Kite Lake Capital Management (UK) LLP has made a public opening position disclosure and dealing disclosure regarding Barratt Developments plc. The disclosure, made under Rule 8.3 of the Takeover Code, provides key information about the interests and short positions in the relevant securities of Barratt Developments plc held by Kite Lake Capital Management (UK) LLP as of 3 April 2024.
The disclosure indicates that Kite Lake Capital Management (UK) LLP, as the investment manager of certain funds, holds a 0.63% short position in Barratt Developments plc through cash-settled derivatives. The disclosure also includes details of any open stock-settled derivative positions and agreements to purchase or sell relevant securities.
Furthermore, the disclosure outlines that there have been dealings in more than one class of relevant securities of Barratt Developments plc, including purchases and sales, cash-settled derivative transactions, and stock-settled derivative transactions. The details of these dealings, including the number of securities and price per unit, are provided in the disclosure.
The disclosure also includes information about indemnity and other dealing arrangements, stating that there are no such agreements, arrangements, or understandings. Additionally, it confirms that there are no agreements, arrangements, or understandings relating to options or derivatives.
The disclosure was made on 5 April 2024, and it includes contact information for Art Markham, the designated contact person for the disclosure. It also specifies that no Supplemental Form 8 (Open Positions) is attached and provides the necessary regulatory contact information for public disclosures under Rule 8 of the Code.
Overall, the disclosure by Kite Lake Capital Management (UK) LLP provides detailed information about its interests, short positions, and dealings in the relevant securities of Barratt Developments plc, in compliance with the regulatory requirements of the Takeover Code.