RNS Number : 1600D
Barclays PLC
14 February 2024
 

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

 

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