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 ownership and control of interests and short positions in Barratt Developments plc's relevant securities, representing 1% or more. The disclosure includes details of the relevant securities owned and controlled, as well as cash-settled derivatives and stock-settled derivatives.
The filing indicates that Man Group PLC holds 5,076,442 10p ordinary shares of Barratt Developments plc, representing 0.52% of the total shares. Additionally, the disclosure includes details of cash-settled derivatives, with 2,674,034 representing 0.27% and stock-settled derivatives totaling 7,750,476, which is 0.80% of the relevant securities. The disclosure also includes information about purchases of 10p ordinary shares of Barratt Developments plc, including the number of securities and the price per unit.
Furthermore, the filing outlines the nature of dealing, such as reducing a short position through equity swap transactions. The disclosure also confirms that there are no indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives between Man Group PLC and any other party. The filing provides a comprehensive overview of Man Group PLC's position and dealings with Barratt Developments plc's securities, in compliance with the regulatory requirements.
In summary, the Form 8.3 filing by Man Group PLC provides detailed information about its interests, short positions, and dealings in Barratt Developments plc's relevant securities, offering transparency and compliance with the regulatory framework.