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)
|
Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
|
Date position held/dealing undertaken:
|
16 May 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:
|
13,653,679
|
1.40%
|
5,285,960
|
0.54%
|
(2)
Cash-settled derivatives:
|
4,326,971
|
0.44%
|
12,400,379
|
1.27%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
17,980,650
|
1.84%
|
17,686,339
|
1.81%
|
|
|
|
|
|
|
|
|
(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
|
364566
|
5.1940
GBP
|
5.1040
GBP
|
10p
ordinary
|
Sale
|
900818
|
5.1942
GBP
|
5.1375
GBP
|
ADR
|
Purchase
|
20
|
13.0000
USD
|
13.0000
USD
|
ADR
|
Sale
|
20
|
13.0000
USD
|
13.0000
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
|
1
|
5.1800
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
6
|
5.1683
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
190
|
5.1940
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
1,140
|
5.1937
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,112
|
5.1430
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,226
|
5.1944
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
11,459
|
5.1759
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
15,344
|
5.1725
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
18,380
|
5.1534
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
787
|
5.1661
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,180
|
5.1460
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,258
|
5.1615
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,915
|
5.1669
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,139
|
5.1514
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,572
|
5.1667
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,025
|
5.1708
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,385
|
5.1780
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,638
|
5.1770
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,790
|
5.1802
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,821
|
5.1717
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,804
|
5.1756
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,028
|
5.1751
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
15,850
|
5.1677
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17,372
|
5.1783
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
20,301
|
5.1768
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
22,297
|
5.1788
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
52,236
|
5.1695
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
98,565
|
5.1711
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
254,193
|
5.1940
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
27
|
5.1597
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
544
|
5.1820
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
721
|
5.1599
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
729
|
5.1744
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
869
|
5.1688
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,076
|
5.1815
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,112
|
5.1430
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,440
|
5.1694
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,905
|
5.1773
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,930
|
5.1833
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,030
|
5.1591
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
3,725
|
5.1604
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
3,797
|
5.1722
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
4,276
|
5.1395
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
4,672
|
5.1657
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
8,070
|
5.1603
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
17,659
|
5.1940
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
21,471
|
5.1662
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
22,815
|
5.1646
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
33,696
|
5.1695
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,400
|
5.1563
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,027
|
5.1746
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,819
|
5.1602
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17,408
|
5.1277
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
41,882
|
5.1934
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
72,775
|
5.1940
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
10
|
5.1497
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
8
|
5.1675
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
506
|
5.1518
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:
|
17 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|