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")
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1.
|
KEY
INFORMATION
|
(a)
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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)
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Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
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Date position held/dealing undertaken:
|
26 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:
|
5,626,599
|
0.58%
|
4,077,179
|
0.42%
|
(2)
Cash-settled derivatives:
|
3,266,145
|
0.34%
|
4,199,430
|
0.43%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
8,892,744
|
0.91%
|
8,276,609
|
0.85%
|
|
|
|
|
|
|
|
|
(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.
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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
|
1557595
|
4.7970
GBP
|
4.6830
GBP
|
10p
ordinary
|
Sale
|
703565
|
4.7970
GBP
|
4.6690
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
Short
|
141
|
4.6763
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
850
|
4.7640
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
1,142
|
4.7478
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
4,940
|
4.7461
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
21,644
|
4.7572
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
24,984
|
4.7732
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
39,531
|
4.7730
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
39,929
|
4.7257
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
292
|
4.6744
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,632
|
4.7406
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
5,848
|
4.7832
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
10,311
|
4.7629
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
18,704
|
4.7838
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
46,946
|
4.7702
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
158,105
|
4.7708
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
215,433
|
4.7766
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
302,916
|
4.7460
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
183
|
4.7438
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
183
|
4.7731
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
183
|
4.7729
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
280
|
4.7773
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,683
|
4.7153
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,353
|
4.7718
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,717
|
4.7690
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,914
|
4.7731
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,409
|
4.7527
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,384
|
4.7807
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,550
|
4.7804
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,775
|
4.7811
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
21,215
|
4.7679
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
31,840
|
4.7730
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
48,385
|
4.7708
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
156
|
4.7769
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
186
|
4.7730
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
10,125
|
4.7476
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
157
|
4.7350
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
226
|
4.6769
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
369
|
4.7361
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
462
|
4.7836
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
686
|
4.7840
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,212
|
4.7498
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,891
|
4.7848
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,845
|
4.7487
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,503
|
4.7810
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
15,466
|
4.7615
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
18,373
|
4.7158
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
4,563
|
4.7647
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
9,150
|
4.7541
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
25,240
|
4.7657
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
59,423
|
4.7733
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
205,698
|
4.7708
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
61,632
|
4.7698
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:
|
27 Feb 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|