RNS Number : 4228T
Barclays PLC
21 June 2024
 

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:

20 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:

12,147,426

1.25%

3,745,651

0.38%

(2) Cash-settled derivatives:

3,020,696

0.31%

10,765,128

1.10%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

15,168,122

1.56%

14,510,779

1.49%

 








(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

838242

4.7791  GBP

4.7291  GBP

10p ordinary

Sale

808684

4.7769  GBP

4.7287  GBP

ADR

Purchase

1940

12.0662  USD

12.0662  USD

ADR

Sale

1940

12.0662  USD

12.0662  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

479

4.7638  GBP

10p ordinary

SWAP

Closing Short

1,175

4.7690  GBP

10p ordinary

SWAP

Closing Short

21,585

4.7682  GBP

10p ordinary

SWAP

Closing Short

29,339

4.7680  GBP

10p ordinary

SWAP

Decreasing Long

49

4.7713  GBP

10p ordinary

SWAP

Decreasing Long

54

4.7739  GBP

10p ordinary

SWAP

Decreasing Long

176

4.7608  GBP

10p ordinary

SWAP

Decreasing Long

478

4.7687  GBP

10p ordinary

SWAP

Decreasing Long

480

4.7668  GBP

10p ordinary

SWAP

Decreasing Long

811

4.7716  GBP

10p ordinary

SWAP

Decreasing Long

839

4.7513  GBP

10p ordinary

SWAP

Decreasing Long

1,171

4.7596  GBP

10p ordinary

SWAP

Decreasing Long

1,173

4.7725  GBP

10p ordinary

SWAP

Decreasing Long

1,393

4.7607  GBP

10p ordinary

SWAP

Decreasing Long

1,464

4.7659  GBP

10p ordinary

SWAP

Decreasing Long

1,653

4.7658  GBP

10p ordinary

SWAP

Decreasing Long

4,904

4.7594  GBP

10p ordinary

SWAP

Decreasing Long

6,609

4.7694  GBP

10p ordinary

SWAP

Decreasing Long

8,253

4.7626  GBP

10p ordinary

SWAP

Decreasing Long

18,573

4.7568  GBP

10p ordinary

SWAP

Decreasing Long

19,172

4.7637  GBP

10p ordinary

SWAP

Decreasing Long

61,134

4.7619  GBP

10p ordinary

SWAP

Decreasing Long

90,725

4.7680  GBP

10p ordinary

SWAP

Decreasing Short

92

4.7349  GBP

10p ordinary

SWAP

Decreasing Short

160

4.7000  GBP

10p ordinary

SWAP

Decreasing Short

330

4.7598  GBP

10p ordinary

SWAP

Decreasing Short

343

4.7473  GBP

10p ordinary

SWAP

Decreasing Short

1,086

4.7563  GBP

10p ordinary

SWAP

Decreasing Short

1,375

4.7608  GBP

10p ordinary

SWAP

Decreasing Short

2,782

4.7578  GBP

10p ordinary

SWAP

Decreasing Short

3,028

4.7660  GBP

10p ordinary

SWAP

Decreasing Short

3,431

4.7509  GBP

10p ordinary

SWAP

Decreasing Short

3,803

4.7518  GBP

10p ordinary

SWAP

Decreasing Short

4,949

4.7543  GBP

10p ordinary

CFD

Decreasing Short

9,273

4.7734  GBP

10p ordinary

SWAP

Decreasing Short

9,745

4.7649  GBP

10p ordinary

CFD

Decreasing Short

9,926

4.7287  GBP

10p ordinary

CFD

Decreasing Short

12,039

4.7679  GBP

10p ordinary

SWAP

Decreasing Short

12,408

4.7635  GBP

10p ordinary

SWAP

Decreasing Short

15,222

4.7531  GBP

10p ordinary

SWAP

Decreasing Short

15,384

4.7629  GBP

10p ordinary

SWAP

Decreasing Short

17,477

4.7606  GBP

10p ordinary

SWAP

Decreasing Short

18,797

4.7617  GBP

10p ordinary

SWAP

Decreasing Short

28,235

4.7680  GBP

10p ordinary

SWAP

Decreasing Short

31,503

4.7601  GBP

10p ordinary

SWAP

Decreasing Short

41,049

4.7679  GBP

10p ordinary

SWAP

Decreasing Short

120,960

4.7515  GBP

10p ordinary

SWAP

Decreasing Short

282,240

4.7515  GBP

10p ordinary

SWAP

Increasing Short

30

4.7770  GBP

10p ordinary

CFD

Increasing Short

115

4.7763  GBP

10p ordinary

SWAP

Increasing Short

585

4.7355  GBP

10p ordinary

CFD

Increasing Short

1,825

4.7769  GBP

10p ordinary

SWAP

Increasing Short

2,282

4.7500  GBP

10p ordinary

SWAP

Increasing Short

3,066

4.7554  GBP

10p ordinary

SWAP

Increasing Short

17,835

4.7607  GBP

10p ordinary

CFD

Increasing Short

21,965

4.7791  GBP

10p ordinary

SWAP

Increasing Short

23,267

4.7614  GBP

10p ordinary

SWAP

Increasing Short

33,350

4.7662  GBP

10p ordinary

SWAP

Increasing Short

47,570

4.7680  GBP

10p ordinary

SWAP

Increasing Short

48,381

4.7619  GBP

10p ordinary

SWAP

Increasing Short

52,116

4.7680  GBP

10p ordinary

SWAP

Increasing Short

254,278

4.7630  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:

21 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 
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