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 11,317,336 ordinary shares of Barratt Developments plc. The disclosure also includes details of recent dealings, such as the sale of 6,721 ordinary shares at a price of 4.7180 per unit.
The disclosure further specifies that Marathon Asset Management Limited does not have discretion regarding voting decisions in respect of 1,439,249 shares included in the total disclosed. Additionally, the form indicates that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives to be disclosed.
The disclosure was made on 27 June 2024 and includes contact information for Christopher Bogg, the designated contact for the disclosure. It is noted that no Supplemental Form 8 (Open Positions) is attached to the disclosure. The form also provides information on how to make public disclosures under Rule 8 of the Code and how to consult the Panel's Market Surveillance Unit for guidance on the Code's disclosure requirements.