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:
|
BARRATT DEVELOPMENTS PLC
|
(c)
|
Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
|
Date position held/dealing undertaken:
|
08 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:
REDROW 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:
|
10p
ordinary
|
|
Interests
|
Short
Positions
|
Number
|
(%)
|
Number
|
(%)
|
(1)
Relevant securities owned and/or controlled:
|
4,120,224
|
0.42%
|
4,021,977
|
0.41%
|
(2)
Cash-settled derivatives:
|
3,556,860
|
0.36%
|
3,168,686
|
0.33%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
7,677,084
|
0.79%
|
7,190,663
|
0.74%
|
|
|
|
|
|
|
|
|
(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
|
10p
ordinary
|
Sale
|
1906203
|
5.0022
GBP
|
4.8620
GBP
|
10p
ordinary
|
Purchase
|
3259528
|
4.9934
GBP
|
4.8620
GBP
|
|
|
|
|
|
|
|
|
(b)
|
Cash-settled derivative transactions
|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
166
|
4.9320
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
171
|
4.9733
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
206
|
4.9317
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
558
|
4.9643
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
779
|
4.9426
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
958
|
4.9130
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
971
|
4.8936
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,411
|
4.9508
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,535
|
4.9495
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,744
|
4.9345
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,746
|
4.9436
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,773
|
4.9297
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,301
|
4.9200
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,756
|
4.9547
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,816
|
4.9590
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
6,669
|
4.9168
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
7,791
|
4.9845
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
8,143
|
4.9177
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
12,030
|
4.9478
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
12,298
|
4.9521
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
13,818
|
4.9560
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
14,346
|
4.9445
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
14,493
|
4.9496
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
15,765
|
4.9558
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
16,597
|
4.8746
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
18,675
|
4.9565
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
20,151
|
5.0003
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
23,487
|
4.9401
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
24,745
|
4.9430
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
35,309
|
4.9097
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
39,968
|
4.9439
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
61,073
|
4.9358
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
65,707
|
4.9449
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
77,427
|
4.9532
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
108,703
|
4.8750
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
135,895
|
4.8750
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
151,711
|
4.9600
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
713
|
4.9267
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,181
|
4.9500
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,507
|
4.9738
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,587
|
4.9270
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,430
|
5.0000
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,784
|
4.9182
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
15,587
|
4.9445
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,012
|
4.9309
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
21,371
|
4.9193
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
71,758
|
4.8918
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
74,599
|
4.9556
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
175,588
|
4.9405
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
306,483
|
4.9428
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1
|
4.8749
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
531
|
4.9884
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
913
|
4.9496
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,856
|
4.9900
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,026
|
4.9509
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,443
|
4.9563
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
4,577
|
4.9497
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
10,433
|
4.9518
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
24,525
|
4.8665
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
27,639
|
4.9657
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
46,055
|
4.9574
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
46,818
|
4.9640
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
48,970
|
4.8761
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
62,518
|
4.9599
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
138,974
|
4.8750
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,046
|
4.8786
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,339
|
4.9488
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,652
|
4.8923
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,878
|
4.9082
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,315
|
4.9494
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,715
|
4.8874
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,985
|
4.9358
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,334
|
4.9554
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,971
|
4.9063
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
18,190
|
4.9553
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
22,495
|
4.9626
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
27,912
|
4.9052
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
30,760
|
4.9222
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
91,515
|
4.8749
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
99,813
|
4.9380
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
106,195
|
4.9406
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
526,199
|
4.8750
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
533,284
|
4.9478
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
1
|
4.9644
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
2
|
4.9694
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
12
|
4.9624
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
24
|
4.9557
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
78
|
4.9650
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
174
|
4.9625
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
222
|
4.9613
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
9,725
|
4.8757
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
17,591
|
4.9627
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:
|
09 Feb 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|