Royal Bank of Canada has disclosed a 2.8279% interest in Barratt Developments plc, representing 27,560,517 relevant securities. The disclosure, made on 8th April 2024, under Rule 8.3 of the Takeover Code, also includes the purchase and sale of a number of securities. The bank sold 225 securities at a price of 4.6580 GBP per unit and purchased 69 securities at the same price. The disclosure also indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form 8 (open positions) is attached to the disclosure.
The disclosure provides detailed information about the positions and dealings of Royal Bank of Canada and its subsidiary, RBC Global Asset Management Inc., in relation to Barratt Developments plc. It offers transparency about the bank's ownership and control of relevant securities, as well as any purchases, sales, or derivative transactions involving the securities of Barratt Developments plc.
This public disclosure is in compliance with the regulatory requirements of the Takeover Code and provides valuable information to the market and investors about the bank's interests and dealings in Barratt Developments plc. It also serves to ensure transparency and fairness in the trading of relevant securities.