Last checked at 24 Apr 2024 11:12
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 Apr 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: | 13,172,463 | 1.35% | 6,879,775 | 0.71% | |||
(2) Cash-settled derivatives: | 5,924,615 | 0.61% | 11,750,754 | 1.21% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 19,097,078 | 1.96% | 18,630,529 | 1.91% | |||
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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 | 1957337 | 4.5710 GBP | 4.5161 GBP | |||
10p ordinary | Sale | 1764044 | 4.5716 GBP | 4.5177 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 | 25 | 4.5631 GBP | |||
10p ordinary | SWAP | Decreasing Long | 32 | 4.5561 GBP | |||
10p ordinary | SWAP | Decreasing Long | 93 | 4.5494 GBP | |||
10p ordinary | SWAP | Decreasing Long | 117 | 4.5425 GBP | |||
10p ordinary | CFD | Decreasing Long | 260 | 4.5673 GBP | |||
10p ordinary | SWAP | Decreasing Long | 300 | 4.5443 GBP | |||
10p ordinary | SWAP | Decreasing Long | 522 | 4.5710 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,107 | 4.5600 GBP | |||
10p ordinary | CFD | Decreasing Long | 3,575 | 4.5269 GBP | |||
10p ordinary | CFD | Decreasing Long | 11,318 | 4.5671 GBP | |||
10p ordinary | CFD | Decreasing Long | 12,699 | 4.5710 GBP | |||
10p ordinary | SWAP | Decreasing Short | 12 | 4.5619 GBP | |||
10p ordinary | SWAP | Decreasing Short | 159 | 4.5629 GBP | |||
10p ordinary | SWAP | Decreasing Short | 300 | 4.5513 GBP | |||
10p ordinary | SWAP | Decreasing Short | 598 | 4.5360 GBP | |||
10p ordinary | SWAP | Decreasing Short | 914 | 4.5178 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,441 | 4.5248 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,396 | 4.5545 GBP | |||
10p ordinary | SWAP | Decreasing Short | 9,245 | 4.5560 GBP | |||
10p ordinary | SWAP | Decreasing Short | 11,700 | 4.5710 GBP | |||
10p ordinary | SWAP | Decreasing Short | 19,982 | 4.5709 GBP | |||
10p ordinary | SWAP | Decreasing Short | 23,312 | 4.5343 GBP | |||
10p ordinary | SWAP | Decreasing Short | 89,548 | 4.5691 GBP | |||
10p ordinary | SWAP | Decreasing Short | 148,034 | 4.5378 GBP | |||
10p ordinary | CFD | Increasing Long | 4 | 4.5700 GBP | |||
10p ordinary | CFD | Increasing Long | 821 | 4.5709 GBP | |||
10p ordinary | CFD | Increasing Long | 3,597 | 4.5357 GBP | |||
10p ordinary | CFD | Increasing Long | 14,462 | 4.5488 GBP | |||
10p ordinary | CFD | Increasing Long | 19,596 | 4.5177 GBP | |||
10p ordinary | CFD | Increasing Long | 27,148 | 4.5706 GBP | |||
10p ordinary | CFD | Increasing Long | 30,178 | 4.5381 GBP | |||
10p ordinary | SWAP | Increasing Short | 69 | 4.5481 GBP | |||
10p ordinary | SWAP | Increasing Short | 396 | 4.5370 GBP | |||
10p ordinary | SWAP | Increasing Short | 940 | 4.5712 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,073 | 4.5361 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,166 | 4.5437 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,248 | 4.5295 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,359 | 4.5361 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,551 | 4.5161 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,438 | 4.5692 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,783 | 4.5373 GBP | |||
10p ordinary | SWAP | Increasing Short | 10,180 | 4.5446 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,442 | 4.5261 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,622 | 4.5473 GBP | |||
10p ordinary | SWAP | Increasing Short | 14,657 | 4.5337 GBP | |||
10p ordinary | SWAP | Increasing Short | 17,712 | 4.5378 GBP | |||
10p ordinary | SWAP | Increasing Short | 20,129 | 4.5710 GBP | |||
10p ordinary | SWAP | Increasing Short | 20,613 | 4.5454 GBP | |||
10p ordinary | SWAP | Increasing Short | 22,016 | 4.5305 GBP | |||
10p ordinary | SWAP | Increasing Short | 24,954 | 4.5222 GBP | |||
10p ordinary | SWAP | Increasing Short | 27,555 | 4.5288 GBP | |||
10p ordinary | SWAP | Increasing Short | 29,977 | 4.5707 GBP | |||
10p ordinary | SWAP | Increasing Short | 43,402 | 4.5572 GBP | |||
10p ordinary | SWAP | Increasing Short | 44,216 | 4.5426 GBP | |||
10p ordinary | SWAP | Increasing Short | 51,793 | 4.5492 GBP | |||
10p ordinary | SWAP | Increasing Short | 57,923 | 4.5321 GBP | |||
10p ordinary | SWAP | Increasing Short | 124,000 | 4.5515 GBP | |||
10p ordinary | SWAP | Opening Short | 6,000 | 4.5705 GBP | |||
10p ordinary | SWAP | Opening Short | 16,000 | 4.5616 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: | 24 Apr 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||