Alpine Associates Management Inc. has disclosed its position in Barratt Developments plc, as of July 31st, 2024. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Alpine Associates Management Inc. holds 6,463,030 10 p ordinary shares, representing 0.66% of the total relevant securities. Additionally, the disclosure includes details of cash-settled derivative transactions, with 4,800 securities being involved in increasing a short position at a price of 529.3193 GBp per unit.
The disclosure also mentions that Alpine Associates Management Inc. is making disclosures in respect of another party to the offer, Redrow plc. Furthermore, the form includes information about the nature of the rights concerned and relevant percentages regarding rights to subscribe for new securities, as well as details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing.
The form concludes with contact information and regulatory requirements. It is important to note that the information provided is in compliance with the regulatory requirements and is specific to the disclosed position and dealings of Alpine Associates Management Inc. with Barratt Developments plc and Redrow plc.