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:
|
07 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:
|
12,942,905
|
1.33%
|
5,637,686
|
0.58%
|
(2)
Cash-settled derivatives:
|
4,791,163
|
0.49%
|
11,703,048
|
1.20%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
17,734,068
|
1.82%
|
17,340,734
|
1.78%
|
|
|
|
|
|
|
|
|
(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
|
1324028
|
4.9290
GBP
|
4.8330
GBP
|
10p
ordinary
|
Sale
|
1734989
|
4.9280
GBP
|
4.8355
GBP
|
ADR
|
Purchase
|
3500
|
12.2842
USD
|
12.2842
USD
|
ADR
|
Sale
|
3500
|
12.2842
USD
|
12.2842
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
|
63
|
4.8864
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
106
|
4.8720
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
164
|
4.9073
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
176
|
4.9149
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
200
|
4.8887
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
233
|
4.9111
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
308
|
4.8623
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
340
|
4.8770
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
587
|
4.9058
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
617
|
4.9068
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
630
|
4.9029
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
679
|
4.9148
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,286
|
4.9158
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,352
|
4.8905
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,367
|
4.8882
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,739
|
4.9279
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,908
|
4.9113
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,191
|
4.9077
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,334
|
4.9036
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,544
|
4.9190
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,702
|
4.9026
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,940
|
4.9115
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,728
|
4.9039
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,132
|
4.9142
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,779
|
4.8945
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,790
|
4.8924
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
6,455
|
4.9115
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
7,300
|
4.9125
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
9,378
|
4.9098
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
9,907
|
4.8970
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
13,479
|
4.9002
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
13,881
|
4.9054
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
14,659
|
4.9125
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
15,496
|
4.9141
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
18,284
|
4.8957
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
27,784
|
4.8698
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
29,351
|
4.9155
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
54,468
|
4.8845
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
60,389
|
4.8979
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
165
|
4.9099
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
395
|
4.9210
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
934
|
4.8659
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,267
|
4.8503
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,560
|
4.8680
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,564
|
4.8892
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,643
|
4.8464
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,811
|
4.8687
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,792
|
4.8490
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,818
|
4.8709
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
18,501
|
4.9087
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
42,841
|
4.9258
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
60,768
|
4.8940
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
66,387
|
4.8935
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
89,653
|
4.8960
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
121,575
|
4.9280
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
167,436
|
4.8999
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
242,117
|
4.9276
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
936
|
4.9080
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,652
|
4.9114
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,848
|
4.9109
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
8,845
|
4.9115
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
13,947
|
4.9120
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
16,927
|
4.9276
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
21,959
|
4.9125
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
22,567
|
4.9239
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
32,704
|
4.8595
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
42,308
|
4.8965
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
76,158
|
4.9146
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
70
|
4.9111
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
410
|
4.9093
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
506
|
4.9152
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,244
|
4.8697
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,546
|
4.9089
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,129
|
4.9036
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,306
|
4.9073
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,660
|
4.9141
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,671
|
4.8637
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
13,585
|
4.9128
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,351
|
4.9107
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
15,143
|
4.9157
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
15,500
|
4.9222
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
31,470
|
4.9241
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
241,080
|
4.9280
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
728
|
4.8754
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
1,096
|
4.9169
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:
|
08 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|