Last checked at 28 Mar 2024 09:36
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: | 27 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: | 9,454,812 | 0.97% | 5,588,740 | 0.57% | |||
(2) Cash-settled derivatives: | 4,720,025 | 0.48% | 8,098,712 | 0.83% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 14,174,837 | 1.45% | 13,687,452 | 1.40% | |||
| |||||||
(b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
Class of relevant security in relation to which subscription right exists |
| ||||||
Details, including nature of the rights concerned and relevant percentages: |
| ||||||
3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchase and sales |
| |||||
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 | 3620167 | 4.7770 GBP | 4.7180 GBP | |||
10p ordinary | Sale | 1277764 | 4.7770 GBP | 4.7094 GBP | |||
| |||||||
(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 | 15,297 | 4.7530 GBP | |||
10p ordinary | CFD | Decreasing Long | 2 | 4.7350 GBP | |||
10p ordinary | CFD | Decreasing Long | 349 | 4.7540 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,360 | 4.7401 GBP | |||
10p ordinary | CFD | Decreasing Long | 3,730 | 4.7666 GBP | |||
10p ordinary | CFD | Decreasing Long | 17,074 | 4.7380 GBP | |||
10p ordinary | CFD | Decreasing Long | 17,644 | 4.7544 GBP | |||
10p ordinary | CFD | Decreasing Long | 26,765 | 4.7543 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,756,400 | 4.7335 GBP | |||
10p ordinary | SWAP | Decreasing Short | 17 | 4.7715 GBP | |||
10p ordinary | SWAP | Decreasing Short | 27 | 4.7615 GBP | |||
10p ordinary | SWAP | Decreasing Short | 55 | 4.7735 GBP | |||
10p ordinary | SWAP | Decreasing Short | 151 | 4.7708 GBP | |||
10p ordinary | SWAP | Decreasing Short | 216 | 4.7681 GBP | |||
10p ordinary | SWAP | Decreasing Short | 390 | 4.7517 GBP | |||
10p ordinary | SWAP | Decreasing Short | 551 | 4.7700 GBP | |||
10p ordinary | SWAP | Decreasing Short | 551 | 4.7560 GBP | |||
10p ordinary | SWAP | Decreasing Short | 700 | 4.7612 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,934 | 4.7666 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,939 | 4.7600 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,234 | 4.7609 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,039 | 4.7539 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,083 | 4.7517 GBP | |||
10p ordinary | SWAP | Decreasing Short | 20,182 | 4.7684 GBP | |||
10p ordinary | SWAP | Decreasing Short | 43,075 | 4.7536 GBP | |||
10p ordinary | SWAP | Decreasing Short | 50,722 | 4.7589 GBP | |||
10p ordinary | SWAP | Decreasing Short | 96,733 | 4.7583 GBP | |||
10p ordinary | SWAP | Decreasing Short | 110,718 | 4.7584 GBP | |||
10p ordinary | SWAP | Increasing Long | 626 | 4.7693 GBP | |||
10p ordinary | CFD | Increasing Long | 715 | 4.7416 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,628 | 4.7557 GBP | |||
10p ordinary | CFD | Increasing Long | 1,823 | 4.7539 GBP | |||
10p ordinary | SWAP | Increasing Long | 2,163 | 4.7609 GBP | |||
10p ordinary | SWAP | Increasing Long | 2,492 | 4.7565 GBP | |||
10p ordinary | SWAP | Increasing Long | 3,584 | 4.7536 GBP | |||
10p ordinary | CFD | Increasing Long | 5,945 | 4.7319 GBP | |||
10p ordinary | CFD | Increasing Long | 7,649 | 4.7540 GBP | |||
10p ordinary | CFD | Increasing Long | 12,305 | 4.7406 GBP | |||
10p ordinary | CFD | Increasing Long | 26,067 | 4.7678 GBP | |||
10p ordinary | CFD | Increasing Long | 28,137 | 4.7626 GBP | |||
10p ordinary | SWAP | Increasing Long | 67,063 | 4.7539 GBP | |||
10p ordinary | SWAP | Increasing Short | 218 | 4.7498 GBP | |||
10p ordinary | SWAP | Increasing Short | 495 | 4.7497 GBP | |||
10p ordinary | SWAP | Increasing Short | 516 | 4.7594 GBP | |||
10p ordinary | SWAP | Increasing Short | 594 | 4.7705 GBP | |||
10p ordinary | SWAP | Increasing Short | 712 | 4.7670 GBP | |||
10p ordinary | SWAP | Increasing Short | 819 | 4.7553 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,628 | 4.7487 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,753 | 4.7451 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,335 | 4.7673 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,535 | 4.7486 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,925 | 4.7741 GBP | |||
10p ordinary | SWAP | Increasing Short | 8,236 | 4.7738 GBP | |||
10p ordinary | SWAP | Increasing Short | 8,288 | 4.7744 GBP | |||
10p ordinary | SWAP | Increasing Short | 10,000 | 4.7434 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,668 | 4.7650 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,471 | 4.7666 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,781 | 4.7736 GBP | |||
10p ordinary | SWAP | Increasing Short | 14,484 | 4.7274 GBP | |||
10p ordinary | SWAP | Increasing Short | 16,726 | 4.7534 GBP | |||
10p ordinary | SWAP | Increasing Short | 17,323 | 4.7621 GBP | |||
10p ordinary | SWAP | Increasing Short | 17,704 | 4.7412 GBP | |||
10p ordinary | SWAP | Increasing Short | 21,458 | 4.7419 GBP | |||
10p ordinary | SWAP | Increasing Short | 25,863 | 4.7742 GBP | |||
10p ordinary | SWAP | Increasing Short | 26,252 | 4.7667 GBP | |||
10p ordinary | SWAP | Increasing Short | 38,051 | 4.7527 GBP | |||
10p ordinary | SWAP | Increasing Short | 42,685 | 4.7616 GBP | |||
10p ordinary | SWAP | Increasing Short | 48,638 | 4.7482 GBP | |||
10p ordinary | SWAP | Increasing Short | 56,789 | 4.7564 GBP | |||
10p ordinary | SWAP | Increasing Short | 67,331 | 4.7539 GBP | |||
10p ordinary | SWAP | Increasing Short | 76,849 | 4.7637 GBP | |||
10p ordinary | SWAP | Increasing Short | 78,223 | 4.7318 GBP | |||
10p ordinary | SWAP | Increasing Short | 106,468 | 4.7549 GBP | |||
10p ordinary | SWAP | Increasing Short | 111,379 | 4.7540 GBP | |||
10p ordinary | SWAP | Increasing Short | 119,033 | 4.7474 GBP | |||
10p ordinary | SWAP | Increasing Short | 125,995 | 4.7638 GBP | |||
10p ordinary | SWAP | Opening Long | 26,970 | 4.7528 GBP | |||
| |||||||
(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 |
|
|
|
|
|
|
|
|
| |||||||
(ii) | Exercising |
| |||||
Class of relevant security | Product description | Exercising/ exercised against | Number of securities | Exercise price per unit | |||
|
|
|
|
| |||
| |||||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant security | Nature of Dealings | Details | Price per unit (if applicable) | ||||
|
|
|
| ||||
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: | 28 Mar 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||