FORM 8.5
(EPT/NON-RI)
|
PUBLIC OPENING POSITION
DISCLOSURE/DEALING DISCLOSURE BY AN
|
EXEMPT PRINCIPAL TRADER
WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
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(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
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(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
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(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:
|
22 Apr 2024
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(e)
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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
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(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:
|
12,926,609
|
1.33%
|
7,206,599
|
0.74%
|
(2)
Cash-settled derivatives:
|
5,858,857
|
0.60%
|
11,483,181
|
1.18%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
18,785,466
|
1.93%
|
18,689,780
|
1.92%
|
|
|
|
|
|
|
|
|
(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
|
894212
|
4.5600
GBP
|
4.4630
GBP
|
10p
ordinary
|
Sale
|
874825
|
4.5600
GBP
|
4.4666
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
|
3
|
4.5473
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
16
|
4.5141
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
65
|
4.5337
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
79
|
4.5113
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
92
|
4.5160
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
116
|
4.5180
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
123
|
4.5085
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
206
|
4.5018
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
251
|
4.4977
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,202
|
4.5009
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,979
|
4.4613
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
34,181
|
4.4799
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
48,468
|
4.4943
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
356
|
4.4610
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
578
|
4.5090
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,907
|
4.4965
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,738
|
4.5161
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,752
|
4.5087
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,338
|
4.4931
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
10,223
|
4.5179
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13,734
|
4.5354
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17,565
|
4.5038
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17,884
|
4.5371
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
18,329
|
4.5146
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
57,109
|
4.5258
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
3,475
|
4.4606
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
16,240
|
4.5023
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
21,500
|
4.5176
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
46,888
|
4.5008
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
595
|
4.4660
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
692
|
4.5130
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,436
|
4.4875
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,990
|
4.5201
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,441
|
4.5283
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,622
|
4.5248
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,639
|
4.5276
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,622
|
4.5295
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,437
|
4.5038
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
19,950
|
4.5282
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
25,197
|
4.5164
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
26,528
|
4.5005
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
27,600
|
4.5548
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
34,838
|
4.5180
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
36,351
|
4.5153
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
57,096
|
4.5135
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
246
|
4.5136
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
5,980
|
4.5182
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
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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(ii)
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Exercising
|
|
|
|
|
|
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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:
|
23 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
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020 3134
7213
|