|
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:
|
09 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:
|
3,087,409
|
0.32%
|
3,769,420
|
0.39%
|
|
(2)
Cash-settled derivatives:
|
3,427,065
|
0.35%
|
2,234,841
|
0.23%
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
|
6,514,474
|
0.67%
|
6,004,261
|
0.62%
|
|
|
|
|
|
|
|
|
|
|
(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
|
Purchase
|
1869684
|
4.8734
GBP
|
4.8060
GBP
|
|
10p
ordinary
|
Sale
|
2650113
|
4.9519
GBP
|
4.8060
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
|
Closing
Long
|
24,499
|
4.8422
GBP
|
|
10p
ordinary
|
SWAP
|
Closing
Long
|
28,240
|
4.8370
GBP
|
|
10p
ordinary
|
SWAP
|
Closing
Long
|
50,378
|
4.8426
GBP
|
|
10p
ordinary
|
SWAP
|
Closing
Short
|
18,597
|
4.8710
GBP
|
|
10p
ordinary
|
SWAP
|
Closing
Short
|
59,456
|
4.8374
GBP
|
|
10p
ordinary
|
SWAP
|
Closing
Short
|
70,241
|
4.8400
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
192
|
4.8511
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
744
|
4.8508
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,153
|
4.8450
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,197
|
4.8557
GBP
|
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,387
|
4.8833
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,391
|
4.8495
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,612
|
4.8475
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
6,246
|
4.8474
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
7,088
|
4.8471
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
10,635
|
4.8710
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
11,109
|
4.8734
GBP
|
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
13,336
|
4.8338
GBP
|
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
29,382
|
4.8591
GBP
|
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
30,866
|
4.8638
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
36,255
|
4.8367
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
37,685
|
4.8713
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
238,376
|
4.8620
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
155
|
4.8405
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
455
|
4.8830
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
543
|
4.8540
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
601
|
4.8269
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,974
|
4.8429
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,055
|
4.8287
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
15,240
|
4.8403
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
68,509
|
4.8703
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
84,597
|
4.8686
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
176,991
|
4.8375
GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
776,908
|
4.8750
GBP
|
|
10p
ordinary
|
CFD
|
Increasing
Long
|
115
|
4.8710
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
540
|
4.8305
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,400
|
4.8613
GBP
|
|
10p
ordinary
|
CFD
|
Increasing
Long
|
3,553
|
4.8420
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
4,438
|
4.8667
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
5,022
|
4.8597
GBP
|
|
10p
ordinary
|
CFD
|
Increasing
Long
|
25,517
|
4.8326
GBP
|
|
10p
ordinary
|
CFD
|
Increasing
Long
|
43,835
|
4.8706
GBP
|
|
10p
ordinary
|
CFD
|
Increasing
Long
|
45,632
|
4.8705
GBP
|
|
10p
ordinary
|
CFD
|
Increasing
Long
|
52,455
|
4.8562
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
66
|
4.8366
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
144
|
4.8367
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,910
|
4.8137
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,962
|
4.8399
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,147
|
4.8682
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,754
|
4.8717
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,508
|
4.8402
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,239
|
4.8287
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17,085
|
4.8393
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
29,996
|
4.8710
GBP
|
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
335,739
|
4.8410
GBP
|
|
10p
ordinary
|
SWAP
|
Opening
Long
|
556
|
4.8300
GBP
|
|
10p
ordinary
|
SWAP
|
Opening
Long
|
1,230
|
4.8433
GBP
|
|
10p
ordinary
|
SWAP
|
Opening
Long
|
2,155
|
4.8215
GBP
|
|
10p
ordinary
|
SWAP
|
Opening
Long
|
3,211
|
4.8250
GBP
|
|
10p
ordinary
|
SWAP
|
Opening
Long
|
5,082
|
4.8411
GBP
|
|
10p
ordinary
|
SWAP
|
Opening
Long
|
60,480
|
4.8706
GBP
|
|
10p
ordinary
|
SWAP
|
Opening
Long
|
335,137
|
4.8385
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:
|
12 Feb 2024
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|