Kite Lake Capital Management (UK) LLP has disclosed its position in Barratt Developments plc, as per the Form 8.3 released on 6th June 2024. The disclosure is in accordance with Rule 8.3 of the Takeover Code. Kite Lake Capital Management (UK) LLP, as the investment manager of the fund(s), has revealed its interests and short positions in Barratt Developments plc's ordinary shares.
The disclosure indicates that Kite Lake Capital Management (UK) LLP holds 0.48% of the relevant securities in the form of cash-settled derivatives, amounting to 4,772,067 shares. The disclosure also mentions that there have been dealings in the form of reducing a short position through cash-settled derivative transactions.
The Form 8.3 also includes information about the absence of indemnity or other dealing arrangements, as well as agreements, arrangements, or understandings relating to options or derivatives. It further provides contact details for any necessary consultation regarding the disclosure requirements.
In summary, Kite Lake Capital Management (UK) LLP has made a public disclosure of its interests and short positions in Barratt Developments plc, as per the requirements of the Takeover Code. This disclosure provides transparency about the fund's holdings and dealings related to Barratt Developments plc's securities.