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")
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1.
|
KEY
INFORMATION
|
(a)
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Name of exempt principal trader:
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BARCLAYS CAPITAL SECURITIES LTD
|
(b)
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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:
|
19 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.
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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:
|
10,571,714
|
1.08%
|
5,908,734
|
0.61%
|
(2)
Cash-settled derivatives:
|
4,887,338
|
0.50%
|
9,163,688
|
0.94%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
15,459,052
|
1.59%
|
15,072,422
|
1.55%
|
|
|
|
|
|
|
|
|
(b)
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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.
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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
|
1091233
|
4.9930
GBP
|
4.9319
GBP
|
10p
ordinary
|
Sale
|
630831
|
5.0040
GBP
|
4.9269
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
|
27,683
|
4.9611
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
469
|
4.9270
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
566,200
|
4.9650
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
677
|
4.9466
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
216
|
4.9469
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
2,696
|
4.9565
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
13,108
|
4.9568
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
50,394
|
4.9635
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
30,707
|
4.9657
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
11,453
|
5.0135
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
2,155
|
4.9416
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
1,924
|
4.9432
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
5,969
|
4.9640
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
677
|
4.9644
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,566
|
4.9566
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1
|
4.9636
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
36,536
|
4.9613
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
9,992
|
4.9618
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,466
|
4.9668
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
20,365
|
4.9612
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1
|
4.9640
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
357
|
4.9695
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
86,523
|
4.9779
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
125,262
|
4.9814
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
401
|
4.9423
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,344
|
4.9443
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
18,962
|
4.9458
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
285
|
4.9470
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,390
|
4.9549
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,112
|
4.9640
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8
|
4.9619
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
979
|
4.9645
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
225
|
4.9669
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,495
|
4.9853
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
559
|
4.9437
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
912
|
4.9451
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,505
|
4.9456
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,014
|
4.9484
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
28,311
|
4.9491
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,236
|
4.9495
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,225
|
4.9538
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,638
|
4.9588
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
176,835
|
4.9640
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,154
|
4.9726
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,358
|
4.9823
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
641
|
4.9571
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
10,637
|
4.9546
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,426
|
4.9615
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
62,893
|
4.9640
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
272
|
4.9320
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,447
|
4.9640
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:
|
22 Jul 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|