HSBC Global Asset Management (UK) PLC has disclosed a 1.24% stake in Barratt Developments plc, as of 8th August 2024. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. HSBC Global Asset Management revealed that it owns and/or controls 12,127,746 relevant securities of Barratt Developments plc. Additionally, the disclosure includes details of a sale of 4096 securities at a price of 511.3137695 per unit.
The disclosure also indicates that HSBC Global Asset Management has not entered into any indemnity or option arrangements, agreements, or understandings relating to options or derivatives in connection with Barratt Developments plc. Furthermore, no supplemental form 8 (open positions) was attached to the disclosure.
This disclosure provides insight into HSBC Global Asset Management's significant stake in Barratt Developments plc, offering transparency to the market regarding the ownership and dealing of relevant securities. It also aligns with regulatory requirements for public disclosures under Rule 8 of the Code.