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:
|
05 Jul 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:
|
11,158,493
|
1.14%
|
6,617,651
|
0.68%
|
(2)
Cash-settled derivatives:
|
5,665,983
|
0.58%
|
9,875,821
|
1.01%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
16,824,476
|
1.73%
|
16,493,472
|
1.69%
|
|
|
|
|
|
|
|
|
(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
|
1668931
|
5.1040
GBP
|
4.9880
GBP
|
10p
ordinary
|
Sale
|
1884519
|
5.1069
GBP
|
4.9977
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
|
Increasing
Long
|
347
|
5.0202
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
6
|
5.0374
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,455
|
5.0403
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,261
|
5.0405
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
14,494
|
5.0441
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
535
|
5.0468
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
3,080
|
5.0635
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,171
|
5.0691
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,711
|
5.0861
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,817
|
5.0876
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
5,404
|
5.0376
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
77,973
|
5.0481
GBP
|
10p
ordinary
|
CFD
|
Opening
Long
|
17,001
|
5.0871
GBP
|
10p
ordinary
|
CFD
|
Opening
Short
|
39,126
|
5.0400
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
78,038
|
5.0404
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
38,847
|
5.0582
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,832
|
5.0611
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5
|
5.0940
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
155,176
|
5.0727
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,498
|
5.1034
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
279
|
5.0637
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
756
|
5.0677
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
82
|
5.0685
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
588
|
5.0700
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
770
|
5.0736
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,989
|
5.0737
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1
|
5.0771
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
728
|
5.0777
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
704
|
5.0797
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
352
|
5.0826
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
330
|
5.0856
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
456
|
5.0869
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
17,304
|
5.0870
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,453
|
5.0901
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,259
|
5.0431
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
12,620
|
5.0441
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
21
|
4.9550
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
96
|
5.0240
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
762
|
5.0292
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,442
|
5.0419
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
104,249
|
5.0664
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,522
|
5.0704
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,111
|
5.0889
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
121,439
|
5.0400
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,442
|
5.0401
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
51,711
|
5.0441
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,986
|
5.0637
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
39,729
|
5.0719
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
467
|
5.0843
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
134,595
|
5.0399
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,096
|
5.0726
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,357
|
5.0729
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,222
|
5.0749
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,410
|
5.0794
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
39,296
|
5.0795
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
103
|
5.0799
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,256
|
5.0822
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,614
|
5.0846
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
663
|
5.0873
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,374
|
5.0534
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,533
|
5.0605
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,886
|
5.0761
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,479
|
5.0823
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,643
|
5.0856
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,302
|
5.0859
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,800
|
5.0868
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,600
|
5.0902
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,968
|
5.0968
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
227
|
5.0201
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
4
|
5.0374
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
951
|
5.0403
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,478
|
5.0405
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
9,475
|
5.0441
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
350
|
5.0468
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,012
|
5.0635
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
766
|
5.0691
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,772
|
5.0861
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,188
|
5.0876
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
77,764
|
5.0786
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
59,475
|
5.0400
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:
|
08 Jul 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|