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 | BARRATT DEVELOPMENTS PLC | |||||
(c) | Name of the party to the offer with which exempt | REDROW PLC | |||||
(d) | Date position held/dealing undertaken: | 15 Apr 2024 | |||||
(e) | In addition to the company in 1(b) above, is the exempt principal | YES: | |||||
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: | 10,850,878 | 1.11% | 6,720,531 | 0.69% | |||
(2) Cash-settled derivatives: | 5,875,285 | 0.60% | 9,516,049 | 0.98% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| 16,726,163 | 1.72% | 16,236,580 | 1.67% | |||
| | | | | | | |
(b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
Class of relevant security in relation to |
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Details, including nature of the rights |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchase and sales |
| | | | | |
Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
10p ordinary | Purchase | 1045018 | 4.6550 GBP | 4.5816 GBP | |||
10p ordinary | Sale | 1639048 | 4.6540 GBP | 4.5816 GBP | |||
ADR | Purchase | 500 | 11.4700 USD | 11.4700 USD | |||
ADR | Sale | 500 | 11.4700 USD | 11.4700 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 | 347 | 4.6112 GBP | |||
10p ordinary | CFD | Decreasing Long | 731 | 4.5833 GBP | |||
10p ordinary | CFD | Decreasing Long | 3,710 | 4.6067 GBP | |||
10p ordinary | CFD | Decreasing Long | 4,028 | 4.5838 GBP | |||
10p ordinary | CFD | Decreasing Long | 13,857 | 4.6141 GBP | |||
10p ordinary | SWAP | Decreasing Long | 17,005 | 4.6188 GBP | |||
10p ordinary | SWAP | Decreasing Long | 50,595 | 4.6405 GBP | |||
10p ordinary | SWAP | Decreasing Short | 135 | 4.5874 GBP | |||
10p ordinary | SWAP | Decreasing Short | 293 | 4.6213 GBP | |||
10p ordinary | SWAP | Decreasing Short | 296 | 4.6110 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,698 | 4.6107 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,849 | 4.6222 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,031 | 4.6186 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,064 | 4.6334 GBP | |||
10p ordinary | SWAP | Decreasing Short | 10,783 | 4.6290 GBP | |||
10p ordinary | SWAP | Decreasing Short | 13,767 | 4.6272 GBP | |||
10p ordinary | SWAP | Decreasing Short | 14,439 | 4.6198 GBP | |||
10p ordinary | SWAP | Decreasing Short | 26,016 | 4.6180 GBP | |||
10p ordinary | SWAP | Decreasing Short | 35,280 | 4.5826 GBP | |||
10p ordinary | SWAP | Decreasing Short | 36,931 | 4.5850 GBP | |||
10p ordinary | SWAP | Decreasing Short | 89,753 | 4.5829 GBP | |||
10p ordinary | CFD | Increasing Long | 1,231 | 4.6146 GBP | |||
10p ordinary | CFD | Increasing Long | 1,591 | 4.5945 GBP | |||
10p ordinary | CFD | Increasing Long | 7,415 | 4.5874 GBP | |||
10p ordinary | CFD | Increasing Long | 8,158 | 4.6154 GBP | |||
10p ordinary | CFD | Increasing Long | 8,883 | 4.6235 GBP | |||
10p ordinary | SWAP | Increasing Long | 602,600 | 4.5940 GBP | |||
10p ordinary | SWAP | Increasing Short | 312 | 4.6189 GBP | |||
10p ordinary | SWAP | Increasing Short | 349 | 4.5890 GBP | |||
10p ordinary | SWAP | Increasing Short | 420 | 4.6318 GBP | |||
10p ordinary | SWAP | Increasing Short | 512 | 4.5978 GBP | |||
10p ordinary | SWAP | Increasing Short | 750 | 4.6114 GBP | |||
10p ordinary | SWAP | Increasing Short | 764 | 4.6083 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,276 | 4.6058 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,335 | 4.5871 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,280 | 4.6048 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,343 | 4.6049 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,454 | 4.6116 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,629 | 4.6222 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,793 | 4.5869 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,980 | 4.5964 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,753 | 4.5968 GBP | |||
10p ordinary | SWAP | Increasing Short | 10,277 | 4.5830 GBP | |||
10p ordinary | SWAP | Increasing Short | 13,029 | 4.6041 GBP | |||
10p ordinary | SWAP | Increasing Short | 54,499 | 4.5830 GBP | |||
10p ordinary | SWAP | Increasing Short | 83,601 | 4.6116 GBP | |||
10p ordinary | SWAP | Opening Short | 2 | 4.5850 GBP | |||
10p ordinary | SWAP | Opening Short | 6 | 4.6000 GBP | |||
10p ordinary | SWAP | Opening Short | 104 | 4.5832 GBP | |||
| | | | | | | |
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
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(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
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4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements | ||||||
Details of any indemnity or option arrangement, or any agreement or understanding, | |||||||
NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives | ||||||
Details of any agreement, arrangement or understanding, formal or informal, between | |||||||
NONE | |||||||
(c) | Attachments | ||||||
Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 16 Apr 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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