeover Code. The government of Kuwait has revealed that it owns and/or controls 12,570,251 relevant securities of Barratt Developments PLC. The disclosure also includes details of a purchase of 334,147 securities at a price of 5.304328 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 the nature of the dealing, specifying that it was a purchase of 10p ordinary shares.
The form also includes a section for other information, where the government of Kuwait has stated that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form is attached to the disclosure.
The contact person for this disclosure is Paul Drake, with a telephone number of 0207 296 4593. The disclosure was made on 2nd August 2024. 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 in relation to the Code's disclosure requirements.
This disclosure provides insight into the ownership and dealing activities of the Government of Kuwait in relation to Barratt Developments PLC and Redrow plc, offering transparency to the market and investors.