Franklin Resources, Inc. has disclosed a public opening position in Barratt Developments plc, representing 4.57% of the 10p ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Franklin Resources, Inc. owns and/or controls 44,494,967 relevant securities of Barratt Developments plc as of 11/07/2024. The disclosure also mentions that Franklin Resources, Inc. is making disclosures in respect of another party to the offer, Redrow plc.
The disclosure does not include any cash-settled derivatives or stock-settled derivatives. It also states 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.
For any further public disclosures under Rule 8 of the Code, it is required to be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.
This disclosure provides insight into the significant position held by Franklin Resources, Inc. in Barratt Developments plc, offering transparency to the market and stakeholders regarding the ownership and control of relevant securities in the company.