Qube Research & Technologies Limited has disclosed its position in Barratt Developments PLC, as of 02-08-2024. The disclosure indicates that Qube Research & Technologies Limited holds 0.5% of cash-settled derivatives, totaling 4,841,806 securities. Additionally, the disclosure mentions dealings in increasing long positions through equity swaps for various quantities of 10p ordinary shares at different price points. The disclosed information is in compliance with Rule 8.3 of the Takeover Code.
The disclosure by Qube Research & Technologies Limited provides a detailed breakdown of its interests and short positions in Barratt Developments PLC. It includes the number and percentage of relevant securities owned and controlled, as well as the quantity and nature of cash-settled derivatives held. The disclosure also specifies the date of the position held and dealings undertaken, ensuring transparency in accordance with regulatory requirements.
Furthermore, the disclosure indicates that Qube Research & Technologies Limited is making disclosures in respect of another party to the offer, Redrow PLC. This suggests a broader engagement in the market, potentially influencing or being influenced by activities related to Barratt Developments PLC and Redrow PLC.
The detailed breakdown of the equity swap transactions reveals a series of increasing long positions for 10p ordinary shares, with varying quantities and corresponding price per unit. These transactions provide insight into Qube Research & Technologies Limited's recent activities related to Barratt Developments PLC's securities, reflecting a strategic approach to its investment or trading positions.
Overall, the disclosure by Qube Research & Technologies Limited offers a comprehensive overview of its interests, short positions, and recent dealings related to Barratt Developments PLC. This information is valuable for market participants, analysts, and stakeholders seeking transparency and insights into the dynamics of relevant securities and the broader market landscape.