FORM 8.5
(EPT/NON-RI)
|
PUBLIC OPENING POSITION
DISCLOSURE/DEALING DISCLOSURE BY AN
|
EXEMPT PRINCIPAL TRADER
WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
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(OR WHERE RI STATUS IS NOT
APPLICABLE)
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Rule 8.5 of the Takeover Code
(the "Code")
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1.
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KEY
INFORMATION
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(a)
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Name of exempt principal trader:
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BARCLAYS CAPITAL SECURITIES LTD
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(b)
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Name of offeror/offeree in relation to whose
relevant securities this form relates:
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BARRATT DEVELOPMENTS PLC
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(c)
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Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
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(d)
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Date position held/dealing undertaken:
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01 May 2024
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(e)
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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?
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YES:
REDROW PLC
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2.
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POSITIONS OF THE EXEMPT PRINCIPAL TRADER
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(a)
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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:
|
13,920,619
|
1.43%
|
6,138,819
|
0.63%
|
(2)
Cash-settled derivatives:
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5,241,223
|
0.54%
|
12,514,932
|
1.28%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
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19,161,842
|
1.97%
|
18,653,751
|
1.91%
|
|
|
|
|
|
|
|
|
(b)
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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.
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DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL
TRADER
|
(a)
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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
|
497763
|
4.5535
GBP
|
4.5265
GBP
|
10p
ordinary
|
Sale
|
450491
|
4.5458
GBP
|
4.5291
GBP
|
|
|
|
|
|
|
|
|
(b)
|
Cash-settled derivative transactions
|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
69
|
4.5400
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
125
|
4.5403
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
144
|
4.5381
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
185
|
4.5527
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
216
|
4.5364
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
344
|
4.5534
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
422
|
4.5410
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
461
|
4.5411
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
560
|
4.5535
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
621
|
4.5409
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,141
|
4.5392
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,081
|
4.5400
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
7,453
|
4.5447
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
305
|
4.5423
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
963
|
4.5518
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,694
|
4.5400
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,744
|
4.5409
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,789
|
4.5400
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,785
|
4.5367
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,020
|
4.5341
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,858
|
4.5367
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,160
|
4.5380
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
16,912
|
4.5377
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
66,594
|
4.5399
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
8,082
|
4.5291
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1
|
4.5370
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4
|
4.5350
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
652
|
4.5333
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
700
|
4.5350
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,031
|
4.5345
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,135
|
4.5329
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,060
|
4.5400
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,262
|
4.5438
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,389
|
4.5407
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,451
|
4.5376
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,644
|
4.5552
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,339
|
4.5372
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,106
|
4.5483
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,972
|
4.5551
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,189
|
4.5464
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
16,820
|
4.5393
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
18,028
|
4.5450
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
27,917
|
4.5474
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
39,112
|
4.5353
GBP
|
|
|
|
|
|
|
|
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(c)
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Stock-settled derivative transactions (including
options)
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(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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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(ii)
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Exercising
|
|
|
|
|
|
|
Class of relevant
security
|
Product
description
|
Exercising/ exercised
against
|
Number of
securities
|
Exercise price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
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(d)
|
Other dealings (including subscribing for new
securities)
|
Class of relevant
security
|
Nature of
Dealings
|
Details
|
Price per unit (if
applicable)
|
|
|
|
|
4.
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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 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
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020 3134
7213
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