Millennium International Management LP has disclosed its position in Barratt Developments plc, stating that it holds 0.032% in cash-settled derivatives and 0.783% in short positions. The disclosure also includes details of various equity swap transactions, such as reducing and increasing short positions, with specific quantities and prices per unit. The disclosure is in compliance with Rule 8.3 of the Takeover Code.
The disclosure by Millennium International Management LP provides a comprehensive overview of its interests and short positions in Barratt Developments plc. It includes details of the relevant securities owned and controlled, as well as the cash-settled derivatives and stock-settled derivatives. The disclosure also mentions the date of the position held and dealing undertaken, which was 24th May 2024.
Additionally, the disclosure indicates that Millennium International Management LP is making disclosures in respect of another party to the offer, Redrow plc. The disclosure provides a breakdown of the interests and short positions in the relevant securities, ensuring transparency and compliance with regulatory requirements.
The detailed breakdown of the equity swap transactions, including the nature of dealing, quantity of reference securities, and price per unit in GBP, offers a clear insight into the specific actions taken by Millennium International Management LP in relation to Barratt Developments plc. This level of transparency is essential for maintaining integrity in the financial markets and ensuring compliance with regulatory standards.
Overall, the disclosure by Millennium International Management LP regarding its position in Barratt Developments plc provides valuable information for investors, analysts, and regulatory authorities. It offers a clear understanding of the ownership and control of relevant securities, as well as the nature of derivative transactions, contributing to transparency and accountability in the financial sector.