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:
|
19 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:
|
13,372,726
|
1.37%
|
6,843,125
|
0.70%
|
(2)
Cash-settled derivatives:
|
5,857,535
|
0.60%
|
11,361,434
|
1.17%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
19,230,261
|
1.97%
|
18,204,559
|
1.87%
|
|
|
|
|
|
|
|
|
(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
|
1948429
|
4.4461
GBP
|
4.3888
GBP
|
10p
ordinary
|
Sale
|
771689
|
4.4460
GBP
|
4.3930
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
|
3,479
|
4.4199
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
29,168
|
4.4152
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
41,628
|
4.4150
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
17
|
4.3888
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
22
|
4.3955
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
85
|
4.4359
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
119
|
4.4195
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
144
|
4.4430
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
173
|
4.4339
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
179
|
4.4204
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
287
|
4.4071
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
759
|
4.4193
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
987
|
4.4361
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,149
|
4.4206
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,315
|
4.4225
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
4,656
|
4.3930
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,944
|
4.4150
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,980
|
4.4218
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
7,337
|
4.4054
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
7,503
|
4.4315
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
10,525
|
4.3970
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
19,719
|
4.4153
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
23,454
|
4.4150
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
46,769
|
4.4134
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
114
|
4.4240
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
864
|
4.4083
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,320
|
4.4197
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,920
|
4.4339
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,379
|
4.4393
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,426
|
4.4146
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,637
|
4.3996
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,640
|
4.4185
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,068
|
4.4268
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
9,153
|
4.4316
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
16,099
|
4.4159
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
21,172
|
4.4213
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
23,412
|
4.4191
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
25,297
|
4.4123
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
39,368
|
4.4149
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
96,209
|
4.4153
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
27,891
|
4.4144
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
45,972
|
4.4069
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
275
|
4.4089
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
401
|
4.4108
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
976
|
4.3920
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,143
|
4.3951
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,147
|
4.3910
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,991
|
4.4025
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,175
|
4.4196
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,602
|
4.4010
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,926
|
4.4148
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,528
|
4.4054
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,543
|
4.4275
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,717
|
4.4138
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,364
|
4.4051
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,081
|
4.4117
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,861
|
4.4072
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
13,437
|
4.4117
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
20,213
|
4.4037
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
20,912
|
4.4085
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
23,691
|
4.4084
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
31,400
|
4.4179
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
40,840
|
4.4157
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
73,851
|
4.4164
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
80,746
|
4.4155
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
116,500
|
4.4199
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
206,092
|
4.4145
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
212,650
|
4.4150
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:
|
22 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|