Millennium International Management LP has disclosed its position in Barratt Developments PLC, as of 6th June 2024. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Millennium International Management LP holds a 0.030% interest in Barratt Developments PLC through cash-settled derivatives, amounting to 295,235 securities. Additionally, the disclosure includes details of various equity swap transactions, involving both reducing and increasing short positions in Barratt Developments PLC's 10p ordinary shares (GB0000811801).
The disclosure also mentions that Millennium International Management LP is making disclosures in respect of another party to the offer, Redrow PLC. The form provides a comprehensive breakdown of the dealings, including the number of securities and the price per unit in GBP for each transaction. The transactions involve reducing short positions, increasing short positions, and closing a short position through equity swap dealings.
The disclosure provides a detailed insight into Millennium International Management LP's current position and dealings with Barratt Developments PLC's securities. It offers a transparent view of the company's interests and short positions, as well as its involvement with another party to the offer, Redrow PLC. The information presented in the disclosure is in compliance with Rule 8.3 of the Takeover Code, providing clarity on Millennium International Management LP's dealings and positions in relevant securities.