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:
|
30 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:
|
13,882,205
|
1.42%
|
6,147,657
|
0.63%
|
(2)
Cash-settled derivatives:
|
5,248,963
|
0.54%
|
12,480,944
|
1.28%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
19,131,168
|
1.96%
|
18,628,601
|
1.91%
|
|
|
|
|
|
|
|
|
(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
|
862713
|
4.5985
GBP
|
4.5430
GBP
|
10p
ordinary
|
Sale
|
993690
|
4.5969
GBP
|
4.5443
GBP
|
ADR
|
Purchase
|
660
|
11.4400
USD
|
11.4400
USD
|
ADR
|
Sale
|
660
|
11.4400
USD
|
11.4400
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
|
Decreasing
Long
|
4
|
4.5584
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
6
|
4.5655
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
10
|
4.5653
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
27
|
4.5675
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
48
|
4.5446
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
103
|
4.5608
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
124
|
4.5820
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
165
|
4.5889
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
168
|
4.5500
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
258
|
4.5674
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
438
|
4.5452
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
547
|
4.5877
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
634
|
4.5437
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
902
|
4.5662
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
976
|
4.5587
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,053
|
4.5764
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,114
|
4.5805
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,846
|
4.5445
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
2,087
|
4.5546
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,688
|
4.5841
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,426
|
4.5580
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,757
|
4.5796
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
7,420
|
4.5706
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
8,430
|
4.5836
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
11,401
|
4.5470
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
16,026
|
4.5469
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
25,804
|
4.5690
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
32,142
|
4.5879
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
253
|
4.5688
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
427
|
4.5705
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
547
|
4.5689
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
913
|
4.5706
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,080
|
4.5891
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,491
|
4.5643
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,672
|
4.5622
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,689
|
4.5697
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,511
|
4.5759
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,342
|
4.5565
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,363
|
4.5604
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,456
|
4.5709
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,009
|
4.5655
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,584
|
4.5623
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,121
|
4.5443
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,227
|
4.5674
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,783
|
4.5593
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,037
|
4.5649
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
16,119
|
4.5728
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
18,702
|
4.5661
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
18,721
|
4.5667
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
29,267
|
4.5607
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
30,040
|
4.5503
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
30,196
|
4.5473
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
38,798
|
4.5470
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
48,493
|
4.5645
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
115
|
4.5615
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
562
|
4.5470
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
839
|
4.5929
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,427
|
4.5866
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
9,597
|
4.5857
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
9,950
|
4.5645
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
13,447
|
4.5832
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
20,838
|
4.5752
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
33,320
|
4.5469
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
34
|
4.5408
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
84
|
4.5426
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
165
|
4.5740
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
246
|
4.5417
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
907
|
4.5973
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,809
|
4.5773
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,959
|
4.5554
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,585
|
4.5739
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,898
|
4.5454
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,065
|
4.5689
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
13,152
|
4.5459
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
23,362
|
4.5916
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
28,255
|
4.5520
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
41,004
|
4.5470
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
1,759
|
4.5652
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:
|
01 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|