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
|