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:
|
11 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:
|
10,526,589
|
1.08%
|
5,634,527
|
0.58%
|
(2)
Cash-settled derivatives:
|
4,788,250
|
0.49%
|
9,138,696
|
0.94%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
15,314,839
|
1.57%
|
14,773,223
|
1.52%
|
|
|
|
|
|
|
|
|
(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
|
765159
|
4.5615
GBP
|
4.5180
GBP
|
10p
ordinary
|
Sale
|
660661
|
4.5521
GBP
|
4.5220
GBP
|
ADR
|
Purchase
|
1302
|
11.3260
USD
|
11.3193
USD
|
ADR
|
Sale
|
1302
|
11.3260
USD
|
11.3193
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
|
66
|
4.5344
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
102
|
4.5450
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
586
|
4.5410
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
854
|
4.5217
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
20,350
|
4.5348
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
23,400
|
4.5619
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
63,131
|
4.5300
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
24
|
4.5479
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
394
|
4.5449
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
712
|
4.5403
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
768
|
4.5290
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,032
|
4.5439
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,182
|
4.5344
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,931
|
4.5361
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,191
|
4.5424
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,405
|
4.5442
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,540
|
4.5504
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,500
|
4.5396
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
9,982
|
4.5441
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,303
|
4.5432
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17,400
|
4.5455
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
24,635
|
4.5412
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
29,218
|
4.5498
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
32,931
|
4.5301
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
55,726
|
4.5497
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
400
|
4.5306
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,100
|
4.5300
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,217
|
4.5413
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,592
|
4.5283
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
10,359
|
4.5308
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
52,387
|
4.5420
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
27
|
4.5288
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
89
|
4.5280
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
247
|
4.5230
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
482
|
4.5302
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
571
|
4.5490
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
820
|
4.5609
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
957
|
4.5395
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,235
|
4.5491
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,325
|
4.5356
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,546
|
4.5392
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,087
|
4.5337
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,179
|
4.5373
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,467
|
4.5416
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,893
|
4.5384
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,007
|
4.5342
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,449
|
4.5283
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,374
|
4.5267
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,694
|
4.5304
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,822
|
4.5308
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
29,730
|
4.5448
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
39,690
|
4.5322
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
42,295
|
4.5299
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
79,936
|
4.5300
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:
|
12 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|