The Government of the State of Kuwait has disclosed a 1.12% stake in Barratt Developments PLC. The disclosure was made under Rule 8.3 of the Takeover Code. The government entity revealed that it owns and/or controls 10,947,390 relevant securities of Barratt Developments PLC. Additionally, the disclosure includes details of a sale of 250,000 securities at a price of 4.505538 GBP per unit on 24th April 2024.
The disclosure also mentions that the Government of Kuwait is making disclosures in respect of another party to the offer, Redrow plc. However, no further details regarding this disclosure were provided in the news release.
The disclosure does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form for open positions was attached to the disclosure.
For any further information or consultation regarding the disclosure requirements, the news release provides contact details for the Market Surveillance Unit and the Regulatory Information Service.
This disclosure by the Government of Kuwait provides insight into the ownership and control of relevant securities in Barratt Developments PLC, offering transparency to the market and investors.