Millennium International Management LP has disclosed a 0.037% short position in Barratt Developments plc's 10p ordinary shares. The disclosure, made on 9th July 2024, includes details of cash-settled derivative transactions involving reducing and increasing short positions. The transactions range from reducing a short position by 1,803 shares to increasing a short position by 46,208 shares. Additionally, there are details of equity swap transactions, including opening and closing long positions, reducing and increasing long positions, and reducing a long position by 500 shares. The prices per unit for these transactions range from 4.91 to 5.09 GBP.
The disclosure is in compliance with Rule 8.3 of the Takeover Code, which requires public disclosure of dealings by a person with interests in relevant securities representing 1% or more. The form also mentions that the trustee(s), settlor, and beneficiaries must be named for a trust if different from the owner or controller of interests and short positions disclosed.
The disclosure also indicates that Millennium International Management LP is making disclosures in respect of another party to the offer, Redrow plc. However, specific details related to Redrow plc are not provided in this particular disclosure.
The information provided in the Form 8.3 is essential for transparency and regulatory compliance, allowing stakeholders and the public to be informed about significant dealings and positions in relevant securities of Barratt Developments plc.