Millennium International Management LP has disclosed a 0.031% interest in Barratt Developments plc's 10p ordinary shares, along with a 0.394% short position through cash-settled derivatives. The disclosure also includes details of various equity swap transactions, such as reducing and increasing short positions in Barratt Developments plc's securities. The disclosed dealings were carried out on 11th June 2024.
The disclosure provides a breakdown of the short positions held by Millennium International Management LP, with details of the number of securities and the price per unit in GBP for each equity swap transaction. The disclosed interests and short positions in Barratt Developments plc's securities are in compliance with Rule 8.3 of the Takeover Code.
The disclosure does not include any relevant securities owned and/or controlled by Millennium International Management LP, other than the cash-settled derivatives and the associated short positions. Additionally, the disclosure 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, specific details regarding Redrow plc are not provided in this disclosure.
Overall, the Form 8.3 disclosure by Millennium International Management LP offers a comprehensive overview of their interests, short positions, and dealings related to Barratt Developments plc's securities, in accordance with the regulatory requirements of the Takeover Code.