Marathon Asset Management Limited has disclosed a 1.22% stake in Barratt Developments plc, as of April 5, 2024. The disclosure, made under Rule 8.3 of the Takeover Code, reveals that Marathon Asset Management Limited owns and/or controls 11,901,978 ordinary shares of Barratt Developments plc. The disclosure also includes details of a sale of 22,023 ordinary shares at a price of 4.6521 per unit.
The disclosure further indicates that Marathon Asset Management Limited does not have discretion regarding voting decisions in respect of 1,477,835 shares included in the total ownership. Additionally, the disclosure states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure does not include any supplemental form for open positions and was made to a Regulatory Information Service on April 8, 2024. For further information, the contact person is Christopher Bogg, reachable at 0207 497 2211.