Royal Bank of Canada (RBC) has disclosed a 2.8354% stake in Barratt Developments Plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. RBC Global Asset Management Inc. is the owner or controller of the disclosed interests and short positions. The disclosure, dated 8th April 2024, indicates that RBC owns and/or controls 27,633,314 relevant securities of Barratt Developments Plc.
The disclosure also includes details of dealings by RBC, which involve the purchase of 72,797 securities at a price of 4.6890 GBP per unit. The disclosure does not indicate any cash-settled derivative transactions or stock-settled derivative transactions. Furthermore, it states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides comprehensive information about RBC's position and dealings in Barratt Developments Plc, in compliance with the regulatory requirements of the Code. It offers transparency regarding RBC's interests and short positions in the relevant securities of Barratt Developments Plc, contributing to the overall market surveillance and regulatory transparency.