Last checked at 24 May 2024 11:30
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 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: | 12,493,686 | 1.28% | 5,502,443 | 0.56% | |||
(2) Cash-settled derivatives: | 4,690,517 | 0.48% | 11,144,158 | 1.14% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 17,184,203 | 1.76% | 16,646,601 | 1.71% | |||
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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 | 698288 | 5.1020 GBP | 4.9635 GBP | |||
10p ordinary | Sale | 1130763 | 5.1020 GBP | 4.9640 GBP | |||
ADR | Purchase | 2020 | 12.8800 USD | 12.8700 USD | |||
ADR | Sale | 2020 | 12.8800 USD | 12.8700 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 | Closing Short | 1,571 | 5.0887 GBP | |||
10p ordinary | SWAP | Closing Short | 9,196 | 5.0860 GBP | |||
10p ordinary | SWAP | Closing Short | 9,583 | 5.0937 GBP | |||
10p ordinary | SWAP | Closing Short | 13,224 | 5.0881 GBP | |||
10p ordinary | SWAP | Closing Short | 17,281 | 5.0896 GBP | |||
10p ordinary | SWAP | Closing Short | 17,456 | 5.0742 GBP | |||
10p ordinary | SWAP | Closing Short | 20,320 | 5.0475 GBP | |||
10p ordinary | SWAP | Closing Short | 21,352 | 5.0800 GBP | |||
10p ordinary | SWAP | Closing Short | 24,282 | 5.0865 GBP | |||
10p ordinary | SWAP | Closing Short | 24,658 | 5.0902 GBP | |||
10p ordinary | SWAP | Closing Short | 26,731 | 5.0889 GBP | |||
10p ordinary | SWAP | Closing Short | 32,166 | 5.0871 GBP | |||
10p ordinary | SWAP | Closing Short | 69,949 | 5.0678 GBP | |||
10p ordinary | SWAP | Closing Short | 78,893 | 5.0835 GBP | |||
10p ordinary | SWAP | Closing Short | 144,189 | 4.9910 GBP | |||
10p ordinary | CFD | Decreasing Long | 381 | 5.0009 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,182 | 4.9791 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,668 | 5.0760 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,094 | 5.0888 GBP | |||
10p ordinary | CFD | Decreasing Long | 3,370 | 5.0680 GBP | |||
10p ordinary | SWAP | Decreasing Long | 5,666 | 5.0880 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,057 | 5.0686 GBP | |||
10p ordinary | CFD | Decreasing Long | 6,624 | 5.0684 GBP | |||
10p ordinary | SWAP | Decreasing Long | 7,752 | 5.0644 GBP | |||
10p ordinary | SWAP | Decreasing Long | 10,635 | 5.0730 GBP | |||
10p ordinary | SWAP | Decreasing Long | 28,146 | 5.0680 GBP | |||
10p ordinary | SWAP | Decreasing Long | 35,730 | 5.0676 GBP | |||
10p ordinary | SWAP | Decreasing Short | 366 | 5.0365 GBP | |||
10p ordinary | SWAP | Decreasing Short | 470 | 4.9910 GBP | |||
10p ordinary | SWAP | Decreasing Short | 574 | 5.0080 GBP | |||
10p ordinary | SWAP | Decreasing Short | 574 | 5.0220 GBP | |||
10p ordinary | SWAP | Decreasing Short | 943 | 4.9962 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,281 | 5.0236 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,040 | 5.0403 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,571 | 5.0576 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,240 | 5.0479 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,118 | 5.0792 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,678 | 5.0844 GBP | |||
10p ordinary | SWAP | Decreasing Short | 11,637 | 5.0921 GBP | |||
10p ordinary | SWAP | Decreasing Short | 11,913 | 5.0819 GBP | |||
10p ordinary | SWAP | Decreasing Short | 14,179 | 5.0777 GBP | |||
10p ordinary | SWAP | Decreasing Short | 15,720 | 5.0842 GBP | |||
10p ordinary | SWAP | Decreasing Short | 19,784 | 5.0807 GBP | |||
10p ordinary | SWAP | Decreasing Short | 19,973 | 5.0648 GBP | |||
10p ordinary | SWAP | Decreasing Short | 20,160 | 5.0676 GBP | |||
10p ordinary | SWAP | Decreasing Short | 22,301 | 5.0799 GBP | |||
10p ordinary | SWAP | Decreasing Short | 27,434 | 5.0750 GBP | |||
10p ordinary | SWAP | Decreasing Short | 30,100 | 5.0719 GBP | |||
10p ordinary | SWAP | Decreasing Short | 48,977 | 5.0835 GBP | |||
10p ordinary | SWAP | Decreasing Short | 49,133 | 5.0679 GBP | |||
10p ordinary | SWAP | Decreasing Short | 69,808 | 5.0805 GBP | |||
10p ordinary | CFD | Increasing Long | 2,692 | 5.0552 GBP | |||
10p ordinary | CFD | Increasing Long | 3,751 | 5.0052 GBP | |||
10p ordinary | CFD | Increasing Long | 9,926 | 5.0774 GBP | |||
10p ordinary | SWAP | Increasing Long | 10,635 | 5.0730 GBP | |||
10p ordinary | CFD | Increasing Long | 10,907 | 5.0761 GBP | |||
10p ordinary | SWAP | Increasing Short | 78 | 5.0970 GBP | |||
10p ordinary | SWAP | Increasing Short | 159 | 4.9790 GBP | |||
10p ordinary | SWAP | Increasing Short | 389 | 5.0050 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,752 | 5.0564 GBP | |||
10p ordinary | SWAP | Increasing Short | 14,994 | 5.0680 GBP | |||
10p ordinary | SWAP | Increasing Short | 23,191 | 4.9838 GBP | |||
10p ordinary | SWAP | Increasing Short | 23,701 | 5.0611 GBP | |||
10p ordinary | SWAP | Increasing Short | 49,675 | 5.0771 GBP | |||
10p ordinary | SWAP | Increasing Short | 109,455 | 5.0520 GBP | |||
10p ordinary | SWAP | Opening Long | 119 | 4.9823 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 May 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||