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:
|
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:
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:
|
4,457,718
|
1.35%
|
2,845,227
|
0.86%
|
(2)
Cash-settled derivatives:
|
1,542,592
|
0.47%
|
4,110,683
|
1.24%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
6,000,310
|
1.81%
|
6,955,910
|
2.10%
|
|
|
|
|
|
|
|
|
(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
|
1099742
|
6.9600
GBP
|
6.7343
GBP
|
10.5p
ordinary
|
Sale
|
592825
|
6.9544
GBP
|
6.7350
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
|
Closing
Long
|
2
|
6.9049
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
8
|
6.9374
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
14
|
6.8937
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
16
|
6.9143
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
30
|
6.9345
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
48
|
6.9216
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
52
|
6.8938
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
61
|
6.9110
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
82
|
6.9011
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
107
|
6.9344
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
129
|
6.9365
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
203
|
6.9141
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
214
|
6.9107
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
256
|
6.9139
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
304
|
6.8992
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
400
|
6.8939
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
420
|
6.9051
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
529
|
6.9050
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
570
|
6.9038
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
796
|
6.9169
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
1,047
|
6.8891
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
1,062
|
6.8990
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
1,263
|
6.8868
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
1,327
|
6.9214
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
2,157
|
6.9010
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
17,875
|
6.8830
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
36,685
|
6.8747
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Long
|
78,641
|
6.9041
GBP
|
10.5p
ordinary
|
SWAP
|
Closing
Short
|
15,745
|
6.7350
GBP
|
10.5p
ordinary
|
SWAP
|
Decreasing
Long
|
34
|
6.8800
GBP
|
10.5p
ordinary
|
SWAP
|
Decreasing
Long
|
39
|
6.8856
GBP
|
10.5p
ordinary
|
SWAP
|
Decreasing
Long
|
39
|
6.8896
GBP
|
10.5p
ordinary
|
SWAP
|
Decreasing
Long
|
54
|
6.9050
GBP
|
10.5p
ordinary
|
SWAP
|
Decreasing
Long
|
645
|
6.8992
GBP
|
10.5p
ordinary
|
SWAP
|
Decreasing
Long
|
3,899
|
6.9027
GBP
|
10.5p
ordinary
|
SWAP
|
Decreasing
Long
|
30,410
|
6.8962
GBP
|
10.5p
ordinary
|
SWAP
|
Decreasing
Short
|
396
|
6.9544
GBP
|
10.5p
ordinary
|
CFD
|
Decreasing
Short
|
792
|
6.8990
GBP
|
10.5p
ordinary
|
CFD
|
Decreasing
Short
|
2,280
|
6.8997
GBP
|
10.5p
ordinary
|
SWAP
|
Decreasing
Short
|
2,823
|
6.9034
GBP
|
10.5p
ordinary
|
SWAP
|
Decreasing
Short
|
3,800
|
6.9036
GBP
|
10.5p
ordinary
|
CFD
|
Decreasing
Short
|
4,329
|
6.8487
GBP
|
10.5p
ordinary
|
SWAP
|
Decreasing
Short
|
10,682
|
6.9393
GBP
|
10.5p
ordinary
|
CFD
|
Decreasing
Short
|
48,376
|
6.8757
GBP
|
10.5p
ordinary
|
CFD
|
Decreasing
Short
|
62,698
|
6.7350
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Long
|
434
|
6.9179
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Long
|
1,028
|
6.9063
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Long
|
1,123
|
6.9086
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Long
|
1,338
|
6.9299
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Long
|
1,833
|
6.9348
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Long
|
6,067
|
6.9161
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Long
|
6,660
|
6.9306
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Long
|
6,970
|
6.9320
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Long
|
9,072
|
6.9122
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Short
|
360
|
6.8994
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Short
|
888
|
6.8987
GBP
|
10.5p
ordinary
|
CFD
|
Increasing
Short
|
4,210
|
6.7350
GBP
|
10.5p
ordinary
|
CFD
|
Increasing
Short
|
23,927
|
6.9600
GBP
|
10.5p
ordinary
|
CFD
|
Increasing
Short
|
25,924
|
6.8277
GBP
|
10.5p
ordinary
|
CFD
|
Increasing
Short
|
32,561
|
6.8940
GBP
|
10.5p
ordinary
|
CFD
|
Increasing
Short
|
42,330
|
6.8970
GBP
|
10.5p
ordinary
|
SWAP
|
Increasing
Short
|
100,000
|
6.8791
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Long
|
107,602
|
6.8902
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
260
|
6.9100
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
1,016
|
6.9073
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
1,281
|
6.9000
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
1,466
|
6.8862
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
1,635
|
6.8498
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
1,761
|
6.8909
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
2,616
|
6.8454
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
3,132
|
6.8741
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
5,603
|
6.8650
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
16,554
|
6.7356
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
35,902
|
6.9055
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
72,822
|
6.8674
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
88,438
|
6.7350
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
105,652
|
6.7378
GBP
|
10.5p
ordinary
|
SWAP
|
Opening
Short
|
148,055
|
6.8685
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
|