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
|