1. Market & Company News

  2. Form 8.5 (EPT/NON-RI) - Barratt Developments plc

Source - LSE Regulatory
RNS Number : 9550I
Barclays PLC
02 April 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:

28 Mar 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:

9,974,478

1.02%

5,483,466

0.56%

(2) Cash-settled derivatives:

4,603,498

0.47%

8,587,740

0.88%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

14,577,976

1.50%

14,071,206

1.44%

 








(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

ADR

Purchase

126936

12.1100  USD

12.0249  USD

10p ordinary

Purchase

1201115

4.7910  GBP

4.7519  GBP

10p ordinary

Sale

574922

4.7930  GBP

4.7519  GBP

ADR

Sale

86936

12.1100  USD

12.0249  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

Decreasing Long

447

4.7766  GBP

10p ordinary

SWAP

Decreasing Long

1,785

4.7737  GBP

10p ordinary

SWAP

Decreasing Long

1,787

4.7831  GBP

10p ordinary

SWAP

Decreasing Long

1,787

4.7870  GBP

10p ordinary

SWAP

Decreasing Long

1,813

4.7838  GBP

10p ordinary

CFD

Decreasing Long

2,482

4.7636  GBP

10p ordinary

SWAP

Decreasing Long

5,050

4.7833  GBP

10p ordinary

CFD

Decreasing Long

6,156

4.7586  GBP

10p ordinary

CFD

Decreasing Long

6,927

4.7559  GBP

10p ordinary

SWAP

Decreasing Long

7,152

4.7783  GBP

10p ordinary

SWAP

Decreasing Long

8,762

4.7821  GBP

10p ordinary

CFD

Decreasing Long

17,308

4.7824  GBP

10p ordinary

SWAP

Decreasing Long

21,868

4.7758  GBP

10p ordinary

CFD

Decreasing Long

22,884

4.7878  GBP

10p ordinary

CFD

Decreasing Long

23,533

4.7563  GBP

10p ordinary

SWAP

Decreasing Long

31,175

4.7560  GBP

10p ordinary

CFD

Decreasing Long

35,196

4.7725  GBP

10p ordinary

CFD

Decreasing Long

40,543

4.7560  GBP

10p ordinary

CFD

Decreasing Long

45,663

4.7877  GBP

10p ordinary

SWAP

Decreasing Short

106

4.7858  GBP

10p ordinary

SWAP

Decreasing Short

175

4.7760  GBP

10p ordinary

SWAP

Decreasing Short

272

4.7709  GBP

10p ordinary

SWAP

Decreasing Short

382

4.7850  GBP

10p ordinary

SWAP

Decreasing Short

434

4.7840  GBP

10p ordinary

SWAP

Decreasing Short

504

4.7780  GBP

10p ordinary

SWAP

Decreasing Short

600

4.7858  GBP

10p ordinary

SWAP

Decreasing Short

695

4.7647  GBP

10p ordinary

SWAP

Decreasing Short

1,468

4.7653  GBP

10p ordinary

SWAP

Decreasing Short

2,052

4.7787  GBP

10p ordinary

SWAP

Decreasing Short

2,537

4.7751  GBP

10p ordinary

SWAP

Decreasing Short

2,921

4.7799  GBP

10p ordinary

SWAP

Decreasing Short

5,238

4.7898  GBP

10p ordinary

SWAP

Decreasing Short

46,934

4.7754  GBP

10p ordinary

SWAP

Increasing Long

10

4.7819  GBP

10p ordinary

CFD

Increasing Long

396

4.7560  GBP

10p ordinary

SWAP

Increasing Long

550

4.7855  GBP

10p ordinary

SWAP

Increasing Long

1,121

4.7828  GBP

10p ordinary

SWAP

Increasing Long

1,134

4.7858  GBP

10p ordinary

SWAP

Increasing Long

1,241

4.7829  GBP

10p ordinary

SWAP

Increasing Long

1,481

4.7812  GBP

10p ordinary

CFD

Increasing Long

1,611

4.7846  GBP

10p ordinary

SWAP

Increasing Long

1,760

4.7849  GBP

10p ordinary

SWAP

Increasing Long

1,856

4.7760  GBP

10p ordinary

CFD

Increasing Long

2,861

4.7719  GBP

10p ordinary

SWAP

Increasing Long

2,889

4.7709  GBP

10p ordinary

SWAP

Increasing Long

4,602

4.7840  GBP

10p ordinary

CFD

Increasing Long

9,301

4.7666  GBP

10p ordinary

CFD

Increasing Long

17,114

4.7559  GBP

10p ordinary

CFD

Increasing Long

17,309

4.7720  GBP

10p ordinary

SWAP

Increasing Long

21,772

4.7787  GBP

10p ordinary

CFD

Increasing Long

27,098

4.7829  GBP

10p ordinary

CFD

Increasing Long

37,277

4.7782  GBP

10p ordinary

CFD

Increasing Long

40,000

4.7853  GBP

10p ordinary

SWAP

Increasing Short

226

4.7810  GBP

10p ordinary

SWAP

Increasing Short

729

4.7812  GBP

10p ordinary

SWAP

Increasing Short

989

4.7803  GBP

10p ordinary

SWAP

Increasing Short

1,948

4.7717  GBP

10p ordinary

SWAP

Increasing Short

2,279

4.7752  GBP

10p ordinary

SWAP

Increasing Short

3,774

4.7750  GBP

10p ordinary

SWAP

Increasing Short

44,089

4.7561  GBP

10p ordinary

SWAP

Increasing Short

73,763

4.7772  GBP

10p ordinary

SWAP

Increasing Short

173,295

4.7732  GBP

10p ordinary

SWAP

Increasing Short

252,254

4.7560  GBP

10p ordinary

SWAP

Opening Long

46

4.7858  GBP

10p ordinary

SWAP

Opening Long

77

4.7760  GBP

10p ordinary

SWAP

Opening Long

118

4.7709  GBP

10p ordinary

SWAP

Opening Long

188

4.7840  GBP

10p ordinary

SWAP

Opening Long

892

4.7787  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:

02 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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END
 
 
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