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)
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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)
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Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
|
Date position held/dealing undertaken:
|
11 Jul 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:
|
11,240,986
|
1.15%
|
6,555,137
|
0.67%
|
(2)
Cash-settled derivatives:
|
5,578,501
|
0.57%
|
9,847,356
|
1.01%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
16,819,487
|
1.73%
|
16,402,493
|
1.68%
|
|
|
|
|
|
|
|
|
(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.
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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
|
1096954
|
4.9510
GBP
|
4.8190
GBP
|
10p
ordinary
|
Sale
|
947505
|
4.9510
GBP
|
4.8190
GBP
|
|
|
|
|
|
|
|
|
(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
Short
|
354
|
4.8335
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
23,685
|
4.8332
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
3,503
|
4.9170
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
1,163
|
4.9506
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
3,271
|
4.9509
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
7,944
|
4.8304
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
2,000
|
4.8442
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
1,163
|
4.8783
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
19,012
|
4.9509
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,745
|
4.9156
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
25,468
|
4.9239
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
85,432
|
4.9506
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
385
|
4.8267
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
3,841
|
4.8306
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
7,369
|
4.8682
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
9,442
|
4.9223
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
508
|
4.9326
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
47,131
|
4.9463
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
306
|
4.8220
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
474
|
4.8365
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,222
|
4.8421
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
40,793
|
4.8723
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
14,763
|
4.9461
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,865
|
4.8481
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
877
|
4.8623
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
33,868
|
4.8955
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
140,776
|
4.9151
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
206,146
|
4.9507
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
208
|
4.8300
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
60
|
4.8395
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13
|
4.8429
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
20,096
|
4.8830
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,253
|
4.8897
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
3,398
|
4.9304
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
11,248
|
4.9372
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
12,538
|
4.9509
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
12,181
|
4.8355
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
240
|
4.9140
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,101
|
4.9145
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
300
|
4.9170
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,978
|
4.9270
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
9,633
|
4.9287
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,084
|
4.9294
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,478
|
4.9295
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,250
|
4.9347
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
616
|
4.8372
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
1,718
|
4.9458
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
9,021
|
4.8550
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13,883
|
4.8772
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14,696
|
4.9247
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
19,138
|
4.9361
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
28,642
|
4.9510
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:
|
12 Jul 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|