Qube Research & Technologies Limited has disclosed a 0.81% interest in Barratt Developments PLC, representing 7,884,339 cash-settled derivatives. The disclosure was made on 31-05-2024. The company has not disclosed any relevant securities owned or controlled. Additionally, Qube Research & Technologies Limited has made several equity swap transactions, increasing a long position in 10p ordinary shares of Barratt Developments PLC at various prices per unit.
The disclosure also mentions that the discloser is making disclosures in respect of another party to the offer, Redrow PLC. However, no specific details regarding this disclosure are provided in the news.
The Form 8.3 disclosure provides a detailed breakdown of the cash-settled derivative transactions, including the nature of dealing and the number of securities involved. The transactions involve increasing a long position in 10p ordinary shares through equity swap, with varying quantities and prices per unit.
The disclosure is in compliance with Rule 8.3 of the Takeover Code, which requires public opening position disclosure or dealing disclosure by a person with interests in relevant securities representing 1% or more. The information provided in the disclosure is essential for transparency and regulatory compliance in the context of securities trading and ownership.