Marathon Asset Management Limited has disclosed a 1.22% stake in Barratt Developments plc, as of April 2, 2024. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. Marathon Asset Management Limited owns and/or controls 11,924,001 ordinary shares of Barratt Developments plc. The company clarified that it does not have discretion regarding voting decisions in respect of 1,477,835 shares included in the total. Additionally, the disclosure stated that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. No supplemental form 8 (open positions) was attached to the disclosure.

The disclosure also included details of a sale transaction, where Marathon Asset Management Limited sold 3,333 ordinary shares of Barratt Developments plc at a price of 4.7343 per unit. The disclosure did not include any cash-settled derivative transactions, stock-settled derivative transactions, or other dealings, such as subscribing for new securities.

The disclosure was made by Marathon Asset Management Limited and the contact person for the disclosure is Christopher Bogg, who can be reached at 0207 497 2211. Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and the Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.