Millennium International Management LP has made a public opening position disclosure regarding Barratt Developments plc. The disclosure, released on 26th June 2024, includes details of interests and short positions in the relevant securities of Barratt Developments plc. The disclosure indicates that Millennium International Management LP holds cash-settled derivatives in Barratt Developments plc, with a total of 251,608 securities, representing 0.026% of the total. Additionally, the disclosure outlines various dealings, including reducing and increasing short positions through equity swaps.
The disclosure provides a breakdown of the cash-settled derivative transactions, including the number of reference securities and the price per unit in GBP. It is important to note that all interests and short positions have been disclosed in accordance with the requirements. The disclosure also mentions that the trustee(s), settlor, and beneficiaries must be named if different from the owner or controller of interests and short positions disclosed.
The disclosure by Millennium International Management LP is in compliance with Rule 8.3 of the Takeover Code. It is a significant move that provides transparency and insight into the positions and dealings related to Barratt Developments plc. This information is crucial for investors and stakeholders to understand the dynamics of relevant securities and the actions of major players in the market.
Overall, the disclosure by Millennium International Management LP sheds light on their interests, short positions, and dealings in relation to Barratt Developments plc. It offers a comprehensive overview of the ownership and control of relevant securities, providing valuable information for those involved in or monitoring the company's securities.