Marathon Asset Management Limited has disclosed its position in Barratt Developments plc, as of 7th February 2024. The disclosure indicates that Marathon Asset Management Limited owns and/or controls 1.25% of the ordinary shares of Barratt Developments plc, amounting to 12,139,855 shares. The disclosure also notes that Marathon Asset Management Limited does not have discretion regarding voting decisions in respect of 1,125,380 shares included in the total above.

The disclosure further states that there have been no purchases, sales, cash-settled derivative transactions, stock-settled derivative transactions, or other dealings by Marathon Asset Management Limited in relation to Barratt Developments plc. Additionally, there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives disclosed in connection with Barratt Developments plc.

The disclosure provides detailed information in accordance with Rule 8.3 of the Takeover Code, including the full name of the discloser, the name of the offeror/offeree, the date position held/dealing undertaken, interests and short positions in the relevant securities, rights to subscribe for new securities, and other relevant information. The disclosure emphasizes the importance of making public disclosures under Rule 8 of the Code to a Regulatory Information Service and highlights the availability of the Panel’s Market Surveillance Unit for consultation in relation to the Code’s disclosure requirements.