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:
|
27 Mar 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:
|
9,454,812
|
0.97%
|
5,588,740
|
0.57%
|
(2)
Cash-settled derivatives:
|
4,720,025
|
0.48%
|
8,098,712
|
0.83%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
14,174,837
|
1.45%
|
13,687,452
|
1.40%
|
|
|
|
|
|
|
|
|
(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
|
3620167
|
4.7770
GBP
|
4.7180
GBP
|
10p
ordinary
|
Sale
|
1277764
|
4.7770
GBP
|
4.7094
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
|
Closing
Short
|
15,297
|
4.7530
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
2
|
4.7350
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
349
|
4.7540
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,360
|
4.7401
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
3,730
|
4.7666
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
17,074
|
4.7380
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
17,644
|
4.7544
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
26,765
|
4.7543
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,756,400
|
4.7335
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17
|
4.7715
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
27
|
4.7615
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
55
|
4.7735
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
151
|
4.7708
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
216
|
4.7681
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
390
|
4.7517
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
551
|
4.7700
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
551
|
4.7560
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
700
|
4.7612
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,934
|
4.7666
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,939
|
4.7600
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,234
|
4.7609
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,039
|
4.7539
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,083
|
4.7517
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
20,182
|
4.7684
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
43,075
|
4.7536
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
50,722
|
4.7589
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
96,733
|
4.7583
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
110,718
|
4.7584
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
626
|
4.7693
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
715
|
4.7416
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,628
|
4.7557
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,823
|
4.7539
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,163
|
4.7609
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,492
|
4.7565
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
3,584
|
4.7536
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
5,945
|
4.7319
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
7,649
|
4.7540
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
12,305
|
4.7406
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
26,067
|
4.7678
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
28,137
|
4.7626
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
67,063
|
4.7539
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
218
|
4.7498
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
495
|
4.7497
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
516
|
4.7594
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
594
|
4.7705
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
712
|
4.7670
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
819
|
4.7553
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,628
|
4.7487
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,753
|
4.7451
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,335
|
4.7673
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,535
|
4.7486
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,925
|
4.7741
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,236
|
4.7738
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,288
|
4.7744
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,000
|
4.7434
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,668
|
4.7650
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,471
|
4.7666
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,781
|
4.7736
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,484
|
4.7274
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
16,726
|
4.7534
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17,323
|
4.7621
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17,704
|
4.7412
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
21,458
|
4.7419
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
25,863
|
4.7742
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
26,252
|
4.7667
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
38,051
|
4.7527
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
42,685
|
4.7616
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
48,638
|
4.7482
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
56,789
|
4.7564
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
67,331
|
4.7539
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
76,849
|
4.7637
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
78,223
|
4.7318
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
106,468
|
4.7549
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
111,379
|
4.7540
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
119,033
|
4.7474
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
125,995
|
4.7638
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
26,970
|
4.7528
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:
|
28 Mar 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|