Man Group PLC has disclosed its position in Barratt Developments PLC, as per the requirements of Rule 8.3 of the Takeover Code. The disclosure indicates that Man Group PLC owns and/or controls 7,851,544 relevant securities of Barratt Developments PLC, representing 0.81% of the total. Additionally, they hold cash-settled derivatives and stock-settled derivatives, bringing the total to 10,971,676 relevant securities, which represents 1.13% of the total. The disclosure also includes details of cash-settled derivative transactions, indicating a reduction in a short position.
The disclosure does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Furthermore, no supplemental form for open positions is attached to the disclosure.
This disclosure provides insight into Man Group PLC's significant interest in Barratt Developments PLC and their related derivative transactions. It offers transparency in accordance with the regulatory requirements of the Takeover Code.