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:
|
26 Jun 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:
|
11,894,412
|
1.22%
|
4,017,120
|
0.41%
|
(2)
Cash-settled derivatives:
|
3,097,529
|
0.32%
|
10,368,292
|
1.06%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
14,991,941
|
1.54%
|
14,385,412
|
1.48%
|
|
|
|
|
|
|
|
|
(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
|
1024680
|
4.7890
GBP
|
4.6920
GBP
|
10p
ordinary
|
Sale
|
1567548
|
4.7890
GBP
|
4.6920
GBP
|
ADR
|
Purchase
|
106
|
11.8300
USD
|
11.8300
USD
|
ADR
|
Sale
|
106
|
11.8300
USD
|
11.8300
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
Long
|
157
|
4.7161
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
1,255
|
4.7177
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
4,052
|
4.7175
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
9,052
|
4.7180
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
285
|
4.6967
GBP
|
10p
ordinary
|
CFD
|
Closing
Short
|
294
|
4.7444
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
3,560
|
4.7239
GBP
|
10p
ordinary
|
CFD
|
Closing
Short
|
4,530
|
4.7301
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
7,504
|
4.7182
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
15,174
|
4.7180
GBP
|
10p
ordinary
|
CFD
|
Closing
Short
|
21,508
|
4.7064
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
23,258
|
4.7146
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
178
|
4.7161
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,419
|
4.7177
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,009
|
4.7175
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
11,680
|
4.7180
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1
|
4.7180
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
24
|
4.7029
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
242
|
4.7135
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
519
|
4.7116
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
916
|
4.7059
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,046
|
4.7428
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,570
|
4.7351
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,054
|
4.7056
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,103
|
4.7049
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,500
|
4.6984
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,541
|
4.7460
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,139
|
4.7566
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,550
|
4.7198
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,773
|
4.7132
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,783
|
4.7115
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
39,301
|
4.7202
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
40,320
|
4.7176
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
67,016
|
4.7183
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
123,840
|
4.7156
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
129,792
|
4.7173
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17
|
4.7090
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
19
|
4.7140
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
458
|
4.7217
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
736
|
4.7569
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,040
|
4.7180
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,226
|
4.7070
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,450
|
4.7485
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,452
|
4.7076
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,669
|
4.7328
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
29,950
|
4.7327
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
31,033
|
4.7111
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
185,637
|
4.7740
GBP
|
10p
ordinary
|
CFD
|
Opening
Long
|
3,298
|
4.7065
GBP
|
10p
ordinary
|
CFD
|
Opening
Long
|
3,852
|
4.7136
GBP
|
10p
ordinary
|
CFD
|
Opening
Long
|
10,354
|
4.7141
GBP
|
10p
ordinary
|
CFD
|
Opening
Long
|
15,621
|
4.7176
GBP
|
10p
ordinary
|
CFD
|
Opening
Long
|
23,804
|
4.7179
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
38,517
|
4.7155
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
49,268
|
4.7180
GBP
|
10p
ordinary
|
CFD
|
Opening
Long
|
60,165
|
4.7254
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
308,160
|
4.7156
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:
|
27 Jun 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|