Man Group PLC has disclosed its position in Barratt Developments plc, as per the Form 8.3 filing released on 16th April 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 disclosure includes details of the number and percentage of relevant securities owned and controlled, as well as cash-settled derivatives.
According to the disclosure, Man Group PLC holds 6,529,115 10p ordinary shares of Barratt Developments plc, representing 0.67% of the total. Additionally, the company has cash-settled derivatives amounting to 3,133,880 shares, which is 0.32% of the total, along with 1,908,697 short positions, accounting for 0.20%. The disclosure also includes details of stock-settled derivatives and agreements to purchase/sell relevant securities.
The Form 8.3 filing further outlines the dealings by Man Group PLC, including purchases and sales of relevant securities, as well as cash-settled derivative transactions. The disclosure provides a comprehensive breakdown of the nature of dealings, the number of securities involved, and the price per unit. It also includes information on stock-settled derivative transactions, such as writing, selling, purchasing, or varying options, and exercising call options.
The filing concludes with a section on other information, which covers indemnity and other dealing arrangements. It emphasizes the importance of disclosing all interests and short positions and provides guidance on the details to be included in the disclosure. The comprehensive nature of the Form 8.3 filing by Man Group PLC provides transparency regarding its position in Barratt Developments plc, in line with regulatory requirements.