Qube Research & Technologies Limited has disclosed a position in Barratt Developments PLC, representing 0.67% of the 10p ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Qube Research & Technologies Limited holds 6,541,853 cash-settled derivatives in Barratt Developments PLC. The disclosed dealings include a series of equity swap transactions, each increasing a long position in the 10p ordinary shares at various prices per unit.
The disclosure provides detailed information about the interests and short positions held by Qube Research & Technologies Limited in Barratt Developments PLC. It also outlines the nature of the dealings, specifically the cash-settled derivative transactions involving the purchase of 10p ordinary shares through equity swap transactions.
The disclosed information is in compliance with the regulatory requirements for public opening position disclosure and dealing disclosure by a person with interests in relevant securities representing 1% or more. The disclosure offers transparency regarding Qube Research & Technologies Limited's position and dealings in Barratt Developments PLC, contributing to the overall market transparency and regulatory compliance.