RNS Number : 5320G
Barclays PLC
12 March 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:

11 Mar 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:

8,221,278

0.84%

7,777,990

0.80%

(2) Cash-settled derivatives:

6,878,621

0.71%

6,625,361

0.68%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

15,099,899

1.55%

14,403,351

1.48%

 








(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

590093

4.8160  GBP

4.7370  GBP

10p ordinary

Sale

702465

4.8131  GBP

4.7371  GBP

ADR

Purchase

2000

12.2500  USD

12.2500  USD

ADR

Sale

2000

12.2500  USD

12.2500  USD

 








(b)

Cash-settled derivative transactions

Class of

 relevant

 security

Product  description

Nature of dealing

Number of

 reference

 securities

Price per

 unit

10p ordinary

SWAP

Decreasing Long

107

4.7555  GBP

10p ordinary

SWAP

Decreasing Long

215

4.8133  GBP

10p ordinary

SWAP

Decreasing Long

217

4.8054  GBP

10p ordinary

SWAP

Decreasing Long

217

4.8084  GBP

10p ordinary

SWAP

Decreasing Long

665

4.8094  GBP

10p ordinary

SWAP

Decreasing Long

1,132

4.8070  GBP

10p ordinary

SWAP

Decreasing Long

1,174

4.7970  GBP

10p ordinary

CFD

Decreasing Long

1,489

4.7833  GBP

10p ordinary

SWAP

Decreasing Long

1,583

4.7956  GBP

10p ordinary

SWAP

Decreasing Long

2,887

4.8048  GBP

10p ordinary

SWAP

Decreasing Long

3,618

4.8051  GBP

10p ordinary

SWAP

Decreasing Long

3,757

4.8075  GBP

10p ordinary

SWAP

Decreasing Long

4,701

4.7830  GBP

10p ordinary

SWAP

Decreasing Long

5,686

4.7981  GBP

10p ordinary

SWAP

Decreasing Long

6,768

4.7986  GBP

10p ordinary

SWAP

Decreasing Long

7,452

4.7863  GBP

10p ordinary

SWAP

Decreasing Long

8,314

4.8035  GBP

10p ordinary

CFD

Decreasing Long

14,091

4.8048  GBP

10p ordinary

CFD

Decreasing Long

21,847

4.7799  GBP

10p ordinary

SWAP

Decreasing Long

33,100

4.7867  GBP

10p ordinary

SWAP

Decreasing Short

149

4.7848  GBP

10p ordinary

SWAP

Decreasing Short

282

4.7750  GBP

10p ordinary

SWAP

Decreasing Short

471

4.7440  GBP

10p ordinary

SWAP

Decreasing Short

512

4.7943  GBP

10p ordinary

SWAP

Decreasing Short

906

4.8040  GBP

10p ordinary

SWAP

Decreasing Short

1,200

4.8028  GBP

10p ordinary

SWAP

Decreasing Short

1,697

4.7878  GBP

10p ordinary

SWAP

Decreasing Short

22,680

4.7942  GBP

10p ordinary

SWAP

Decreasing Short

29,554

4.7834  GBP

10p ordinary

SWAP

Decreasing Short

44,219

4.7864  GBP

10p ordinary

SWAP

Decreasing Short

53,150

4.8007  GBP

10p ordinary

SWAP

Decreasing Short

58,383

4.7839  GBP

10p ordinary

SWAP

Decreasing Short

88,887

4.7867  GBP

10p ordinary

SWAP

Decreasing Short

147,538

4.7996  GBP

10p ordinary

SWAP

Increasing Long

62

4.7922  GBP

10p ordinary

SWAP

Increasing Long

479

4.8006  GBP

10p ordinary

CFD

Increasing Long

924

4.7829  GBP

10p ordinary

SWAP

Increasing Long

1,174

4.7970  GBP

10p ordinary

CFD

Increasing Long

1,209

4.7544  GBP

10p ordinary

CFD

Increasing Long

1,302

4.7870  GBP

10p ordinary

SWAP

Increasing Long

1,463

4.8078  GBP

10p ordinary

SWAP

Increasing Long

1,507

4.8043  GBP

10p ordinary

SWAP

Increasing Long

1,704

4.7994  GBP

10p ordinary

CFD

Increasing Long

2,012

4.7830  GBP

10p ordinary

SWAP

Increasing Long

2,037

4.7829  GBP

10p ordinary

CFD

Increasing Long

3,489

4.7779  GBP

10p ordinary

SWAP

Increasing Long

3,757

4.8075  GBP

10p ordinary

CFD

Increasing Long

6,716

4.8130  GBP

10p ordinary

CFD

Increasing Long

7,887

4.7948  GBP

10p ordinary

CFD

Increasing Long

8,067

4.7856  GBP

10p ordinary

SWAP

Increasing Short

364

4.7780  GBP

10p ordinary

SWAP

Increasing Short

689

4.7925  GBP

10p ordinary

SWAP

Increasing Short

1,492

4.7954  GBP

10p ordinary

SWAP

Increasing Short

1,899

4.7988  GBP

10p ordinary

SWAP

Increasing Short

3,296

4.8011  GBP

10p ordinary

SWAP

Increasing Short

5,089

4.7975  GBP

10p ordinary

SWAP

Increasing Short

5,359

4.8057  GBP

10p ordinary

SWAP

Increasing Short

11,665

4.7965  GBP

10p ordinary

SWAP

Increasing Short

28,261

4.8022  GBP

10p ordinary

SWAP

Increasing Short

28,860

4.7834  GBP

10p ordinary

SWAP

Increasing Short

28,860

4.7853  GBP

10p ordinary

SWAP

Increasing Short

65,498

4.8013  GBP

10p ordinary

SWAP

Increasing Short

103,778

4.7830  GBP

10p ordinary

SWAP

Opening Short

1

4.7700  GBP

10p ordinary

SWAP

Opening Short

6,697

4.7922  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 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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