Qube Research & Technologies Limited has disclosed a position in Barratt Developments PLC, representing 0.73% of the company's relevant securities. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Qube Research & Technologies Limited holds 7,117,756 cash-settled derivatives in Barratt Developments PLC. The disclosure also mentions dealings with Redrow PLC.
The disclosed dealings by Qube Research & Technologies Limited include a series of purchases of 10p ordinary shares through equity swaps, with varying quantities and prices per unit. The transactions involve increasing a long position in Barratt Developments PLC.
The disclosure provides detailed information about the interests and short positions held by Qube Research & Technologies Limited in Barratt Developments PLC, as well as the nature of the dealings undertaken. It is a part of the regulatory requirements for public opening position disclosure and dealing disclosure by entities with interests in relevant securities representing 1% or more.
This disclosure offers insights into the ownership and control of relevant securities in Barratt Developments PLC by Qube Research & Technologies Limited, as well as its engagement in derivative transactions. It provides transparency regarding the positions and dealings of significant stakeholders in the company, contributing to the overall understanding of the market dynamics related to Barratt Developments PLC.