Qube Research & Technologies Limited has disclosed a position in Barratt Developments PLC, representing 0.79% of the relevant securities. The disclosure was made under Rule 8.3 of the Takeover Code. The disclosure includes interests in cash-settled derivatives, with 7,723,456 securities. The dealings involved equity swaps, with various transactions increasing a long position in 10p ordinary shares at different prices per unit.
The disclosure also mentions Redrow PLC, indicating that the discloser is making disclosures in respect of this party to the offer. The form provides detailed information about the interests and short positions in the relevant securities, as well as the rights to subscribe for new securities. It also includes the date of the position held and dealing undertaken, which was 23-05-2024.
The form provides a comprehensive breakdown of the dealings, including the number of securities and the price per unit for each transaction. It also emphasizes the importance of disclosing all interests and short positions. Additionally, it highlights the need for providing details of any open stock-settled derivative positions or agreements to purchase or sell relevant securities on a Supplemental Form 8 (Open Positions).
Overall, the disclosure by Qube Research & Technologies Limited provides a detailed insight into their position and dealings with Barratt Developments PLC, as well as their involvement with Redrow PLC. The form adheres to the requirements of Rule 8.3 of the Takeover Code, ensuring transparency and compliance with relevant regulations.