Qube Research & Technologies Limited has disclosed its position in Barratt Developments PLC, as of 26-06-2024. The disclosure includes interests and short positions in the relevant securities, with 5,721,957 cash-settled derivatives representing 0.59% of the total. The disclosure also mentions dealings in the form of equity swap transactions, indicating an increase in long positions for various quantities of 10p ordinary shares at different price points.
This disclosure is in accordance with Rule 8.3 of the Takeover Code, which requires the disclosure of any interests in relevant securities representing 1% or more. Qube Research & Technologies Limited has also indicated its involvement with Redrow PLC, stating that it is making disclosures in respect of this party as well.
The detailed breakdown of the cash-settled derivative transactions provides insight into the specific nature of the dealings, including the quantity of securities and the price per unit in GBp. This information is crucial for understanding the extent and nature of Qube Research & Technologies Limited's position in Barratt Developments PLC.
The disclosure provides transparency regarding the ownership and control of interests and short positions, ensuring compliance with regulatory requirements. It offers valuable information for stakeholders and investors interested in understanding the dynamics of relevant securities and the activities of significant entities like Qube Research & Technologies Limited in the context of Barratt Developments PLC.