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:
|
03 Jun 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:
|
13,312,450
|
1.37%
|
4,952,497
|
0.51%
|
(2)
Cash-settled derivatives:
|
3,940,197
|
0.40%
|
11,880,166
|
1.22%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
17,252,647
|
1.77%
|
16,832,663
|
1.73%
|
|
|
|
|
|
|
|
|
(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
|
992104
|
5.1014
GBP
|
5.0400
GBP
|
10p
ordinary
|
Sale
|
656924
|
5.1126
GBP
|
5.0400
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
|
4
|
5.0405
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
388
|
5.0645
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
605
|
5.0964
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
756
|
5.0438
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,161
|
5.0662
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,295
|
5.0525
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,408
|
5.0955
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,422
|
5.0477
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,911
|
5.0464
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,191
|
5.0494
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,155
|
5.0820
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
7,497
|
5.0606
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
8,057
|
5.0460
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
12,703
|
5.0480
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
22,393
|
5.0630
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
35,068
|
5.0538
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
132
|
5.0620
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
150
|
5.0599
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
413
|
5.0960
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
581
|
5.0980
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
660
|
5.0719
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
774
|
5.0538
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,210
|
5.0805
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,361
|
5.0759
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,592
|
5.0633
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,700
|
5.0513
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,747
|
5.0781
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,758
|
5.0566
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,419
|
5.0681
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,694
|
5.0778
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,405
|
5.0695
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,847
|
5.0517
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,200
|
5.0574
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,620
|
5.0665
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,316
|
5.0879
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,250
|
5.0522
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
18,010
|
5.0796
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,280
|
5.0538
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
34,410
|
5.0478
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
64,987
|
5.0593
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
78
|
5.0784
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
88
|
5.0619
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
267
|
5.0614
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
401
|
5.0807
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
453
|
5.0806
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
605
|
5.0476
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
629
|
5.1126
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
692
|
5.0600
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
737
|
5.0632
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
779
|
5.0479
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,358
|
5.0574
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,614
|
5.0534
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,829
|
5.0645
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,220
|
5.0582
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,252
|
5.0604
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,277
|
5.0575
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,816
|
5.0955
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
5,105
|
5.0617
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
5,155
|
5.0820
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
5,764
|
5.0661
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
6,244
|
5.0624
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
10,447
|
5.0460
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
13,140
|
5.0660
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
17,806
|
5.0630
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7
|
5.0460
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8
|
5.0363
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
30
|
5.0380
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
100
|
5.0418
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
186
|
5.0565
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
448
|
5.0880
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
462
|
5.0553
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
619
|
5.0500
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,486
|
5.0530
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,135
|
5.0788
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,526
|
5.0798
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,039
|
5.0768
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,127
|
5.0595
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
19,989
|
5.0598
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
45,316
|
5.0625
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
110,168
|
5.0636
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
313,906
|
5.0480
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:
|
04 Jun 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|