Marathon Asset Management Limited has disclosed its position in Barratt Developments plc, as of 30th April 2024. The disclosure indicates that Marathon Asset Management Limited owns and/or controls 1.18% of the ordinary shares of Barratt Developments plc, amounting to 11,504,228 shares. The disclosure also mentions that Marathon Asset Management Limited does not have discretion regarding voting decisions in respect of 1,454,358 shares that are included in the total above.
Additionally, the disclosure includes details of a sale of 116,042 ordinary shares at a price of 4.5470 per unit. It also states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides a comprehensive overview of Marathon Asset Management Limited's position and dealings with Barratt Developments plc, in compliance with Rule 8.3 of the Takeover Code. It offers transparency regarding the ownership and control of relevant securities, as well as the nature of the dealings undertaken by Marathon Asset Management Limited.