Millennium International Management LP has disclosed a 0.032% interest in Barratt Developments plc, with 7,393,413 short positions. The disclosure was made on 23rd May 2024. The disclosure also includes dealings in cash-settled derivative transactions, such as reducing and increasing short positions in the relevant securities of Barratt Developments plc.
The disclosure provides detailed information about the interests and short positions held by Millennium International Management LP in Barratt Developments plc. It includes the class of relevant security, the number and percentage of interests and short positions, and the nature of the dealings, such as reducing and increasing short positions through equity swaps.
This Form 8.3 disclosure by Millennium International Management LP is in compliance with Rule 8.3 of the Takeover Code, which requires the disclosure of public opening positions and dealings by a person with interests in relevant securities representing 1% or more. The disclosure also mentions that the trustee(s), settlor, and beneficiaries must be named for a trust, if different from the owner or controller of interests and short positions disclosed.
The disclosure also indicates that Millennium International Management LP is making disclosures in respect of another party to the offer, Redrow plc. However, the details of these disclosures are not provided in this specific Form 8.3 disclosure related to Barratt Developments plc.
Overall, the Form 8.3 disclosure by Millennium International Management LP provides a comprehensive overview of their interests, short positions, and dealings in Barratt Developments plc, as required by the Takeover Code.