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: | 09 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: | 12,821,132 | 1.32% | 5,475,112 | 0.56% | |||
(2) Cash-settled derivatives: | 4,660,799 | 0.48% | 11,584,829 | 1.19% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| 17,481,931 | 1.79% | 17,059,941 | 1.75% | |||
| | | | | | | |
(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 | 2018415 | 4.9510 GBP | 4.8815 GBP | |||
10p ordinary | Sale | 3024726 | 4.9510 GBP | 4.8807 GBP | |||
ADR | Purchase | 20526 | 12.2581 USD | 12.2581 USD | |||
ADR | Sale | 20526 | 12.2581 USD | 12.2581 USD | |||
| | | | | | | |
(b) | Cash-settled derivative transactions | ||||||
Class of | Product description | Nature of dealing | Number of | Price per | |||
10p ordinary | SWAP | Decreasing Long | 38 | 4.9094 GBP | |||
10p ordinary | SWAP | Decreasing Long | 128 | 4.9040 GBP | |||
10p ordinary | SWAP | Decreasing Long | 175 | 4.9138 GBP | |||
10p ordinary | SWAP | Decreasing Long | 185 | 4.9128 GBP | |||
10p ordinary | SWAP | Decreasing Long | 240 | 4.8913 GBP | |||
10p ordinary | SWAP | Decreasing Long | 412 | 4.9233 GBP | |||
10p ordinary | SWAP | Decreasing Long | 412 | 4.9127 GBP | |||
10p ordinary | SWAP | Decreasing Long | 420 | 4.9137 GBP | |||
10p ordinary | SWAP | Decreasing Long | 425 | 4.9361 GBP | |||
10p ordinary | CFD | Decreasing Long | 752 | 4.9123 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,042 | 4.9173 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,057 | 4.9303 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,058 | 4.8975 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,179 | 4.9077 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,618 | 4.9251 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,698 | 4.9214 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,010 | 4.9396 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,385 | 4.9157 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,477 | 4.9179 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,590 | 4.9252 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,927 | 4.9155 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,762 | 4.9397 GBP | |||
10p ordinary | CFD | Decreasing Long | 5,174 | 4.9119 GBP | |||
10p ordinary | SWAP | Decreasing Long | 7,079 | 4.9343 GBP | |||
10p ordinary | SWAP | Decreasing Long | 10,335 | 4.9406 GBP | |||
10p ordinary | CFD | Decreasing Long | 10,996 | 4.9157 GBP | |||
10p ordinary | SWAP | Decreasing Long | 20,853 | 4.9201 GBP | |||
10p ordinary | SWAP | Decreasing Long | 52,126 | 4.9253 GBP | |||
10p ordinary | SWAP | Decreasing Short | 120 | 4.9241 GBP | |||
10p ordinary | SWAP | Decreasing Short | 310 | 4.8923 GBP | |||
10p ordinary | SWAP | Decreasing Short | 726 | 4.8807 GBP | |||
10p ordinary | SWAP | Decreasing Short | 981 | 4.8900 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,314 | 4.9080 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,320 | 4.9097 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,580 | 4.8859 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,653 | 4.8941 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,383 | 4.9149 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,271 | 4.9074 GBP | |||
10p ordinary | SWAP | Decreasing Short | 11,566 | 4.9093 GBP | |||
10p ordinary | SWAP | Decreasing Short | 38,889 | 4.9104 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,450,856 | 4.8960 GBP | |||
10p ordinary | CFD | Increasing Long | 32 | 4.9118 GBP | |||
10p ordinary | CFD | Increasing Long | 4,468 | 4.9233 GBP | |||
10p ordinary | CFD | Increasing Long | 5,534 | 4.9034 GBP | |||
10p ordinary | CFD | Increasing Long | 16,138 | 4.8884 GBP | |||
10p ordinary | CFD | Increasing Long | 16,810 | 4.9213 GBP | |||
10p ordinary | SWAP | Increasing Short | 322 | 4.9090 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,417 | 4.9150 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,204 | 4.9120 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,232 | 4.8988 GBP | |||
10p ordinary | SWAP | Increasing Short | 8,331 | 4.9186 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,352 | 4.9157 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,222 | 4.9144 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,758 | 4.9201 GBP | |||
10p ordinary | SWAP | Increasing Short | 13,485 | 4.9188 GBP | |||
10p ordinary | SWAP | Increasing Short | 16,007 | 4.9128 GBP | |||
10p ordinary | SWAP | Increasing Short | 22,768 | 4.9175 GBP | |||
10p ordinary | SWAP | Increasing Short | 24,071 | 4.9140 GBP | |||
10p ordinary | SWAP | Increasing Short | 32,179 | 4.9109 GBP | |||
10p ordinary | SWAP | Increasing Short | 35,247 | 4.9158 GBP | |||
10p ordinary | SWAP | Increasing Short | 47,752 | 4.9167 GBP | |||
10p ordinary | SWAP | Increasing Short | 49,861 | 4.9053 GBP | |||
10p ordinary | SWAP | Increasing Short | 59,135 | 4.9180 GBP | |||
10p ordinary | SWAP | Increasing Short | 81,499 | 4.9164 GBP | |||
10p ordinary | SWAP | Increasing Short | 118,647 | 4.9123 GBP | |||
10p ordinary | SWAP | Increasing Short | 130,416 | 4.9168 GBP | |||
10p ordinary | SWAP | Increasing Short | 152,259 | 4.9120 GBP | |||
10p ordinary | SWAP | Increasing Short | 268,082 | 4.9173 GBP | |||
10p ordinary | SWAP | Increasing Short | 295,675 | 4.8953 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: | 10 May 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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