Robeco Institutional Asset Management B.V. has disclosed a 1.21% stake in Barratt Developments PLC, a significant holding that requires public disclosure under Rule 8.3 of the Takeover Code. The disclosure, made on 2nd August 2024, reveals that Robeco Institutional Asset Management B.V. owns and/or controls 11,811,892 relevant securities of Barratt Developments PLC. Additionally, the disclosure includes details of a purchase of 116,651 securities at a price of 5.32 GBP per unit.
The disclosure also indicates that there are no indemnity or other dealing arrangements in place, and no agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) is attached to the disclosure.
This public disclosure provides valuable insight into the significant stake held by Robeco Institutional Asset Management B.V. in Barratt Developments PLC, offering transparency to the market and stakeholders. It also underscores the confidence of institutional investors in the company's prospects and performance.