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:
|
18 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:
|
10,638,868
|
1.09%
|
6,436,282
|
0.66%
|
(2)
Cash-settled derivatives:
|
5,482,143
|
0.56%
|
9,322,396
|
0.96%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
16,121,011
|
1.65%
|
15,758,678
|
1.62%
|
|
|
|
|
|
|
|
|
(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
|
584385
|
5.0330
GBP
|
4.9690
GBP
|
10p
ordinary
|
Sale
|
683484
|
5.0387
GBP
|
4.9695
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
|
Opening
Long
|
20,132
|
4.9940
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
769
|
4.9615
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
104
|
4.9834
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
112
|
4.9853
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
3,680
|
5.0068
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
66
|
4.9839
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
5,200
|
4.9840
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
769
|
4.9844
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
56,365
|
4.9848
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
46
|
4.9930
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,986
|
4.9919
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
16,300
|
4.9972
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
45,447
|
4.9858
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
16,370
|
4.9840
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
9,418
|
5.0157
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,410
|
4.9747
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
945
|
4.9785
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1
|
4.9808
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,423
|
4.9818
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
529
|
4.9876
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
11,802
|
4.9884
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
117,268
|
4.9908
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
283
|
4.9912
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
49,358
|
4.9934
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
381
|
4.9947
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
480
|
4.9950
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,075
|
4.9992
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
333
|
4.9996
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,606
|
4.9998
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,272
|
5.0009
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
713
|
5.0034
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,393
|
5.0058
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
404
|
5.0088
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,208
|
5.0099
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,061
|
5.0101
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,583
|
5.0136
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,834
|
5.0155
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
333
|
5.0156
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,139
|
5.0157
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,410
|
5.0167
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
667
|
5.0168
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
409
|
5.0176
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,457
|
5.0190
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
4,728
|
5.0195
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
9,899
|
5.0211
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
914
|
5.0256
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,658
|
5.0304
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,888
|
5.0370
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,034
|
5.0386
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
250
|
4.9620
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,099
|
4.9828
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
21,796
|
4.9836
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,677
|
4.9969
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,526
|
5.0010
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
582
|
4.9815
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
77,288
|
4.9840
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,386
|
4.9848
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,037
|
5.0026
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,846
|
5.0108
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
21,404
|
5.0125
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
80
|
4.9799
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
10,137
|
4.9839
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,062
|
4.9849
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,289
|
4.9869
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
355
|
5.0002
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,895
|
5.0050
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,433
|
5.0085
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
842
|
5.0113
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,447
|
5.0137
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,418
|
4.9927
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,806
|
5.0170
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,592
|
5.0182
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
18,373
|
5.0189
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,967
|
5.0200
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
20,953
|
5.0213
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,756
|
5.0228
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,616
|
5.0240
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
340
|
4.9927
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,451
|
5.0061
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,406
|
4.9828
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
66,277
|
4.9840
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:
|
19 Jul 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|