Schroders PLC has disclosed its position in Redrow plc and Barratt Developments PLC in accordance with Rule 8.3 of the Takeover Code. As of 6th June 2024, Schroders PLC holds 1.138% of the 10.5p ordinary shares in Redrow plc, amounting to 3,762,980 shares. Additionally, the disclosure includes dealings in Redrow plc's securities, with 40,000 shares sold at a price of 7.180 GBP per unit.
The disclosure also mentions that Schroders PLC does not have discretion regarding dealing and/or offer acceptance or voting decisions in respect of 1,300,000 shares that are included in the total disclosed. Furthermore, the disclosure indicates that there are no indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This disclosure provides transparency regarding Schroders PLC's interests and short positions in Redrow plc and Barratt Developments PLC, ensuring compliance with regulatory requirements and promoting market integrity. It offers insights into the company's holdings and dealings, contributing to a clearer understanding of the market landscape for investors and stakeholders.