Qube Research & Technologies Limited has disclosed a position in Barratt Developments PLC, representing 0.56% of the company's relevant securities. The disclosure, made under Rule 8.3 of the Takeover Code, includes details of cash-settled derivatives amounting to 5,504,832 securities. The disclosure also mentions dealings with Redrow PLC.
The disclosed dealings by Qube Research & Technologies Limited include a series of cash-settled derivative transactions involving increasing a long position in 10p ordinary shares of Barratt Developments PLC at various prices per unit, ranging from 523.80 GBp to 4588 GBp.
This disclosure provides insight into the ownership and trading activities of Qube Research & Technologies Limited in relation to Barratt Developments PLC. It indicates the acquisition of a significant number of cash-settled derivatives and the increase in long positions, shedding light on the company's recent investment activities and potential interests in Barratt Developments PLC.