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:
|
19 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:
|
8,005,122
|
0.82%
|
8,049,999
|
0.83%
|
(2)
Cash-settled derivatives:
|
7,084,283
|
0.73%
|
6,366,296
|
0.65%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
15,089,405
|
1.55%
|
14,416,295
|
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
|
2638225
|
4.6910
GBP
|
4.6230
GBP
|
10p
ordinary
|
Sale
|
2233061
|
4.7110
GBP
|
4.6230
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
|
25
|
4.6792
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
44
|
4.6435
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
61
|
4.6843
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
151
|
4.6861
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
201
|
4.6764
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
267
|
4.6377
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
277
|
4.6406
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
283
|
4.6583
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
556
|
4.6793
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
928
|
4.6493
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,630
|
4.6552
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
2,662
|
4.6730
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,870
|
4.6600
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
9,073
|
4.6417
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
12,115
|
4.6468
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
13,314
|
4.6551
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
19,556
|
4.6597
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
20,606
|
4.6599
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
27,209
|
4.6540
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
32,229
|
4.6489
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
37,946
|
4.6490
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
48,452
|
4.6480
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
191
|
4.6730
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
961
|
4.6513
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,211
|
4.6422
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,342
|
4.6587
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,218
|
4.6492
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
16,571
|
4.6614
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
23,012
|
4.6587
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
28,204
|
4.6435
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
42,396
|
4.6461
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
278
|
4.6721
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
310
|
4.6836
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
610
|
4.6507
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
928
|
4.6906
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,106
|
4.6934
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,244
|
4.6752
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,182
|
4.6818
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,917
|
4.6775
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
9,706
|
4.6489
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
36,603
|
4.6826
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
47,902
|
4.6562
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
562
|
4.6589
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,117
|
4.6713
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,364
|
4.6649
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,569
|
4.6492
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,573
|
4.6814
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,824
|
4.6793
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,743
|
4.6490
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,879
|
4.6660
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
18,028
|
4.6678
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
46,081
|
4.6507
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
86,388
|
4.6556
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
15
|
4.6843
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
38
|
4.6861
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
130
|
4.6793
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
594
|
4.6552
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
1,032
|
4.6551
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
8,209
|
4.6490
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
9,206
|
4.6599
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:
|
20 Mar 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|