Man Group PLC has disclosed its position in Barratt Developments plc, as per the Form 8.3 filing released on 15th April 2024. The disclosure is in accordance with Rule 8.3 of the Takeover Code. Man Group PLC has revealed its interests and short positions in the relevant securities of Barratt Developments plc. As of the latest practicable date prior to the disclosure, Man Group PLC owned and/or controlled 6,529,115 relevant securities, representing 0.67%, and held cash-settled derivatives and stock-settled derivatives. Additionally, the disclosure includes details of any open stock-settled derivative positions and agreements to purchase or sell relevant securities.
The filing also mentions that Man Group PLC has made disclosures in respect of another party to the offer, Redrow. The disclosure provides a comprehensive breakdown of the positions and rights to subscribe for new securities, including directors' and other employee options. It further outlines any dealings, such as purchases, sales, cash-settled derivative transactions, and stock-settled derivative transactions, including options.
Moreover, the disclosure includes information on indemnity and other dealing arrangements, as well as agreements, arrangements, or understandings relating to options or derivatives. The filing concludes with the confirmation that no Supplemental Form 8 (Open Positions) is attached, and it provides the contact details for further inquiries.
This Form 8.3 filing by Man Group PLC provides a detailed overview of its position and dealings in Barratt Developments plc, in compliance with the regulatory requirements.