Qube Research & Technologies Limited has disclosed a position in Barratt Developments PLC, representing 0.85% of the company's 10p ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, includes details of cash-settled derivative transactions, with a significant number of securities being involved in increasing long positions. The disclosure also indicates that Qube Research & Technologies Limited has no relevant securities owned or controlled.
The disclosure provides a comprehensive breakdown of the interests and short positions in Barratt Developments PLC's relevant securities, as well as the dealings undertaken. It includes the date of the position held and the latest practicable date prior to the disclosure, which was 30-04-2024. The disclosure also mentions that the discloser is making disclosures in respect of another party to the offer.
The detailed breakdown of the cash-settled derivative transactions reveals a series of equity swap dealings, each involving an increase in a long position, with varying numbers of securities and prices per unit. The transactions are meticulously listed, providing a clear overview of the dealings undertaken by Qube Research & Technologies Limited in relation to Barratt Developments PLC's 10p ordinary shares.
Overall, the disclosure by Qube Research & Technologies Limited provides a transparent and detailed account of its position and dealings in Barratt Developments PLC, in accordance with the requirements of Rule 8.3 of the Takeover Code.