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")
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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:
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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:
|
14 Jun 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:
|
12,010,826
|
1.23%
|
4,227,885
|
0.43%
|
(2)
Cash-settled derivatives:
|
3,370,153
|
0.35%
|
10,679,457
|
1.10%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
15,380,979
|
1.58%
|
14,907,342
|
1.53%
|
|
|
|
|
|
|
|
|
(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)
|
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
|
1802031
|
5.0111
GBP
|
4.8840
GBP
|
10p
ordinary
|
Sale
|
1294162
|
4.9815
GBP
|
4.8862
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
Long
|
5,947
|
4.9315
GBP
|
10p
ordinary
|
CFD
|
Closing
Long
|
21,011
|
4.9297
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
28,447
|
4.9785
GBP
|
10p
ordinary
|
CFD
|
Closing
Long
|
29,537
|
4.9116
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
60,878
|
4.9132
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
201,600
|
4.8875
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
5
|
4.9160
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
1,715
|
4.8990
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
12,771
|
4.9090
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
28,314
|
4.8890
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
33,459
|
4.9293
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
204
|
4.9744
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
972
|
4.9457
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,719
|
4.8948
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,465
|
5.0111
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,166
|
4.9302
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
23,553
|
4.9227
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
27
|
5.0200
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
46
|
4.8859
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
100
|
4.9089
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
446
|
4.9109
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
836
|
4.8690
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
852
|
4.9145
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,660
|
4.9187
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,418
|
4.9190
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,919
|
4.8889
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,100
|
4.9100
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,171
|
4.9105
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,201
|
4.9430
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,462
|
4.8999
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,506
|
4.8924
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,495
|
4.9157
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,145
|
4.9061
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
24,996
|
4.9133
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
86,400
|
4.8875
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
154,794
|
4.9135
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,539
|
4.8727
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
353
|
4.9330
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
439
|
4.9231
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
607
|
4.8807
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,005
|
4.9264
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,369
|
4.8789
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,451
|
4.8824
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,493
|
4.9187
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,152
|
4.9112
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,106
|
4.8930
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,062
|
4.8840
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,280
|
4.9029
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
21,300
|
4.9003
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
24,574
|
4.8908
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
31,403
|
4.9023
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
46,915
|
4.9516
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
86,553
|
4.8890
GBP
|
10p
ordinary
|
CFD
|
Opening
Short
|
700
|
4.9075
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
6,751
|
4.8956
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
13,089
|
4.8841
GBP
|
10p
ordinary
|
CFD
|
Opening
Short
|
14,401
|
4.8890
GBP
|
10p
ordinary
|
CFD
|
Opening
Short
|
15,993
|
4.8893
GBP
|
10p
ordinary
|
CFD
|
Opening
Short
|
16,009
|
4.9103
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
47,094
|
4.8890
GBP
|
10p
ordinary
|
CFD
|
Opening
Short
|
71,892
|
4.8894
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
77,877
|
4.8912
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
548,059
|
5.0020
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 Jun 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|