JPMorgan Asset Management has released a Form 8.3 disclosure related to Barratt Developments plc. The disclosure, in accordance with Rule 8.3 of the Takeover Code, provides key information about JPMorgan Asset Management's interests and short positions in Barratt Developments plc's relevant securities. The disclosure, dated 02 July 2024, reveals that JPMorgan Asset Management owns and/or controls 14,822,509 ordinary shares, representing 1.52% of the total relevant securities. Additionally, they hold cash-settled derivatives amounting to 1,573,252, or 0.16% of the total relevant securities.
The disclosure also includes details of recent dealings by JPMorgan Asset Management. This includes the purchase of 28,424 10p ordinary shares of Barratt Developments plc at a price of 4.7790 GBP per unit. The disclosure further states that in addition to the dealings, there has been an increase in the holding of 13,860 Ordinary Shares due to a transfer.
The Form 8.3 disclosure also confirms that JPMorgan Asset Management is making disclosures in respect of another party to the offer, Redrow plc. The disclosure provides a comprehensive overview of JPMorgan Asset Management's positions and dealings related to Barratt Developments plc, in compliance with the regulatory requirements.
The disclosure concludes with information about indemnity and other dealing arrangements, stating that there are no such agreements, arrangements, or understandings. It also confirms that no supplemental form is attached to the disclosure.
This Form 8.3 disclosure by JPMorgan Asset Management provides valuable insights into their positions and dealings related to Barratt Developments plc, offering transparency and compliance with regulatory requirements.