Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.34% stake in Barratt Developments plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes the date of the position held and dealings undertaken, which was on 26 July 2024. 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 further details the interests and short positions in the relevant securities of Barratt Developments plc following the dealing. Legal & General Investment Management (Holdings) Ltd. owns and/or controls 22,868,247 relevant securities, representing 2.34% of the total. The disclosure also includes the details of a sale of 38,890 securities at a price of GBP 5.090362 per unit.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form is attached to the disclosure.
The contact person for the disclosure is James Brown, with a provided telephone number for further inquiries. Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.