Last checked at 17 May 2024 11:43
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: | 16 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: | 13,653,679 | 1.40% | 5,285,960 | 0.54% | |||
(2) Cash-settled derivatives: | 4,326,971 | 0.44% | 12,400,379 | 1.27% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 17,980,650 | 1.84% | 17,686,339 | 1.81% | |||
| |||||||
(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 | 364566 | 5.1940 GBP | 5.1040 GBP | |||
10p ordinary | Sale | 900818 | 5.1942 GBP | 5.1375 GBP | |||
ADR | Purchase | 20 | 13.0000 USD | 13.0000 USD | |||
ADR | Sale | 20 | 13.0000 USD | 13.0000 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 | 5.1800 GBP | |||
10p ordinary | SWAP | Closing Short | 6 | 5.1683 GBP | |||
10p ordinary | SWAP | Closing Short | 190 | 5.1940 GBP | |||
10p ordinary | SWAP | Closing Short | 1,140 | 5.1937 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,112 | 5.1430 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,226 | 5.1944 GBP | |||
10p ordinary | CFD | Decreasing Long | 11,459 | 5.1759 GBP | |||
10p ordinary | CFD | Decreasing Long | 15,344 | 5.1725 GBP | |||
10p ordinary | CFD | Decreasing Long | 18,380 | 5.1534 GBP | |||
10p ordinary | SWAP | Decreasing Short | 787 | 5.1661 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,180 | 5.1460 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,258 | 5.1615 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,915 | 5.1669 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,139 | 5.1514 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,572 | 5.1667 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,025 | 5.1708 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,385 | 5.1780 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,638 | 5.1770 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,790 | 5.1802 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,821 | 5.1717 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8,804 | 5.1756 GBP | |||
10p ordinary | SWAP | Decreasing Short | 14,028 | 5.1751 GBP | |||
10p ordinary | SWAP | Decreasing Short | 15,850 | 5.1677 GBP | |||
10p ordinary | SWAP | Decreasing Short | 17,372 | 5.1783 GBP | |||
10p ordinary | SWAP | Decreasing Short | 20,301 | 5.1768 GBP | |||
10p ordinary | SWAP | Decreasing Short | 22,297 | 5.1788 GBP | |||
10p ordinary | SWAP | Decreasing Short | 52,236 | 5.1695 GBP | |||
10p ordinary | SWAP | Decreasing Short | 98,565 | 5.1711 GBP | |||
10p ordinary | SWAP | Decreasing Short | 254,193 | 5.1940 GBP | |||
10p ordinary | SWAP | Increasing Long | 27 | 5.1597 GBP | |||
10p ordinary | CFD | Increasing Long | 544 | 5.1820 GBP | |||
10p ordinary | CFD | Increasing Long | 721 | 5.1599 GBP | |||
10p ordinary | CFD | Increasing Long | 729 | 5.1744 GBP | |||
10p ordinary | SWAP | Increasing Long | 869 | 5.1688 GBP | |||
10p ordinary | CFD | Increasing Long | 1,076 | 5.1815 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,112 | 5.1430 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,440 | 5.1694 GBP | |||
10p ordinary | CFD | Increasing Long | 1,905 | 5.1773 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,930 | 5.1833 GBP | |||
10p ordinary | SWAP | Increasing Long | 2,030 | 5.1591 GBP | |||
10p ordinary | SWAP | Increasing Long | 3,725 | 5.1604 GBP | |||
10p ordinary | SWAP | Increasing Long | 3,797 | 5.1722 GBP | |||
10p ordinary | CFD | Increasing Long | 4,276 | 5.1395 GBP | |||
10p ordinary | SWAP | Increasing Long | 4,672 | 5.1657 GBP | |||
10p ordinary | SWAP | Increasing Long | 8,070 | 5.1603 GBP | |||
10p ordinary | CFD | Increasing Long | 17,659 | 5.1940 GBP | |||
10p ordinary | CFD | Increasing Long | 21,471 | 5.1662 GBP | |||
10p ordinary | CFD | Increasing Long | 22,815 | 5.1646 GBP | |||
10p ordinary | SWAP | Increasing Long | 33,696 | 5.1695 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,400 | 5.1563 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,027 | 5.1746 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,819 | 5.1602 GBP | |||
10p ordinary | SWAP | Increasing Short | 17,408 | 5.1277 GBP | |||
10p ordinary | SWAP | Increasing Short | 41,882 | 5.1934 GBP | |||
10p ordinary | SWAP | Increasing Short | 72,775 | 5.1940 GBP | |||
10p ordinary | SWAP | Opening Long | 10 | 5.1497 GBP | |||
10p ordinary | SWAP | Opening Short | 8 | 5.1675 GBP | |||
10p ordinary | SWAP | Opening Short | 506 | 5.1518 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: | 17 May 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||