Royal Bank of Canada (RBC) has disclosed its position in Barratt Developments Plc, as per the requirements of Rule 8.3 of the Takeover Code. The disclosure, made on 13th May 2024, reveals that RBC Global Asset Management Inc. holds 2.8354% of the relevant securities of Barratt Developments Plc, representing 27,634,036 shares. The disclosure also includes details of recent dealings by RBC, such as the sale of 130 UNSPADR REP 10 ORD securities at 12.3600 USD per unit and the purchase of 853 ORD 10P securities at 4.9175 GBP per unit.
The disclosure further outlines that RBC has not entered into any indemnity or option arrangements, agreements, or understandings relating to options or derivatives with any party to the offer or any person acting in concert with a party to the offer. Additionally, no supplemental form for open positions is attached to the disclosure.
The disclosure provides a comprehensive overview of RBC's interests and short positions in Barratt Developments Plc, as well as the recent dealings by RBC. It adheres to the regulatory requirements of Rule 8.3 of the Takeover Code, ensuring transparency in the market.