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:
|
29 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:
|
12,849,869
|
1.32%
|
4,965,252
|
0.51%
|
(2)
Cash-settled derivatives:
|
4,136,878
|
0.42%
|
11,462,063
|
1.18%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
16,986,747
|
1.74%
|
16,427,315
|
1.69%
|
|
|
|
|
|
|
|
|
(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
|
1155312
|
5.0620
GBP
|
4.9535
GBP
|
10p
ordinary
|
Sale
|
448458
|
5.0554
GBP
|
4.9535
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
|
Decreasing
Long
|
80
|
5.0474
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
90
|
4.9760
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
220
|
4.9810
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
240
|
4.9814
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
284
|
4.9896
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
349
|
4.9759
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
961
|
5.0604
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,194
|
5.0223
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,519
|
5.0373
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,582
|
4.9897
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,507
|
5.0180
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,049
|
4.9925
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,211
|
4.9932
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,387
|
4.9900
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,870
|
4.9934
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
3,896
|
4.9830
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
4,504
|
4.9813
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,937
|
5.0214
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,993
|
4.9836
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
11,458
|
4.9837
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
12,064
|
5.0166
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
20,057
|
5.0273
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
22,147
|
4.9829
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
22,452
|
4.9550
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
23,994
|
4.9844
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
27,294
|
4.9843
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
71,816
|
4.9553
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
79,278
|
4.9550
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11
|
4.9819
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14
|
4.9829
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
78
|
4.9851
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
105
|
4.9859
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
120
|
4.9830
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
262
|
5.0263
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
762
|
5.0600
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
981
|
5.0520
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,098
|
5.0418
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,215
|
5.0388
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,595
|
5.0165
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,011
|
5.0326
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,292
|
4.9831
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,790
|
4.9715
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,757
|
4.9549
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,212
|
4.9865
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,415
|
4.9815
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,613
|
4.9709
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,706
|
4.9814
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,807
|
5.0283
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,500
|
4.9895
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
22,457
|
4.9839
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
125,000
|
4.9684
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
515
|
4.9825
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
961
|
4.9546
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
34,516
|
4.9973
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
84
|
5.0388
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
85
|
5.0184
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
200
|
4.9780
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
366
|
4.9884
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
658
|
4.9969
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,061
|
5.0102
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,109
|
4.9880
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,689
|
4.9970
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,313
|
4.9932
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,332
|
4.9874
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,863
|
5.0132
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,529
|
4.9914
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,143
|
4.9972
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,548
|
4.9901
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,656
|
4.9860
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
15,810
|
4.9872
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
30,604
|
4.9888
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
30,935
|
4.9573
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
35,953
|
4.9913
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
49,950
|
4.9834
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
99,900
|
4.9889
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
268,839
|
4.9550
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:
|
30 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|