Last checked at 22 May 2024 11:55
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: | 21 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: | 12,643,757 | 1.30% | 5,442,570 | 0.56% | |||
(2) Cash-settled derivatives: | 4,475,171 | 0.46% | 11,348,291 | 1.16% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 17,118,928 | 1.76% | 16,790,861 | 1.72% | |||
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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 | 471525 | 5.1860 GBP | 5.1025 GBP | |||
10p ordinary | Sale | 445757 | 5.1600 GBP | 5.1025 GBP | |||
ADR | Purchase | 60 | 13.0100 USD | 13.0100 USD | |||
ADR | Sale | 60 | 13.0100 USD | 13.0100 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 | CFD | Decreasing Long | 954 | 5.1544 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,200 | 5.1351 GBP | |||
10p ordinary | CFD | Decreasing Long | 9,214 | 5.1044 GBP | |||
10p ordinary | CFD | Decreasing Long | 18,562 | 5.1279 GBP | |||
10p ordinary | CFD | Decreasing Long | 19,301 | 5.1249 GBP | |||
10p ordinary | SWAP | Decreasing Short | 14 | 5.1379 GBP | |||
10p ordinary | SWAP | Decreasing Short | 291 | 5.1540 GBP | |||
10p ordinary | SWAP | Decreasing Short | 479 | 5.1332 GBP | |||
10p ordinary | SWAP | Decreasing Short | 752 | 5.1216 GBP | |||
10p ordinary | SWAP | Decreasing Short | 854 | 5.1280 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,586 | 5.1367 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,160 | 5.1159 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,060 | 5.1381 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,295 | 5.1329 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,240 | 5.1168 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,512 | 5.1039 GBP | |||
10p ordinary | SWAP | Decreasing Short | 26,096 | 5.1540 GBP | |||
10p ordinary | SWAP | Decreasing Short | 34,649 | 5.1045 GBP | |||
10p ordinary | SWAP | Decreasing Short | 48,042 | 5.1336 GBP | |||
10p ordinary | SWAP | Decreasing Short | 125,000 | 5.1198 GBP | |||
10p ordinary | SWAP | Increasing Long | 240 | 5.1180 GBP | |||
10p ordinary | SWAP | Increasing Long | 300 | 5.1340 GBP | |||
10p ordinary | SWAP | Increasing Long | 327 | 5.1460 GBP | |||
10p ordinary | SWAP | Increasing Long | 639 | 5.1414 GBP | |||
10p ordinary | CFD | Increasing Long | 954 | 5.1035 GBP | |||
10p ordinary | SWAP | Increasing Long | 971 | 5.1327 GBP | |||
10p ordinary | CFD | Increasing Long | 1,826 | 5.1039 GBP | |||
10p ordinary | SWAP | Increasing Long | 2,740 | 5.1265 GBP | |||
10p ordinary | SWAP | Increasing Long | 4,534 | 5.1181 GBP | |||
10p ordinary | SWAP | Increasing Long | 5,149 | 5.1270 GBP | |||
10p ordinary | SWAP | Increasing Long | 6,853 | 5.1241 GBP | |||
10p ordinary | SWAP | Increasing Long | 11,940 | 5.1287 GBP | |||
10p ordinary | CFD | Increasing Long | 16,736 | 5.1370 GBP | |||
10p ordinary | SWAP | Increasing Long | 34,476 | 5.1293 GBP | |||
10p ordinary | SWAP | Increasing Long | 51,128 | 5.1039 GBP | |||
10p ordinary | SWAP | Increasing Short | 310 | 5.1369 GBP | |||
10p ordinary | SWAP | Increasing Short | 409 | 5.1280 GBP | |||
10p ordinary | SWAP | Increasing Short | 430 | 5.1500 GBP | |||
10p ordinary | SWAP | Increasing Short | 716 | 5.1300 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,588 | 5.1365 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,323 | 5.1188 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,224 | 5.1357 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,597 | 5.1272 GBP | |||
10p ordinary | SWAP | Increasing Short | 4,609 | 5.1333 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,784 | 5.1384 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,902 | 5.1298 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,243 | 5.1249 GBP | |||
10p ordinary | SWAP | Increasing Short | 10,822 | 5.1290 GBP | |||
10p ordinary | SWAP | Increasing Short | 15,034 | 5.1860 GBP | |||
10p ordinary | SWAP | Increasing Short | 17,392 | 5.1334 GBP | |||
10p ordinary | SWAP | Increasing Short | 18,044 | 5.1278 GBP | |||
10p ordinary | SWAP | Increasing Short | 36,064 | 5.1313 GBP | |||
10p ordinary | SWAP | Increasing Short | 185,477 | 5.1040 GBP | |||
10p ordinary | SWAP | Opening Short | 133 | 5.1160 GBP | |||
10p ordinary | SWAP | Opening Short | 3,351 | 5.1305 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: | 22 May 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||