Last checked at 19 Mar 2024 11:45
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: | 18 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: | 7,782,579 | 0.80% | 8,202,363 | 0.84% | |||
(2) Cash-settled derivatives: | 7,210,658 | 0.74% | 6,304,050 | 0.65% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 14,993,237 | 1.54% | 14,506,413 | 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 | 275943 | 4.7878 GBP | 4.7136 GBP | |||
10p ordinary | Sale | 299483 | 4.7788 GBP | 4.7058 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 | 5 | 4.7710 GBP | |||
10p ordinary | SWAP | Decreasing Long | 41 | 4.7802 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,527 | 4.7747 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,893 | 4.7689 GBP | |||
10p ordinary | CFD | Decreasing Long | 2,385 | 4.7570 GBP | |||
10p ordinary | CFD | Decreasing Long | 2,647 | 4.7620 GBP | |||
10p ordinary | CFD | Decreasing Long | 3,027 | 4.7519 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,684 | 4.7686 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,789 | 4.7883 GBP | |||
10p ordinary | CFD | Decreasing Long | 4,424 | 4.7328 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,422 | 4.7850 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,446 | 4.7772 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,472 | 4.7663 GBP | |||
10p ordinary | SWAP | Decreasing Long | 15,489 | 4.7702 GBP | |||
10p ordinary | SWAP | Decreasing Long | 17,866 | 4.7893 GBP | |||
10p ordinary | SWAP | Decreasing Short | 104 | 4.7360 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,466 | 4.7753 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,319 | 4.7536 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8,163 | 4.7620 GBP | |||
10p ordinary | SWAP | Decreasing Short | 16,642 | 4.7695 GBP | |||
10p ordinary | SWAP | Decreasing Short | 22,778 | 4.7709 GBP | |||
10p ordinary | SWAP | Decreasing Short | 24,355 | 4.7168 GBP | |||
10p ordinary | SWAP | Decreasing Short | 58,172 | 4.7788 GBP | |||
10p ordinary | SWAP | Increasing Long | 168 | 4.7434 GBP | |||
10p ordinary | CFD | Increasing Long | 576 | 4.7280 GBP | |||
10p ordinary | SWAP | Increasing Long | 767 | 4.7225 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,364 | 4.7436 GBP | |||
10p ordinary | SWAP | Increasing Long | 2,636 | 4.7435 GBP | |||
10p ordinary | CFD | Increasing Long | 3,605 | 4.7490 GBP | |||
10p ordinary | SWAP | Increasing Long | 4,100 | 4.7302 GBP | |||
10p ordinary | CFD | Increasing Long | 5,358 | 4.7373 GBP | |||
10p ordinary | CFD | Increasing Long | 24,139 | 4.7354 GBP | |||
10p ordinary | CFD | Increasing Long | 59,495 | 4.7460 GBP | |||
10p ordinary | SWAP | Increasing Short | 411 | 4.7550 GBP | |||
10p ordinary | SWAP | Increasing Short | 593 | 4.7715 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,642 | 4.7592 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,835 | 4.7584 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,064 | 4.7216 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,468 | 4.7605 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,500 | 4.7872 GBP | |||
10p ordinary | SWAP | Increasing Short | 10,411 | 4.7150 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,891 | 4.7569 GBP | |||
10p ordinary | SWAP | Increasing Short | 17,372 | 4.7150 GBP | |||
10p ordinary | SWAP | Increasing Short | 20,545 | 4.7244 GBP | |||
10p ordinary | SWAP | Increasing Short | 47,220 | 4.7518 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: | 19 Mar 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||