RNS Number : 8607P
Barclays PLC
24 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:

23 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:

12,493,686

1.28%

5,502,443

0.56%

(2) Cash-settled derivatives:

4,690,517

0.48%

11,144,158

1.14%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

17,184,203

1.76%

16,646,601

1.71%

 








(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

698288

5.1020  GBP

4.9635  GBP

10p ordinary

Sale

1130763

5.1020  GBP

4.9640  GBP

ADR

Purchase

2020

12.8800  USD

12.8700  USD

ADR

Sale

2020

12.8800  USD

12.8700  USD

 








(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

1,571

5.0887  GBP

10p ordinary

SWAP

Closing Short

9,196

5.0860  GBP

10p ordinary

SWAP

Closing Short

9,583

5.0937  GBP

10p ordinary

SWAP

Closing Short

13,224

5.0881  GBP

10p ordinary

SWAP

Closing Short

17,281

5.0896  GBP

10p ordinary

SWAP

Closing Short

17,456

5.0742  GBP

10p ordinary

SWAP

Closing Short

20,320

5.0475  GBP

10p ordinary

SWAP

Closing Short

21,352

5.0800  GBP

10p ordinary

SWAP

Closing Short

24,282

5.0865  GBP

10p ordinary

SWAP

Closing Short

24,658

5.0902  GBP

10p ordinary

SWAP

Closing Short

26,731

5.0889  GBP

10p ordinary

SWAP

Closing Short

32,166

5.0871  GBP

10p ordinary

SWAP

Closing Short

69,949

5.0678  GBP

10p ordinary

SWAP

Closing Short

78,893

5.0835  GBP

10p ordinary

SWAP

Closing Short

144,189

4.9910  GBP

10p ordinary

CFD

Decreasing Long

381

5.0009  GBP

10p ordinary

CFD

Decreasing Long

1,182

4.9791  GBP

10p ordinary

SWAP

Decreasing Long

1,668

5.0760  GBP

10p ordinary

SWAP

Decreasing Long

3,094

5.0888  GBP

10p ordinary

CFD

Decreasing Long

3,370

5.0680  GBP

10p ordinary

SWAP

Decreasing Long

5,666

5.0880  GBP

10p ordinary

SWAP

Decreasing Long

6,057

5.0686  GBP

10p ordinary

CFD

Decreasing Long

6,624

5.0684  GBP

10p ordinary

SWAP

Decreasing Long

7,752

5.0644  GBP

10p ordinary

SWAP

Decreasing Long

10,635

5.0730  GBP

10p ordinary

SWAP

Decreasing Long

28,146

5.0680  GBP

10p ordinary

SWAP

Decreasing Long

35,730

5.0676  GBP

10p ordinary

SWAP

Decreasing Short

366

5.0365  GBP

10p ordinary

SWAP

Decreasing Short

470

4.9910  GBP

10p ordinary

SWAP

Decreasing Short

574

5.0080  GBP

10p ordinary

SWAP

Decreasing Short

574

5.0220  GBP

10p ordinary

SWAP

Decreasing Short

943

4.9962  GBP

10p ordinary

SWAP

Decreasing Short

2,281

5.0236  GBP

10p ordinary

SWAP

Decreasing Short

3,040

5.0403  GBP

10p ordinary

SWAP

Decreasing Short

3,571

5.0576  GBP

10p ordinary

SWAP

Decreasing Short

5,240

5.0479  GBP

10p ordinary

SWAP

Decreasing Short

6,118

5.0792  GBP

10p ordinary

SWAP

Decreasing Short

7,678

5.0844  GBP

10p ordinary

SWAP

Decreasing Short

11,637

5.0921  GBP

10p ordinary

SWAP

Decreasing Short

11,913

5.0819  GBP

10p ordinary

SWAP

Decreasing Short

14,179

5.0777  GBP

10p ordinary

SWAP

Decreasing Short

15,720

5.0842  GBP

10p ordinary

SWAP

Decreasing Short

19,784

5.0807  GBP

10p ordinary

SWAP

Decreasing Short

19,973

5.0648  GBP

10p ordinary

SWAP

Decreasing Short

20,160

5.0676  GBP

10p ordinary

SWAP

Decreasing Short

22,301

5.0799  GBP

10p ordinary

SWAP

Decreasing Short

27,434

5.0750  GBP

10p ordinary

SWAP

Decreasing Short

30,100

5.0719  GBP

10p ordinary

SWAP

Decreasing Short

48,977

5.0835  GBP

10p ordinary

SWAP

Decreasing Short

49,133

5.0679  GBP

10p ordinary

SWAP

Decreasing Short

69,808

5.0805  GBP

10p ordinary

CFD

Increasing Long

2,692

5.0552  GBP

10p ordinary

CFD

Increasing Long

3,751

5.0052  GBP

10p ordinary

CFD

Increasing Long

9,926

5.0774  GBP

10p ordinary

SWAP

Increasing Long

10,635

5.0730  GBP

10p ordinary

CFD

Increasing Long

10,907

5.0761  GBP

10p ordinary

SWAP

Increasing Short

78

5.0970  GBP

10p ordinary

SWAP

Increasing Short

159

4.9790  GBP

10p ordinary

SWAP

Increasing Short

389

5.0050  GBP

10p ordinary

SWAP

Increasing Short

3,752

5.0564  GBP

10p ordinary

SWAP

Increasing Short

14,994

5.0680  GBP

10p ordinary

SWAP

Increasing Short

23,191

4.9838  GBP

10p ordinary

SWAP

Increasing Short

23,701

5.0611  GBP

10p ordinary

SWAP

Increasing Short

49,675

5.0771  GBP

10p ordinary

SWAP

Increasing Short

109,455

5.0520  GBP

10p ordinary

SWAP

Opening Long

119

4.9823  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:

24 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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