Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.39% 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 21 June 2024. Legal & General Investment Management (Holdings) Ltd. also disclosed dealings in Barratt Developments plc's securities, including purchases and sales of ordinary shares at specific prices per unit.
The disclosure further details the interests and short positions in the relevant securities of Barratt Developments plc, as well as any rights to subscribe for new securities. It also mentions that the discloser is making disclosures in respect of another party to the offer, Redrow plc. The disclosure does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The information provided in the disclosure is in compliance with the regulatory requirements, and it offers transparency regarding Legal & General Investment Management (Holdings) Ltd.'s stake in Barratt Developments plc. This disclosure provides valuable insights for investors and market participants regarding the ownership and dealings of significant shareholders in Barratt Developments plc.