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: | 29 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: | 14,078,274 | 1.44% | 6,212,438 | 0.64% | |||
(2) Cash-settled derivatives: | 5,280,472 | 0.54% | 12,666,501 | 1.30% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| 19,358,746 | 1.99% | 18,878,939 | 1.94% | |||
| | | | | | | |
(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 | 362762 | 4.5973 GBP | 4.5575 GBP | |||
10p ordinary | Sale | 223891 | 4.6010 GBP | 4.5580 GBP | |||
ADR | Purchase | 1500 | 11.4100 USD | 11.4100 USD | |||
ADR | Sale | 1500 | 11.4100 USD | 11.4100 USD | |||
| | | | | | | |
(b) | Cash-settled derivative transactions | ||||||
Class of | Product description | Nature of dealing | Number of | Price per | |||
10p ordinary | SWAP | Decreasing Long | 1 | 4.5714 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3 | 4.5714 GBP | |||
10p ordinary | SWAP | Decreasing Long | 27 | 4.5929 GBP | |||
10p ordinary | SWAP | Decreasing Long | 108 | 4.5804 GBP | |||
10p ordinary | SWAP | Decreasing Long | 108 | 4.5704 GBP | |||
10p ordinary | SWAP | Decreasing Long | 109 | 4.5713 GBP | |||
10p ordinary | SWAP | Decreasing Long | 110 | 4.5756 GBP | |||
10p ordinary | SWAP | Decreasing Long | 152 | 4.5704 GBP | |||
10p ordinary | SWAP | Decreasing Long | 434 | 4.5700 GBP | |||
10p ordinary | CFD | Decreasing Long | 502 | 4.5683 GBP | |||
10p ordinary | SWAP | Decreasing Long | 517 | 4.5967 GBP | |||
10p ordinary | SWAP | Decreasing Long | 903 | 4.5796 GBP | |||
10p ordinary | SWAP | Decreasing Long | 953 | 4.5724 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,346 | 4.5976 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,565 | 4.5692 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,269 | 4.5798 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,350 | 4.5725 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,525 | 4.5735 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,062 | 4.5670 GBP | |||
10p ordinary | CFD | Decreasing Long | 5,498 | 4.5965 GBP | |||
10p ordinary | SWAP | Decreasing Long | 5,998 | 4.5747 GBP | |||
10p ordinary | SWAP | Decreasing Long | 7,531 | 4.5700 GBP | |||
10p ordinary | CFD | Decreasing Long | 14,924 | 4.5795 GBP | |||
10p ordinary | SWAP | Decreasing Long | 15,592 | 4.5748 GBP | |||
10p ordinary | CFD | Decreasing Long | 29,806 | 4.5681 GBP | |||
10p ordinary | SWAP | Decreasing Short | 53 | 4.5779 GBP | |||
10p ordinary | SWAP | Decreasing Short | 78 | 4.5729 GBP | |||
10p ordinary | SWAP | Decreasing Short | 542 | 4.5756 GBP | |||
10p ordinary | SWAP | Decreasing Short | 671 | 4.5699 GBP | |||
10p ordinary | SWAP | Decreasing Short | 700 | 4.5792 GBP | |||
10p ordinary | SWAP | Decreasing Short | 850 | 4.5742 GBP | |||
10p ordinary | SWAP | Decreasing Short | 958 | 4.5719 GBP | |||
10p ordinary | SWAP | Decreasing Short | 967 | 4.5765 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,034 | 4.5929 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,037 | 4.5740 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,472 | 4.5690 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,476 | 4.5738 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,516 | 4.5791 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,900 | 4.5772 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,843 | 4.5660 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8,217 | 4.5802 GBP | |||
10p ordinary | SWAP | Decreasing Short | 22,131 | 4.5905 GBP | |||
10p ordinary | CFD | Increasing Long | 290 | 4.5610 GBP | |||
10p ordinary | CFD | Increasing Long | 567 | 4.5576 GBP | |||
10p ordinary | CFD | Increasing Long | 3,109 | 4.5720 GBP | |||
10p ordinary | SWAP | Increasing Long | 3,910 | 4.5670 GBP | |||
10p ordinary | CFD | Increasing Long | 4,428 | 4.5904 GBP | |||
10p ordinary | CFD | Increasing Long | 15,652 | 4.5721 GBP | |||
10p ordinary | CFD | Increasing Long | 16,990 | 4.5700 GBP | |||
10p ordinary | CFD | Increasing Long | 18,024 | 4.5837 GBP | |||
10p ordinary | SWAP | Increasing Short | 66 | 4.5758 GBP | |||
10p ordinary | SWAP | Increasing Short | 100 | 4.5707 GBP | |||
10p ordinary | SWAP | Increasing Short | 140 | 4.5780 GBP | |||
10p ordinary | SWAP | Increasing Short | 195 | 4.5790 GBP | |||
10p ordinary | SWAP | Increasing Short | 382 | 4.5824 GBP | |||
10p ordinary | SWAP | Increasing Short | 561 | 4.5770 GBP | |||
10p ordinary | SWAP | Increasing Short | 891 | 4.5640 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,080 | 4.5851 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,374 | 4.5643 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,706 | 4.5656 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,823 | 4.5753 GBP | |||
10p ordinary | SWAP | Increasing Short | 13,990 | 4.5673 GBP | |||
10p ordinary | SWAP | Increasing Short | 19,509 | 4.5698 GBP | |||
10p ordinary | SWAP | Increasing Short | 20,499 | 4.5756 GBP | |||
10p ordinary | SWAP | Increasing Short | 21,156 | 4.5755 GBP | |||
10p ordinary | SWAP | Increasing Short | 44,130 | 4.5700 GBP | |||
10p ordinary | SWAP | Increasing Short | 44,681 | 4.5736 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: | 30 Apr 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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