Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.37% stake in Barratt Developments plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes details of the relevant securities owned and controlled, as well as any dealings by the person making the disclosure. Legal & General Investment Management (Holdings) Ltd. also stated that it is making disclosures in respect of another party to the offer, Redrow plc.
The disclosure reveals that Legal & General Investment Management (Holdings) Ltd. currently owns and/or controls 23,116,984 relevant securities of Barratt Developments plc, representing 2.37% of the total. The disclosure also includes information about purchases and sales of the relevant securities, with details of the number of securities and the price per unit.
Furthermore, the disclosure indicates that there are no indemnity or other dealing arrangements, and no agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form for open positions is attached to the disclosure.
The disclosure was made on 23 August 2024, and the contact person for the disclosure is James Brown, with a provided telephone number for further inquiries.
This disclosure provides insight into the significant stake held by Legal & General Investment Management (Holdings) Ltd. in Barratt Developments plc, offering transparency in line with regulatory requirements.