Millennium International Management LP has disclosed a position in Barratt Developments plc, representing 0.054% of the company's 10p ordinary shares. The disclosure, made on 30th July 2024, includes details of cash-settled derivative transactions, with the entity reducing a long position through various equity swap dealings. The disclosed transactions involve a significant number of securities and provide insight into Millennium International Management LP's recent activities related to Barratt Developments plc.
The disclosure by Millennium International Management LP under Rule 8.3 of the Takeover Code provides a glimpse into the investment activities and positions held by the entity in Barratt Developments plc. The detailed breakdown of the cash-settled derivative transactions, including the number of reference securities and price per unit, offers transparency into the specific dealings undertaken by the entity.
The disclosed position and transactions indicate Millennium International Management LP's ongoing involvement and interest in Barratt Developments plc. The comprehensive nature of the disclosure, including the specific details of the equity swap transactions, contributes to a better understanding of the entity's investment strategy and its relationship with Barratt Developments plc.
Overall, the disclosure by Millennium International Management LP sheds light on its position and recent dealings in relation to Barratt Developments plc, providing valuable information for stakeholders and market observers interested in the company's ownership and investment landscape.