RNS Number : 2952Q
Barclays PLC
29 May 2024
 

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

 

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