RNS Number : 0537H
Barclays PLC
15 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:

14 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:

8,263,495

0.85%

8,058,709

0.83%

(2) Cash-settled derivatives:

7,128,478

0.73%

6,649,353

0.68%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

15,391,973

1.58%

14,708,062

1.51%

 








(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

737032

4.8165  GBP

4.7410  GBP

10p ordinary

Sale

1131438

4.8160  GBP

4.7390  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

33

4.7630  GBP

10p ordinary

SWAP

Decreasing Long

69

4.8033  GBP

10p ordinary

SWAP

Decreasing Long

191

4.7689  GBP

10p ordinary

SWAP

Decreasing Long

258

4.8100  GBP

10p ordinary

SWAP

Decreasing Long

974

4.7848  GBP

10p ordinary

SWAP

Decreasing Long

1,032

4.7850  GBP

10p ordinary

SWAP

Decreasing Long

1,032

4.8000  GBP

10p ordinary

SWAP

Decreasing Long

1,032

4.8170  GBP

10p ordinary

SWAP

Decreasing Long

1,033

4.7760  GBP

10p ordinary

SWAP

Decreasing Long

1,033

4.8015  GBP

10p ordinary

SWAP

Decreasing Long

1,033

4.8020  GBP

10p ordinary

SWAP

Decreasing Long

1,180

4.7690  GBP

10p ordinary

SWAP

Decreasing Long

1,180

4.8205  GBP

10p ordinary

SWAP

Decreasing Long

1,180

4.8055  GBP

10p ordinary

SWAP

Decreasing Long

1,180

4.8050  GBP

10p ordinary

SWAP

Decreasing Long

1,180

4.8125  GBP

10p ordinary

SWAP

Decreasing Long

1,181

4.8065  GBP

10p ordinary

SWAP

Decreasing Long

1,181

4.7975  GBP

10p ordinary

SWAP

Decreasing Long

1,844

4.7954  GBP

10p ordinary

SWAP

Decreasing Long

2,079

4.7820  GBP

10p ordinary

SWAP

Decreasing Long

2,212

4.7835  GBP

10p ordinary

SWAP

Decreasing Long

2,215

4.8151  GBP

10p ordinary

SWAP

Decreasing Long

2,254

4.7705  GBP

10p ordinary

SWAP

Decreasing Long

2,439

4.7480  GBP

10p ordinary

SWAP

Decreasing Long

3,030

4.7819  GBP

10p ordinary

SWAP

Decreasing Long

3,193

4.7923  GBP

10p ordinary

SWAP

Decreasing Long

4,063

4.7987  GBP

10p ordinary

CFD

Decreasing Long

4,557

4.7713  GBP

10p ordinary

SWAP

Decreasing Long

4,745

4.7710  GBP

10p ordinary

CFD

Decreasing Long

4,911

4.7972  GBP

10p ordinary

SWAP

Decreasing Long

5,258

4.7699  GBP

10p ordinary

SWAP

Decreasing Long

7,477

4.7700  GBP

10p ordinary

SWAP

Decreasing Long

11,113

4.8045  GBP

10p ordinary

SWAP

Decreasing Long

23,772

4.7697  GBP

10p ordinary

SWAP

Decreasing Long

26,361

4.7800  GBP

10p ordinary

SWAP

Decreasing Short

403

4.7670  GBP

10p ordinary

SWAP

Decreasing Short

1,000

4.7708  GBP

10p ordinary

SWAP

Decreasing Short

3,112

4.8023  GBP

10p ordinary

SWAP

Decreasing Short

4,724

4.7912  GBP

10p ordinary

SWAP

Decreasing Short

22,760

4.7692  GBP

10p ordinary

SWAP

Decreasing Short

23,446

4.7871  GBP

10p ordinary

SWAP

Decreasing Short

62,516

4.7710  GBP

10p ordinary

SWAP

Decreasing Short

77,815

4.7785  GBP

10p ordinary

SWAP

Decreasing Short

291,381

4.7754  GBP

10p ordinary

CFD

Increasing Long

20

4.7410  GBP

10p ordinary

SWAP

Increasing Long

53

4.7739  GBP

10p ordinary

SWAP

Increasing Long

90

4.7657  GBP

10p ordinary

SWAP

Increasing Long

218

4.7704  GBP

10p ordinary

SWAP

Increasing Long

475

4.7680  GBP

10p ordinary

SWAP

Increasing Long

850

4.7719  GBP

10p ordinary

SWAP

Increasing Long

1,032

4.8170  GBP

10p ordinary

SWAP

Increasing Long

1,032

4.8000  GBP

10p ordinary

SWAP

Increasing Long

1,033

4.8015  GBP

10p ordinary

SWAP

Increasing Long

1,033

4.7760  GBP

10p ordinary

SWAP

Increasing Long

1,033

4.8020  GBP

10p ordinary

SWAP

Increasing Long

1,180

4.8050  GBP

10p ordinary

SWAP

Increasing Long

1,180

4.7690  GBP

10p ordinary

SWAP

Increasing Long

1,180

4.8205  GBP

10p ordinary

SWAP

Increasing Long

1,180

4.8125  GBP

10p ordinary

SWAP

Increasing Long

1,180

4.8055  GBP

10p ordinary

SWAP

Increasing Long

1,181

4.8065  GBP

10p ordinary

SWAP

Increasing Long

1,181

4.7975  GBP

10p ordinary

CFD

Increasing Long

1,241

4.8098  GBP

10p ordinary

CFD

Increasing Long

1,491

4.7700  GBP

10p ordinary

CFD

Increasing Long

1,774

4.7474  GBP

10p ordinary

SWAP

Increasing Long

1,847

4.7849  GBP

10p ordinary

CFD

Increasing Long

2,051

4.7466  GBP

10p ordinary

SWAP

Increasing Long

2,212

4.7835  GBP

10p ordinary

CFD

Increasing Long

2,821

4.7709  GBP

10p ordinary

CFD

Increasing Long

3,176

4.7930  GBP

10p ordinary

CFD

Increasing Long

3,178

4.7794  GBP

10p ordinary

CFD

Increasing Long

3,250

4.7692  GBP

10p ordinary

SWAP

Increasing Long

6,206

4.7756  GBP

10p ordinary

SWAP

Increasing Long

6,322

4.7674  GBP

10p ordinary

SWAP

Increasing Long

8,919

4.7981  GBP

10p ordinary

SWAP

Increasing Long

392,248

4.7850  GBP

10p ordinary

SWAP

Increasing Short

432

4.7875  GBP

10p ordinary

SWAP

Increasing Short

461

4.7682  GBP

10p ordinary

SWAP

Increasing Short

699

4.7980  GBP

10p ordinary

SWAP

Increasing Short

1,351

4.7825  GBP

10p ordinary

SWAP

Increasing Short

2,133

4.7689  GBP

10p ordinary

SWAP

Increasing Short

2,162

4.7938  GBP

10p ordinary

SWAP

Increasing Short

3,043

4.7826  GBP

10p ordinary

SWAP

Increasing Short

3,311

4.7709  GBP

10p ordinary

SWAP

Increasing Short

6,405

4.7710  GBP

10p ordinary

SWAP

Increasing Short

17,721

4.7997  GBP

10p ordinary

SWAP

Increasing Short

65,776

4.7715  GBP

10p ordinary

SWAP

Increasing Short

344,261

4.7710  GBP

10p ordinary

SWAP

Opening Long

264

4.7756  GBP

10p ordinary

SWAP

Opening Long

1,087

4.7981  GBP

10p ordinary

SWAP

Opening Short

2,560

4.7734  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:

15 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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