Man Group PLC has disclosed its position in Barratt Developments plc, as per the Form 8.3 released on 21st June 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. The disclosed information includes the number and percentage of relevant securities owned and controlled, as well as cash-settled derivatives. Additionally, the form also mentions dealings, such as purchases, sales, and derivative transactions, made by Man Group PLC.
The disclosure indicates that Man Group PLC owns 7,768,336 10p ordinary shares of Barratt Developments plc, representing 0.80% of the total shares. Furthermore, the form reveals cash-settled derivatives, with 5,695,687 representing 0.58% and stock-settled derivatives totaling 13,464,023, which is 1.38% of the relevant securities. The form also details various cash-settled derivative transactions, including the nature of dealing and the number of reference securities.
Moreover, the form specifies that Man Group PLC is making disclosures in respect of another party to the offer, Redrow plc. It also outlines the nature of the rights to subscribe for new securities, including directors' and other employee options. The disclosure provides comprehensive information about the positions and dealings of Man Group PLC in relation to Barratt Developments plc, ensuring transparency and compliance with regulatory requirements.
In conclusion, the Form 8.3 released by Man Group PLC offers detailed insights into its interests, short positions, and dealings related to Barratt Developments plc. The disclosure aims to provide transparency and compliance with the regulatory framework, offering valuable information for stakeholders and investors.