RNS Number : 2927B
Barclays PLC
21 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:

20 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:

9,727,308

1.00%

3,796,770

0.39%

(2) Cash-settled derivatives:

2,862,271

0.29%

8,465,738

0.87%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

12,589,579

1.29%

12,262,508

1.26%

 








(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

2770330

5.5790  GBP

5.4897  GBP

10p ordinary

Sale

2529289

5.6120  GBP

5.4897  GBP

ADR

Purchase

6694

14.2700  USD

14.2700  USD

ADR

Sale

6694

14.2700  USD

14.2700  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

Opening Short

8,950

5.4900  GBP

10p ordinary

CFD

Increasing Long

1,472

5.4979  GBP

10p ordinary

CFD

Increasing Long

5,268

5.5000  GBP

10p ordinary

CFD

Increasing Long

4,079

5.5203  GBP

10p ordinary

CFD

Increasing Long

12,008

5.5407  GBP

10p ordinary

CFD

Increasing Long

15,505

5.5633  GBP

10p ordinary

CFD

Increasing Long

1,177

5.5738  GBP

10p ordinary

CFD

Increasing Long

1,995

5.6110  GBP

10p ordinary

CFD

Decreasing Long

9,139

5.4900  GBP

10p ordinary

CFD

Decreasing Long

31,753

5.4904  GBP

10p ordinary

CFD

Decreasing Long

6,366

5.5609  GBP

10p ordinary

SWAP

Decreasing Short

13,368

5.5336  GBP

10p ordinary

SWAP

Increasing Short

100

5.6039  GBP

10p ordinary

SWAP

Closing Short

32

5.4900  GBP

10p ordinary

SWAP

Closing Short

16,200

5.5099  GBP

10p ordinary

SWAP

Decreasing Short

866

5.5365  GBP

10p ordinary

SWAP

Decreasing Short

250,000

5.5820  GBP

10p ordinary

SWAP

Decreasing Short

139,614

5.4897  GBP

10p ordinary

SWAP

Decreasing Short

81,362

5.5341  GBP

10p ordinary

SWAP

Increasing Short

818

5.4900  GBP

10p ordinary

SWAP

Increasing Short

79

5.5553  GBP

10p ordinary

SWAP

Decreasing Short

96,583

5.4975  GBP

10p ordinary

SWAP

Decreasing Short

1,457

5.5140  GBP

10p ordinary

SWAP

Decreasing Short

206,573

5.5210  GBP

10p ordinary

SWAP

Decreasing Short

500

5.5220  GBP

10p ordinary

SWAP

Decreasing Short

34,361

5.5560  GBP

10p ordinary

SWAP

Decreasing Short

1,321

5.5572  GBP

10p ordinary

SWAP

Opening Long

112,315

5.5607  GBP

10p ordinary

SWAP

Increasing Long

356

5.6120  GBP

10p ordinary

SWAP

Opening Short

128,133

5.4901  GBP

10p ordinary

SWAP

Increasing Short

46,477

5.4940  GBP

10p ordinary

SWAP

Increasing Short

127,083

5.5097  GBP

10p ordinary

SWAP

Increasing Short

1,700

5.5116  GBP

10p ordinary

SWAP

Increasing Short

519

5.5140  GBP

10p ordinary

SWAP

Increasing Short

64,175

5.5151  GBP

10p ordinary

SWAP

Increasing Short

209,299

5.5166  GBP

10p ordinary

SWAP

Increasing Short

905

5.5398  GBP

10p ordinary

SWAP

Increasing Short

219,543

5.5400  GBP

10p ordinary

SWAP

Increasing Short

1,877

5.5790  GBP

10p ordinary

SWAP

Decreasing Short

63,366

5.4899  GBP

10p ordinary

SWAP

Decreasing Short

84

5.5637  GBP

10p ordinary

SWAP

Decreasing Short

3,106

5.5709  GBP

10p ordinary

SWAP

Decreasing Short

2,400

5.5749  GBP

10p ordinary

SWAP

Decreasing Short

22,554

5.5868  GBP

10p ordinary

SWAP

Decreasing Short

9,815

5.5869  GBP

10p ordinary

SWAP

Decreasing Short

1,042

5.5954  GBP

10p ordinary

SWAP

Decreasing Short

8,946

5.5999  GBP

10p ordinary

SWAP

Decreasing Short

145

5.6018  GBP

10p ordinary

SWAP

Decreasing Short

715

5.6021  GBP

10p ordinary

SWAP

Decreasing Short

257

5.6031  GBP

10p ordinary

SWAP

Increasing Short

2,624

5.5095  GBP

10p ordinary

SWAP

Increasing Short

12,800

5.5134  GBP

10p ordinary

SWAP

Increasing Short

30,483

5.5166  GBP

10p ordinary

SWAP

Increasing Short

75,992

5.5172  GBP

10p ordinary

SWAP

Increasing Short

18,572

5.5187  GBP

10p ordinary

SWAP

Increasing Short

81,291

5.5190  GBP

10p ordinary

SWAP

Increasing Short

1,987

5.5204  GBP

10p ordinary

SWAP

Increasing Short

24,953

5.5239  GBP

10p ordinary

SWAP

Increasing Short

11,537

5.5247  GBP

10p ordinary

SWAP

Increasing Short

63

5.5680  GBP

10p ordinary

SWAP

Opening Short

15,480

5.4908  GBP

10p ordinary

SWAP

Increasing Short

39,265

5.4925  GBP

10p ordinary

SWAP

Decreasing Long

34,861

5.5130  GBP

10p ordinary

SWAP

Decreasing Short

1,583

5.5377  GBP

10p ordinary

SWAP

Increasing Long

96,864

5.5182  GBP

10p ordinary

SWAP

Increasing Long

35,568

5.5239  GBP

10p ordinary

SWAP

Increasing Long

1,627

5.5118  GBP

10p ordinary

SWAP

Increasing Long

428,781

5.5178  GBP

10p ordinary

SWAP

Increasing Long

928

5.5190  GBP

10p ordinary

SWAP

Increasing Long

22,939

5.5559  GBP

10p ordinary

SWAP

Increasing Long

45,196

5.5564  GBP

10p ordinary

SWAP

Decreasing Long

153,295

5.4900  GBP

10p ordinary

SWAP

Decreasing Long

247,657

5.5094  GBP

10p ordinary

SWAP

Decreasing Long

99,288

5.5159  GBP

10p ordinary

SWAP

Decreasing Long

45,654

5.5164  GBP

10p ordinary

SWAP

Decreasing Long

9,483

5.5173  GBP

10p ordinary

SWAP

Opening Short

217,753

5.5400  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 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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