Last checked at 9 Apr 2024 11:03
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: | 08 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: | 9,551,508 | 0.98% | 5,650,927 | 0.58% | |||
(2) Cash-settled derivatives: | 4,812,934 | 0.49% | 8,225,875 | 0.84% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 14,364,442 | 1.47% | 13,876,802 | 1.42% | |||
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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 | 359830 | 4.7214 GBP | 4.6505 GBP | |||
10p ordinary | Sale | 453003 | 4.7246 GBP | 4.6510 GBP | |||
ADR | Purchase | 3000 | 11.8800 USD | 11.8800 USD | |||
ADR | Sale | 3000 | 11.8800 USD | 11.8800 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 | 150 | 4.7020 GBP | |||
10p ordinary | SWAP | Closing Short | 628 | 4.7036 GBP | |||
10p ordinary | SWAP | Closing Short | 653 | 4.6779 GBP | |||
10p ordinary | SWAP | Closing Short | 713 | 4.6817 GBP | |||
10p ordinary | SWAP | Closing Short | 919 | 4.7214 GBP | |||
10p ordinary | SWAP | Closing Short | 1,162 | 4.7134 GBP | |||
10p ordinary | SWAP | Closing Short | 1,206 | 4.7146 GBP | |||
10p ordinary | SWAP | Closing Short | 2,103 | 4.7110 GBP | |||
10p ordinary | SWAP | Closing Short | 3,301 | 4.7150 GBP | |||
10p ordinary | SWAP | Closing Short | 3,738 | 4.7070 GBP | |||
10p ordinary | SWAP | Closing Short | 4,438 | 4.6708 GBP | |||
10p ordinary | SWAP | Decreasing Long | 112 | 4.7014 GBP | |||
10p ordinary | CFD | Decreasing Long | 968 | 4.6493 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,280 | 4.6891 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,047 | 4.7174 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,808 | 4.6895 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,284 | 4.6986 GBP | |||
10p ordinary | CFD | Decreasing Long | 16,093 | 4.7069 GBP | |||
10p ordinary | CFD | Decreasing Long | 41,318 | 4.6932 GBP | |||
10p ordinary | SWAP | Decreasing Short | 225 | 4.6490 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,778 | 4.6692 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,354 | 4.6913 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,622 | 4.6928 GBP | |||
10p ordinary | SWAP | Decreasing Short | 11,724 | 4.7054 GBP | |||
10p ordinary | SWAP | Decreasing Short | 54,218 | 4.7111 GBP | |||
10p ordinary | CFD | Increasing Long | 500 | 4.7126 GBP | |||
10p ordinary | CFD | Increasing Long | 3,468 | 4.7118 GBP | |||
10p ordinary | CFD | Increasing Long | 5,000 | 4.7095 GBP | |||
10p ordinary | CFD | Increasing Long | 6,554 | 4.7070 GBP | |||
10p ordinary | CFD | Increasing Long | 6,854 | 4.6659 GBP | |||
10p ordinary | CFD | Increasing Long | 14,116 | 4.7186 GBP | |||
10p ordinary | CFD | Increasing Long | 22,198 | 4.7130 GBP | |||
10p ordinary | CFD | Increasing Long | 50,579 | 4.6834 GBP | |||
10p ordinary | SWAP | Increasing Short | 44 | 4.7150 GBP | |||
10p ordinary | SWAP | Increasing Short | 309 | 4.6870 GBP | |||
10p ordinary | SWAP | Increasing Short | 324 | 4.6560 GBP | |||
10p ordinary | SWAP | Increasing Short | 332 | 4.7092 GBP | |||
10p ordinary | SWAP | Increasing Short | 663 | 4.6941 GBP | |||
10p ordinary | SWAP | Increasing Short | 858 | 4.6937 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,741 | 4.7070 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,801 | 4.6902 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,377 | 4.6957 GBP | |||
10p ordinary | SWAP | Increasing Short | 4,696 | 4.7072 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,492 | 4.6853 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,518 | 4.6991 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,744 | 4.6759 GBP | |||
10p ordinary | SWAP | Increasing Short | 18,753 | 4.7032 GBP | |||
10p ordinary | SWAP | Opening Long | 17 | 4.7069 GBP | |||
10p ordinary | SWAP | Opening Long | 152 | 4.7185 GBP | |||
10p ordinary | SWAP | Opening Long | 359 | 4.7246 GBP | |||
10p ordinary | SWAP | Opening Long | 499 | 4.7229 GBP | |||
10p ordinary | SWAP | Opening Long | 1,203 | 4.7192 GBP | |||
10p ordinary | SWAP | Opening Long | 1,318 | 4.7143 GBP | |||
10p ordinary | SWAP | Opening Long | 17,357 | 4.7190 GBP | |||
10p ordinary | SWAP | Opening Long | 23,824 | 4.7153 GBP | |||
10p ordinary | SWAP | Opening Short | 9,644 | 4.7178 GBP | |||
10p ordinary | SWAP | Opening Short | 24,044 | 4.6980 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: | 09 Apr 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||