Man Group PLC has disclosed its position in Barratt Developments plc, as per the Form 8.3 released on 12th April 2024. The disclosure is in accordance with Rule 8.3 of the Takeover Code. Man Group PLC has revealed that it owns and/or controls 6,529,115 relevant securities of Barratt Developments plc, representing 0.67% of the total. Additionally, they hold cash-settled derivatives and stock-settled derivatives, totaling 0.27% and 0.94% respectively. The disclosure also includes details of dealings in relevant securities, such as purchases and sales, as well as derivative transactions.
The disclosure provides a comprehensive overview of Man Group PLC's interests and short positions in Barratt Developments plc. It includes the number and percentage of relevant securities owned and controlled, as well as details of cash-settled and stock-settled derivatives. The disclosure also outlines the nature of dealings, including purchases, sales, and derivative transactions, providing a clear picture of Man Group PLC's position in Barratt Developments plc.
The Form 8.3 also confirms that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. It is a straightforward disclosure of Man Group PLC's position in Barratt Developments plc, as required by the Takeover Code. The information provided in the disclosure is essential for transparency and regulatory compliance, offering insights into the ownership and control of relevant securities and derivative transactions.
In conclusion, the Form 8.3 released by Man Group PLC regarding Barratt Developments plc offers a detailed insight into their position, interests, and dealings in relevant securities. It adheres to the regulatory requirements and provides transparency about their ownership and control of securities, as well as derivative transactions. This disclosure is crucial for investors and regulatory authorities to understand the dynamics of ownership and trading activities in Barratt Developments plc.