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:
|
13 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:
|
4,039,667
|
0.41%
|
3,097,794
|
0.32%
|
(2)
Cash-settled derivatives:
|
2,708,862
|
0.28%
|
3,101,089
|
0.32%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
6,748,529
|
0.69%
|
6,198,883
|
0.64%
|
|
|
|
|
|
|
|
|
(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
|
2013545
|
4.8460
GBP
|
4.6606
GBP
|
10p
ordinary
|
Sale
|
750869
|
4.8555
GBP
|
4.6601
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
|
2,661
|
4.6717
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
2,719
|
4.7528
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
3,434
|
4.6983
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
170,718
|
4.7565
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
114,200
|
4.6610
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
45
|
4.6700
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
300
|
4.6899
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
529
|
4.6975
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
618
|
4.8261
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
670
|
4.6780
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
758
|
4.6613
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,000
|
4.8100
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,178
|
4.7417
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,177
|
4.8000
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,203
|
4.7121
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,560
|
4.7775
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
10,586
|
4.8210
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
12,152
|
4.7784
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
27,798
|
4.8387
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
41,350
|
4.7414
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
44,483
|
4.6624
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
337,898
|
4.8365
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
326
|
4.7780
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
887
|
4.7067
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,042
|
4.7361
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,076
|
4.8367
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,877
|
4.7618
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,162
|
4.7647
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,240
|
4.6600
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,433
|
4.6775
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,214
|
4.7662
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
36,298
|
4.6611
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
60,574
|
4.6716
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
68,894
|
4.7536
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
25
|
4.8399
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
600
|
4.6826
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
734
|
4.7048
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
753
|
4.6573
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,061
|
4.6614
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,119
|
4.8098
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,444
|
4.6621
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,962
|
4.7749
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,158
|
4.7542
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,770
|
4.8392
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,884
|
4.7090
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,958
|
4.6609
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
3,764
|
4.6519
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
4,818
|
4.8152
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
12,133
|
4.7405
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
30,220
|
4.7380
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
883
|
4.8360
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
930
|
4.8220
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,047
|
4.7275
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,500
|
4.7902
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,682
|
4.7624
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,131
|
4.8104
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,611
|
4.6617
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,739
|
4.7669
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,854
|
4.7961
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,400
|
4.7960
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
76,001
|
4.7665
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
297,974
|
4.7248
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
371,549
|
4.6620
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
4,994
|
4.7187
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
25,000
|
4.7031
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
37,228
|
4.7697
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
51,302
|
4.6610
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
60,758
|
4.7420
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
94,328
|
4.7569
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
310,212
|
4.6610
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:
|
14 Feb 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|