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 details of the relevant securities owned and/or controlled, which amount to 23,308,494 shares. Additionally, the disclosure mentions dealings, including the sale of 4,639 securities at a price of GBP 4.759 per unit.
The disclosure also indicates that Legal & General Investment Management (Holdings) Ltd. 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.
This disclosure provides insight into the significant stake held by Legal & General Investment Management (Holdings) Ltd. in Barratt Developments plc, offering transparency to the market and investors regarding the ownership and dealings of relevant securities.