RNS Number : 8326M
Barclays PLC
01 May 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:

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

 

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