Man Group PLC has disclosed its position in Barratt Developments plc, as per the Form 8.3 released on 17th July 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 disclosed information includes the number and percentage of relevant securities owned and/or controlled, as well as cash-settled derivatives. Additionally, the form outlines the dealings made by the person making the disclosure, including purchases, sales, and derivative transactions.
The disclosure indicates that Man Group PLC owns 7,851,544 (0.81%) relevant securities of Barratt Developments plc and holds cash-settled derivatives amounting to 3,120,132 (0.32%). The form also details the stock-settled derivative transactions, including options, and agreements to purchase/sell. Furthermore, it provides information about the nature of the dealings, such as reducing a long position and increasing/reducing a long/short position.
The form also includes a section for other information, where Man Group PLC states that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. The disclosure provides a comprehensive overview of Man Group PLC's position and dealings concerning Barratt Developments plc, in compliance with the regulatory requirements.