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:
|
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:
|
26 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:
|
13,979,679
|
1.43%
|
6,251,957
|
0.64%
|
(2)
Cash-settled derivatives:
|
5,314,895
|
0.55%
|
12,536,663
|
1.29%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
19,294,574
|
1.98%
|
18,788,620
|
1.93%
|
|
|
|
|
|
|
|
|
(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
|
542068
|
4.5790
GBP
|
4.5080
GBP
|
10p
ordinary
|
Sale
|
393500
|
4.5820
GBP
|
4.5273
GBP
|
ADR
|
Purchase
|
1500
|
11.3300
USD
|
11.3300
USD
|
ADR
|
Sale
|
1500
|
11.3300
USD
|
11.3300
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
|
Decreasing
Long
|
2
|
4.5559
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4
|
4.5687
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
11
|
4.5617
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
21
|
4.5618
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
101
|
4.5632
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
399
|
4.5524
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
544
|
4.5554
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
809
|
4.5605
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,281
|
4.5374
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,907
|
4.5079
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,558
|
4.5668
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,790
|
4.5616
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,306
|
4.5682
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
6,657
|
4.5460
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
7,644
|
4.5320
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
8,577
|
4.5489
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
9,644
|
4.5464
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
15,241
|
4.5493
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
19,851
|
4.5614
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
21,649
|
4.5494
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
24,370
|
4.5490
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
57,570
|
4.5569
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4
|
4.5759
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
52
|
4.5620
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
227
|
4.5420
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
254
|
4.5160
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
324
|
4.5669
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
443
|
4.5342
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
831
|
4.5486
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
884
|
4.5485
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,063
|
4.5454
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,586
|
4.5594
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,847
|
4.5595
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,381
|
4.5468
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,238
|
4.5441
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
10,223
|
4.5674
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
10,864
|
4.5627
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,822
|
4.5618
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,842
|
4.5634
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
16,010
|
4.5633
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
23,932
|
4.5613
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
24,406
|
4.5522
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
33,819
|
4.5581
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
48,884
|
4.5597
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
143
|
4.5320
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,500
|
4.5456
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,123
|
4.5673
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
6,624
|
4.5443
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
10,880
|
4.5662
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
19,098
|
4.5489
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
31
|
4.5570
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
415
|
4.5580
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
681
|
4.5693
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,139
|
4.5511
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,595
|
4.5521
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,308
|
4.5416
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,930
|
4.5405
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,069
|
4.5552
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,693
|
4.5631
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,968
|
4.5588
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
152,866
|
4.5490
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:
|
29 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|