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:
|
03 May 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:
|
13,457,931
|
1.38%
|
5,741,156
|
0.59%
|
(2)
Cash-settled derivatives:
|
4,874,038
|
0.50%
|
12,177,780
|
1.25%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
18,331,969
|
1.88%
|
17,918,936
|
1.84%
|
|
|
|
|
|
|
|
|
(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
|
1480482
|
4.8090
GBP
|
4.6433
GBP
|
10p
ordinary
|
Sale
|
1478616
|
4.8080
GBP
|
4.6334
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
|
126
|
4.7870
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
3,794
|
4.7870
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
28
|
4.6643
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
30
|
4.6720
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
73
|
4.6722
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
182
|
4.7854
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
328
|
4.7045
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
570
|
4.7430
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
586
|
4.7281
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
768
|
4.7695
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
916
|
4.7891
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
963
|
4.6731
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
984
|
4.7022
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,161
|
4.7848
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,488
|
4.7852
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,221
|
4.7888
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,510
|
4.7069
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,778
|
4.7368
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,218
|
4.7500
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,851
|
4.7482
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,855
|
4.7024
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,128
|
4.7821
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
7,105
|
4.7873
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
11,551
|
4.7088
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
21,877
|
4.7906
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
29,772
|
4.7869
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
65,768
|
4.6552
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
132,020
|
4.7978
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
158,820
|
4.7870
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
206,630
|
4.7755
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
105
|
4.6450
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
182
|
4.6460
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
396
|
4.6689
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
750
|
4.6240
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
903
|
4.7224
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
973
|
4.6500
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,037
|
4.6971
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,380
|
4.6973
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,389
|
4.7199
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,429
|
4.7881
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,003
|
4.6992
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,066
|
4.6717
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,529
|
4.7817
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
9,236
|
4.7867
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
9,361
|
4.7797
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
10,363
|
4.7313
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
10,789
|
4.7740
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,880
|
4.6850
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13,419
|
4.7838
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13,860
|
4.7841
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
15,474
|
4.7878
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
16,753
|
4.7824
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17,681
|
4.6692
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,382
|
4.6701
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
22,143
|
4.7544
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
23,264
|
4.7682
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
26,536
|
4.7869
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
26,616
|
4.7828
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
27,646
|
4.6756
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
62,674
|
4.7472
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
72,766
|
4.7874
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
87,590
|
4.7576
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
6,385
|
4.7938
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
15,745
|
4.7547
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
18,926
|
4.7866
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
32,266
|
4.7867
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
60,869
|
4.7778
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
206,630
|
4.7755
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
212
|
4.7670
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
292
|
4.7830
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
404
|
4.7680
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
617
|
4.7530
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
661
|
4.7820
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
892
|
4.7332
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,153
|
4.8040
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,651
|
4.7620
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,486
|
4.7672
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,888
|
4.6850
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,942
|
4.6433
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,145
|
4.7590
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,536
|
4.6693
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,911
|
4.7829
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,029
|
4.7394
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,379
|
4.7115
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,222
|
4.6943
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
50,000
|
4.6782
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
54,115
|
4.7280
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
78,325
|
4.7870
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
81,791
|
4.7870
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:
|
07 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|