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:
|
15 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:
|
10,626,473
|
1.09%
|
6,162,284
|
0.63%
|
(2)
Cash-settled derivatives:
|
5,187,724
|
0.53%
|
9,269,506
|
0.95%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
15,814,197
|
1.62%
|
15,431,790
|
1.58%
|
|
|
|
|
|
|
|
|
(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
|
610962
|
5.0018
GBP
|
4.9240
GBP
|
10p
ordinary
|
Sale
|
457382
|
5.0024
GBP
|
4.9180
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
|
Opening
Long
|
22,145
|
4.9584
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,820
|
4.9297
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,523
|
4.9360
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
20,966
|
4.9432
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
35,402
|
4.9596
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
447
|
4.9599
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,369
|
4.9657
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
36,458
|
4.9680
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
471
|
4.9695
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
15,960
|
4.9574
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
25,903
|
4.9676
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
7,455
|
4.9661
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
8,306
|
4.9680
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
7,654
|
4.9782
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
500
|
4.9759
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,917
|
4.9554
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
1
|
4.9100
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
1
|
4.9680
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
1
|
4.9700
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,600
|
4.9242
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
51,344
|
4.9646
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
32,742
|
4.9680
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
10,988
|
4.9711
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
337
|
4.9306
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
241
|
4.9308
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
4,076
|
4.9419
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
722
|
4.9765
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
909
|
4.9406
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
9,691
|
4.9667
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
415
|
4.9430
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
89,251
|
4.9483
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,752
|
4.9504
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
568
|
4.9694
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,014
|
4.9773
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,308
|
4.9373
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,839
|
4.9405
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
29,703
|
4.9411
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
22,650
|
4.9679
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
23,924
|
4.9680
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,140
|
4.9768
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
32,942
|
4.9780
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,610
|
4.9679
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
55
|
4.9689
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
29
|
4.9696
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,147
|
4.9777
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
186
|
4.9300
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,318
|
4.9423
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,330
|
4.9443
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,175
|
4.9466
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
38,695
|
4.9490
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,429
|
4.9523
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,897
|
4.9525
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,474
|
4.9533
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,166
|
4.9549
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,835
|
4.9552
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
19,531
|
4.9680
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
156
|
4.9340
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
312
|
4.9340
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
28,488
|
4.9664
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
565
|
4.9400
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
16,961
|
4.9680
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,098
|
4.9709
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:
|
16 Jul 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|