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:
|
28 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:
|
9,974,478
|
1.02%
|
5,483,466
|
0.56%
|
(2)
Cash-settled derivatives:
|
4,603,498
|
0.47%
|
8,587,740
|
0.88%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
14,577,976
|
1.50%
|
14,071,206
|
1.44%
|
|
|
|
|
|
|
|
|
(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
|
ADR
|
Purchase
|
126936
|
12.1100
USD
|
12.0249
USD
|
10p
ordinary
|
Purchase
|
1201115
|
4.7910
GBP
|
4.7519
GBP
|
10p
ordinary
|
Sale
|
574922
|
4.7930
GBP
|
4.7519
GBP
|
ADR
|
Sale
|
86936
|
12.1100
USD
|
12.0249
USD
|
|
|
|
|
|
|
|
|
(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
|
447
|
4.7766
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,785
|
4.7737
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,787
|
4.7831
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,787
|
4.7870
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,813
|
4.7838
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
2,482
|
4.7636
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,050
|
4.7833
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
6,156
|
4.7586
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
6,927
|
4.7559
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
7,152
|
4.7783
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
8,762
|
4.7821
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
17,308
|
4.7824
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
21,868
|
4.7758
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
22,884
|
4.7878
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
23,533
|
4.7563
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
31,175
|
4.7560
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
35,196
|
4.7725
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
40,543
|
4.7560
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
45,663
|
4.7877
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
106
|
4.7858
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
175
|
4.7760
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
272
|
4.7709
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
382
|
4.7850
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
434
|
4.7840
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
504
|
4.7780
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
600
|
4.7858
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
695
|
4.7647
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,468
|
4.7653
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,052
|
4.7787
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,537
|
4.7751
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,921
|
4.7799
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,238
|
4.7898
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
46,934
|
4.7754
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
10
|
4.7819
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
396
|
4.7560
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
550
|
4.7855
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,121
|
4.7828
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,134
|
4.7858
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,241
|
4.7829
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,481
|
4.7812
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,611
|
4.7846
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,760
|
4.7849
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,856
|
4.7760
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,861
|
4.7719
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,889
|
4.7709
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
4,602
|
4.7840
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
9,301
|
4.7666
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
17,114
|
4.7559
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
17,309
|
4.7720
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
21,772
|
4.7787
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
27,098
|
4.7829
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
37,277
|
4.7782
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
40,000
|
4.7853
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
226
|
4.7810
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
729
|
4.7812
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
989
|
4.7803
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,948
|
4.7717
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,279
|
4.7752
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,774
|
4.7750
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
44,089
|
4.7561
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
73,763
|
4.7772
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
173,295
|
4.7732
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
252,254
|
4.7560
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
46
|
4.7858
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
77
|
4.7760
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
118
|
4.7709
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
188
|
4.7840
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
892
|
4.7787
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:
|
02 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|