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:
|
14 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:
|
14,703,925
|
1.51%
|
5,268,582
|
0.54%
|
(2)
Cash-settled derivatives:
|
4,288,068
|
0.44%
|
13,348,976
|
1.37%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
18,991,993
|
1.95%
|
18,617,558
|
1.91%
|
|
|
|
|
|
|
|
|
(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
|
601036
|
4.9950
GBP
|
4.9011
GBP
|
10p
ordinary
|
Sale
|
628061
|
4.9979
GBP
|
4.9040
GBP
|
ADR
|
Purchase
|
4000
|
12.4700
USD
|
12.4700
USD
|
ADR
|
Sale
|
4000
|
12.4700
USD
|
12.4700
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
|
62
|
4.9115
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
62
|
4.9081
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
353
|
4.9099
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
766
|
4.9100
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,451
|
4.9494
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
8,476
|
4.9287
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
17,165
|
4.9575
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
17,787
|
4.9536
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
66,217
|
4.9490
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
136,435
|
4.9703
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2
|
4.9590
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13
|
4.9979
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
80
|
4.9768
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
628
|
4.9458
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
893
|
4.9589
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,002
|
4.9648
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,102
|
4.9800
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,424
|
4.9144
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,819
|
4.9154
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,231
|
4.9590
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,241
|
4.9957
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,318
|
4.9290
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,373
|
4.9328
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,602
|
4.9698
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,554
|
4.9451
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,991
|
4.9662
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13,891
|
4.9827
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,896
|
4.9575
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17,984
|
4.9692
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
36,865
|
4.9583
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
77,363
|
4.9690
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
156,692
|
4.9724
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
507
|
4.9589
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
3,768
|
4.9673
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
4,000
|
4.9796
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
6,517
|
4.9816
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
6,924
|
4.9762
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
11,172
|
4.9730
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
17,280
|
4.9090
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11
|
4.9081
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
18
|
4.9880
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
21
|
4.9240
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
683
|
4.9063
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
764
|
4.9670
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,247
|
4.9176
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,330
|
4.9624
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,449
|
4.9697
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,949
|
4.9532
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,230
|
4.9463
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,929
|
4.9656
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
13,970
|
4.9590
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
15,398
|
4.9311
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
64,641
|
4.9604
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
1,216
|
4.9062
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
35,405
|
4.9425
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:
|
15 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|