Source - LSE Regulatory
RNS Number : 4460E
Barclays PLC
26 February 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 Feb 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:

5,596,155

0.57%

4,900,616

0.50%

(2) Cash-settled derivatives:

4,294,889

0.44%

4,371,821

0.45%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

9,891,044

1.01%

9,272,437

0.95%

 








(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

825683

4.8090  GBP

4.7460  GBP

10p ordinary

Sale

616858

4.8090  GBP

4.7500  GBP

ADR

Purchase

1500

12.0700  USD

12.0700  USD

ADR

Sale

1500

12.0700  USD

12.0700  USD

 








(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 Long

1

4.8100  GBP

10p ordinary

SWAP

Decreasing Long

10

4.7920  GBP

10p ordinary

CFD

Decreasing Long

54

4.7990  GBP

10p ordinary

SWAP

Decreasing Long

184

4.7975  GBP

10p ordinary

SWAP

Decreasing Long

225

4.7951  GBP

10p ordinary

CFD

Decreasing Long

682

4.7803  GBP

10p ordinary

SWAP

Decreasing Long

1,072

4.7834  GBP

10p ordinary

SWAP

Decreasing Long

1,638

4.7913  GBP

10p ordinary

SWAP

Decreasing Long

2,441

4.7905  GBP

10p ordinary

CFD

Decreasing Long

3,176

4.7945  GBP

10p ordinary

SWAP

Decreasing Long

5,100

4.7794  GBP

10p ordinary

SWAP

Decreasing Long

5,897

4.7927  GBP

10p ordinary

SWAP

Decreasing Long

6,996

4.7917  GBP

10p ordinary

SWAP

Decreasing Long

10,920

4.7881  GBP

10p ordinary

SWAP

Decreasing Long

16,632

4.8145  GBP

10p ordinary

CFD

Decreasing Long

20,909

4.7691  GBP

10p ordinary

SWAP

Decreasing Long

30,729

4.7850  GBP

10p ordinary

CFD

Decreasing Long

42,359

4.7850  GBP

10p ordinary

SWAP

Decreasing Short

9

4.7910  GBP

10p ordinary

SWAP

Decreasing Short

32

4.7842  GBP

10p ordinary

SWAP

Decreasing Short

36

4.7794  GBP

10p ordinary

SWAP

Decreasing Short

366

4.7780  GBP

10p ordinary

SWAP

Decreasing Short

749

4.7839  GBP

10p ordinary

SWAP

Decreasing Short

1,245

4.7822  GBP

10p ordinary

SWAP

Decreasing Short

1,500

4.7954  GBP

10p ordinary

SWAP

Decreasing Short

4,977

4.7829  GBP

10p ordinary

SWAP

Decreasing Short

34,020

4.7839  GBP

10p ordinary

SWAP

Decreasing Short

63,557

4.7849  GBP

10p ordinary

SWAP

Decreasing Short

99,732

4.7855  GBP

10p ordinary

CFD

Increasing Long

792

4.7901  GBP

10p ordinary

CFD

Increasing Long

2,182

4.7859  GBP

10p ordinary

CFD

Increasing Long

8,655

4.7959  GBP

10p ordinary

CFD

Increasing Long

9,312

4.7526  GBP

10p ordinary

CFD

Increasing Long

18,527

4.7936  GBP

10p ordinary

CFD

Increasing Long

37,042

4.7876  GBP

10p ordinary

CFD

Increasing Long

54,442

4.7676  GBP

10p ordinary

SWAP

Increasing Short

238

4.7620  GBP

10p ordinary

SWAP

Increasing Short

264

4.7887  GBP

10p ordinary

SWAP

Increasing Short

352

4.7890  GBP

10p ordinary

SWAP

Increasing Short

359

4.7860  GBP

10p ordinary

SWAP

Increasing Short

520

4.7831  GBP

10p ordinary

SWAP

Increasing Short

727

4.7916  GBP

10p ordinary

SWAP

Increasing Short

834

4.7843  GBP

10p ordinary

SWAP

Increasing Short

1,586

4.7771  GBP

10p ordinary

SWAP

Increasing Short

3,539

4.7824  GBP

10p ordinary

SWAP

Increasing Short

4,627

4.7898  GBP

10p ordinary

SWAP

Increasing Short

7,505

4.7888  GBP

10p ordinary

SWAP

Increasing Short

9,710

4.7856  GBP

10p ordinary

SWAP

Increasing Short

12,146

4.7885  GBP

10p ordinary

SWAP

Increasing Short

15,644

4.7847  GBP

10p ordinary

SWAP

Increasing Short

16,469

4.7783  GBP

10p ordinary

SWAP

Increasing Short

18,378

4.7784  GBP

10p ordinary

SWAP

Increasing Short

20,875

4.7827  GBP

10p ordinary

SWAP

Increasing Short

22,456

4.7862  GBP

10p ordinary

SWAP

Increasing Short

32,028

4.7850  GBP

10p ordinary

SWAP

Increasing Short

72,954

4.7842  GBP

10p ordinary

SWAP

Increasing Short

73,830

4.7850  GBP

10p ordinary

SWAP

Increasing Short

102,350

4.7899  GBP

10p ordinary

SWAP

Opening Long

23,836

4.7816  GBP

10p ordinary

SWAP

Opening Short

14,547

4.7852  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:

26 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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