Man Group PLC has disclosed its position in Barratt Developments plc, as per the Form 8.3 released on 18th June 2024. The disclosure is in accordance with Rule 8.3 of the Takeover Code. Man Group PLC has revealed its interests and short positions in the relevant securities of Barratt Developments plc. The disclosure includes details of the number and percentage of relevant securities owned and controlled, as well as cash-settled derivatives. Additionally, it outlines the dealings made, including purchases, sales, and cash-settled derivative transactions.
The disclosure indicates that Man Group PLC owns and/or controls 7,768,336 10p ordinary shares of Barratt Developments plc, representing 0.80% of the total. Furthermore, it holds cash-settled derivatives amounting to 6,063,930 shares, which is 0.62% of the total, and has short positions of 1,847,282 shares, accounting for 0.19%. The disclosure also includes details of the cash-settled derivative transactions, such as reducing and increasing long positions, along with the number of securities and price per unit.
The Form 8.3 also mentions that Man Group PLC is making disclosures in respect of another party to the offer, Redrow plc. The disclosure provides a comprehensive overview of Man Group PLC's positions and dealings related to Barratt Developments plc, offering transparency in its interests and activities in the relevant securities.