Millennium International Management LP has disclosed a position in Barratt Developments plc, representing 0.054% of the company's 10p ordinary shares. The disclosure, made on 30th July 2024, includes details of cash-settled derivative transactions, with the entity reducing a long position through various equity swap transactions. The disclosed dealings indicate a reduction in the entity's interest in Barratt Developments plc.
The disclosure by Millennium International Management LP provides insight into the ownership and control of relevant securities in Barratt Developments plc. It highlights the specific class of relevant security, the percentage of interests, and the nature of the dealings undertaken. The disclosed transactions involve reducing a long position through equity swap transactions, with varying quantities and prices per unit in GBP.
The information presented in the disclosure is in compliance with Rule 8.3 of the Takeover Code, providing transparency regarding the interests and short positions held by Millennium International Management LP in Barratt Developments plc. This disclosure offers valuable information for stakeholders and investors, shedding light on the ownership and dealing activities related to the company's securities.
Overall, the disclosure by Millennium International Management LP regarding its position in Barratt Developments plc's relevant securities, along with the details of the cash-settled derivative transactions, contributes to the transparency and understanding of the ownership and dealing landscape surrounding the company's securities.