FORM 8.5
(EPT/NON-RI)
|
PUBLIC OPENING POSITION
DISCLOSURE/DEALING DISCLOSURE BY AN
|
EXEMPT PRINCIPAL TRADER
WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
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(OR WHERE RI STATUS IS NOT
APPLICABLE)
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Rule 8.5 of the Takeover Code
(the "Code")
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1.
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KEY
INFORMATION
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(a)
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Name of exempt principal trader:
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BARCLAYS CAPITAL SECURITIES LTD
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(b)
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Name of offeror/offeree in relation to whose
relevant securities this form relates:
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BARRATT DEVELOPMENTS PLC
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(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:
|
04 Jun 2024
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(e)
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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?
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YES:
REDROW PLC
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2.
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POSITIONS OF THE EXEMPT PRINCIPAL TRADER
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(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:
|
13,279,357
|
1.36%
|
4,925,443
|
0.51%
|
(2)
Cash-settled derivatives:
|
3,892,223
|
0.40%
|
11,853,480
|
1.22%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
17,171,580
|
1.76%
|
16,778,923
|
1.72%
|
|
|
|
|
|
|
|
|
(b)
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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.
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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
|
671512
|
5.0784
GBP
|
5.0242
GBP
|
10p
ordinary
|
Sale
|
677278
|
5.0809
GBP
|
5.0080
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
|
337
|
5.0259
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
464
|
5.0242
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
605
|
5.0262
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
779
|
5.0679
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,417
|
5.0612
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,857
|
5.0666
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,093
|
5.0699
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,102
|
5.0607
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
2,307
|
5.0680
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
2,861
|
5.0324
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,779
|
5.0529
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
11,772
|
5.0680
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
25,111
|
5.0665
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,011
|
5.0596
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,220
|
5.0327
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,712
|
5.0326
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,204
|
5.0320
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,512
|
5.0563
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
24,840
|
5.0639
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
29,889
|
5.0651
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
129,600
|
5.0399
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
302,400
|
5.0399
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
146
|
5.0315
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,861
|
5.0675
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
4,503
|
5.0419
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
28
|
5.0378
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
629
|
5.0480
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
666
|
5.0380
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,450
|
5.0501
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,548
|
5.0523
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,638
|
5.0615
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,020
|
5.0439
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,027
|
5.0449
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,365
|
5.0387
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,399
|
5.0354
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,092
|
5.0528
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,720
|
5.0622
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,004
|
5.0521
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,796
|
5.0432
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17,874
|
5.0573
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
18,660
|
5.0557
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
30,138
|
5.0596
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
55,706
|
5.0541
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
66,144
|
5.0680
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
94,966
|
5.0680
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
146,832
|
5.0565
GBP
|
|
|
|
|
|
|
|
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(c)
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Stock-settled derivative transactions (including
options)
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(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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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(ii)
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Exercising
|
|
|
|
|
|
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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:
|
05 Jun 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|