Alpine Associates Management Inc. has disclosed its position in Barratt Developments plc, as per the Rule 8.3 of the Takeover Code. The disclosure, dated April 18th, 2024, reveals that Alpine Associates Management Inc. holds 0.83% of the 10 p ordinary shares of Barratt Developments plc through cash-settled derivatives, amounting to 8,088,823 securities. The disclosure also indicates that Alpine Associates Management Inc. is making disclosures in respect of another party to the offer, Redrow plc.
The disclosure further details the dealings made by Alpine Associates Management Inc., including reducing a short position through cash-settled derivative transactions. It also includes information about indemnity and other dealing arrangements, which, in this case, are stated as none. Additionally, there are no agreements, arrangements, or understandings relating to options or derivatives.
The disclosure concludes with the confirmation that no Supplemental Form 8 (Open Positions) is attached, and it provides the contact name and telephone number for further inquiries. It also emphasizes that public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and that the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements.
This disclosure provides insight into Alpine Associates Management Inc.'s position in Barratt Developments plc and its related dealings, offering transparency in accordance with the regulatory requirements.