Royal Bank of Canada's asset management arm, RBC Global Asset Management Inc., has disclosed a 2.8361% stake in Barratt Developments PLC. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that as of 23rd May 2024, the bank holds 27,640,124 ordinary shares of Barratt Developments. Additionally, the disclosure includes details of a recent purchase of 345 securities at a price of 4.9910 GBP per unit.
The disclosure also indicates that there have been no cash-settled derivative transactions or stock-settled derivative transactions, including options. Furthermore, there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
This public disclosure is in compliance with the regulatory requirements and provides transparency about the significant stake held by Royal Bank of Canada in Barratt Developments PLC. It offers valuable insights into the ownership and dealing activities of a major financial institution in relation to the securities of the company.