Dimensional Fund Advisors Ltd. has disclosed its position in Barratt Developments PLC, stating that it holds 1.52% of the company's 10p ordinary shares, representing 14,850,625 shares. The disclosure also mentions that Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 172,680 shares that are included in the total above. The disclosure further includes details of purchases and sales of the relevant securities, including the number of securities and price per unit.
The disclosure by Dimensional Fund Advisors Ltd. is in accordance with Rule 8.3 of the Takeover Code, which requires public opening position disclosure/dealing disclosure by a person with interests in relevant securities representing 1% or more. The disclosure provides transparency about the ownership and control of interests and short positions in Barratt Developments PLC.
This disclosure is important for investors and market participants as it provides insight into the ownership and control of relevant securities of Barratt Developments PLC. It also sheds light on the dealings and transactions related to the company's securities, contributing to the overall transparency and understanding of the market dynamics.
Overall, the disclosure by Dimensional Fund Advisors Ltd. regarding its position in Barratt Developments PLC's ordinary shares provides valuable information for investors, analysts, and other stakeholders, enabling them to make informed decisions and understand the market activity related to the company's securities.