Last checked at 15 May 2024 11:27
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: | 14 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: | 14,703,925 | 1.51% | 5,268,582 | 0.54% | |||
(2) Cash-settled derivatives: | 4,288,068 | 0.44% | 13,348,976 | 1.37% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 18,991,993 | 1.95% | 18,617,558 | 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 | 601036 | 4.9950 GBP | 4.9011 GBP | |||
10p ordinary | Sale | 628061 | 4.9979 GBP | 4.9040 GBP | |||
ADR | Purchase | 4000 | 12.4700 USD | 12.4700 USD | |||
ADR | Sale | 4000 | 12.4700 USD | 12.4700 USD | |||
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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 | 62 | 4.9115 GBP | |||
10p ordinary | SWAP | Decreasing Long | 62 | 4.9081 GBP | |||
10p ordinary | SWAP | Decreasing Long | 353 | 4.9099 GBP | |||
10p ordinary | SWAP | Decreasing Long | 766 | 4.9100 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,451 | 4.9494 GBP | |||
10p ordinary | SWAP | Decreasing Long | 8,476 | 4.9287 GBP | |||
10p ordinary | SWAP | Decreasing Long | 17,165 | 4.9575 GBP | |||
10p ordinary | CFD | Decreasing Long | 17,787 | 4.9536 GBP | |||
10p ordinary | CFD | Decreasing Long | 66,217 | 4.9490 GBP | |||
10p ordinary | CFD | Decreasing Long | 136,435 | 4.9703 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2 | 4.9590 GBP | |||
10p ordinary | SWAP | Decreasing Short | 13 | 4.9979 GBP | |||
10p ordinary | SWAP | Decreasing Short | 80 | 4.9768 GBP | |||
10p ordinary | SWAP | Decreasing Short | 628 | 4.9458 GBP | |||
10p ordinary | SWAP | Decreasing Short | 893 | 4.9589 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,002 | 4.9648 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,102 | 4.9800 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,424 | 4.9144 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,819 | 4.9154 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,231 | 4.9590 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,241 | 4.9957 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,318 | 4.9290 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,373 | 4.9328 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,602 | 4.9698 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8,554 | 4.9451 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8,991 | 4.9662 GBP | |||
10p ordinary | SWAP | Decreasing Short | 13,891 | 4.9827 GBP | |||
10p ordinary | SWAP | Decreasing Short | 14,896 | 4.9575 GBP | |||
10p ordinary | SWAP | Decreasing Short | 17,984 | 4.9692 GBP | |||
10p ordinary | SWAP | Decreasing Short | 36,865 | 4.9583 GBP | |||
10p ordinary | SWAP | Decreasing Short | 77,363 | 4.9690 GBP | |||
10p ordinary | SWAP | Decreasing Short | 156,692 | 4.9724 GBP | |||
10p ordinary | CFD | Increasing Long | 507 | 4.9589 GBP | |||
10p ordinary | CFD | Increasing Long | 3,768 | 4.9673 GBP | |||
10p ordinary | CFD | Increasing Long | 4,000 | 4.9796 GBP | |||
10p ordinary | CFD | Increasing Long | 6,517 | 4.9816 GBP | |||
10p ordinary | CFD | Increasing Long | 6,924 | 4.9762 GBP | |||
10p ordinary | CFD | Increasing Long | 11,172 | 4.9730 GBP | |||
10p ordinary | CFD | Increasing Long | 17,280 | 4.9090 GBP | |||
10p ordinary | SWAP | Increasing Short | 11 | 4.9081 GBP | |||
10p ordinary | SWAP | Increasing Short | 18 | 4.9880 GBP | |||
10p ordinary | SWAP | Increasing Short | 21 | 4.9240 GBP | |||
10p ordinary | SWAP | Increasing Short | 683 | 4.9063 GBP | |||
10p ordinary | SWAP | Increasing Short | 764 | 4.9670 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,247 | 4.9176 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,330 | 4.9624 GBP | |||
10p ordinary | SWAP | Increasing Short | 4,449 | 4.9697 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,949 | 4.9532 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,230 | 4.9463 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,929 | 4.9656 GBP | |||
10p ordinary | SWAP | Increasing Short | 13,970 | 4.9590 GBP | |||
10p ordinary | SWAP | Increasing Short | 15,398 | 4.9311 GBP | |||
10p ordinary | SWAP | Increasing Short | 64,641 | 4.9604 GBP | |||
10p ordinary | SWAP | Opening Short | 1,216 | 4.9062 GBP | |||
10p ordinary | SWAP | Opening Short | 35,405 | 4.9425 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: | 15 May 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||