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)
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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:
|
22 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:
|
13,185,559
|
1.35%
|
5,891,776
|
0.60%
|
(2)
Cash-settled derivatives:
|
4,782,920
|
0.49%
|
11,821,589
|
1.21%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
17,968,479
|
1.84%
|
17,713,365
|
1.82%
|
|
|
|
|
|
|
|
|
(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
|
1708357
|
5.0560
GBP
|
4.9640
GBP
|
10p
ordinary
|
Sale
|
1629560
|
5.0560
GBP
|
4.9640
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
|
Closing
Short
|
1,405
|
5.0282
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
1,813
|
4.9960
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
2,429
|
5.0013
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
6,174
|
5.0404
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
6,718
|
5.0262
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
10,722
|
4.9960
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
27,050
|
4.9963
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17
|
5.0400
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
475
|
5.0327
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
958
|
4.9720
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,003
|
5.0477
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,292
|
5.0381
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,777
|
5.0113
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,224
|
5.0363
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,487
|
5.0190
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,240
|
5.0066
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,301
|
5.0018
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,342
|
5.0387
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,400
|
5.0098
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,307
|
5.0046
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,346
|
5.0036
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,378
|
5.0040
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,563
|
5.0203
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,610
|
4.9987
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,017
|
5.0114
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,866
|
5.0071
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13,203
|
5.0148
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
16,758
|
5.0096
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
23,212
|
5.0000
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
23,728
|
5.0099
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
35,781
|
4.9979
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
62,782
|
4.9959
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
68
|
5.0019
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
113
|
5.0060
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
195
|
5.0118
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
238
|
5.0061
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
249
|
5.0222
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
325
|
5.0434
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
584
|
5.0096
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
790
|
5.0374
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
943
|
4.9960
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,838
|
5.0173
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
4,133
|
5.0140
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
5,775
|
5.0316
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
6,174
|
4.9955
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
6,974
|
5.0181
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
8,207
|
5.0091
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
9,302
|
5.0138
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
9,318
|
5.0237
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
9,650
|
5.0134
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
15,599
|
5.0104
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
18,395
|
4.9879
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
31,170
|
5.0022
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
249,612
|
5.0145
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
955
|
5.0256
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,146
|
5.0355
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,968
|
4.9949
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,033
|
4.9932
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,717
|
4.9908
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
20,267
|
0.0000
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
26,056
|
4.9681
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
32,969
|
5.0166
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
44,065
|
4.9975
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
63,086
|
5.0013
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
78,700
|
5.0506
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
78,700
|
4.9972
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
368,921
|
4.9960
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:
|
23 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|