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)
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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)
|
Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
|
Date position held/dealing undertaken:
|
08 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:
|
13,943,562
|
1.43%
|
5,591,189
|
0.57%
|
(2)
Cash-settled derivatives:
|
4,772,896
|
0.49%
|
12,709,877
|
1.30%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
18,716,458
|
1.92%
|
18,301,066
|
1.88%
|
|
|
|
|
|
|
|
|
(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
|
2170941
|
4.9089
GBP
|
4.8630
GBP
|
10p
ordinary
|
Sale
|
1123168
|
4.9100
GBP
|
4.8620
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
Short
|
143
|
4.8769
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
202
|
4.8623
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
24,942
|
4.8960
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
26,707
|
4.8957
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3
|
4.8691
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
142
|
4.8875
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
209
|
4.8916
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
463
|
4.8938
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
495
|
4.8934
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
580
|
4.8874
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
605
|
4.8788
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
664
|
4.8873
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
861
|
4.8695
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
908
|
4.8871
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,963
|
4.8932
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,111
|
4.8766
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,704
|
4.8867
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,793
|
4.8869
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
4,734
|
4.8854
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,830
|
4.8910
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
16,833
|
4.8960
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
18,900
|
4.8905
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
21,216
|
4.8960
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
106,812
|
4.8959
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
203
|
4.8740
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
277
|
4.8827
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
762
|
4.8873
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
832
|
4.8800
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,349
|
4.8811
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,405
|
4.8841
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,066
|
4.8970
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,934
|
4.8910
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,192
|
4.8881
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
18,991
|
4.8923
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
24,311
|
4.8849
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
56,722
|
4.8816
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
229,659
|
4.8840
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
549
|
4.9118
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
5,623
|
4.8959
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
8,674
|
4.8949
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
9,315
|
4.8870
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
18,915
|
4.8933
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
33,805
|
4.8983
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
74,419
|
4.8960
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
196
|
4.8870
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
342
|
4.8850
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
447
|
4.8740
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,874
|
4.8833
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,037
|
4.8888
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,002
|
4.8772
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,328
|
4.8833
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,001
|
4.8874
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,580
|
4.8868
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
13,122
|
4.8786
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
15,912
|
4.8897
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17,546
|
4.8864
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
19,651
|
4.8826
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
29,564
|
4.8960
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
29,920
|
4.8841
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
44,595
|
4.8835
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
46,563
|
4.8960
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
71,000
|
4.9087
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
179,000
|
4.9087
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
19,259
|
4.8891
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
351,038
|
4.8918
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
499,638
|
4.8838
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:
|
09 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|