Dimensional Fund Advisors Ltd. has disclosed its position in Barratt Developments PLC, stating that it holds 15,115,262 shares, representing 1.55% of the company's 10p ordinary shares. The disclosure was made in accordance with Rule 8.3 of the Takeover Code. It is important to note that Dimensional Fund Advisors Ltd. expressly disclaims beneficial ownership of the shares described in the disclosure.
The disclosure also mentioned that Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 310,762 shares that are included in the total above. Additionally, the disclosure included details of a sale of 15,311 10p ordinary shares at a price of 5.4573 GBP per unit, as well as a transfer in of 3,061 shares of 10p ordinary.
The disclosure did not include any indemnity or other dealing arrangements, and it stated that there are no agreements, arrangements, or understandings relating to options or derivatives. The disclosure was made on 15th August 2024, and it is in compliance with the requirements for public opening position disclosure/dealing disclosure by a person with interests in relevant securities representing 1% or more.
This disclosure provides valuable insight into the position of Dimensional Fund Advisors Ltd. and its affiliates in Barratt Developments PLC, offering transparency and compliance with regulatory requirements.