Last checked at 16 May 2024 11:43
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: | 15 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: | 14,122,675 | 1.45% | 5,219,649 | 0.54% | |||
(2) Cash-settled derivatives: | 4,241,918 | 0.44% | 12,805,061 | 1.31% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 18,364,593 | 1.88% | 18,024,710 | 1.85% | |||
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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 | 522402 | 5.1120 GBP | 4.9712 GBP | |||
10p ordinary | Sale | 1054239 | 5.1120 GBP | 4.9765 GBP | |||
ADR | Purchase | 10696 | 12.8436 USD | 12.8436 USD | |||
ADR | Sale | 10696 | 12.8436 USD | 12.8436 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 | 6,679 | 5.0773 GBP | |||
10p ordinary | SWAP | Closing Short | 8,528 | 5.1120 GBP | |||
10p ordinary | SWAP | Decreasing Long | 20 | 5.1120 GBP | |||
10p ordinary | SWAP | Decreasing Long | 228 | 5.0900 GBP | |||
10p ordinary | SWAP | Decreasing Long | 284 | 5.0899 GBP | |||
10p ordinary | SWAP | Decreasing Long | 356 | 5.0422 GBP | |||
10p ordinary | SWAP | Decreasing Long | 550 | 5.0597 GBP | |||
10p ordinary | SWAP | Decreasing Long | 560 | 5.0747 GBP | |||
10p ordinary | CFD | Decreasing Long | 688 | 5.1124 GBP | |||
10p ordinary | SWAP | Decreasing Long | 771 | 5.0578 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,147 | 5.0492 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,167 | 5.0987 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,300 | 5.0493 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,727 | 5.0905 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,854 | 5.0045 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,916 | 5.0476 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,920 | 5.0352 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,335 | 5.0628 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,769 | 5.0585 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,462 | 5.0655 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,880 | 5.0562 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,981 | 5.0836 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,682 | 5.0595 GBP | |||
10p ordinary | SWAP | Decreasing Long | 13,772 | 5.0658 GBP | |||
10p ordinary | SWAP | Decreasing Long | 16,827 | 5.0507 GBP | |||
10p ordinary | CFD | Decreasing Long | 42,775 | 5.0481 GBP | |||
10p ordinary | SWAP | Decreasing Short | 203 | 4.9850 GBP | |||
10p ordinary | SWAP | Decreasing Short | 420 | 5.0815 GBP | |||
10p ordinary | SWAP | Decreasing Short | 546 | 5.0521 GBP | |||
10p ordinary | SWAP | Decreasing Short | 630 | 5.0251 GBP | |||
10p ordinary | SWAP | Decreasing Short | 700 | 5.0928 GBP | |||
10p ordinary | SWAP | Decreasing Short | 970 | 5.0610 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,694 | 5.0962 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,302 | 5.0245 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,667 | 5.0731 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,724 | 5.1036 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,870 | 5.1118 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,174 | 5.0460 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,874 | 5.0708 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,605 | 5.1027 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,163 | 5.0487 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,830 | 5.1011 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8,144 | 5.0298 GBP | |||
10p ordinary | SWAP | Decreasing Short | 13,751 | 5.0972 GBP | |||
10p ordinary | SWAP | Decreasing Short | 14,875 | 5.0381 GBP | |||
10p ordinary | SWAP | Decreasing Short | 22,871 | 5.0675 GBP | |||
10p ordinary | SWAP | Decreasing Short | 22,949 | 5.0676 GBP | |||
10p ordinary | SWAP | Decreasing Short | 30,206 | 5.0792 GBP | |||
10p ordinary | SWAP | Decreasing Short | 31,903 | 5.0758 GBP | |||
10p ordinary | SWAP | Decreasing Short | 41,982 | 5.0706 GBP | |||
10p ordinary | SWAP | Decreasing Short | 43,570 | 5.0948 GBP | |||
10p ordinary | SWAP | Decreasing Short | 47,620 | 5.1119 GBP | |||
10p ordinary | SWAP | Decreasing Short | 87,339 | 5.0729 GBP | |||
10p ordinary | SWAP | Decreasing Short | 114,950 | 5.1120 GBP | |||
10p ordinary | SWAP | Decreasing Short | 159,020 | 5.1117 GBP | |||
10p ordinary | CFD | Increasing Long | 1,743 | 5.1041 GBP | |||
10p ordinary | CFD | Increasing Long | 2,512 | 5.0281 GBP | |||
10p ordinary | CFD | Increasing Long | 3,032 | 5.0983 GBP | |||
10p ordinary | CFD | Increasing Long | 3,504 | 5.1115 GBP | |||
10p ordinary | CFD | Increasing Long | 11,384 | 5.0942 GBP | |||
10p ordinary | CFD | Increasing Long | 15,207 | 5.0140 GBP | |||
10p ordinary | CFD | Increasing Long | 25,056 | 5.1119 GBP | |||
10p ordinary | SWAP | Increasing Short | 98 | 5.0228 GBP | |||
10p ordinary | SWAP | Increasing Short | 227 | 5.0260 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,296 | 5.0112 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,410 | 5.0109 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,482 | 5.0286 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,600 | 5.0662 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,037 | 5.0359 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,325 | 5.0940 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,208 | 5.0535 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,736 | 5.0140 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,379 | 5.1069 GBP | |||
10p ordinary | SWAP | Increasing Short | 17,130 | 5.1083 GBP | |||
10p ordinary | SWAP | Increasing Short | 18,777 | 5.1120 GBP | |||
10p ordinary | SWAP | Increasing Short | 21,245 | 5.0958 GBP | |||
10p ordinary | SWAP | Increasing Short | 56,201 | 5.0525 GBP | |||
10p ordinary | SWAP | Opening Long | 383 | 5.0040 GBP | |||
10p ordinary | SWAP | Opening Short | 474 | 5.0615 GBP | |||
10p ordinary | SWAP | Opening Short | 861 | 5.1122 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: | 16 May 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||