Schroders PLC has amended its Form 8.3 disclosure related to Barratt Developments PLC. The disclosure, released on 3rd April 2024, provides key information about the ownership and control of relevant securities, including interests and short positions. The disclosure indicates that Schroders PLC owns and/or controls 5,564,237 relevant securities of Barratt Developments PLC, representing 0.571% of the total. Additionally, the disclosure includes details of cash-settled derivative transactions, such as reducing short positions through call options.
The amended disclosure also highlights the expiration of cash-settled options and trades that have impacted the total position. Notably, the disclosure mentions that Schroders PLC is making disclosures in respect of another party to the offer, Redrow Plc. The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides comprehensive information about Schroders PLC's positions and dealings related to Barratt Developments PLC, in compliance with Rule 8.3 of the Takeover Code. It offers transparency regarding the ownership and control of relevant securities, as well as details of derivative transactions. The amended disclosure aims to provide accurate and up-to-date information for the benefit of investors and stakeholders.