Qube Research & Technologies Limited has disclosed a position in Barratt Developments PLC, representing 0.81% of the company's 10p ordinary shares. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that Qube Research & Technologies Limited holds 7,896,340 cash-settled derivatives in Barratt Developments PLC. The disclosure also mentions dealings with Redrow PLC.
The disclosed dealings by Qube Research & Technologies Limited include various cash-settled derivative transactions involving an increase in long positions for 10p ordinary shares in Barratt Developments PLC. The transactions range from 2 to 153 securities, with prices per unit varying from 492.50 to 503.60.
The disclosure provides detailed information about the interests and short positions held by Qube Research & Technologies Limited in Barratt Developments PLC. It also outlines the nature of the dealings, including the number of securities and the price per unit for each transaction. This information is crucial for investors and market analysts to understand the current position of Qube Research & Technologies Limited in relation to Barratt Developments PLC.
The disclosure is in compliance with the regulatory requirements for public opening position disclosure and dealing disclosure by entities with interests in relevant securities representing 1% or more. It offers transparency regarding the ownership and control of interests and short positions, as well as the details of any open stock-settled derivative positions or agreements related to relevant securities.
Overall, the disclosure by Qube Research & Technologies Limited provides valuable insights into the company's position and dealings with Barratt Developments PLC, contributing to a better understanding of the market dynamics and the interests of significant stakeholders in the company.