RNS Number : 7312G
Barclays PLC
13 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:

12 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:

8,572,556

0.88%

7,686,484

0.79%

(2) Cash-settled derivatives:

6,798,128

0.70%

6,952,367

0.71%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

15,370,684

1.58%

14,638,851

1.50%

 








(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

1384310

4.7730  GBP

4.7250  GBP

10p ordinary

Sale

941212

4.8150  GBP

4.7160  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

23,455

4.7442  GBP

10p ordinary

SWAP

Closing Short

30,151

4.7440  GBP

10p ordinary

SWAP

Decreasing Long

7

4.7610  GBP

10p ordinary

SWAP

Decreasing Long

10

4.7634  GBP

10p ordinary

SWAP

Decreasing Long

25

4.7462  GBP

10p ordinary

SWAP

Decreasing Long

82

4.7635  GBP

10p ordinary

SWAP

Decreasing Long

101

4.7463  GBP

10p ordinary

SWAP

Decreasing Long

152

4.7487  GBP

10p ordinary

SWAP

Decreasing Long

201

4.7478  GBP

10p ordinary

SWAP

Decreasing Long

249

4.7466  GBP

10p ordinary

SWAP

Decreasing Long

284

4.7457  GBP

10p ordinary

SWAP

Decreasing Long

294

4.7598  GBP

10p ordinary

SWAP

Decreasing Long

294

4.7551  GBP

10p ordinary

SWAP

Decreasing Long

302

4.7539  GBP

10p ordinary

SWAP

Decreasing Long

330

4.7468  GBP

10p ordinary

SWAP

Decreasing Long

541

4.7644  GBP

10p ordinary

SWAP

Decreasing Long

620

4.7595  GBP

10p ordinary

SWAP

Decreasing Long

996

4.7563  GBP

10p ordinary

SWAP

Decreasing Long

1,027

4.7461  GBP

10p ordinary

SWAP

Decreasing Long

1,182

4.7624  GBP

10p ordinary

SWAP

Decreasing Long

1,249

4.7360  GBP

10p ordinary

SWAP

Decreasing Long

1,249

4.7470  GBP

10p ordinary

SWAP

Decreasing Long

1,249

4.7270  GBP

10p ordinary

SWAP

Decreasing Long

1,249

4.7620  GBP

10p ordinary

SWAP

Decreasing Long

1,249

4.7570  GBP

10p ordinary

SWAP

Decreasing Long

1,250

4.7160  GBP

10p ordinary

SWAP

Decreasing Long

1,250

4.7660  GBP

10p ordinary

SWAP

Decreasing Long

1,273

4.7305  GBP

10p ordinary

SWAP

Decreasing Long

1,273

4.7285  GBP

10p ordinary

SWAP

Decreasing Long

1,273

4.7520  GBP

10p ordinary

SWAP

Decreasing Long

1,273

4.7565  GBP

10p ordinary

SWAP

Decreasing Long

1,297

4.7552  GBP

10p ordinary

SWAP

Decreasing Long

1,495

4.7592  GBP

10p ordinary

SWAP

Decreasing Long

1,702

4.7517  GBP

10p ordinary

SWAP

Decreasing Long

2,082

4.7550  GBP

10p ordinary

SWAP

Decreasing Long

2,171

4.7485  GBP

10p ordinary

SWAP

Decreasing Long

2,214

4.7607  GBP

10p ordinary

SWAP

Decreasing Long

2,546

4.7530  GBP

10p ordinary

SWAP

Decreasing Long

2,634

4.7596  GBP

10p ordinary

SWAP

Decreasing Long

2,670

4.7583  GBP

10p ordinary

SWAP

Decreasing Long

2,908

4.7506  GBP

10p ordinary

SWAP

Decreasing Long

2,928

4.7409  GBP

10p ordinary

CFD

Decreasing Long

3,181

4.7479  GBP

10p ordinary

SWAP

Decreasing Long

3,806

4.7440  GBP

10p ordinary

SWAP

Decreasing Long

3,893

4.7591  GBP

10p ordinary

SWAP

Decreasing Long

4,213

