Legal & General Investment Management (Holdings) Ltd. has disclosed a 2.39% stake in Barratt Developments plc. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. The disclosure includes details of the relevant securities owned and/or controlled, which amount to 23,366,060 shares. Additionally, the disclosure mentions that Legal & General Investment Management (Holdings) Ltd. has made purchases and sales of Barratt Developments plc's securities, with a sale of 27,287 shares at a price of GBP 5.032 per unit.
The disclosure also indicates that Legal & General Investment Management (Holdings) Ltd. is making disclosures in respect of another party to the offer, Redrow plc. The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form for open positions is attached to the disclosure.
The disclosure was made on 3rd June 2024, and the contact person for the disclosure is James Brown, with a telephone number provided for further inquiries. The disclosure emphasizes that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and that the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.