JPMorgan Asset Management has released a Form 8.3 disclosure related to Barratt Developments plc. The disclosure, in accordance with Rule 8.3 of the Takeover Code, provides key information about the positions and dealings of the person making the disclosure. The disclosure date is 08 April 2024, with the latest practicable date prior to the disclosure being 05 April 2024.
JPMorgan Asset Management holds 1.62% of the 10p ordinary shares of Barratt Developments plc, representing 15,811,934 relevant securities owned and/or controlled. Additionally, they have cash-settled derivatives amounting to 0.15% and stock-settled derivatives (including options) and agreements to purchase/sell totaling 1.77%. The disclosure also includes details of purchases and sales of the relevant securities, with 3,015 securities purchased and 95,888 securities sold at a price of 4.6550 GBP per unit.
The disclosure further states that JPMorgan Asset Management is making disclosures in respect of another party to the offer, Redrow plc. The form also includes information about indemnity and other dealing arrangements, as well as agreements, arrangements, or understandings relating to options or derivatives. It is noted that there are no such agreements, arrangements, or understandings in place.
The disclosure concludes with contact information and regulatory requirements. It is a comprehensive overview of JPMorgan Asset Management's positions and dealings related to Barratt Developments plc, providing transparency in line with regulatory requirements.