Man Group PLC has disclosed its position in Barratt Developments plc, as per the Form 8.3 filing. The disclosure is in accordance with Rule 8.3 of the Takeover Code. Man Group PLC has revealed its interests and short positions in Barratt Developments plc's relevant securities. The disclosure includes the number and percentage of relevant securities owned and/or controlled, as well as cash-settled derivatives and stock-settled derivatives.
The filing indicates that Man Group PLC holds 6,584,411 10p ordinary shares of Barratt Developments plc, representing 0.68% of the total. Additionally, the disclosure shows cash-settled derivatives, with 5,382,622 representing 0.55% and stock-settled derivatives totaling 11,967,033, which accounts for 1.23% of the relevant securities. The details of the derivative transactions, including purchases, sales, and nature of dealing, have been provided in the disclosure.
Furthermore, the filing states that Man Group PLC is making disclosures in respect of another party to the offer, specifically Redrow. The disclosure also includes information on any agreements, arrangements, or understandings relating to options or derivatives. The filing concludes with the confirmation that there are no indemnity or other dealing arrangements in place.
This Form 8.3 filing by Man Group PLC provides transparency regarding its position in Barratt Developments plc, offering insights into its interests, short positions, and derivative transactions. It serves as a regulatory requirement and contributes to the overall understanding of the market dynamics related to these securities.