FORM 8.5 (EPT/NON-RI)
Amendment in 2 (a) and 3 (b)
|
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:
|
09 Jul 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:
|
11,312,900
|
1.16%
|
6,610,252
|
0.68%
|
(2)
Cash-settled derivatives:
|
5,649,107
|
0.58%
|
9,939,749
|
1.02%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
16,962,007
|
1.74%
|
16,550,001
|
1.70%
|
|
|
|
|
|
|
|
|
(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
|
1449809
|
5.0560
GBP
|
4.9070
GBP
|
10p
ordinary
|
Sale
|
1140117
|
5.0529
GBP
|
4.9070
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
|
Increasing
Short
|
22,579
|
4.9595
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
42,683
|
5.0110
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
3,088
|
5.0935
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
35,220
|
4.9120
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
589
|
4.9123
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
5,947
|
5.0043
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
7,463
|
5.0428
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
4
|
4.9325
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
1
|
4.9900
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,400
|
4.9535
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
19,900
|
4.9120
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,550
|
5.0208
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
261
|
5.0437
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
22,047
|
4.9846
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
11,844
|
4.9711
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
599
|
5.0239
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
482
|
5.0277
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,000
|
5.0297
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
184
|
5.0304
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
782
|
5.0376
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
539
|
5.0407
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,365
|
5.0435
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
113
|
5.0436
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,365
|
5.0456
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
751
|
5.0457
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
211
|
5.0471
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
449
|
5.0475
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
434
|
5.0476
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
732
|
5.0496
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,643
|
5.0497
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
490
|
5.0528
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
696
|
5.0529
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
32,100
|
4.9146
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
6,948
|
4.9170
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,731
|
4.9356
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
665
|
4.9388
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
215
|
4.9483
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,770
|
4.9501
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,782
|
4.9537
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
18,744
|
4.9343
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,167
|
4.9912
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,092
|
5.0092
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,199
|
5.0196
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,084
|
5.0213
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
686
|
5.0400
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
197
|
5.0940
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17,875
|
4.9120
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
22,857
|
4.9397
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
39,997
|
4.9767
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,194
|
5.0040
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,918
|
5.0316
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
345
|
5.0520
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17,060
|
4.9119
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,708
|
4.9425
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,748
|
4.9699
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
83
|
4.9729
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,873
|
4.9830
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,950
|
4.9879
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,987
|
5.0382
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,097
|
5.0405
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,530
|
5.0408
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,764
|
5.0419
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,059
|
4.9247
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
735
|
4.9273
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,741
|
4.9284
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,472
|
4.9296
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,083
|
4.9464
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
360
|
5.0380
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
196
|
5.0420
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
13,899
|
4.9120
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
20,751
|
4.9485
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
20,394
|
4.9501
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 Jul 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|