Marathon Asset Management Limited has disclosed a 1.22% stake in Barratt Developments plc, as of April 9, 2024. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Marathon Asset Management Limited owns and/or controls 11,887,221 ordinary shares of Barratt Developments plc. The disclosure also indicates that the company does not have discretion regarding voting decisions in respect of 1,477,835 shares included in the total ownership. Additionally, the disclosure includes details of a sale of 14,757 ordinary shares at a price of 4.6802 per unit.
The disclosure does not include any cash-settled derivative transactions, stock-settled derivative transactions, or other dealings, and there are no indemnity or other dealing arrangements or agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure.
The disclosure was made by Marathon Asset Management Limited and includes the contact name Christopher Bogg and telephone number 0207 497 2211 for further inquiries. Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.