Kite Lake Capital Management (UK) LLP has made a public opening position disclosure and dealing disclosure regarding their interests in Barratt Developments plc. The disclosure, released on 5th April 2024, provides detailed information about Kite Lake Capital Management's ownership and control of relevant securities, including ordinary shares and derivatives. The disclosure includes the number and percentage of relevant securities owned and controlled, as well as any dealings undertaken.
Kite Lake Capital Management (UK) LLP disclosed that they hold 6,222,440 cash-settled derivatives, representing 0.63% of the relevant securities. The disclosure also includes details of any open stock-settled derivative positions and agreements to purchase or sell relevant securities. Additionally, it outlines any rights to subscribe for new securities, including directors' and other employee options.
The disclosure further provides information about any purchases, sales, and derivative transactions, including the nature of dealing, number of securities, and price per unit. It also includes details of any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives.
The disclosure was made in accordance with Rule 8 of the Takeover Code and must be made to a Regulatory Information Service. The contact person for the disclosure is Art Markham, with a provided telephone number for further inquiries. The release date of the disclosure is 5th April 2024.
This disclosure provides transparency regarding Kite Lake Capital Management (UK) LLP's interests and dealings in Barratt Developments plc, offering insights into their position and activities related to the company's securities.