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:
|
23 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:
|
12,493,686
|
1.28%
|
5,502,443
|
0.56%
|
(2)
Cash-settled derivatives:
|
4,690,517
|
0.48%
|
11,144,158
|
1.14%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
17,184,203
|
1.76%
|
16,646,601
|
1.71%
|
|
|
|
|
|
|
|
|
(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
|
698288
|
5.1020
GBP
|
4.9635
GBP
|
10p
ordinary
|
Sale
|
1130763
|
5.1020
GBP
|
4.9640
GBP
|
ADR
|
Purchase
|
2020
|
12.8800
USD
|
12.8700
USD
|
ADR
|
Sale
|
2020
|
12.8800
USD
|
12.8700
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
|
Closing
Short
|
1,571
|
5.0887
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
9,196
|
5.0860
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
9,583
|
5.0937
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
13,224
|
5.0881
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
17,281
|
5.0896
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
17,456
|
5.0742
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
20,320
|
5.0475
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
21,352
|
5.0800
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
24,282
|
5.0865
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
24,658
|
5.0902
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
26,731
|
5.0889
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
32,166
|
5.0871
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
69,949
|
5.0678
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
78,893
|
5.0835
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
144,189
|
4.9910
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
381
|
5.0009
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,182
|
4.9791
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,668
|
5.0760
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,094
|
5.0888
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
3,370
|
5.0680
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,666
|
5.0880
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
6,057
|
5.0686
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
6,624
|
5.0684
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
7,752
|
5.0644
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
10,635
|
5.0730
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
28,146
|
5.0680
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
35,730
|
5.0676
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
366
|
5.0365
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
470
|
4.9910
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
574
|
5.0080
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
574
|
5.0220
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
943
|
4.9962
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,281
|
5.0236
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,040
|
5.0403
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,571
|
5.0576
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,240
|
5.0479
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,118
|
5.0792
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,678
|
5.0844
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,637
|
5.0921
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11,913
|
5.0819
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,179
|
5.0777
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
15,720
|
5.0842
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,784
|
5.0807
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,973
|
5.0648
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
20,160
|
5.0676
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
22,301
|
5.0799
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
27,434
|
5.0750
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
30,100
|
5.0719
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
48,977
|
5.0835
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
49,133
|
5.0679
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
69,808
|
5.0805
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,692
|
5.0552
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
3,751
|
5.0052
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
9,926
|
5.0774
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
10,635
|
5.0730
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
10,907
|
5.0761
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
78
|
5.0970
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
159
|
4.9790
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
389
|
5.0050
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,752
|
5.0564
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,994
|
5.0680
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
23,191
|
4.9838
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
23,701
|
5.0611
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
49,675
|
5.0771
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
109,455
|
5.0520
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
119
|
4.9823
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:
|
24 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|