Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.40% stake in Barratt Developments plc. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Legal And General Investment Management (Holdings) Ltd. owns and/or controls 23,393,347 relevant securities of Barratt Developments plc. The disclosure also includes details of recent dealings, such as the purchase and sale of securities, with specific quantities and prices per unit.
The disclosure also mentions that Legal And General Investment Management (Holdings) Ltd. is making disclosures in respect of another party to the offer, Redrow plc. However, no details regarding this disclosure are provided in the news release.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives disclosed. Additionally, no supplemental form for open positions is attached to the disclosure.
The news release provides contact information for James Brown, indicating that 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.