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: | 07 May 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: | 12,942,905 | 1.33% | 5,637,686 | 0.58% | |||
(2) Cash-settled derivatives: | 4,791,163 | 0.49% | 11,703,048 | 1.20% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| 17,734,068 | 1.82% | 17,340,734 | 1.78% | |||
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(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 | 1324028 | 4.9290 GBP | 4.8330 GBP | |||
10p ordinary | Sale | 1734989 | 4.9280 GBP | 4.8355 GBP | |||
ADR | Purchase | 3500 | 12.2842 USD | 12.2842 USD | |||
ADR | Sale | 3500 | 12.2842 USD | 12.2842 USD | |||
| | | | | | | |
(b) | Cash-settled derivative transactions | ||||||
Class of | Product description | Nature of dealing | Number of | Price per | |||
10p ordinary | SWAP | Decreasing Long | 63 | 4.8864 GBP | |||
10p ordinary | SWAP | Decreasing Long | 106 | 4.8720 GBP | |||
10p ordinary | SWAP | Decreasing Long | 164 | 4.9073 GBP | |||
10p ordinary | SWAP | Decreasing Long | 176 | 4.9149 GBP | |||
10p ordinary | SWAP | Decreasing Long | 200 | 4.8887 GBP | |||
10p ordinary | SWAP | Decreasing Long | 233 | 4.9111 GBP | |||
10p ordinary | SWAP | Decreasing Long | 308 | 4.8623 GBP | |||
10p ordinary | SWAP | Decreasing Long | 340 | 4.8770 GBP | |||
10p ordinary | SWAP | Decreasing Long | 587 | 4.9058 GBP | |||
10p ordinary | SWAP | Decreasing Long | 617 | 4.9068 GBP | |||
10p ordinary | SWAP | Decreasing Long | 630 | 4.9029 GBP | |||
10p ordinary | SWAP | Decreasing Long | 679 | 4.9148 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,286 | 4.9158 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,352 | 4.8905 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,367 | 4.8882 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,739 | 4.9279 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,908 | 4.9113 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,191 | 4.9077 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,334 | 4.9036 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,544 | 4.9190 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,702 | 4.9026 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,940 | 4.9115 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,728 | 4.9039 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,132 | 4.9142 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,779 | 4.8945 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,790 | 4.8924 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,455 | 4.9115 GBP | |||
10p ordinary | SWAP | Decreasing Long | 7,300 | 4.9125 GBP | |||
10p ordinary | SWAP | Decreasing Long | 9,378 | 4.9098 GBP | |||
10p ordinary | SWAP | Decreasing Long | 9,907 | 4.8970 GBP | |||
10p ordinary | SWAP | Decreasing Long | 13,479 | 4.9002 GBP | |||
10p ordinary | SWAP | Decreasing Long | 13,881 | 4.9054 GBP | |||
10p ordinary | SWAP | Decreasing Long | 14,659 | 4.9125 GBP | |||
10p ordinary | SWAP | Decreasing Long | 15,496 | 4.9141 GBP | |||
10p ordinary | SWAP | Decreasing Long | 18,284 | 4.8957 GBP | |||
10p ordinary | SWAP | Decreasing Long | 27,784 | 4.8698 GBP | |||
10p ordinary | SWAP | Decreasing Long | 29,351 | 4.9155 GBP | |||
10p ordinary | CFD | Decreasing Long | 54,468 | 4.8845 GBP | |||
10p ordinary | SWAP | Decreasing Long | 60,389 | 4.8979 GBP | |||
10p ordinary | SWAP | Decreasing Short | 165 | 4.9099 GBP | |||
10p ordinary | SWAP | Decreasing Short | 395 | 4.9210 GBP | |||
10p ordinary | SWAP | Decreasing Short | 934 | 4.8659 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,267 | 4.8503 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,560 | 4.8680 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,564 | 4.8892 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,643 | 4.8464 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,811 | 4.8687 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,792 | 4.8490 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,818 | 4.8709 GBP | |||
10p ordinary | SWAP | Decreasing Short | 18,501 | 4.9087 GBP | |||
10p ordinary | SWAP | Decreasing Short | 42,841 | 4.9258 GBP | |||
10p ordinary | SWAP | Decreasing Short | 60,768 | 4.8940 GBP | |||
10p ordinary | SWAP | Decreasing Short | 66,387 | 4.8935 GBP | |||
10p ordinary | SWAP | Decreasing Short | 89,653 | 4.8960 GBP | |||
10p ordinary | SWAP | Decreasing Short | 121,575 | 4.9280 GBP | |||
10p ordinary | SWAP | Decreasing Short | 167,436 | 4.8999 GBP | |||
10p ordinary | SWAP | Decreasing Short | 242,117 | 4.9276 GBP | |||
10p ordinary | CFD | Increasing Long | 936 | 4.9080 GBP | |||
10p ordinary | CFD | Increasing Long | 1,652 | 4.9114 GBP | |||
10p ordinary | CFD | Increasing Long | 1,848 | 4.9109 GBP | |||
10p ordinary | SWAP | Increasing Long | 8,845 | 4.9115 GBP | |||
10p ordinary | CFD | Increasing Long | 13,947 | 4.9120 GBP | |||
10p ordinary | CFD | Increasing Long | 16,927 | 4.9276 GBP | |||
10p ordinary | SWAP | Increasing Long | 21,959 | 4.9125 GBP | |||
10p ordinary | CFD | Increasing Long | 22,567 | 4.9239 GBP | |||
10p ordinary | CFD | Increasing Long | 32,704 | 4.8595 GBP | |||
10p ordinary | CFD | Increasing Long | 42,308 | 4.8965 GBP | |||
10p ordinary | SWAP | Increasing Long | 76,158 | 4.9146 GBP | |||
10p ordinary | SWAP | Increasing Short | 70 | 4.9111 GBP | |||
10p ordinary | SWAP | Increasing Short | 410 | 4.9093 GBP | |||
10p ordinary | SWAP | Increasing Short | 506 | 4.9152 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,244 | 4.8697 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,546 | 4.9089 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,129 | 4.9036 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,306 | 4.9073 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,660 | 4.9141 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,671 | 4.8637 GBP | |||
10p ordinary | SWAP | Increasing Short | 13,585 | 4.9128 GBP | |||
10p ordinary | SWAP | Increasing Short | 14,351 | 4.9107 GBP | |||
10p ordinary | SWAP | Increasing Short | 15,143 | 4.9157 GBP | |||
10p ordinary | SWAP | Increasing Short | 15,500 | 4.9222 GBP | |||
10p ordinary | SWAP | Increasing Short | 31,470 | 4.9241 GBP | |||
10p ordinary | SWAP | Increasing Short | 241,080 | 4.9280 GBP | |||
10p ordinary | SWAP | Opening Short | 728 | 4.8754 GBP | |||
10p ordinary | SWAP | Opening Short | 1,096 | 4.9169 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: | 08 May 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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