FORM 8.5
(EPT/NON-RI)
|
PUBLIC OPENING POSITION
DISCLOSURE/DEALING DISCLOSURE BY AN
|
EXEMPT PRINCIPAL TRADER
WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
|
(OR WHERE RI STATUS IS NOT
APPLICABLE)
|
Rule 8.5 of the Takeover Code
(the "Code")
|
1.
|
KEY
INFORMATION
|
(a)
|
Name of exempt principal trader:
|
BARCLAYS CAPITAL SECURITIES LTD
|
(b)
|
Name of offeror/offeree in relation to whose
relevant securities this form relates:
|
REDROW PLC
|
(c)
|
Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
|
Date position held/dealing undertaken:
|
07 Feb 2024
|
(e)
|
In
addition to the company in 1(b) above, is the exempt principal
trader making disclosures in respect of any other party to
the offer?
|
YES:
BARRATT DEVELOPMENTS PLC
|
2.
|
POSITIONS OF THE EXEMPT PRINCIPAL TRADER
|
(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:
|
10.5p ordinary
|
|
Interests
|
Short
Positions
|
Number
|
(%)
|
Number
|
(%)
|
(1)
Relevant securities owned and/or controlled:
|
4,079,791
|
1.23%
|
3,025,717
|
0.91%
|
(2)
Cash-settled derivatives:
|
1,781,199
|
0.54%
|
3,866,692
|
1.17%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
5,860,990
|
1.77%
|
6,892,409
|
2.08%
|
|
|
|
|
|
|
|
|
(b)
|
Rights to subscribe for new securities (including directors
and other executive options)
|
Class of relevant security in relation to
which subscription right exists
|
|
Details, including nature of the rights
concerned and relevant percentages:
|
|
3.
|
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL
TRADER
|
(a)
|
Purchase and sales
|
|
|
|
|
|
|
Class of relevant
security
|
Purchase/sale
|
Total number of
securities
|
Highest price per unit
paid/received
|
Lowest price per unit
paid/received
|
10.5p
ordinary
|
Purchase
|
2040280
|
7.0000
GBP
|
6.7286
GBP
|
10.5p
ordinary
|
Sale
|
1937768
|
6.9982
GBP
|
6.6500
GBP
|
|
|
|
|
|
|
|
|
(b)
|
Cash-settled derivative transactions
|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
483
|
6.8068
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
501
|
6.7829
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
1,584
|
6.9200
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
2,250
|
6.9654
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
2,556
|
6.8183
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
3,799
|
6.8547
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
3,881
|
6.7915
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
3,942
|
6.7768
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
6,549
|
6.8106
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
7,420
|
6.8576
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
7,453
|
6.7920
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
7,540
|
6.7851
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
10,094
|
6.9029
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
11,037
|
6.8180
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
12,606
|
6.8834
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
15,525
|
6.8497
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
18,909
|
6.9137
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
22,413
|
6.8475
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
23,154
|
6.8051
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
35,296
|
6.8849
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
41,390
|
6.8392
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
46,189
|
6.8068
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
50,000
|
6.8734
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
50,000
|
6.7740
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
56,751
|
6.8737
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
81,284
|
6.8761
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
87,182
|
6.8143
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
110,305
|
6.8699
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
112,329
|
6.8105
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
124,610
|
6.8090
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
150,000
|
6.8172
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
159,369
|
6.8701
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
205,431
|
6.8850
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
300,000
|
6.8145
GBP
|
10.5p
ordinary
|
CFD
|
Opening
Short
|
86
|
6.8850
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
195
|
6.9594
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
214
|
6.9982
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
264
|
6.9945
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
644
|
6.7790
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
697
|
6.9602
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
741
|
6.6597
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
888
|
6.9856
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
990
|
6.8207
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
2,034
|
6.9110
GBP
|
10.5p
ordinary
|
CFD
|
Opening
Short
|
3,060
|
6.7718
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
3,422
|
6.7900
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
4,468
|
6.7749
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
4,943
|
6.8475
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
5,815
|
6.7881
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
6,317
|
6.6892
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
6,619
|
6.7178
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
6,630
|
6.9964
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
6,731
|
6.7914
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
7,570
|
6.6748
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
9,759
|
6.8317
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
9,840
|
6.9362
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
10,746
|
6.7065
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
11,589
|
6.8633
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
11,834
|
6.7117
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
12,094
|
6.8371
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
12,632
|
6.6634
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
12,800
|
6.8286
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
14,187
|
6.7209
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
19,202
|
7.0000
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
19,915
|
6.9965
GBP
|
10.5p
ordinary
|
CFD
|
Opening
Short
|
21,236
|
6.7628
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
22,730
|
6.8349
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
22,842
|
6.8212
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
24,628
|
6.9565
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
25,287
|
6.8694
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
32,677
|
6.8028
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
32,700
|
6.7542
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
37,511
|
6.8227
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
39,828
|
6.8670
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
45,783
|
6.8090
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
53,470
|
6.7156
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
70,000
|
6.8855
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
84,922
|
6.8815
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
86,315
|
6.8081
GBP
|
10.5p
ordinary
|
CFD
|
Opening
Short
|
106,160
|
6.8850
GBP
|
10.5p
ordinary
|
CFD
|
Opening
Short
|
148,485
|
6.7757
GBP
|
10.5p
ordinary
|
CFD
|
Opening
Short
|
164,144
|
6.8749
GBP
|
10.5p
ordinary
|
CFD
|
Opening
Short
|
211,331
|
6.8730
GBP
|
|
|
|
|
|
|
|
|
(c)
|
Stock-settled derivative transactions (including
options)
|
(i)
|
Writing, selling, purchasing or varying
|
Class
of
relevant
security
|
Product
description
|
Writing,
purchasing,
selling,
varying etc
|
Number
of
securities
to which
option
relates
|
Exercise
price
per unit
|
Type
|
Expiry
date
|
Option
money
paid/
received
per unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii)
|
Exercising
|
|
|
|
|
|
|
Class of relevant
security
|
Product
description
|
Exercising/ exercised
against
|
Number of
securities
|
Exercise price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(d)
|
Other dealings (including subscribing for new
securities)
|
Class of relevant
security
|
Nature of
Dealings
|
Details
|
Price per unit (if
applicable)
|
|
|
|
|
4.
|
OTHER INFORMATION
|
(a)
|
Indemnity and other dealings 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 entered into
by
the exempt principal trader making the disclosure and any
party
to the offer or any person acting in concert with a party to
the offer:
|
NONE
|
(b)
|
Agreements, arrangements or understandings relating to options
or derivatives
|
Details of any agreement, arrangement or understanding, formal
or informal, between
the exempt principal trader making the disclosure and any
other person relating to:
(i) the voting rights of any relevant securities
under any option; or
(ii) the voting rights of future acquisition or
disposal of any relevant securities to which
any derivative is referenced:
|
NONE
|
(c)
|
Attachments
|
Is
a Supplemental Form 8 (Open Positions) attached?
|
NO
|
Date of disclosure:
|
08 Feb 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|