HSBC Global Asset Management (UK) PLC has disclosed a 1.28% stake in Barratt Developments PLC, as of April 30, 2024. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. HSBC Global Asset Management revealed that it owns and/or controls 12,452,483 relevant securities of Barratt Developments PLC. Additionally, the disclosure included details of purchases and sales of 10p ordinary shares, with 26,427 shares purchased at a price of 455.961749347258 per unit and 3,136 shares sold at 454.7 per unit.
The disclosure did not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form was attached to the disclosure. The contact person for the disclosure is Steven Styles, with a provided telephone number for further inquiries.
This disclosure provides insight into HSBC Global Asset Management's significant stake in Barratt Developments PLC and their recent dealings with the company's securities. It offers transparency to the market and investors regarding the ownership and trading activities of a major asset management firm in relation to Barratt Developments PLC.