Norges Bank has disclosed a 2.20% stake in Barratt Developments plc, as of 28th June 2024. The disclosure was made under Rule 8.3 of the Takeover Code. Norges Bank revealed that it owns and/or controls 21,470,697 relevant securities of Barratt Developments plc. The disclosure also includes details of the purchases and sales of 10p ordinary shares, with specific quantities and prices per unit. Additionally, the disclosure mentions that Norges Bank is making disclosures in respect of another party to the offer, Redrow plc.
The disclosure does not include any open stock-settled derivative positions or agreements to purchase or sell relevant securities. It also states that there are no indemnity or option 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 Norges Bank's significant stake in Barratt Developments plc and its recent dealings with the company's securities. It offers transparency regarding the ownership and control of relevant securities, as well as the nature of the disclosed transactions.