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
|