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:
|
03 Jul 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:
|
11,344,495
|
1.16%
|
6,681,728
|
0.69%
|
(2)
Cash-settled derivatives:
|
5,618,882
|
0.58%
|
9,926,064
|
1.02%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
16,963,377
|
1.74%
|
16,607,792
|
1.70%
|
|
|
|
|
|
|
|
|
(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
|
433765
|
4.8701
GBP
|
4.8331
GBP
|
10p
ordinary
|
Sale
|
562379
|
4.8703
GBP
|
4.8090
GBP
|
|
|
|
|
|
|
|
|
(b)
|
Cash-settled derivative transactions
|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
45,952
|
4.8533
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
44,827
|
4.8695
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
32,099
|
4.8696
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
11,446
|
4.8514
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
35,805
|
4.8567
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
34,506
|
4.8700
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,209
|
4.8519
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
24,668
|
4.8700
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
517
|
4.8462
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
22,581
|
4.8702
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
93
|
4.8560
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
33,736
|
4.8672
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,710
|
4.8701
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
994
|
4.8273
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
37
|
4.8360
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
17,421
|
4.8462
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,601
|
4.8496
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,521
|
4.8570
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
453
|
4.8647
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,584
|
4.8686
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
351
|
4.8461
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,086
|
4.8508
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,168
|
4.8562
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
43,548
|
4.8580
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,947
|
4.8656
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
60,264
|
4.8700
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,871
|
4.8530
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,203
|
4.8536
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,277
|
4.8539
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13,492
|
4.8584
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,552
|
4.8680
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
32,284
|
4.8699
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
803
|
4.8399
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,927
|
4.8495
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
983
|
4.8553
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,289
|
4.8584
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,185
|
4.8589
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,472
|
4.8603
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
287
|
4.8504
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
686
|
4.8529
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
996
|
4.8551
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
3,811
|
4.8566
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
9,711
|
4.8588
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1
|
4.8595
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1
|
4.8605
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
8,254
|
4.8699
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,952
|
4.8514
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
18,466
|
4.8549
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
15,363
|
4.8700
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:
|
04 Jul 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|