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: | 27 Feb 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: | 6,001,093 | 0.62% | 4,160,747 | 0.43% | |||
(2) Cash-settled derivatives: | 3,359,586 | 0.34% | 4,518,064 | 0.46% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| 9,360,679 | 0.96% | 8,678,811 | 0.89% | |||
| | | | | | | |
(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 | 778071 | 4.7730 GBP | 4.6899 GBP | |||
10p ordinary | Sale | 486571 | 4.7685 GBP | 4.6900 GBP | |||
| | | | | | | |
(b) | Cash-settled derivative transactions | ||||||
Class of | Product description | Nature of dealing | Number of | Price per | |||
10p ordinary | SWAP | Closing Long | 377 | 4.7730 GBP | |||
10p ordinary | SWAP | Closing Long | 488 | 4.7320 GBP | |||
10p ordinary | SWAP | Closing Long | 1,089 | 4.6940 GBP | |||
10p ordinary | SWAP | Closing Long | 3,375 | 4.7177 GBP | |||
10p ordinary | SWAP | Closing Long | 42,296 | 4.7114 GBP | |||
10p ordinary | CFD | Decreasing Long | 411 | 4.7763 GBP | |||
10p ordinary | CFD | Decreasing Long | 548 | 4.7759 GBP | |||
10p ordinary | CFD | Decreasing Long | 941 | 4.6846 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,100 | 4.6909 GBP | |||
10p ordinary | CFD | Decreasing Long | 23,074 | 4.7251 GBP | |||
10p ordinary | CFD | Decreasing Long | 33,929 | 4.7046 GBP | |||
10p ordinary | SWAP | Decreasing Long | 51,213 | 4.7197 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,697 | 4.7087 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,400 | 4.7039 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,600 | 4.7099 GBP | |||
10p ordinary | SWAP | Decreasing Short | 13,290 | 4.7106 GBP | |||
10p ordinary | CFD | Increasing Long | 409 | 4.7215 GBP | |||
10p ordinary | SWAP | Increasing Long | 9,239 | 4.7685 GBP | |||
10p ordinary | CFD | Increasing Long | 9,431 | 4.7269 GBP | |||
10p ordinary | CFD | Increasing Long | 15,455 | 4.7171 GBP | |||
10p ordinary | CFD | Increasing Long | 17,092 | 4.7040 GBP | |||
10p ordinary | CFD | Increasing Long | 18,578 | 4.7234 GBP | |||
10p ordinary | SWAP | Increasing Long | 249,370 | 4.7680 GBP | |||
10p ordinary | SWAP | Increasing Short | 444 | 4.7187 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,252 | 4.7026 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,263 | 4.7142 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,308 | 4.7118 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,708 | 4.7119 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,760 | 4.7235 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,065 | 4.6977 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,830 | 4.6916 GBP | |||
10p ordinary | SWAP | Increasing Short | 4,097 | 4.7239 GBP | |||
10p ordinary | SWAP | Increasing Short | 4,818 | 4.7139 GBP | |||
10p ordinary | SWAP | Increasing Short | 4,819 | 4.7104 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,111 | 4.7123 GBP | |||
10p ordinary | SWAP | Increasing Short | 13,735 | 4.7125 GBP | |||
10p ordinary | SWAP | Increasing Short | 40,736 | 4.6899 GBP | |||
10p ordinary | SWAP | Increasing Short | 115,498 | 4.7040 GBP | |||
10p ordinary | SWAP | Opening Long | 25,498 | 4.7092 GBP | |||
10p ordinary | SWAP | Opening Short | 440 | 4.7343 GBP | |||
10p ordinary | SWAP | Opening Short | 447 | 4.7410 GBP | |||
10p ordinary | SWAP | Opening Short | 451 | 4.7120 GBP | |||
10p ordinary | SWAP | Opening Short | 1,896 | 4.6924 GBP | |||
10p ordinary | SWAP | Opening Short | 1,960 | 4.7005 GBP | |||
10p ordinary | SWAP | Opening Short | 6,386 | 4.7136 GBP | |||
10p ordinary | SWAP | Opening Short | 38,971 | 4.7291 GBP | |||
10p ordinary | SWAP | Opening Short | 47,222 | 4.7054 GBP | |||
10p ordinary | SWAP | Opening Short | 100,360 | 4.7040 GBP | |||
10p ordinary | SWAP | Opening Short | 138,084 | 4.7730 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: | 28 Feb 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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