Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.39% stake in Barratt Developments plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes the number of relevant securities owned and/or controlled, which amounts to 23,312,390 shares. Additionally, the disclosure mentions dealings in the relevant securities, including purchases and sales of Barratt Developments plc shares. The disclosed stake and transactions were made on 4th June 2024.
The disclosure also indicates that Legal & General Investment Management (Holdings) Ltd. is making disclosures in respect of another party to the offer, Redrow plc. However, no further details regarding this disclosure are provided in the news release.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives disclosed. Furthermore, no supplemental form for open positions is attached to the disclosure.
The news release provides contact information for James Brown, indicating that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and that the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.
This disclosure by Legal & General Investment Management (Holdings) Ltd. provides insight into the company's stake in Barratt Developments plc and its recent dealings with the relevant securities of the company.