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)
|
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:
|
08 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:
|
9,551,508
|
0.98%
|
5,650,927
|
0.58%
|
(2)
Cash-settled derivatives:
|
4,812,934
|
0.49%
|
8,225,875
|
0.84%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
14,364,442
|
1.47%
|
13,876,802
|
1.42%
|
|
|
|
|
|
|
|
|
(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
|
359830
|
4.7214
GBP
|
4.6505
GBP
|
10p
ordinary
|
Sale
|
453003
|
4.7246
GBP
|
4.6510
GBP
|
ADR
|
Purchase
|
3000
|
11.8800
USD
|
11.8800
USD
|
ADR
|
Sale
|
3000
|
11.8800
USD
|
11.8800
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
|
Closing
Short
|
150
|
4.7020
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
628
|
4.7036
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
653
|
4.6779
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
713
|
4.6817
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
919
|
4.7214
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
1,162
|
4.7134
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
1,206
|
4.7146
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
2,103
|
4.7110
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
3,301
|
4.7150
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
3,738
|
4.7070
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
4,438
|
4.6708
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
112
|
4.7014
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
968
|
4.6493
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,280
|
4.6891
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,047
|
4.7174
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,808
|
4.6895
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,284
|
4.6986
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
16,093
|
4.7069
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
41,318
|
4.6932
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
225
|
4.6490
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,778
|
4.6692
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,354
|
4.6913
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,622
|
4.6928
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,724
|
4.7054
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
54,218
|
4.7111
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
500
|
4.7126
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
3,468
|
4.7118
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
5,000
|
4.7095
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
6,554
|
4.7070
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
6,854
|
4.6659
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
14,116
|
4.7186
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
22,198
|
4.7130
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
50,579
|
4.6834
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
44
|
4.7150
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
309
|
4.6870
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
324
|
4.6560
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
332
|
4.7092
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
663
|
4.6941
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
858
|
4.6937
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,741
|
4.7070
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,801
|
4.6902
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,377
|
4.6957
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,696
|
4.7072
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,492
|
4.6853
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,518
|
4.6991
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,744
|
4.6759
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
18,753
|
4.7032
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
17
|
4.7069
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
152
|
4.7185
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
359
|
4.7246
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
499
|
4.7229
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
1,203
|
4.7192
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
1,318
|
4.7143
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
17,357
|
4.7190
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
23,824
|
4.7153
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
9,644
|
4.7178
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
24,044
|
4.6980
GBP
|
|
|
|
|
|
|
|
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(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:
|
09 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|