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 date of the position held, which was 14 June 2024. Additionally, the disclosure mentions that Legal & General Investment Management (Holdings) Ltd. is also making disclosures in respect of another party to the offer, Redrow plc.
The disclosure provides details of the interests and short positions in the relevant securities of Barratt Developments plc. Legal & General Investment Management (Holdings) Ltd. owns and/or controls 23,361,423 relevant securities, representing 2.39% of the total. The disclosure also includes details of a sale of 570 securities at a price of GBP 4.889 per unit.
Furthermore, the disclosure states that there are no indemnity and other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. It also confirms that no Supplemental Form 8 (Open Positions) is attached to the disclosure.
The contact person for the disclosure is James Brown, with a provided telephone number for further inquiries. The disclosure emphasizes 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 provides transparency about Legal & General Investment Management (Holdings) Ltd.'s stake in Barratt Developments plc and ensures compliance with the regulatory requirements of the Takeover Code.