The Government of the State of Kuwait has disclosed a 1.25% stake in Barratt Developments PLC. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that the government entity owns and/or controls 12,186,104 ordinary shares of Barratt Developments. The disclosure also includes details of a purchase of 80,000 ordinary shares at a price of 4.9716 GBP per unit on 12th July 2024.
In addition to Barratt Developments, the disclosure also mentions that the entity is making disclosures in respect of another party to the offer, Redrow PLC. The disclosure further states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides a comprehensive overview of the Kuwait Investment Office's interests and short positions in Barratt Developments PLC, in compliance with the regulatory requirements of the Takeover Code. The information offers insights into the government entity's recent dealings and positions in the company's securities, contributing to a transparent and informed market.