Millennium International Management LP has disclosed a 0.052% interest in Barratt Developments plc, representing 508,371 securities. The disclosure was made on 11th July 2024. The disclosure also includes details of cash-settled derivative transactions, such as increasing and reducing long positions through equity swaps, with various quantities and prices per unit in GBP.
This disclosure is in accordance with Rule 8.3 of the Takeover Code, which requires public opening position disclosure/dealing disclosure by a person with interests in relevant securities representing 1% or more. The form provides key information about the discloser, including the full name and the date of the position held or dealing undertaken.
The disclosure also mentions that Millennium International Management LP is making disclosures in respect of another party to the offer, Redrow plc. The form further details the interests and short positions in the relevant securities of Barratt Developments plc, as well as rights to subscribe for new securities.
The detailed breakdown of the cash-settled derivative transactions indicates the nature of dealing, the number of reference securities, and the price per unit in GBP for each transaction. These transactions involve both increasing and reducing long positions through equity swaps, with varying quantities and prices per unit.
Overall, the disclosure by Millennium International Management LP provides a comprehensive overview of their interests, short positions, and dealings related to Barratt Developments plc, in compliance with the regulatory requirements of the Takeover Code.