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)
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Name of exempt principal trader:
|
BARCLAYS CAPITAL SECURITIES LTD
|
(b)
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Name of offeror/offeree in relation to whose
relevant securities this form relates:
|
BARRATT DEVELOPMENTS PLC
|
(c)
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Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
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Date position held/dealing undertaken:
|
03 Apr 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:
|
9,924,689
|
1.02%
|
5,573,972
|
0.57%
|
(2)
Cash-settled derivatives:
|
4,739,006
|
0.49%
|
8,514,117
|
0.87%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
14,663,695
|
1.50%
|
14,088,089
|
1.45%
|
|
|
|
|
|
|
|
|
(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
|
482210
|
4.6610
GBP
|
4.6000
GBP
|
10p
ordinary
|
Sale
|
817025
|
4.6602
GBP
|
4.6010
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
|
Closing
Short
|
696
|
4.6262
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
3,660
|
4.6309
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
8,417
|
4.6479
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
9,921
|
4.6310
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
12,670
|
4.6570
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
159
|
4.6040
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
628
|
4.5993
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
14,328
|
4.6135
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
20,683
|
4.6215
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
25,068
|
4.6570
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
96
|
4.6410
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
810
|
4.6590
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,007
|
4.6254
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,105
|
4.6102
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,556
|
4.6094
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
21,564
|
4.6425
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
34,026
|
4.6570
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
78,596
|
4.6400
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
78,984
|
4.6557
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
92,611
|
4.6569
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
10
|
4.6570
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,013
|
4.6219
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,420
|
4.6206
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
6,596
|
4.6559
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
8,362
|
4.5984
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
8,767
|
4.6260
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
8,970
|
4.6339
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
9,419
|
4.5990
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
9,731
|
4.6569
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
14,296
|
4.6429
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
15,722
|
4.6473
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
18,713
|
4.6124
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
25,099
|
4.6093
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
26,266
|
4.6309
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
592
|
4.6033
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
647
|
4.6241
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
979
|
4.6244
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,021
|
4.6336
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,078
|
4.6209
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,097
|
4.6164
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,250
|
4.6217
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
15,419
|
4.6305
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
40,639
|
4.6556
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
778
|
4.6164
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
860
|
4.6284
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
3,451
|
4.6254
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
3,701
|
4.6242
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
8,037
|
4.6569
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
42,848
|
4.6085
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
37,651
|
4.6540
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
37,667
|
4.6290
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:
|
04 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|