RNS Number : 0452M
Barclays PLC
25 April 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:

24 Apr 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:

13,690,526

1.40%

6,702,734

0.69%

(2) Cash-settled derivatives:

5,750,609

0.59%

12,247,015

1.26%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

19,441,135

1.99%

18,949,749

1.94%

 








(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

1441476

4.5830  GBP

4.4870  GBP

10p ordinary

Sale

746405

4.5830  GBP

4.4870  GBP

ADR

Purchase

746

11.2700  USD

11.2100  USD

ADR

Sale

746

11.2700  USD

11.2100  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

Closing Short

561

4.5307  GBP

10p ordinary

SWAP

Closing Short

10,000

4.5457  GBP

10p ordinary

SWAP

Closing Short

12,646

4.4922  GBP

10p ordinary

SWAP

Closing Short

20,442

4.4920  GBP

10p ordinary

SWAP

Decreasing Long

2

4.4874  GBP

10p ordinary

SWAP

Decreasing Long

9

4.5340  GBP

10p ordinary

SWAP

Decreasing Long

11

4.5394  GBP

10p ordinary

SWAP

Decreasing Long

11

4.5274  GBP

10p ordinary

CFD

Decreasing Long

34

4.5829  GBP

10p ordinary

SWAP

Decreasing Long

50

4.5363  GBP

10p ordinary

SWAP

Decreasing Long

53

4.5545  GBP

10p ordinary

SWAP

Decreasing Long

72

4.5436  GBP

10p ordinary

SWAP

Decreasing Long

90

4.5022  GBP

10p ordinary

SWAP

Decreasing Long

150

4.5193  GBP

10p ordinary

SWAP

Decreasing Long

206

4.5487  GBP

10p ordinary

SWAP

Decreasing Long

340

4.5430  GBP

10p ordinary

SWAP

Decreasing Long

380

4.5419  GBP

10p ordinary

SWAP

Decreasing Long

561

4.5078  GBP

10p ordinary

SWAP

Decreasing Long

573

4.5426  GBP

10p ordinary

CFD

Decreasing Long

800

4.5471  GBP

10p ordinary

SWAP

Decreasing Long

933

4.5435  GBP

10p ordinary

SWAP

Decreasing Long

997

4.5422  GBP

10p ordinary

SWAP

Decreasing Long

1,324

4.5476  GBP

10p ordinary

CFD

Decreasing Long

1,388

4.5525  GBP

10p ordinary

SWAP

Decreasing Long

7,902

4.5054  GBP

10p ordinary

CFD

Decreasing Long

12,569

4.4923  GBP

10p ordinary

CFD

Decreasing Long

20,477

4.4920  GBP

10p ordinary

CFD

Decreasing Long

29,904

4.5698  GBP

10p ordinary

SWAP

Decreasing Long

46,577

4.5144  GBP

10p ordinary

SWAP

Decreasing Long

90,378

4.4920  GBP

10p ordinary

SWAP

Decreasing Short

207

4.5490  GBP

10p ordinary

SWAP

Decreasing Short

282

4.5360  GBP

10p ordinary

SWAP

Decreasing Short

485

4.5338  GBP

10p ordinary

SWAP

Decreasing Short

507

4.4884  GBP

10p ordinary

SWAP

Decreasing Short

751

4.5425  GBP

10p ordinary

SWAP

Decreasing Short

1,029

4.5486  GBP

10p ordinary

SWAP

Decreasing Short

1,541

4.5459  GBP

10p ordinary

SWAP

Decreasing Short

4,733

4.5521  GBP

10p ordinary

SWAP

Decreasing Short

5,576

4.5460  GBP

10p ordinary

SWAP

Decreasing Short

7,353

4.5328  GBP

10p ordinary

SWAP

Decreasing Short

12,933

4.4915  GBP

10p ordinary

SWAP

Decreasing Short

18,059

4.4901  GBP

10p ordinary

SWAP

Decreasing Short

31,152

4.4959  GBP

10p ordinary

SWAP

Decreasing Short

36,930

4.5470  GBP

10p ordinary

CFD

Increasing Long

399

4.5542  GBP

10p ordinary

CFD

Increasing Long

754

4.4916  GBP

10p ordinary

CFD

Increasing Long

1,781

4.4920  GBP

10p ordinary

CFD

Increasing Long

38,851

4.5463  GBP

10p ordinary

SWAP

Increasing Short

550

4.5390  GBP

10p ordinary

CFD

Increasing Short

630

4.5156  GBP

10p ordinary

SWAP

Increasing Short

751

4.5360  GBP

10p ordinary

SWAP

Increasing Short

1,335

4.5293  GBP

10p ordinary

SWAP

Increasing Short

1,904

4.5329  GBP

10p ordinary

SWAP

Increasing Short

2,079

4.5013  GBP

10p ordinary

SWAP

Increasing Short

2,259

4.5367  GBP

10p ordinary

SWAP

Increasing Short

2,702

4.5163  GBP

10p ordinary

SWAP

Increasing Short

3,712

4.5283  GBP

10p ordinary

SWAP

Increasing Short

4,691

4.5229  GBP

10p ordinary

SWAP

Increasing Short

11,319

4.5210  GBP

10p ordinary

SWAP

Increasing Short

13,402

4.5024  GBP

10p ordinary

SWAP

Increasing Short

15,138

4.5151  GBP

10p ordinary

SWAP

Increasing Short

16,607

4.5419  GBP

10p ordinary

SWAP

Increasing Short

21,295

4.5295  GBP

10p ordinary

SWAP

Increasing Short

23,523

4.5082  GBP

10p ordinary

SWAP

Increasing Short

31,003

4.5208  GBP

10p ordinary

SWAP

Increasing Short

39,249

4.5413  GBP

10p ordinary

SWAP

Increasing Short

40,877

4.4987  GBP

10p ordinary

SWAP

Increasing Short

49,119

4.5131  GBP

10p ordinary

SWAP

Increasing Short

55,328

4.4926  GBP

10p ordinary

SWAP

Increasing Short

71,430

4.5048  GBP

10p ordinary

SWAP

Increasing Short

226,131

4.4920  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:

25 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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