RNS Number : 9037G
Barclays PLC
14 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:

13 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:

8,320,349

0.85%

7,721,261

0.79%

(2) Cash-settled derivatives:

6,802,765

0.70%

6,686,195

0.69%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

15,123,114

1.55%

14,407,456

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

1331250

4.7600  GBP

4.7292  GBP

ADR

Purchase

40000

12.0800  USD

12.0514  USD

ADR

Sale

40000

12.0800  USD

12.0514  USD

10p ordinary

Sale

1657612

4.7610  GBP

4.7240  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

Decreasing Long

97

4.7292  GBP

10p ordinary

SWAP

Decreasing Long

526

4.7448  GBP

10p ordinary

SWAP

Decreasing Long

601

4.7474  GBP

10p ordinary

SWAP

Decreasing Long

846

4.7419  GBP

10p ordinary

SWAP

Decreasing Long

1,150

4.7620  GBP

10p ordinary

SWAP

Decreasing Long

1,150

4.7310  GBP

10p ordinary

SWAP

Decreasing Long

1,150

4.7420  GBP

10p ordinary

SWAP

Decreasing Long

1,150

4.7385  GBP

10p ordinary

SWAP

Decreasing Long

1,150

4.7390  GBP

10p ordinary

SWAP

Decreasing Long

1,222

4.7635  GBP

10p ordinary

SWAP

Decreasing Long

1,222

4.7498  GBP

10p ordinary

SWAP

Decreasing Long

1,274

4.7430  GBP

10p ordinary

SWAP

Decreasing Long

1,274

4.7335  GBP

10p ordinary

SWAP

Decreasing Long

1,274

4.7355  GBP

10p ordinary

SWAP

Decreasing Long

1,275

4.7380  GBP

10p ordinary

SWAP

Decreasing Long

1,636

4.7510  GBP

10p ordinary

SWAP

Decreasing Long

1,700

4.7350  GBP

10p ordinary

SWAP

Decreasing Long

2,389

4.7550  GBP

10p ordinary

SWAP

Decreasing Long

2,417

4.7468  GBP

10p ordinary

SWAP

Decreasing Long

2,582

4.7489  GBP

10p ordinary

SWAP

Decreasing Long

2,713

4.7320  GBP

10p ordinary

SWAP

Decreasing Long

2,888

4.7424  GBP

10p ordinary

SWAP

Decreasing Long

3,414

4.7445  GBP

10p ordinary

SWAP

Decreasing Long

4,816

4.7399  GBP

10p ordinary

SWAP

Decreasing Long

5,574

4.7406  GBP

10p ordinary

CFD

Decreasing Long

6,117

4.7370  GBP

10p ordinary

CFD

Decreasing Long

9,341

4.7373  GBP

10p ordinary

SWAP

Decreasing Long

18,104

4.7370  GBP

10p ordinary

SWAP

Decreasing Long

18,255

4.7411  GBP

10p ordinary

CFD

Decreasing Long

22,954

4.7411  GBP

10p ordinary

CFD

Decreasing Long

40,000

4.7342  GBP

10p ordinary

SWAP

Decreasing Short

530

4.7441  GBP

10p ordinary

SWAP

Decreasing Short

600

4.7350  GBP

10p ordinary

SWAP

Decreasing Short

1,153

4.7440  GBP

10p ordinary

SWAP

Decreasing Short

1,684

4.7398  GBP

10p ordinary

SWAP

Decreasing Short

1,899

4.7370  GBP

10p ordinary

SWAP

Decreasing Short

8,508

4.7377  GBP

10p ordinary

SWAP

Decreasing Short

8,749

4.7370  GBP

10p ordinary

SWAP

Decreasing Short

33,842

4.7396  GBP

10p ordinary

SWAP

Decreasing Short

106,458

4.7371  GBP

10p ordinary

SWAP

Decreasing Short

155,688

4.7432  GBP

10p ordinary

CFD

Increasing Long

141

4.7370  GBP

10p ordinary

SWAP

Increasing Long

1,150

4.7385  GBP

10p ordinary

SWAP

Increasing Long

1,150

4.7420  GBP

10p ordinary

SWAP

Increasing Long

1,150

4.7390  GBP

10p ordinary

SWAP

Increasing Long

1,150

4.7310  GBP

10p ordinary

SWAP

Increasing Long

1,150

4.7620  GBP

10p ordinary

SWAP

Increasing Long

1,222

4.7635  GBP

10p ordinary

SWAP

Increasing Long

1,274

4.7355  GBP

10p ordinary

SWAP

Increasing Long

1,274

4.7430  GBP

10p ordinary

SWAP

Increasing Long

1,274

4.7335  GBP

10p ordinary

SWAP

Increasing Long

1,275

4.7445  GBP

10p ordinary

SWAP

Increasing Long

1,275

4.7380  GBP

10p ordinary

CFD

Increasing Long

1,482

4.7529  GBP

10p ordinary

SWAP

Increasing Long

1,700

4.7350  GBP

10p ordinary

SWAP

Increasing Long

2,265

4.7378  GBP

10p ordinary

SWAP

Increasing Long

2,389

4.7550  GBP

10p ordinary

SWAP

Increasing Long

2,547

4.7398  GBP

10p ordinary

SWAP

Increasing Long

2,713

4.7320  GBP

10p ordinary

CFD

Increasing Long

6,039

4.7391  GBP

10p ordinary

SWAP

Increasing Long

10,768

4.7366  GBP

10p ordinary

SWAP

Increasing Long

13,726

4.7400  GBP

10p ordinary

CFD

Increasing Long

28,930

4.7369  GBP

10p ordinary

SWAP

Increasing Long

49,918

4.7369  GBP

10p ordinary

SWAP

Increasing Short

514

4.7449  GBP

10p ordinary

SWAP

Increasing Short

709

4.7444  GBP

10p ordinary

SWAP

Increasing Short

903

4.7379  GBP

10p ordinary

SWAP

Increasing Short

1,416

4.7400  GBP

10p ordinary

SWAP

Increasing Short

1,571

4.7409  GBP

10p ordinary

SWAP

Increasing Short

1,794

4.7459  GBP

10p ordinary

SWAP

Increasing Short

2,171

4.7478  GBP

10p ordinary

SWAP

Increasing Short

6,902

4.7433  GBP

10p ordinary

SWAP

Increasing Short

7,720

4.7360  GBP

10p ordinary

SWAP

Increasing Short

12,574

4.7395  GBP

10p ordinary

SWAP

Increasing Short

16,665

4.7383  GBP

10p ordinary

SWAP

Opening Long

28,936

4.7380  GBP

ADR

CFD

Opening Long

40,000

12.0700  USD

ADR

CFD

Closing Long

40,000

12.0800  USD

 








(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:

14 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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