Kite Lake Capital Management (UK) LLP has disclosed its position in Barratt Developments plc, representing 0.48% of the company's ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Kite Lake Capital Management (UK) LLP is the investment manager for the fund(s) with the disclosed interests. The disclosure includes details of cash-settled derivatives, with 4,700,346 securities representing 0.48% of the total. The disclosure also outlines the absence of indemnity or other dealing arrangements and agreements, arrangements, or understandings relating to options or derivatives.
The disclosure provides a comprehensive overview of Kite Lake Capital Management (UK) LLP's position in Barratt Developments plc, offering insights into the ownership and control of interests and short positions. It also includes details of dealings, such as purchases and sales, cash-settled derivative transactions, and stock-settled derivative transactions. The absence of indemnity or other dealing arrangements and agreements, arrangements, or understandings relating to options or derivatives is also highlighted in the disclosure.
The disclosure, dated 7 June 2024, provides a clear and transparent account of Kite Lake Capital Management (UK) LLP's position in Barratt Developments plc, in accordance with the regulatory requirements. It offers valuable information for stakeholders and investors interested in understanding the investment manager's interests and short positions in the company. The disclosure also emphasizes the importance of adhering to the disclosure requirements outlined in Rule 8 of the Code, ensuring transparency and compliance with regulatory standards.