BlackRock, Inc. has disclosed a significant stake in Barratt Developments plc, representing 11.81% of the company's relevant securities. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that BlackRock, Inc. owns 94,861,624 ordinary shares and has cash-settled derivatives amounting to 20,265,332 shares. Additionally, the company has made recent dealings, including the purchase of 5,402 ordinary shares at a price of GBP 5.0680 per unit.
The disclosure also includes details of cash-settled derivative transactions, stock-settled derivative transactions, and other dealings, such as the transfer in of ADR's and transfer out of shares. Notably, the disclosure indicates that BlackRock, Inc. is making disclosures in respect of another party to the offer, Redrow plc.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form is attached to the disclosure.
This disclosure provides valuable insight into the significant stake held by BlackRock, Inc. in Barratt Developments plc, shedding light on the company's position and recent dealings in relevant securities.