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:
|
23 Apr 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:
|
13,172,463
|
1.35%
|
6,879,775
|
0.71%
|
(2)
Cash-settled derivatives:
|
5,924,615
|
0.61%
|
11,750,754
|
1.21%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
19,097,078
|
1.96%
|
18,630,529
|
1.91%
|
|
|
|
|
|
|
|
|
(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
|
1957337
|
4.5710
GBP
|
4.5161
GBP
|
10p
ordinary
|
Sale
|
1764044
|
4.5716
GBP
|
4.5177
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
|
Decreasing
Long
|
25
|
4.5631
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
32
|
4.5561
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
93
|
4.5494
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
117
|
4.5425
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
260
|
4.5673
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
300
|
4.5443
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
522
|
4.5710
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,107
|
4.5600
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
3,575
|
4.5269
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
11,318
|
4.5671
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
12,699
|
4.5710
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12
|
4.5619
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
159
|
4.5629
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
300
|
4.5513
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
598
|
4.5360
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
914
|
4.5178
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,441
|
4.5248
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,396
|
4.5545
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
9,245
|
4.5560
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,700
|
4.5710
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,982
|
4.5709
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
23,312
|
4.5343
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
89,548
|
4.5691
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
148,034
|
4.5378
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
4
|
4.5700
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
821
|
4.5709
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
3,597
|
4.5357
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
14,462
|
4.5488
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
19,596
|
4.5177
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
27,148
|
4.5706
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
30,178
|
4.5381
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
69
|
4.5481
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
396
|
4.5370
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
940
|
4.5712
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,073
|
4.5361
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,166
|
4.5437
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,248
|
4.5295
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,359
|
4.5361
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,551
|
4.5161
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,438
|
4.5692
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,783
|
4.5373
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,180
|
4.5446
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,442
|
4.5261
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,622
|
4.5473
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,657
|
4.5337
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17,712
|
4.5378
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
20,129
|
4.5710
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
20,613
|
4.5454
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
22,016
|
4.5305
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
24,954
|
4.5222
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
27,555
|
4.5288
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
29,977
|
4.5707
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
43,402
|
4.5572
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
44,216
|
4.5426
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
51,793
|
4.5492
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
57,923
|
4.5321
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
124,000
|
4.5515
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
6,000
|
4.5705
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
16,000
|
4.5616
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:
|
24 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|