Man Group PLC has disclosed its position in Barratt Developments plc, as per the Form 8.3 released on 28th March 2024. The disclosure is in accordance with Rule 8.3 of the Takeover Code. Man Group PLC has revealed that it owns 2,448,975 10p ordinary shares of Barratt Developments plc, representing 0.25% of the total shares. Additionally, they hold cash-settled derivatives and stock-settled derivatives, totaling 0.27% and 0.52% respectively. The disclosure also includes details of dealings, such as an increase in short position through equity swap transactions.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. The form does not have a Supplemental Form 8 (Open Positions) attached. The disclosure was made to a Regulatory Information Service, and the contact person for the disclosure is Mackenzie Terry, with a provided telephone number. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure.
This disclosure provides insight into Man Group PLC's holdings and dealings with Barratt Developments plc, offering transparency in line with regulatory requirements. It sheds light on the ownership and control of relevant securities, as well as the nature of derivative transactions, contributing to a comprehensive understanding of the company's position in Barratt Developments plc.