Last checked at 29 Feb 2024 13:19
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: | REDROW PLC | |||||
(c) | Name of the party to the offer with which exempt principal trader is connected | REDROW PLC | |||||
(d) | Date position held/dealing undertaken: | 28 Feb 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: BARRATT DEVELOPMENTS 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: | 10.5p ordinary | ||||||
Interests | Short Positions | ||||||
Number | (%) | Number | (%) | ||||
(1) Relevant securities owned and/or controlled: | 7,011,636 | 2.12% | 2,618,994 | 0.79% | |||
(2) Cash-settled derivatives: | 1,343,190 | 0.41% | 6,867,508 | 2.08% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 8,354,826 | 2.53% | 9,486,502 | 2.87% | |||
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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 | |||
10.5p ordinary | Purchase | 497349 | 6.4750 GBP | 6.3300 GBP | |||
10.5p ordinary | Sale | 105561 | 6.6750 GBP | 6.3300 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 | |||
10.5p ordinary | SWAP | Decreasing Long | 142 | 6.4100 GBP | |||
10.5p ordinary | SWAP | Decreasing Long | 207 | 6.4031 GBP | |||
10.5p ordinary | SWAP | Decreasing Long | 248 | 6.4999 GBP | |||
10.5p ordinary | SWAP | Decreasing Long | 369 | 6.4149 GBP | |||
10.5p ordinary | SWAP | Decreasing Long | 511 | 6.3961 GBP | |||
10.5p ordinary | SWAP | Decreasing Long | 979 | 6.4750 GBP | |||
10.5p ordinary | SWAP | Decreasing Short | 2 | 6.6750 GBP | |||
10.5p ordinary | SWAP | Decreasing Short | 21,098 | 6.3895 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 441 | 6.3900 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 462 | 6.4366 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 550 | 6.4600 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 1,038 | 6.4359 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 2,498 | 6.4158 GBP | |||
10.5p ordinary | CFD | Increasing Short | 6,710 | 6.4054 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 6,987 | 6.4171 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 10,030 | 6.4056 GBP | |||
10.5p ordinary | CFD | Increasing Short | 13,310 | 6.4304 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 15,835 | 6.3997 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 17,302 | 6.4025 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 39,211 | 6.4114 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 64,035 | 6.3813 GBP | |||
10.5p ordinary | SWAP | Increasing Short | 232,023 | 6.3300 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: | 29 Feb 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||