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:
|
28 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:
|
12,436,980
|
1.28%
|
5,258,878
|
0.54%
|
(2)
Cash-settled derivatives:
|
4,451,135
|
0.46%
|
11,085,237
|
1.14%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
16,888,115
|
1.73%
|
16,344,115
|
1.68%
|
|
|
|
|
|
|
|
|
(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
|
1060371
|
5.1500
GBP
|
5.0551
GBP
|
10p
ordinary
|
Sale
|
783599
|
5.1500
GBP
|
5.0625
GBP
|
ADR
|
Purchase
|
1500
|
12.9200
USD
|
12.9200
USD
|
ADR
|
Sale
|
1500
|
12.9200
USD
|
12.9200
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
|
18
|
5.1263
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
59
|
5.1259
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
183
|
5.1261
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
190
|
5.1264
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
418
|
5.1145
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
477
|
5.0663
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
976
|
5.1024
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,022
|
5.1185
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,023
|
5.0664
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,213
|
5.1085
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,674
|
5.1345
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,146
|
5.1260
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,185
|
5.1271
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,269
|
5.1020
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,337
|
5.1270
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,808
|
5.1162
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,821
|
5.1083
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,314
|
5.1084
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,659
|
5.1052
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,147
|
5.1186
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,695
|
5.1279
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
6,016
|
5.1086
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
6,199
|
5.0564
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
6,854
|
5.1184
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
13,157
|
5.1151
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
14,746
|
5.0720
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
16,228
|
5.1025
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
34,363
|
5.1014
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
77
|
5.1159
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
546
|
5.1300
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,068
|
5.0654
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,384
|
5.1260
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,237
|
5.1085
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,525
|
5.1163
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,959
|
5.1069
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,631
|
5.1259
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,937
|
5.0943
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,240
|
5.0960
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,927
|
5.1217
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,400
|
5.1001
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
10,648
|
5.1208
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,256
|
5.1289
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,678
|
5.1213
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17,520
|
5.1322
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
20,794
|
5.1264
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
21,552
|
5.0720
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
34,194
|
5.0734
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
35,676
|
5.0938
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
40,022
|
5.1301
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
67,449
|
5.0989
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
460
|
5.1273
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
6,625
|
5.1453
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
8,693
|
5.1238
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
9,789
|
5.1436
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
12,697
|
5.0719
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1
|
5.0540
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
13
|
5.0620
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
72
|
5.1180
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
118
|
5.0641
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
253
|
5.0560
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
605
|
5.0583
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
692
|
5.1268
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,593
|
5.1440
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,536
|
5.0795
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,243
|
5.0985
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
29,082
|
5.0614
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
39,422
|
5.0720
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
46,836
|
5.0775
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
267,975
|
5.0883
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
1,800
|
5.0569
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
1,842
|
5.0576
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
1,921
|
5.0796
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
4,278
|
5.0603
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
6,326
|
5.0619
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
14,373
|
5.0721
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
36,987
|
5.0956
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:
|
29 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|