HSBC Global Asset Management (UK) PLC has disclosed a 1.27% stake in Barratt Developments plc, representing 12,378,939 ordinary shares. The disclosure was made on 5th June 2024. Additionally, HSBC Global Asset Management also revealed dealings involving the sale of 105,121 ordinary shares at a price of 508.884289533014 per unit.
The disclosure was made in accordance with Rule 8.3 of the Takeover Code, which requires public disclosure of positions and dealings in relevant securities representing 1% or more. The disclosure provides transparency about HSBC Global Asset Management's interests and short positions in Barratt Developments plc.
The disclosure did not include any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form was attached to the disclosure.
This public disclosure is an important regulatory requirement that provides transparency and information to the market and investors regarding the ownership and dealings of significant shareholders in Barratt Developments plc.