HSBC Global Asset Management (UK) PLC has disclosed a 1.28% interest in Barratt Developments plc, representing 12,455,261 ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, includes details of recent dealings in Barratt Developments' securities. The disclosure indicates that HSBC Global Asset Management sold 3,303 ordinary shares at a price of 445.006357856494 per unit and purchased 6,141 ordinary shares at a price of 446.466194430874 per unit on 18th April 2024.
The disclosure also highlights that HSBC Global Asset Management has not entered into any indemnity or option arrangements, agreements, or understandings relating to options or derivatives with any party to the offer or any person acting in concert with a party to the offer. Additionally, no supplemental form 8 (open positions) is attached to the disclosure.
This disclosure provides insight into HSBC Global Asset Management's recent dealings and position in Barratt Developments plc, offering transparency in line with regulatory requirements. It sheds light on the ownership and control of relevant securities, as well as recent transactions involving Barratt Developments' securities.