Qube Research & Technologies Limited has disclosed a position in Barratt Developments PLC, representing 0.63% of the company's relevant securities. The disclosure, made under Rule 8.3 of the Takeover Code, includes details of interests and short positions in Barratt Developments PLC. Qube Research & Technologies Limited also disclosed dealings in cash-settled derivative transactions related to Barratt Developments PLC's 10p ordinary shares.
The disclosure indicates that Qube Research & Technologies Limited has no relevant securities owned and/or controlled, but holds 6,176,269 cash-settled derivatives, representing 0.63% of the total. The company has increased its long position in Barratt Developments PLC through a series of equity swap transactions, with varying numbers of securities and prices per unit in GBp.
The disclosure also mentions that Qube Research & Technologies Limited is making disclosures in respect of another party to the offer, Redrow PLC. The form provides a comprehensive breakdown of the positions and dealings by Qube Research & Technologies Limited in relation to Barratt Developments PLC, as required under Rule 8.3 of the Takeover Code.
This disclosure provides valuable insight into the recent activities and positions of Qube Research & Technologies Limited in relation to Barratt Developments PLC, offering transparency and relevant information to the market and investors.