Man Group PLC has disclosed its position in Barratt Developments plc, as per the Form 8.3 released on 12th July 2024. The disclosure is in accordance with Rule 8.3 of the Takeover Code. Man Group PLC has revealed its interests and short positions in the relevant securities of Barratt Developments plc. The disclosed information includes the number and percentage of relevant securities owned and/or controlled, as well as cash-settled derivatives. Additionally, the form also mentions dealings, including purchases, sales, and derivative transactions.
The disclosure indicates that Man Group PLC owns 7,851,544 10p ordinary shares of Barratt Developments plc, representing 0.81% of the total shares. Furthermore, they hold cash-settled derivatives amounting to 3,137,735 shares, which is 0.32% of the total, and have short positions in 1,868,295 shares, accounting for 0.19%. The form also details the nature of derivative transactions, including equity swap activities such as increasing a short position and reducing long positions.
The form does not include any indemnity or other dealing arrangements, and there are no agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form regarding open positions is attached to the disclosure.
This disclosure provides insights into Man Group PLC's holdings and dealings with Barratt Developments plc, offering transparency in line with regulatory requirements.