Royal Bank of Canada's asset management arm, RBC Global Asset Management Inc., has disclosed a 2.8540% stake in Barratt Developments plc. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that RBC Global Asset Management Inc. owns and/or controls 27,815,063 relevant securities of Barratt Developments plc. The disclosure also includes details of recent dealings, including the sale of 204,003 securities at a price of 4.9898 GBP per unit.
The disclosure further indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form is attached to the disclosure. The contact person for the disclosure is Michael Taylor, with a provided telephone number for further inquiries.
This disclosure provides insight into the significant stake held by Royal Bank of Canada's asset management arm in Barratt Developments plc, offering transparency to the market and stakeholders regarding the ownership and recent dealings of relevant securities.