Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.46% stake in Barratt Developments plc. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Legal And General Investment Management (Holdings) Ltd. owns and/or controls 23,979,861 relevant securities of Barratt Developments plc. The disclosure also includes details of recent dealings, with the purchase of 7,127 securities at GBP 4.595 per unit and the sale of 25,917 securities at GBP 4.6 per unit on 12 April 2024.
The disclosure also mentions that Legal And General Investment Management (Holdings) Ltd. is making disclosures in respect of another party to the offer, Redrow plc. Additionally, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure.
This disclosure provides valuable insight into the significant stake held by Legal & General Investment Management (Holdings) Ltd. in Barratt Developments plc, shedding light on the company's investment activities and positioning within the market.