Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.46% stake in Barratt Developments plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes details of the relevant securities owned and/or controlled, as well as any dealings by the person making the disclosure. The disclosure also mentions that Legal & General Investment Management (Holdings) Ltd. is making disclosures in respect of another party to the offer, Redrow plc.
The disclosure indicates that Legal & General Investment Management (Holdings) Ltd. owns 24,000,283 relevant securities of Barratt Developments plc, representing 2.46% of the total. Additionally, it details a sale of 82,913 securities at a price of GBP 4.656 per unit.
The disclosure also includes information about the absence of indemnity and other dealing arrangements, as well as agreements, arrangements, or understandings relating to options or derivatives. It concludes with contact information and regulatory requirements for public disclosures under Rule 8 of the Code.
This disclosure provides insight into Legal & General Investment Management (Holdings) Ltd.'s significant stake in Barratt Developments plc and its related dealings, offering transparency to the market and stakeholders.