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%
|
|
|
|
|
|
|
|
|
(b)
|
Rights to subscribe for new securities (including directors
and other executive options)
|
Class of relevant security in relation to
which subscription right exists
|
|
Details, including nature of the rights
concerned and relevant percentages:
|
|
3.
|
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL
TRADER
|
(a)
|
Purchase and sales
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
(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
|
|
|
|
|
|
|
|
|
(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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii)
|
Exercising
|
|
|
|
|
|
|
Class of relevant
security
|
Product
description
|
Exercising/ exercised
against
|
Number of
securities
|
Exercise price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(d)
|
Other dealings (including subscribing for new
securities)
|
Class of relevant
security
|
Nature of
Dealings
|
Details
|
Price per unit (if
applicable)
|
|
|
|
|
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
|