The Government of the State of Kuwait has disclosed a 1.25% stake in Barratt Developments PLC. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The transaction, which took place on 12th July 2024, involved the purchase of 80,000 10p ordinary shares at a price of 4.9716 GBP per unit.
The disclosure also revealed that the Government of Kuwait has an interest in Redrow plc, as indicated in the opening submission dated 13/02/2024. The disclosure did not include any indemnity or other dealing arrangements, and there were no agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides transparency regarding the Government of Kuwait's interests in Barratt Developments PLC and Redrow plc, in line with regulatory requirements. This information is crucial for stakeholders and investors to understand the ownership and control of relevant securities in these companies.