UBS Securities LLC has released a public position disclosure regarding Barratt Developments Plc. The disclosure, made in accordance with Rule 8.5 of the Takeover Code, provides key information about the exempt principal trader, including the date of the position held and dealing undertaken, which was 26 July 2024. The disclosure also includes details of the positions of the exempt principal trader, such as interests and short positions in the relevant securities of Barratt Developments Plc following the dealing.
According to the disclosure, the exempt principal trader has no relevant securities owned and/or controlled, but holds a short position of 179,152 securities, which represents 0.02% of the total. The document also outlines the dealings, if any, by the exempt principal trader, including purchases and sales of common stock. It indicates that there were no purchases, but 420 securities were sold at prices ranging from 5.0800 GBP to 5.1500 GBP per unit.
Furthermore, the disclosure states that there are no indemnity and other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. It confirms that no supplemental form is attached and provides the contact information for Richard Howard at UBS Securities LLC.
The disclosure concludes with the regulatory requirements for public disclosures under Rule 8 of the Code, emphasizing the need to be made to a Regulatory Information Service and emailed to the Takeover Panel.
In summary, the public position disclosure by UBS Securities LLC provides detailed information about its dealings and positions in relation to Barratt Developments Plc, in compliance with the Takeover Code's regulations.