Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.45% interest in Barratt Developments plc. The disclosure, made under Rule 8.3 of the Takeover Code, includes details of the relevant securities owned and/or controlled, as well as recent dealings. The disclosure also mentions that the company is making disclosures in respect of another party to the offer, Redrow plc.
The disclosure indicates that Legal & General Investment Management (Holdings) Ltd. currently owns 23,960,730 relevant securities of Barratt Developments plc, representing 2.45% of the total. The company recently engaged in both sales and purchases of the relevant securities, with 21,305 securities sold at GBP 4.583 per unit and 2,174 securities purchased at GBP 4.593 per unit.
The disclosure also includes information about the absence of indemnity and other dealing arrangements, as well as agreements, arrangements, or understandings relating to options or derivatives. It further states that no Supplemental Form 8 (Open Positions) is attached to the disclosure.
This disclosure provides valuable insight into the recent activities and holdings of Legal & General Investment Management (Holdings) Ltd. in relation to Barratt Developments plc, offering transparency to the market and stakeholders.