Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.37% stake in Barratt Developments plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes the date of the position held and dealings undertaken, which was on 16 August 2024. Legal & General Investment Management (Holdings) Ltd. also stated that it is making disclosures in respect of another party to the offer, Redrow plc.
The disclosure further details the interests and short positions in the relevant securities of Barratt Developments plc. Legal & General Investment Management (Holdings) Ltd. owns and/or controls 23,117,773 relevant securities, representing 2.37% of the total. Additionally, the disclosure includes the purchase of 129,611 securities at a price of GBP 5.368544 per unit.
The disclosure also includes information about indemnity and other dealing arrangements, stating that there are no such agreements, arrangements, or understandings. Furthermore, there are no agreements, arrangements, or understandings relating to options or derivatives.
The disclosure was made on 19 August 2024, and the contact person for the disclosure is James Brown, with a provided telephone number for further inquiries. The disclosure was made to a Regulatory Information Service, in compliance with Rule 8 of the Code.