Millennium International Management LP has disclosed a 0.034% interest in Barratt Developments plc, with 333,589 cash-settled derivatives and 7,630,051 short positions. The disclosure also includes details of equity swap transactions, such as increasing and reducing short positions, with various quantities and prices per unit. The disclosure is in compliance with Rule 8.3 of the Takeover Code.
The disclosure provides a comprehensive breakdown of the interests and short positions held by Millennium International Management LP in Barratt Developments plc. It includes the date of the position held and dealings undertaken, as well as the nature of the transactions, such as equity swaps and cash-settled derivative transactions. The disclosure also mentions that the trustee(s), settlor, and beneficiaries must be named for a trust, if different from the owner or controller of interests and short positions disclosed.
The detailed breakdown of the cash-settled derivative transactions, including the product description, nature of dealing, number of reference securities, and price per unit in GBP, offers a transparent view of the dealings by Millennium International Management LP. The disclosure also emphasizes the importance of providing details of any open stock-settled derivative positions or agreements to purchase or sell relevant securities on a Supplemental Form 8 (Open Positions).
Overall, the Form 8.3 disclosure by Millennium International Management LP regarding its interests and short positions in Barratt Developments plc provides a clear and detailed overview of the transactions and positions held, ensuring compliance with the regulatory requirements of the Takeover Code.