JPMorgan Asset Management has disclosed its position in Barratt Developments plc, as of 19th April 2024. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that JPMorgan Asset Management owns 1.62% of Barratt Developments' relevant securities, amounting to 15,779,462 shares. Additionally, they hold cash-settled derivatives and stock-settled derivatives, totaling 1.77% of the relevant securities. The disclosure also includes details of recent dealings, such as the purchase of 336 10p ordinary shares at a price of 4.4150 GBP per unit.
The disclosure further indicates that JPMorgan Asset Management is making disclosures in respect of another party to the offer, Redrow plc. The document also includes information about indemnity and other dealing arrangements, which, in this case, are stated as "none." Additionally, there are no agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made by Natasha Mondon on behalf of JPMorgan Asset Management and was released on 22nd April 2024.
This disclosure provides valuable insights into JPMorgan Asset Management's position in Barratt Developments plc, shedding light on their ownership of relevant securities and recent dealings. It offers transparency in line with regulatory requirements and contributes to the overall understanding of the company's ownership landscape.