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:
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BARRATT DEVELOPMENTS PLC
|
(c)
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Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
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Date position held/dealing undertaken:
|
20 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.
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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:
|
12,511,275
|
1.28%
|
5,335,389
|
0.55%
|
(2)
Cash-settled derivatives:
|
4,385,589
|
0.45%
|
11,280,135
|
1.16%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
16,896,864
|
1.73%
|
16,615,524
|
1.70%
|
|
|
|
|
|
|
|
|
(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
|
427239
|
5.2980
GBP
|
5.1845
GBP
|
10p
ordinary
|
Sale
|
389734
|
5.2960
GBP
|
5.1845
GBP
|
ADR
|
Purchase
|
2
|
13.2400
USD
|
13.2400
USD
|
ADR
|
Sale
|
2
|
13.2400
USD
|
13.2400
USD
|
|
|
|
|
|
|
|
|
(b)
|
Cash-settled derivative transactions
|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
749
|
5.2384
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
2,280
|
5.1860
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
4,064
|
5.2077
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
5,913
|
5.2099
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
6,419
|
5.2139
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
14,055
|
5.1864
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
25,374
|
5.2589
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
100
|
5.2400
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
362
|
5.2564
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
480
|
5.2933
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
595
|
5.2682
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,117
|
5.2708
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,553
|
5.2903
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,009
|
5.2660
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,342
|
5.2939
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,342
|
5.2943
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,541
|
5.1892
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
26,177
|
5.2458
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
61,187
|
5.2467
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
90,776
|
5.2380
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
8
|
5.2163
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
17
|
5.1992
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
34
|
5.2122
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
37
|
5.1994
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
52
|
5.2140
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
54
|
5.2224
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
67
|
5.2217
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
80
|
5.2240
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
129
|
5.2094
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
188
|
5.1995
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
213
|
5.2168
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
368
|
5.1936
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
441
|
5.2181
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
447
|
5.2180
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
478
|
5.2035
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
683
|
5.2379
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
749
|
5.1855
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
760
|
5.2114
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
777
|
5.2095
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
783
|
5.1957
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
796
|
5.2225
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
893
|
5.2097
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
988
|
5.2189
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,612
|
5.1993
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,814
|
5.2001
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,409
|
5.2532
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,738
|
5.1934
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
6,532
|
5.2302
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
9,742
|
5.2448
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
10,307
|
5.1859
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
14,746
|
5.2125
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
17,347
|
5.2570
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
23,938
|
5.1859
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
364
|
5.1980
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
467
|
5.2860
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
705
|
5.2355
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,712
|
5.2678
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,936
|
5.2046
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,234
|
5.2142
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,904
|
5.2071
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,238
|
5.2114
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,470
|
5.1962
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,150
|
5.1924
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,184
|
5.2477
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
23,441
|
5.1938
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
27,735
|
5.1958
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
37,638
|
5.1889
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
113,392
|
5.1860
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:
|
21 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|
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