Schroders plc has disclosed its position in Barratt Developments PLC, stating that it owns and/or controls 6,378,326 relevant securities, representing 0.654% of the total. Additionally, the company holds 21,670 cash-settled derivatives, amounting to 0.002%. The disclosure also includes details of recent dealings, such as the sale of 9,864 securities at 4.547 GBP per unit and an increase in short position through a cash-settled option. The disclosure further mentions that Schroders plc is also making disclosures in respect of another party to the offer, Redrow Plc.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. No supplemental form is attached to the disclosure. The disclosure was made on 01/05/2024, and the contact person for the disclosure is Pavel Gyurov, with a telephone number of +442076587241.
This disclosure is in accordance with Rule 8.3 of the Takeover Code and is aimed at providing transparency regarding Schroders plc's interests in Barratt Developments PLC.