RNS Number : 6245B
Barclays PLC
23 August 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:

22 Aug 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:

21,204,727

2.18%

5,168,467

0.53%

(2) Cash-settled derivatives:

4,253,222

0.44%

19,449,748

2.00%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

25,457,949

2.61%

24,618,215

2.53%

 








(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

2573681

5.5020  GBP

5.4494  GBP

10p ordinary

Sale

6041674

5.5028  GBP

5.4520  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

Decreasing Short

15,045

5.4788  GBP

10p ordinary

CFD

Increasing Long

1,317

5.4455  GBP

10p ordinary

CFD

Increasing Long

9,821

5.4590  GBP

10p ordinary

CFD

Increasing Long

84,320

5.4743  GBP

10p ordinary

CFD

Increasing Long

22,554

5.4789  GBP

10p ordinary

CFD

Increasing Long

181,305

5.5015  GBP

10p ordinary

CFD

Decreasing Long

14,496

5.4624  GBP

10p ordinary

CFD

Decreasing Long

18,709

5.4683  GBP

10p ordinary

CFD

Decreasing Long

6,549

5.4899  GBP

10p ordinary

CFD

Decreasing Long

1,317

5.5024  GBP

10p ordinary

SWAP

Opening Short

5,336

5.4876  GBP

10p ordinary

SWAP

Increasing Long

13,100

5.4588  GBP

10p ordinary

SWAP

Opening Long

25,519

5.4757  GBP

10p ordinary

SWAP

Decreasing Long

6,475

5.4661  GBP

10p ordinary

SWAP

Decreasing Long

14,952

5.5020  GBP

10p ordinary

SWAP

Closing Short

2,259,826

5.5020  GBP

10p ordinary

SWAP

Decreasing Short

16,715

5.4681  GBP

10p ordinary

SWAP

Decreasing Short

38,708

5.5020  GBP

10p ordinary

SWAP

Increasing Short

127

5.4972  GBP

10p ordinary

SWAP

Increasing Short

11

5.4984  GBP

10p ordinary

SWAP

Increasing Short

3,159

5.4494  GBP

10p ordinary

SWAP

Increasing Short

12,780

5.4524  GBP

10p ordinary

SWAP

Decreasing Short

55,262

5.4741  GBP

10p ordinary

SWAP

Decreasing Short

1,360

5.4773  GBP

10p ordinary

SWAP

Decreasing Short

423

5.4800  GBP

10p ordinary

SWAP

Decreasing Short

113,105

5.4821  GBP

10p ordinary

SWAP

Decreasing Short

770

5.4834  GBP

10p ordinary

SWAP

Decreasing Short

49,989

5.4954  GBP

10p ordinary

SWAP

Decreasing Short

266,583

5.5012  GBP

10p ordinary

SWAP

Decreasing Short

113,051

5.5020  GBP

10p ordinary

SWAP

Increasing Short

2,528

5.4460  GBP

10p ordinary

SWAP

Increasing Short

216

5.4540  GBP

10p ordinary

SWAP

Increasing Short

13,262

5.4590  GBP

10p ordinary

SWAP

Increasing Short

859

5.4600  GBP

10p ordinary

SWAP

Increasing Short

442

5.4660  GBP

10p ordinary

SWAP

Increasing Short

7,747

5.4701  GBP

10p ordinary

SWAP

Increasing Short

449

5.4720  GBP

10p ordinary

SWAP

Increasing Short

20

5.5020  GBP

10p ordinary

SWAP

Decreasing Short

49

5.4608  GBP

10p ordinary

SWAP

Decreasing Short

211

5.4779  GBP

10p ordinary

SWAP

Decreasing Short

2,922

5.4839  GBP

10p ordinary

SWAP

Decreasing Short

591

5.4846  GBP

10p ordinary

SWAP

Decreasing Short

338

5.4857  GBP

10p ordinary

SWAP

Decreasing Short

486

5.4865  GBP

10p ordinary

SWAP

Decreasing Short

6,488

5.4871  GBP

10p ordinary

SWAP

Decreasing Short

1,602

5.4881  GBP

10p ordinary

SWAP

Decreasing Short

16,633

5.4883  GBP

10p ordinary

SWAP

Decreasing Short

151

5.4899  GBP

10p ordinary

SWAP

Decreasing Short

414,986

5.5019  GBP

10p ordinary

SWAP

Increasing Short

1,899

5.4596  GBP

10p ordinary

SWAP

Increasing Short

708

5.4604  GBP

10p ordinary

SWAP

Increasing Short

158

5.4700  GBP

10p ordinary

SWAP

Increasing Short

1,635

5.4759  GBP

10p ordinary

SWAP

Increasing Short

89

5.4840  GBP

10p ordinary

SWAP

Closing Long

66,607

5.4590  GBP

10p ordinary

SWAP

Decreasing Short

560

5.4689  GBP

10p ordinary

SWAP

Increasing Short

280

5.4689  GBP

10p ordinary

SWAP

Increasing Long

21,979

5.4857  GBP

10p ordinary

SWAP

Increasing Long

26,457

5.5014  GBP

10p ordinary

SWAP

Decreasing Short

1,106

5.4794  GBP

10p ordinary

SWAP

Decreasing Short

1,417

5.4849  GBP

10p ordinary

SWAP

Decreasing Short

235,119

5.4916  GBP

10p ordinary

SWAP

Decreasing Short

608

5.4960  GBP

10p ordinary

SWAP

Increasing Short

13,273

5.4674  GBP

10p ordinary

SWAP

Increasing Short

12,686

5.4768  GBP

10p ordinary

SWAP

Increasing Short

8,817

5.5020  GBP

10p ordinary

SWAP

Increasing Long

27,218

5.4300  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 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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