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: | 25 Mar 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: | 8,524,627 | 0.87% | 7,485,401 | 0.77% | |||
(2) Cash-settled derivatives: | 6,567,400 | 0.67% | 7,059,426 | 0.72% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| 15,092,027 | 1.55% | 14,544,827 | 1.49% | |||
| | | | | | | |
(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 | 759398 | 4.7425 GBP | 4.6775 GBP | |||
10p ordinary | Sale | 726520 | 4.7300 GBP | 4.6820 GBP | |||
| | | | | | | |
(b) | Cash-settled derivative transactions | ||||||
Class of | Product description | Nature of dealing | Number of | Price per | |||
10p ordinary | SWAP | Closing Long | 12 | 4.7094 GBP | |||
10p ordinary | SWAP | Closing Long | 12 | 4.7089 GBP | |||
10p ordinary | SWAP | Closing Long | 218 | 4.7170 GBP | |||
10p ordinary | SWAP | Closing Long | 264 | 4.7210 GBP | |||
10p ordinary | SWAP | Closing Long | 5,139 | 4.6899 GBP | |||
10p ordinary | CFD | Decreasing Long | 166 | 4.7169 GBP | |||
10p ordinary | SWAP | Decreasing Long | 201 | 4.7015 GBP | |||
10p ordinary | SWAP | Decreasing Long | 446 | 4.6914 GBP | |||
10p ordinary | SWAP | Decreasing Long | 831 | 4.7135 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,154 | 4.7036 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,222 | 4.7077 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,267 | 4.6975 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,543 | 4.7011 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,762 | 4.7032 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,023 | 4.7009 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,405 | 4.7025 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,465 | 4.7054 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,833 | 4.7022 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,929 | 4.7120 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,261 | 4.7062 GBP | |||
10p ordinary | SWAP | Decreasing Long | 7,085 | 4.7060 GBP | |||
10p ordinary | SWAP | Decreasing Long | 10,326 | 4.7155 GBP | |||
10p ordinary | SWAP | Decreasing Long | 10,607 | 4.7094 GBP | |||
10p ordinary | CFD | Decreasing Long | 17,895 | 4.7124 GBP | |||
10p ordinary | SWAP | Decreasing Long | 25,580 | 4.7085 GBP | |||
10p ordinary | SWAP | Decreasing Long | 304,006 | 4.7425 GBP | |||
10p ordinary | SWAP | Decreasing Short | 136 | 4.7052 GBP | |||
10p ordinary | SWAP | Decreasing Short | 170 | 4.7300 GBP | |||
10p ordinary | SWAP | Decreasing Short | 220 | 4.7149 GBP | |||
10p ordinary | SWAP | Decreasing Short | 358 | 4.7135 GBP | |||
10p ordinary | SWAP | Decreasing Short | 394 | 4.6920 GBP | |||
10p ordinary | SWAP | Decreasing Short | 470 | 4.7065 GBP | |||
10p ordinary | SWAP | Decreasing Short | 484 | 4.7183 GBP | |||
10p ordinary | SWAP | Decreasing Short | 551 | 4.7096 GBP | |||
10p ordinary | SWAP | Decreasing Short | 645 | 4.7057 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,889 | 4.7155 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,165 | 4.7025 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,246 | 4.7087 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,536 | 4.6964 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,448 | 4.7105 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,790 | 4.6943 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,929 | 4.7120 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,085 | 4.7060 GBP | |||
10p ordinary | SWAP | Decreasing Short | 9,186 | 4.7063 GBP | |||
10p ordinary | SWAP | Decreasing Short | 10,967 | 4.6950 GBP | |||
10p ordinary | SWAP | Decreasing Short | 12,671 | 4.7017 GBP | |||
10p ordinary | SWAP | Decreasing Short | 19,476 | 4.7086 GBP | |||
10p ordinary | SWAP | Decreasing Short | 21,730 | 4.7068 GBP | |||
10p ordinary | SWAP | Decreasing Short | 30,240 | 4.7166 GBP | |||
10p ordinary | SWAP | Decreasing Short | 41,670 | 4.7000 GBP | |||
10p ordinary | SWAP | Decreasing Short | 105,815 | 4.7170 GBP | |||
10p ordinary | SWAP | Decreasing Short | 278,823 | 4.7054 GBP | |||
10p ordinary | CFD | Increasing Long | 15 | 4.7173 GBP | |||
10p ordinary | CFD | Increasing Long | 17 | 4.7170 GBP | |||
10p ordinary | SWAP | Increasing Long | 473 | 4.7135 GBP | |||
10p ordinary | CFD | Increasing Long | 2,570 | 4.7169 GBP | |||
10p ordinary | SWAP | Increasing Long | 4,451 | 4.7155 GBP | |||
10p ordinary | CFD | Increasing Long | 9,409 | 4.7041 GBP | |||
10p ordinary | CFD | Increasing Long | 10,350 | 4.7045 GBP | |||
10p ordinary | SWAP | Increasing Short | 227 | 4.7133 GBP | |||
10p ordinary | SWAP | Increasing Short | 623 | 4.7040 GBP | |||
10p ordinary | SWAP | Increasing Short | 690 | 4.7062 GBP | |||
10p ordinary | SWAP | Increasing Short | 899 | 4.7370 GBP | |||
10p ordinary | SWAP | Increasing Short | 969 | 4.7043 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,378 | 4.7039 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,977 | 4.7064 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,025 | 4.7141 GBP | |||
10p ordinary | SWAP | Increasing Short | 39,164 | 4.7209 GBP | |||
10p ordinary | SWAP | Increasing Short | 40,492 | 4.7168 GBP | |||
10p ordinary | SWAP | Opening Short | 1,318 | 4.7083 GBP | |||
10p ordinary | SWAP | Opening Short | 1,355 | 4.6959 GBP | |||
10p ordinary | SWAP | Opening Short | 1,514 | 4.7060 GBP | |||
10p ordinary | SWAP | Opening Short | 1,883 | 4.7150 GBP | |||
10p ordinary | SWAP | Opening Short | 2,378 | 4.6979 GBP | |||
10p ordinary | SWAP | Opening Short | 5,418 | 4.7081 GBP | |||
10p ordinary | SWAP | Opening Short | 6,005 | 4.7172 GBP | |||
10p ordinary | SWAP | Opening Short | 6,779 | 4.7108 GBP | |||
10p ordinary | SWAP | Opening Short | 7,017 | 4.7025 GBP | |||
10p ordinary | SWAP | Opening Short | 8,984 | 4.7075 GBP | |||
10p ordinary | SWAP | Opening Short | 9,106 | 4.7078 GBP | |||
10p ordinary | SWAP | Opening Short | 16,862 | 4.7170 GBP | |||
10p ordinary | SWAP | Opening Short | 25,194 | 4.7170 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: | 26 Mar 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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