Marathon Asset Management Limited has disclosed a 1.22% stake in Barratt Developments plc, as of April 10, 2024. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. Marathon Asset Management Limited owns and/or controls 11,885,386 ordinary shares of Barratt Developments plc. The company has clarified that it does not have discretion regarding voting decisions in respect of 1,477,835 shares included in the total. Additionally, the disclosure indicates that there are no open stock-settled derivative positions or agreements to purchase or sell relevant securities.
The disclosure also includes details of a sale transaction, where Marathon Asset Management Limited sold 1,835 ordinary shares of Barratt Developments plc at a price of 4.5590 per unit. Furthermore, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure was made by Marathon Asset Management Limited and includes contact information for further inquiries. It is important to note that all information provided in the disclosure is in compliance with the regulatory requirements of the Code.