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)
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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:
|
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
|