4.7561  GBP

10p ordinary

SWAP

Decreasing Long

5,766

4.7529  GBP

10p ordinary

SWAP

Decreasing Long

11,626

4.7491  GBP

10p ordinary

CFD

Decreasing Long

16,622

4.7440  GBP

10p ordinary

CFD

Decreasing Long

18,657

4.7500  GBP

10p ordinary

SWAP

Decreasing Long

18,826

4.7500  GBP

10p ordinary

CFD

Decreasing Long

25,295

4.7443  GBP

10p ordinary

SWAP

Decreasing Long

41,352

4.7440  GBP

10p ordinary

SWAP

Decreasing Short

403

4.7160  GBP

10p ordinary

SWAP

Decreasing Short

1,469

4.7233  GBP

10p ordinary

SWAP

Decreasing Short

1,877

4.7405  GBP

10p ordinary

SWAP

Decreasing Short

1,962

4.7506  GBP

10p ordinary

SWAP

Decreasing Short

2,638

4.7581  GBP

10p ordinary

SWAP

Decreasing Short

10,220

4.7549  GBP

10p ordinary

SWAP

Decreasing Short

50,539

4.7451  GBP

10p ordinary

SWAP

Increasing Long

48

4.7729  GBP

10p ordinary

SWAP

Increasing Long

576

4.7339  GBP

10p ordinary

SWAP

Increasing Long

739

4.7529  GBP

10p ordinary

SWAP

Increasing Long

1,249

4.7570  GBP

10p ordinary

SWAP

Increasing Long

1,249

4.7270  GBP

10p ordinary

SWAP

Increasing Long

1,249

4.7470  GBP

10p ordinary

SWAP

Increasing Long

1,249

4.7360  GBP

10p ordinary

SWAP

Increasing Long

1,249

4.7620  GBP

10p ordinary

SWAP

Increasing Long

1,250

4.7485  GBP

10p ordinary

SWAP

Increasing Long

1,250

4.7660  GBP

10p ordinary

SWAP

Increasing Long

1,250

4.7440  GBP

10p ordinary

SWAP

Increasing Long

1,250

4.7160  GBP

10p ordinary

SWAP

Increasing Long

1,273

4.7565  GBP

10p ordinary

SWAP

Increasing Long

1,273

4.7285  GBP

10p ordinary

SWAP

Increasing Long

1,273

4.7305  GBP

10p ordinary

SWAP

Increasing Long

1,273

4.7520  GBP

10p ordinary

SWAP

Increasing Long

2,082

4.7550  GBP

10p ordinary

CFD

Increasing Long

2,163

4.8150  GBP

10p ordinary

SWAP

Increasing Long

2,546

4.7530  GBP

10p ordinary

SWAP

Increasing Long

4,384

4.7418  GBP

10p ordinary

SWAP

Increasing Long

4,811

4.7464  GBP

10p ordinary

CFD

Increasing Long

8,326

4.7545  GBP

10p ordinary

SWAP

Increasing Long

9,760

4.7673  GBP

10p ordinary

CFD

Increasing Long

22,154

4.7440  GBP

10p ordinary

SWAP

Increasing Long

43,999

4.7439  GBP

10p ordinary

SWAP

Increasing Short

166

4.7465  GBP

10p ordinary

SWAP

Increasing Short

820

4.7550  GBP

10p ordinary

SWAP

Increasing Short

1,104

4.7509  GBP

10p ordinary

SWAP

Increasing Short

1,401

4.7510  GBP

10p ordinary

SWAP

Increasing Short

2,804

4.7502  GBP

10p ordinary

SWAP

Increasing Short

3,424

4.7524  GBP

10p ordinary

SWAP

Increasing Short

9,222

4.7528  GBP

10p ordinary

SWAP

Increasing Short

15,917

4.7481  GBP

10p ordinary

SWAP

Increasing Short

31,078

4.7480  GBP

10p ordinary

SWAP

Increasing Short

33,401

4.7474  GBP

10p ordinary

SWAP

Increasing Short

52,630

4.7537  GBP

10p ordinary

SWAP

Increasing Short

250,843

4.7440  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:

13 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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