Millennium International Management LP has disclosed its position in Barratt Developments plc, as of 31st May 2024. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Millennium International Management LP holds a 0.031% interest in cash-settled derivatives and a 0.525% short position in the 10p ordinary shares of Barratt Developments plc. The disclosure also includes details of various equity swap transactions, such as reducing and increasing short positions, with specific quantities and prices per unit in GBP.
The disclosure provides a comprehensive overview of Millennium International Management LP's interests and short positions in Barratt Developments plc's securities. It includes details of the relevant securities owned and controlled, as well as the cash-settled derivatives and stock-settled derivatives. Additionally, the disclosure outlines the rights to subscribe for new securities, including the nature of the rights concerned and relevant percentages.
The disclosed dealings by Millennium International Management LP in Barratt Developments plc's securities include a series of cash-settled derivative transactions, such as reducing and increasing short positions through equity swap transactions. The quantities and prices per unit in GBP for each transaction are specified, offering a transparent view of the dealings undertaken by the disclosing party.
Overall, the disclosure by Millennium International Management LP provides valuable insights into its positions, interests, short positions, and recent dealings in relation to Barratt Developments plc's securities, offering transparency and clarity in accordance with the regulatory requirements.