Last checked at 18 Mar 2024 08:24
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: | 15 Mar 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: | 7,820,842 | 0.80% | 8,217,413 | 0.84% | |||
(2) Cash-settled derivatives: | 7,208,403 | 0.74% | 6,319,097 | 0.65% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 15,029,245 | 1.54% | 14,536,510 | 1.49% | |||
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(b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
Class of relevant security in relation to which subscription right exists |
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Details, including nature of the rights concerned and relevant percentages: |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchase and sales |
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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 | 1016281 | 4.7620 GBP | 4.7300 GBP | |||
10p ordinary | Sale | 1615825 | 4.7617 GBP | 4.7320 GBP | |||
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(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 | 47 | 4.7510 GBP | |||
10p ordinary | SWAP | Decreasing Long | 99 | 4.7473 GBP | |||
10p ordinary | SWAP | Decreasing Long | 156 | 4.7541 GBP | |||
10p ordinary | SWAP | Decreasing Long | 164 | 4.7540 GBP | |||
10p ordinary | SWAP | Decreasing Long | 191 | 4.7472 GBP | |||
10p ordinary | SWAP | Decreasing Long | 248 | 4.7524 GBP | |||
10p ordinary | SWAP | Decreasing Long | 321 | 4.7545 GBP | |||
10p ordinary | CFD | Decreasing Long | 533 | 4.7376 GBP | |||
10p ordinary | SWAP | Decreasing Long | 866 | 4.7520 GBP | |||
10p ordinary | SWAP | Decreasing Long | 873 | 4.7461 GBP | |||
10p ordinary | SWAP | Decreasing Long | 944 | 4.7360 GBP | |||
10p ordinary | SWAP | Decreasing Long | 972 | 4.7426 GBP | |||
10p ordinary | CFD | Decreasing Long | 981 | 4.7363 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,150 | 4.7563 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,397 | 4.7523 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,687 | 4.7522 GBP | |||
10p ordinary | CFD | Decreasing Long | 2,290 | 4.7463 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,750 | 4.7427 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,905 | 4.7501 GBP | |||
10p ordinary | CFD | Decreasing Long | 3,355 | 4.7369 GBP | |||
10p ordinary | CFD | Decreasing Long | 3,444 | 4.7359 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,866 | 4.7485 GBP | |||
10p ordinary | CFD | Decreasing Long | 9,008 | 4.7550 GBP | |||
10p ordinary | SWAP | Decreasing Long | 9,434 | 4.7519 GBP | |||
10p ordinary | SWAP | Decreasing Short | 456 | 4.7525 GBP | |||
10p ordinary | SWAP | Decreasing Short | 598 | 4.7320 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,033 | 4.7617 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,541 | 4.7535 GBP | |||
10p ordinary | SWAP | Decreasing Short | 101,810 | 4.7512 GBP | |||
10p ordinary | SWAP | Decreasing Short | 222,315 | 4.7426 GBP | |||
10p ordinary | SWAP | Decreasing Short | 266,113 | 4.7360 GBP | |||
10p ordinary | SWAP | Increasing Long | 321 | 4.7545 GBP | |||
10p ordinary | CFD | Increasing Long | 981 | 4.7486 GBP | |||
10p ordinary | CFD | Increasing Long | 1,106 | 4.7560 GBP | |||
10p ordinary | CFD | Increasing Long | 1,725 | 4.7360 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,992 | 4.7514 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,998 | 4.7472 GBP | |||
10p ordinary | SWAP | Increasing Long | 2,162 | 4.7405 GBP | |||
10p ordinary | CFD | Increasing Long | 3,051 | 4.7442 GBP | |||
10p ordinary | CFD | Increasing Long | 4,602 | 4.7350 GBP | |||
10p ordinary | SWAP | Increasing Long | 7,889 | 4.7463 GBP | |||
10p ordinary | CFD | Increasing Long | 9,621 | 4.7500 GBP | |||
10p ordinary | CFD | Increasing Long | 14,303 | 4.7470 GBP | |||
10p ordinary | CFD | Increasing Long | 23,633 | 4.7504 GBP | |||
10p ordinary | SWAP | Increasing Long | 27,221 | 4.7359 GBP | |||
10p ordinary | SWAP | Increasing Long | 30,001 | 4.7415 GBP | |||
10p ordinary | SWAP | Increasing Short | 584 | 4.7518 GBP | |||
10p ordinary | SWAP | Increasing Short | 956 | 4.7512 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,243 | 4.7582 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,274 | 4.7457 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,621 | 4.7362 GBP | |||
10p ordinary | SWAP | Increasing Short | 8,513 | 4.7491 GBP | |||
10p ordinary | SWAP | Increasing Short | 10,970 | 4.7469 GBP | |||
10p ordinary | SWAP | Increasing Short | 19,575 | 4.7444 GBP | |||
10p ordinary | SWAP | Increasing Short | 20,061 | 4.7558 GBP | |||
10p ordinary | SWAP | Increasing Short | 22,254 | 4.7435 GBP | |||
10p ordinary | SWAP | Increasing Short | 31,773 | 4.7360 GBP | |||
10p ordinary | SWAP | Increasing Short | 148,786 | 4.7557 GBP | |||
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(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 |
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(ii) | Exercising |
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Class of relevant security | Product description | Exercising/ exercised against | Number of securities | Exercise price per unit | |||
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(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant security | Nature of Dealings | Details | Price per unit (if applicable) | ||||
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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, 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: | 18 Mar 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||