Qube Research & Technologies Limited has disclosed its position in Barratt Developments PLC, as of 10th May 2024. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Qube Research & Technologies Limited holds 0.88% of the total relevant securities in Barratt Developments PLC through cash-settled derivatives. The disclosure also mentions that Qube Research & Technologies Limited is making disclosures in respect of another party to the offer, Redrow PLC.
The disclosure provides a detailed breakdown of Qube Research & Technologies Limited's interests and short positions in Barratt Developments PLC. It shows that the company owns and/or controls no relevant securities, but holds 8,584,579 cash-settled derivatives, representing 0.88% of the total relevant securities. The disclosure also includes a list of cash-settled derivative transactions, indicating the nature of dealing, number of securities, and the price per unit.
This disclosure by Qube Research & Technologies Limited provides insights into its significant position in Barratt Developments PLC and its dealings with the company's securities. It offers transparency regarding the ownership and control of relevant securities, aligning with regulatory requirements. The disclosure also highlights the company's involvement with another party to the offer, Redrow PLC, indicating potential interconnected interests in the market.
Overall, the disclosure by Qube Research & Technologies Limited sheds light on its holdings and dealings in Barratt Developments PLC, contributing to a better understanding of the market dynamics and the company's position within it.