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.
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KEY
INFORMATION
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(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:
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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:
|
05 Jun 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?
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YES:
REDROW PLC
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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:
|
13,635,245
|
1.40%
|
4,914,726
|
0.50%
|
(2)
Cash-settled derivatives:
|
3,884,388
|
0.40%
|
12,240,008
|
1.26%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
17,519,633
|
1.80%
|
17,154,734
|
1.76%
|
|
|
|
|
|
|
|
|
(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
|
818230
|
5.1420
GBP
|
5.0280
GBP
|
10p
ordinary
|
Sale
|
451307
|
5.1161
GBP
|
5.0280
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
|
Decreasing
Long
|
25
|
5.0808
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
29
|
5.0486
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
44
|
5.1003
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
700
|
5.1305
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,212
|
5.0969
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,531
|
5.1118
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,703
|
5.0887
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,033
|
5.0800
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
25,730
|
5.0985
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17
|
5.0659
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
63
|
5.0639
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
118
|
5.0698
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
145
|
5.0980
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
200
|
5.0738
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
289
|
5.0940
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
311
|
5.0300
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,016
|
5.0690
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,731
|
5.0699
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,808
|
5.0800
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,267
|
5.0846
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,797
|
5.1161
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,802
|
5.0799
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
76,102
|
5.0783
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,044
|
5.0733
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
3,398
|
5.0773
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
3,562
|
5.0800
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
22,168
|
5.0724
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
66
|
5.0981
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
123
|
5.1066
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
171
|
5.1106
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
238
|
5.1071
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
318
|
5.0928
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
485
|
5.1167
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
649
|
5.0661
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
992
|
5.1164
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,286
|
5.0886
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,437
|
5.0912
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,220
|
5.1288
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,759
|
5.0726
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,656
|
5.0783
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,400
|
5.0732
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,561
|
5.0655
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,927
|
5.0788
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
47,531
|
5.0777
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
129,923
|
5.0797
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
246,445
|
5.0800
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
7
|
5.1185
GBP
|
|
|
|
|
|
|
|
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(c)
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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)
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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:
|
06 Jun 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|