Marathon Asset Management Limited has disclosed its position in Barratt Developments plc, representing 1.16% of the company's ordinary shares. The disclosure, made in accordance with Rule 8.3 of the Takeover Code, indicates that Marathon Asset Management Limited owns and/or controls 11,326,235 ordinary shares of Barratt Developments plc. The disclosure also includes details of recent dealings, such as the purchase of 11,833 ordinary shares at a price of 4.9091 per unit.
The disclosure further outlines that Marathon Asset Management Limited does not have discretion regarding voting decisions in respect of 1,441,884 shares included in the total disclosed. Additionally, the form specifies that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure, dated 18 June 2024, provides a comprehensive overview of Marathon Asset Management Limited's interests and short positions in Barratt Developments plc, as well as recent dealings in the company's securities. It adheres to the regulatory requirements for public opening position disclosure and dealing disclosure by a person with interests in relevant securities representing 1% or more, as per the Takeover Code.