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:
|
09 May 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:
|
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%
|
TOTAL:
|
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
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
|
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
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
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
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:
|
10 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|