Man Group PLC has disclosed its position in Barratt Developments plc, as per the Form 8.3 filing. The disclosure is in accordance with Rule 8.3 of the Takeover Code. Man Group PLC has revealed its interests and short positions in Barratt Developments plc's relevant securities. The disclosure includes the number and percentage of relevant securities owned and/or controlled, as well as cash-settled derivatives and stock-settled derivatives.
The filing indicates that Man Group PLC has interests in 6,529,115 10p ordinary shares of Barratt Developments plc, representing 0.67% of the total. Additionally, the disclosure shows cash-settled derivatives amounting to 2,655,556 shares and stock-settled derivatives totaling 9,184,671 shares. The Form 8.3 also includes details of purchases and sales of the 10p ordinary shares, along with cash-settled derivative transactions and stock-settled derivative transactions.
Furthermore, the filing specifies that Man Group PLC has made purchases of Barratt Developments plc's 10p ordinary shares at a price per unit of 4.693 GBP. It also outlines the nature of the dealings, such as reducing long positions and reducing short positions through equity swaps. The disclosure provides a comprehensive overview of Man Group PLC's dealings and positions related to Barratt Developments plc.
The Form 8.3 filing concludes with additional information, stating that there are no indemnity and other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between Man Group PLC and any other party. The disclosure provides transparency regarding Man Group PLC's interests, short positions, and dealings in Barratt Developments plc, in line with regulatory requirements.