FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)
1. KEY INFORMATION
(a) Full name of discloser: Man Group PLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
Simply naming nominee or vehicle companies is not adequate. For a trust, the trustee(s), settlor, and beneficiaries must be identified.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Please use a separate form for each offeror/offeree.
Barratt Developments plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken:
For an opening position disclosure, please indicate the latest practicable date prior to the disclosure.
The latest date for the position held is approximately mid-August 2024.
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, please state “N/A.”
YES / NO / N/A
Offeree: Redrow plc
2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), please copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
Class of relevant security:
10p ordinary
Interests
Relevant securities owned and/or controlled:
7,977,703 shares (0.82%)
Cash-settled derivatives: 11,229,170 (1.15% short position).
Additionally, stock-settled derivatives are included in variations.
TOTAL:
19,206,873 shares (1.97%) with a short position of 2,540,942 (0.26%).
All interests and all short positions must be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be provided on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors’ and other employee options)
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and sales
Cash-settled derivative transactions
Class of relevant security: 10p ordinary – Equity Swap
Nature of dealing: Reducing a short position of 1,061 units at £5.359 GBP.
Further details include reductions in positions noted during the current review.
All transactions were conducted in accordance with standard market protocols.
4. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements, or understandings, please state “none.”
None
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding concerning:
If there are no such agreements, arrangements or understandings, please state “none.”
None
4. Attachments
Is a Supplemental Form 8 (Open Positions) attached?
NO
Contact Information
Date of disclosure: 19/08/2024
Contact name: Mackenzie Terry
Telephone number: +442071441555
Frequently Asked Questions
1. What is the purpose of this disclosure?
This disclosure outlines significant holdings by Man Group PLC in Barratt Developments plc, as mandated by market regulations.
2. Who is the person making the disclosure?
The disclosure is made by Man Group PLC, which has interests in relevant securities of Barratt Developments plc.
3. What specific interests does Man Group PLC hold?
Man Group PLC holds 7,977,703 relevant securities of Barratt Developments plc, which accounts for 0.82% of ownership.
4. What are cash-settled derivatives?
Cash-settled derivatives enable traders to speculate on the future price of an asset without owning it, and these are included in the disclosure of positions.
5. How can I contact the discloser for more information?
For further information regarding this disclosure, you can contact Mackenzie Terry at +442071441555.
