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:
|
15 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:
|
14,122,675
|
1.45%
|
5,219,649
|
0.54%
|
(2)
Cash-settled derivatives:
|
4,241,918
|
0.44%
|
12,805,061
|
1.31%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
18,364,593
|
1.88%
|
18,024,710
|
1.85%
|
|
|
|
|
|
|
|
|
(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
|
522402
|
5.1120
GBP
|
4.9712
GBP
|
10p
ordinary
|
Sale
|
1054239
|
5.1120
GBP
|
4.9765
GBP
|
ADR
|
Purchase
|
10696
|
12.8436
USD
|
12.8436
USD
|
ADR
|
Sale
|
10696
|
12.8436
USD
|
12.8436
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
|
Closing
Short
|
6,679
|
5.0773
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
8,528
|
5.1120
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
20
|
5.1120
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
228
|
5.0900
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
284
|
5.0899
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
356
|
5.0422
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
550
|
5.0597
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
560
|
5.0747
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
688
|
5.1124
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
771
|
5.0578
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,147
|
5.0492
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,167
|
5.0987
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,300
|
5.0493
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,727
|
5.0905
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,854
|
5.0045
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,916
|
5.0476
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,920
|
5.0352
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,335
|
5.0628
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,769
|
5.0585
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,462
|
5.0655
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,880
|
5.0562
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,981
|
5.0836
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,682
|
5.0595
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
13,772
|
5.0658
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
16,827
|
5.0507
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
42,775
|
5.0481
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
203
|
4.9850
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
420
|
5.0815
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
546
|
5.0521
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
630
|
5.0251
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
700
|
5.0928
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
970
|
5.0610
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,694
|
5.0962
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,302
|
5.0245
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,667
|
5.0731
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,724
|
5.1036
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,870
|
5.1118
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,174
|
5.0460
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,874
|
5.0708
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,605
|
5.1027
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,163
|
5.0487
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,830
|
5.1011
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,144
|
5.0298
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13,751
|
5.0972
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,875
|
5.0381
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
22,871
|
5.0675
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
22,949
|
5.0676
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
30,206
|
5.0792
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
31,903
|
5.0758
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
41,982
|
5.0706
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
43,570
|
5.0948
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
47,620
|
5.1119
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
87,339
|
5.0729
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
114,950
|
5.1120
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
159,020
|
5.1117
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,743
|
5.1041
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,512
|
5.0281
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
3,032
|
5.0983
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
3,504
|
5.1115
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
11,384
|
5.0942
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
15,207
|
5.0140
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
25,056
|
5.1119
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
98
|
5.0228
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
227
|
5.0260
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,296
|
5.0112
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,410
|
5.0109
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,482
|
5.0286
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,600
|
5.0662
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,037
|
5.0359
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,325
|
5.0940
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,208
|
5.0535
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,736
|
5.0140
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,379
|
5.1069
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17,130
|
5.1083
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
18,777
|
5.1120
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
21,245
|
5.0958
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
56,201
|
5.0525
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
383
|
5.0040
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
474
|
5.0615
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
861
|
5.1122
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:
|
16 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|