14 Aug 2024 11:52
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 | |||||
relevant securities this form relates: | |||||||
(c) | Name of the party to the offer with which exempt | REDROW PLC | |||||
principal trader is connected | |||||||
(d) | Date position held/dealing undertaken: | 13 Aug 2024 | |||||
(e) | In addition to the company in 1(b) above, is the exempt principal | YES: | |||||
trader making disclosures in respect of any other party to the offer? | 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: | 9,921,501 | 1.02% | 2,984,573 | 0.31% | |||
(2) | Cash-settled derivatives: | ||||||
and/or controlled: | 2,079,159 | 0.21% | 8,633,012 | 0.89% | |||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 12,000,660 | 1.23% | 11,617,585 | 1.19% | |||
(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) | Purchases and sales | ||||||
Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
security | securities | paid/received | paid/received | ||||
10p ordinary | Purchase | 565,581 | 5.2920 GBP | 5.2520 GBP | |||
10p ordinary | Sale | 507,530 | 5.2900 GBP | 5.2520 GBP | |||
(b) | Cash-settled derivative transactions | ||||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description | reference | unit | ||||
security | securities | ||||||
10p ordinary | CFD | Increasing Long | 665 | 5.2655 GBP | |||
10p ordinary | CFD | Increasing Long | 14,836 | 5.2695 GBP | |||
10p ordinary | CFD | Increasing Long | 7,068 | 5.2768 GBP | |||
10p ordinary | CFD | Increasing Long | 10,435 | 5.2900 GBP | |||
10p ordinary | CFD | Decreasing Long | 40,011 | 5.2783 GBP | |||
10p ordinary | CFD | Opening Short | 25,271 | 5.2860 GBP | |||
10p ordinary | CFD | Increasing Short | 665 | 5.2904 GBP | |||
10p ordinary | SWAP | Decreasing Short | 12,564 | 5.2710 GBP | |||
10p ordinary | SWAP | Increasing Short | 12 | 5.2625 GBP | |||
10p ordinary | SWAP | Decreasing Short | 486 | 5.2764 GBP | |||
10p ordinary | SWAP | Decreasing Short | 148,115 | 5.2822 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,620 | 5.2573 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,348 | 5.2604 GBP | |||
10p ordinary | SWAP | Increasing Short | 75 | 5.2723 GBP | |||
10p ordinary | SWAP | Increasing Short | 889 | 5.2743 GBP | |||
10p ordinary | SWAP | Increasing Short | 32,251 | 5.2752 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,123 | 5.2807 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,748 | 5.2822 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,946 | 5.2828 GBP | |||
10p ordinary | SWAP | Increasing Short | 118,915 | 5.2858 GBP | |||
10p ordinary | SWAP | Increasing Short | 61,237 | 5.2873 GBP | |||
10p ordinary | SWAP | Decreasing Short | 460 | 5.2820 GBP | |||
10p ordinary | SWAP | Decreasing Short | 19,068 | 5.2842 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,668 | 5.2888 GBP | |||
10p ordinary | SWAP | Decreasing Short | 39,091 | 5.2891 GBP | |||
10p ordinary | SWAP | Decreasing Short | 903 | 5.2900 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,010 | 5.2631 GBP | |||
10p ordinary | SWAP | Increasing Short | 533 | 5.2660 GBP | |||
10p ordinary | SWAP | Increasing Short | 82,250 | 5.2737 GBP | |||
10p ordinary | SWAP | Increasing Short | 242 | 5.2790 GBP | |||
10p ordinary | SWAP | Increasing Short | 741 | 5.2873 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,712 | 5.2767 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,064 | 5.2793 GBP | |||
10p ordinary | SWAP | Decreasing Short | 38,847 | 5.2805 GBP | |||
10p ordinary | SWAP | Decreasing Short | 11,944 | 5.2819 GBP | |||
10p ordinary | SWAP | Decreasing Short | 28,012 | 5.2820 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,008 | 5.2821 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,553 | 5.2843 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,253 | 5.2848 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,825 | 5.2865 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,056 | 5.2874 GBP | |||
10p ordinary | SWAP | Decreasing Short | 35,081 | 5.2899 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,546 | 5.2660 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,328 | 5.2666 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,684 | 5.2716 GBP | |||
10p ordinary | SWAP | Increasing Short | 18,682 | 5.2758 GBP | |||
10p ordinary | SWAP | Decreasing Short | 967 | 5.2752 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5 | 5.2900 GBP | |||
10p ordinary | SWAP | Increasing Short | 33,242 | 5.2801 GBP | |||
10p ordinary | SWAP | Increasing Short | 13,894 | 5.2900 GBP | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | date | money | |
relevant | selling, | securities | per unit | paid/ | |||
security | varying etc | to which | received | ||||
option | per unit | ||||||
relates | |||||||
(ii) | Exercising | ||||||
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | securities | unit | |||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security | 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: | 14 Aug 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||