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")
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1.
|
KEY
INFORMATION
|
(a)
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Name of exempt principal trader:
|
BARCLAYS CAPITAL SECURITIES LTD
|
(b)
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Name of offeror/offeree in relation to whose
relevant securities this form relates:
|
BARRATT DEVELOPMENTS PLC
|
(c)
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Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
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Date position held/dealing undertaken:
|
24 Jul 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:
|
10,546,960
|
1.08%
|
4,939,396
|
0.51%
|
(2)
Cash-settled derivatives:
|
3,926,764
|
0.40%
|
9,188,792
|
0.94%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
14,473,724
|
1.49%
|
14,128,188
|
1.45%
|
|
|
|
|
|
|
|
|
(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
|
955844
|
5.0700
GBP
|
4.9460
GBP
|
10p
ordinary
|
Sale
|
1296835
|
5.0726
GBP
|
4.9482
GBP
|
|
|
|
|
|
|
|
|
(b)
|
Cash-settled derivative transactions
|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
10p
ordinary
|
SWAP
|
Opening
Long
|
1,100
|
4.9943
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
100
|
4.9940
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
8,924
|
4.9633
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
67
|
5.0091
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
4,832
|
5.0171
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
404
|
5.0237
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
418
|
5.0336
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
10,000
|
5.0655
GBP
|
10p
ordinary
|
CFD
|
Opening
Long
|
56,898
|
5.0660
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
12,412
|
4.9842
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
8,302
|
4.9885
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
18,627
|
5.0273
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,696
|
4.9698
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
77
|
5.0040
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
47,442
|
5.0361
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
5,869
|
5.0660
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
8
|
4.9500
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
10,397
|
5.0331
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,490
|
5.0066
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,190
|
5.0216
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
680
|
5.0257
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
508
|
5.0283
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
900
|
5.0337
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
736
|
5.0356
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
704
|
5.0428
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
616
|
5.0457
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
44,538
|
5.0620
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
10
|
5.0662
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
31,250
|
4.9560
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
895
|
4.9702
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,121
|
4.9714
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
83,195
|
5.0089
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
40,569
|
5.0640
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
452
|
4.9460
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,768
|
4.9850
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17,175
|
5.0019
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
32,042
|
5.0660
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,322
|
5.0039
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
569
|
5.0040
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,802
|
5.0056
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,000
|
5.0059
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
51,283
|
5.0236
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
20
|
5.0319
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
144
|
5.0361
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,810
|
5.0193
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,947
|
5.0253
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
24,722
|
5.0264
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,295
|
5.0271
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,302
|
5.0316
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,442
|
5.0344
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,307
|
5.0360
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,894
|
5.0441
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,054
|
5.0448
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
556
|
5.0660
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
121
|
5.0680
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
330
|
4.9693
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
154
|
5.0380
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
308
|
5.0380
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
3,545
|
5.0658
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
31,250
|
4.9560
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
47,845
|
5.0160
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1
|
5.0660
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
17,424
|
5.0660
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:
|
25 Jul 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|