Last checked at 5 Apr 2024 10:19
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: | 04 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: | 9,716,139 | 1.00% | 5,623,731 | 0.58% | |||
(2) Cash-settled derivatives: | 4,728,163 | 0.49% | 8,316,832 | 0.85% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 14,444,302 | 1.48% | 13,940,563 | 1.43% | |||
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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 | 501594 | 4.7300 GBP | 4.6650 GBP | |||
10p ordinary | Sale | 758488 | 4.7300 GBP | 4.6610 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 | Closing Short | 24,154 | 4.7300 GBP | |||
10p ordinary | SWAP | Closing Short | 33,997 | 4.6809 GBP | |||
10p ordinary | SWAP | Closing Short | 54,558 | 4.7299 GBP | |||
10p ordinary | SWAP | Closing Short | 58,167 | 4.7279 GBP | |||
10p ordinary | CFD | Decreasing Long | 281 | 4.6753 GBP | |||
10p ordinary | SWAP | Decreasing Long | 456 | 4.7196 GBP | |||
10p ordinary | SWAP | Decreasing Long | 489 | 4.6958 GBP | |||
10p ordinary | SWAP | Decreasing Long | 978 | 4.7065 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,172 | 4.6790 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,237 | 4.7303 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,360 | 4.6698 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,710 | 4.7146 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,186 | 4.6690 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,501 | 4.6814 GBP | |||
10p ordinary | CFD | Decreasing Long | 4,116 | 4.7094 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,478 | 4.6825 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,129 | 4.6788 GBP | |||
10p ordinary | SWAP | Decreasing Long | 7,797 | 4.6762 GBP | |||
10p ordinary | SWAP | Decreasing Long | 13,508 | 4.7035 GBP | |||
10p ordinary | CFD | Decreasing Long | 22,798 | 4.7050 GBP | |||
10p ordinary | SWAP | Decreasing Long | 29,485 | 4.7300 GBP | |||
10p ordinary | CFD | Decreasing Long | 30,280 | 4.7300 GBP | |||
10p ordinary | SWAP | Decreasing Short | 424 | 4.7230 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,192 | 4.6712 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,366 | 4.6783 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,706 | 4.6792 GBP | |||
10p ordinary | SWAP | Decreasing Short | 10,643 | 4.7300 GBP | |||
10p ordinary | SWAP | Decreasing Short | 21,702 | 4.7006 GBP | |||
10p ordinary | SWAP | Decreasing Short | 26,068 | 4.7023 GBP | |||
10p ordinary | SWAP | Decreasing Short | 39,998 | 4.6910 GBP | |||
10p ordinary | SWAP | Decreasing Short | 117,421 | 4.6878 GBP | |||
10p ordinary | CFD | Increasing Long | 2 | 4.7300 GBP | |||
10p ordinary | SWAP | Increasing Long | 312 | 4.6903 GBP | |||
10p ordinary | SWAP | Increasing Long | 395 | 4.7049 GBP | |||
10p ordinary | CFD | Increasing Long | 975 | 4.6610 GBP | |||
10p ordinary | CFD | Increasing Long | 1,237 | 4.6656 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,496 | 4.7069 GBP | |||
10p ordinary | CFD | Increasing Long | 1,888 | 4.7118 GBP | |||
10p ordinary | SWAP | Increasing Long | 10,112 | 4.7299 GBP | |||
10p ordinary | CFD | Increasing Long | 33,128 | 4.6850 GBP | |||
10p ordinary | CFD | Increasing Long | 34,321 | 4.6851 GBP | |||
10p ordinary | CFD | Increasing Long | 36,252 | 4.6884 GBP | |||
10p ordinary | SWAP | Increasing Short | 767 | 4.6903 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,552 | 4.6898 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,909 | 4.6771 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,950 | 4.6757 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,676 | 4.6818 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,999 | 4.7300 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,193 | 4.7101 GBP | |||
10p ordinary | SWAP | Increasing Short | 20,656 | 4.6817 GBP | |||
10p ordinary | SWAP | Increasing Short | 26,568 | 4.7272 GBP | |||
10p ordinary | SWAP | Opening Short | 124 | 4.7083 GBP | |||
10p ordinary | SWAP | Opening Short | 7,415 | 4.7302 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: | 05 Apr 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||