Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.47% stake in Barratt Developments plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes details of the interests and short positions in the relevant securities of Barratt Developments plc. Legal & General Investment Management (Holdings) Ltd. revealed that they own and/or control 24,083,196 relevant securities, representing 2.47% of the total.
The disclosure also includes information about dealings by Legal & General Investment Management (Holdings) Ltd. in Barratt Developments plc's securities. It shows that they purchased 66,084 securities at a price of GBP 4.718506 per unit. Additionally, the disclosure states that Legal & General Investment Management (Holdings) Ltd. is making disclosures in respect of another party to the offer, Redrow plc.
Furthermore, the disclosure mentions that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. It also confirms that no supplemental form is attached to the disclosure.
The disclosure was made on 9th April 2024, and the contact person for the disclosure is Laszlo Benedek, with a provided telephone number for further consultation.
This disclosure provides valuable insight into the significant stake held by Legal & General Investment Management (Holdings) Ltd. in Barratt Developments plc, as well as their recent dealings and related disclosures.