Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.45% 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 interests and short positions in the relevant securities of Barratt Developments plc. Legal & General Investment Management (Holdings) Ltd. revealed that they own and/or control 23,941,985 relevant securities, representing 2.45% of the total. Additionally, the disclosure mentions that the entity has made dealings with the relevant securities, including a sale of 18,745 securities at a price of GBP 4.476 per unit.
The disclosure also indicates that Legal & General Investment Management (Holdings) Ltd. is making disclosures in respect of another party to the offer, Redrow plc. The disclosure further includes information about the nature of the dealings, such as purchases and sales, as well as details of any indemnity or option arrangement, which in this case, is stated as none. The disclosure concludes with contact information and regulatory requirements.
This disclosure provides insight into Legal & General Investment Management (Holdings) Ltd.'s significant stake in Barratt Developments plc, shedding light on their recent dealings and positions in the company's securities. It offers transparency in line with regulatory requirements and serves as valuable information for investors and market analysts.