Sand Grove Capital Management LLP has disclosed its position in Barratt Developments plc, representing 0.69% of the company's 10p ordinary shares. The disclosure, made in accordance with Rule 8.3 of the Takeover Code, indicates that Sand Grove Capital Management LLP holds 6,754,809 cash-settled derivatives in relation to Barratt Developments plc. The disclosure also includes details of recent dealings, such as reducing a short position through a cash-settled derivative transaction involving 174,812 securities at a price of 473.8196p per unit.
The disclosure does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form for open positions is attached to the disclosure. The disclosure was made on 3rd July 2024, and for any public disclosures under Rule 8 of the Code, it must be made to a Regulatory Information Service.
For further information, the contact person listed for the disclosure is Abel Romero, with a telephone number of +44 203 770 8625. The Panel's Market Surveillance Unit is also available for consultation in relation to the disclosure.