Last checked at 27 Mar 2024 11:17
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: | 26 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: | 8,753,669 | 0.90% | 7,230,006 | 0.74% | |||
(2) Cash-settled derivatives: | 6,356,182 | 0.65% | 7,355,101 | 0.75% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 15,109,851 | 1.55% | 14,585,107 | 1.50% | |||
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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 | 1899970 | 4.7500 GBP | 4.6740 GBP | |||
10p ordinary | Sale | 1414780 | 4.7490 GBP | 4.6710 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 | 18 | 4.7111 GBP | |||
10p ordinary | SWAP | Closing Short | 30 | 4.7387 GBP | |||
10p ordinary | SWAP | Closing Short | 37 | 4.7408 GBP | |||
10p ordinary | SWAP | Closing Short | 56 | 4.7415 GBP | |||
10p ordinary | SWAP | Closing Short | 239 | 4.7386 GBP | |||
10p ordinary | SWAP | Closing Short | 4,705 | 4.7288 GBP | |||
10p ordinary | SWAP | Closing Short | 16,465 | 4.7430 GBP | |||
10p ordinary | SWAP | Closing Short | 17,919 | 4.7430 GBP | |||
10p ordinary | SWAP | Closing Short | 22,470 | 4.7427 GBP | |||
10p ordinary | SWAP | Closing Short | 28,526 | 4.7430 GBP | |||
10p ordinary | CFD | Decreasing Long | 64 | 4.7429 GBP | |||
10p ordinary | SWAP | Decreasing Long | 70 | 4.7345 GBP | |||
10p ordinary | SWAP | Decreasing Long | 522 | 4.7379 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,421 | 4.7382 GBP | |||
10p ordinary | SWAP | Decreasing Long | 5,909 | 4.7371 GBP | |||
10p ordinary | CFD | Decreasing Long | 29,220 | 4.7206 GBP | |||
10p ordinary | CFD | Decreasing Long | 34,325 | 4.7433 GBP | |||
10p ordinary | SWAP | Decreasing Long | 263,887 | 4.6770 GBP | |||
10p ordinary | SWAP | Decreasing Short | 17 | 4.7120 GBP | |||
10p ordinary | SWAP | Decreasing Short | 137 | 4.7360 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,048 | 4.7418 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,157 | 4.7305 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,789 | 4.7415 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,847 | 4.7036 GBP | |||
10p ordinary | SWAP | Decreasing Short | 17,271 | 4.7328 GBP | |||
10p ordinary | SWAP | Decreasing Short | 70,298 | 4.7358 GBP | |||
10p ordinary | SWAP | Decreasing Short | 92,359 | 4.7340 GBP | |||
10p ordinary | SWAP | Increasing Long | 22 | 4.7345 GBP | |||
10p ordinary | SWAP | Increasing Long | 48 | 4.7345 GBP | |||
10p ordinary | CFD | Increasing Long | 2,447 | 4.6936 GBP | |||
10p ordinary | CFD | Increasing Long | 16,114 | 4.7189 GBP | |||
10p ordinary | CFD | Increasing Long | 20,774 | 4.7369 GBP | |||
10p ordinary | CFD | Increasing Long | 22,612 | 4.7224 GBP | |||
10p ordinary | CFD | Increasing Long | 26,773 | 4.7430 GBP | |||
10p ordinary | SWAP | Increasing Short | 755 | 4.7440 GBP | |||
10p ordinary | SWAP | Increasing Short | 759 | 4.7331 GBP | |||
10p ordinary | SWAP | Increasing Short | 884 | 4.7336 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,270 | 4.7329 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,798 | 4.7305 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,482 | 4.7350 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,852 | 4.7311 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,893 | 4.7396 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,112 | 4.7412 GBP | |||
10p ordinary | SWAP | Increasing Short | 14,713 | 4.7431 GBP | |||
10p ordinary | SWAP | Increasing Short | 16,625 | 4.7361 GBP | |||
10p ordinary | SWAP | Increasing Short | 48,659 | 4.7363 GBP | |||
10p ordinary | SWAP | Increasing Short | 64,398 | 4.7430 GBP | |||
10p ordinary | SWAP | Increasing Short | 381,831 | 4.7369 GBP | |||
10p ordinary | SWAP | Opening Long | 63 | 4.7073 GBP | |||
10p ordinary | SWAP | Opening Long | 398 | 4.6861 GBP | |||
10p ordinary | SWAP | Opening Long | 615 | 4.6891 GBP | |||
10p ordinary | SWAP | Opening Long | 1,498 | 4.6801 GBP | |||
10p ordinary | SWAP | Opening Long | 6,094 | 4.7374 GBP | |||
10p ordinary | SWAP | Opening Long | 8,311 | 4.7335 GBP | |||
10p ordinary | SWAP | Opening Long | 8,315 | 4.7429 GBP | |||
10p ordinary | SWAP | Opening Long | 17,785 | 4.7326 GBP | |||
10p ordinary | SWAP | Opening Long | 28,385 | 4.7352 GBP | |||
10p ordinary | SWAP | Opening Long | 29,816 | 4.7333 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: | 27 Mar 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||