The Government of the State of Kuwait has disclosed a 1.25% stake in Barratt Developments PLC. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The transaction, which took place on 12th July 2024, involved the purchase of 80,000 10p ordinary shares at a price of 4.9716 GBP per unit.
The disclosure also revealed that the Government of Kuwait is making disclosures in respect of another party to the offer, Redrow plc. The form further detailed that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides transparency regarding the Government of Kuwait's interests and short positions in Barratt Developments PLC, offering valuable information to the market and stakeholders. This move aligns with regulatory requirements and contributes to maintaining an open and fair market for all investors.