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
|