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:
|
13 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:
|
14,742,661
|
1.51%
|
5,279,737
|
0.54%
|
(2)
Cash-settled derivatives:
|
4,477,862
|
0.46%
|
13,551,679
|
1.39%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
19,220,523
|
1.97%
|
18,831,416
|
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
|
1447921
|
4.9541
GBP
|
4.9060
GBP
|
10p
ordinary
|
Sale
|
591883
|
4.9560
GBP
|
4.9060
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
|
39
|
4.9369
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
1,108
|
4.9123
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
8,702
|
4.9200
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
10,957
|
4.9197
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
47
|
4.9140
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
54
|
4.9296
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
56
|
4.9157
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
77
|
4.9299
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
169
|
4.9454
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
177
|
4.9544
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
227
|
4.9227
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
257
|
4.9228
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
462
|
4.9322
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
508
|
4.9309
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
560
|
4.9330
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
634
|
4.9159
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
726
|
4.9444
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
741
|
4.9221
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,670
|
4.9390
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,748
|
4.9453
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,977
|
4.9452
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,033
|
4.9362
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,788
|
4.9246
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,057
|
4.9278
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,080
|
4.9438
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
7,182
|
4.9203
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
19,145
|
4.9131
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
19,973
|
4.9204
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
23,292
|
4.9275
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
24,056
|
4.9282
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
49,375
|
4.9200
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11
|
4.9519
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14
|
4.9419
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
36
|
4.9538
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
47
|
4.9200
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
563
|
4.9560
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
767
|
4.9174
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,083
|
4.9265
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,397
|
4.9399
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,788
|
4.9212
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,899
|
4.9063
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,422
|
4.9226
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
10,500
|
4.9487
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,713
|
4.9485
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
52,190
|
4.9315
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
968
|
4.9357
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,652
|
4.9059
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
12,964
|
4.9421
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
16,525
|
4.9200
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
550
|
4.9360
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
762
|
4.9215
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,458
|
4.9407
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,725
|
4.9306
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,675
|
4.9190
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,508
|
4.9271
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,341
|
4.9236
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,651
|
4.9224
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,015
|
4.9288
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,273
|
4.9396
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,155
|
4.9369
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,963
|
4.9344
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
15,173
|
4.9152
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
23,110
|
4.9341
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
24,509
|
4.9323
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
25,015
|
4.9204
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
32,812
|
4.9275
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
50,000
|
4.9219
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
60,191
|
4.9244
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
81,404
|
4.9098
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
153,129
|
4.9458
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
243,251
|
4.9200
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
31
|
4.9151
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
1,869
|
4.9319
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:
|
14 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|