Qube Research & Technologies Limited has disclosed a position in Barratt Developments PLC, representing 0.59% of the 10p ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, indicates an increase in long positions through cash-settled derivative transactions. The disclosed dealings include a series of equity swap transactions, each increasing a long position in the 10p ordinary shares at various price points.
The disclosure provides detailed information about the interests and short positions held, with a specific focus on cash-settled derivatives. Qube Research & Technologies Limited has reported a total of 5,714,112 cash-settled derivatives, representing 0.59% of the relevant securities. The disclosed dealings involve an increase in long positions through equity swap transactions, with varying quantities and price points per unit.
The disclosure is in compliance with the requirements for public opening position disclosure/dealing disclosure by a person with interests in relevant securities representing 1% or more. It provides transparency about the ownership and control of interests and short positions, as well as the nature of the dealings undertaken. The information presented in the disclosure offers insights into the current position of Qube Research & Technologies Limited in relation to Barratt Developments PLC's relevant securities.