RNS Number : 6859P
Barclays PLC
23 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:

22 May 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:

13,185,559

1.35%

5,891,776

0.60%

(2) Cash-settled derivatives:

4,782,920

0.49%

11,821,589

1.21%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

17,968,479

1.84%

17,713,365

1.82%

 








(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

1708357

5.0560  GBP

4.9640  GBP

10p ordinary

Sale

1629560

5.0560  GBP

4.9640  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

1,405

5.0282  GBP

10p ordinary

SWAP

Closing Short

1,813

4.9960  GBP

10p ordinary

CFD

Decreasing Long

2,429

5.0013  GBP

10p ordinary

CFD

Decreasing Long

6,174

5.0404  GBP

10p ordinary

CFD

Decreasing Long

6,718

5.0262  GBP

10p ordinary

SWAP

Decreasing Long

10,722

4.9960  GBP

10p ordinary

CFD

Decreasing Long

27,050

4.9963  GBP

10p ordinary

SWAP

Decreasing Short

17

5.0400  GBP

10p ordinary

SWAP

Decreasing Short

475

5.0327  GBP

10p ordinary

SWAP

Decreasing Short

958

4.9720  GBP

10p ordinary

SWAP

Decreasing Short

1,003

5.0477  GBP

10p ordinary

SWAP

Decreasing Short

1,292

5.0381  GBP

10p ordinary

SWAP

Decreasing Short

1,777

5.0113  GBP

10p ordinary

SWAP

Decreasing Short

2,224

5.0363  GBP

10p ordinary

SWAP

Decreasing Short

2,487

5.0190  GBP

10p ordinary

SWAP

Decreasing Short

5,240

5.0066  GBP

10p ordinary

SWAP

Decreasing Short

5,301

5.0018  GBP

10p ordinary

SWAP

Decreasing Short

5,342

5.0387  GBP

10p ordinary

SWAP

Decreasing Short

5,400

5.0098  GBP

10p ordinary

SWAP

Decreasing Short

7,307

5.0046  GBP

10p ordinary

SWAP

Decreasing Short

7,346

5.0036  GBP

10p ordinary

SWAP

Decreasing Short

7,378

5.0040  GBP

10p ordinary

SWAP

Decreasing Short

7,563

5.0203  GBP

10p ordinary

SWAP

Decreasing Short

8,610

4.9987  GBP

10p ordinary

SWAP

Decreasing Short

11,017

5.0114  GBP

10p ordinary

SWAP

Decreasing Short

12,866

5.0071  GBP

10p ordinary

SWAP

Decreasing Short

13,203

5.0148  GBP

10p ordinary

SWAP

Decreasing Short

16,758

5.0096  GBP

10p ordinary

SWAP

Decreasing Short

23,212

5.0000  GBP

10p ordinary

SWAP

Decreasing Short

23,728

5.0099  GBP

10p ordinary

SWAP

Decreasing Short

35,781

4.9979  GBP

10p ordinary

SWAP

Decreasing Short

62,782

4.9959  GBP

10p ordinary

SWAP

Increasing Long

68

5.0019  GBP

10p ordinary

SWAP

Increasing Long

113

5.0060  GBP

10p ordinary

SWAP

Increasing Long

195

5.0118  GBP

10p ordinary

SWAP

Increasing Long

238

5.0061  GBP

10p ordinary

SWAP

Increasing Long

249

5.0222  GBP

10p ordinary

SWAP

Increasing Long

325

5.0434  GBP

10p ordinary

SWAP

Increasing Long

584

5.0096  GBP

10p ordinary

SWAP

Increasing Long

790

5.0374  GBP

10p ordinary

CFD

Increasing Long

943

4.9960  GBP

10p ordinary

SWAP

Increasing Long

2,838

5.0173  GBP

10p ordinary

SWAP

Increasing Long

4,133

5.0140  GBP

10p ordinary

CFD

Increasing Long

5,775

5.0316  GBP

10p ordinary

CFD

Increasing Long

6,174

4.9955  GBP

10p ordinary

SWAP

Increasing Long

6,974

5.0181  GBP

10p ordinary

SWAP

Increasing Long

8,207

5.0091  GBP

10p ordinary

SWAP

Increasing Long

9,302

5.0138  GBP

10p ordinary

SWAP

Increasing Long

9,318

5.0237  GBP

10p ordinary

SWAP

Increasing Long

9,650

5.0134  GBP

10p ordinary

SWAP

Increasing Long

15,599

5.0104  GBP

10p ordinary

SWAP

Increasing Long

18,395

4.9879  GBP

10p ordinary

SWAP

Increasing Long

31,170

5.0022  GBP

10p ordinary

SWAP

Increasing Long

249,612

5.0145  GBP

10p ordinary

SWAP

Increasing Short

955

5.0256  GBP

10p ordinary

SWAP

Increasing Short

2,146

5.0355  GBP

10p ordinary

SWAP

Increasing Short

4,968

4.9949  GBP

10p ordinary

SWAP

Increasing Short

10,033

4.9932  GBP

10p ordinary

SWAP

Increasing Short

14,717

4.9908  GBP

10p ordinary

SWAP

Increasing Short

20,267

0.0000  GBP

10p ordinary

SWAP

Increasing Short

26,056

4.9681  GBP

10p ordinary

SWAP

Increasing Short

32,969

5.0166  GBP

10p ordinary

SWAP

Increasing Short

44,065

4.9975  GBP

10p ordinary

SWAP

Increasing Short

63,086

5.0013  GBP

10p ordinary

SWAP

Increasing Short

78,700

5.0506  GBP

10p ordinary

SWAP

Increasing Short

78,700

4.9972  GBP

10p ordinary

SWAP

Increasing Short

368,921

4.9960  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:

23 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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