Man Group PLC has disclosed its position in Barratt Developments plc, as per the Form 8.3 filing released on 10th June 2024. The disclosure is in accordance with Rule 8.3 of the Takeover Code. Man Group PLC has revealed its interests and short positions in the relevant securities of Barratt Developments plc. The disclosure includes details of the number and percentage of relevant securities owned and controlled, as well as cash-settled derivatives. The disclosure also mentions dealings, including purchases, sales, and derivative transactions.
According to the disclosure, Man Group PLC owns and/or controls 7,969,893 10p ordinary shares of Barratt Developments plc, representing 0.82% of the total. Additionally, they hold cash-settled derivatives amounting to 4,684,370 shares, which is 0.48% of the total, and have short positions in 1,806,555 shares, representing 0.19%. The disclosure also includes details of a stock-settled derivative transaction, specifically a reduction in a short position.
The disclosure further states that Man Group PLC is making disclosures in respect of another party to the offer, Redrow plc. The filing also includes information about any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives, all of which are stated as "none."
The Form 8.3 filing provides a comprehensive overview of Man Group PLC's position and dealings with Barratt Developments plc, in compliance with the regulatory requirements. It offers detailed insights into the ownership, control, and derivative transactions involving relevant securities, providing transparency in the company's interests and positions.
In conclusion, the disclosure by Man Group PLC sheds light on its holdings and dealings with Barratt Developments plc, offering valuable information for stakeholders and investors in the respective companies.