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 Jun 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:
|
12,332,561
|
1.27%
|
3,766,391
|
0.39%
|
(2)
Cash-settled derivatives:
|
2,914,924
|
0.30%
|
10,927,344
|
1.12%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
15,247,485
|
1.56%
|
14,693,735
|
1.51%
|
|
|
|
|
|
|
|
|
(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
|
1337717
|
4.7782
GBP
|
4.7310
GBP
|
10p
ordinary
|
Sale
|
1129080
|
4.7776
GBP
|
4.7310
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
|
Closing
Long
|
43
|
4.7695
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
192
|
4.7647
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
442
|
4.7533
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
735
|
4.7591
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
13
|
4.7361
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
52
|
4.7445
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
79
|
4.7395
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
184
|
4.7644
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
209
|
4.7738
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
314
|
4.7684
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
396
|
4.7674
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
435
|
4.7736
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,291
|
4.7659
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,253
|
4.7677
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,542
|
4.7678
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,894
|
4.7614
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
7,001
|
4.7569
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
8,761
|
4.7563
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
11,141
|
4.7694
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
11,850
|
4.7692
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
52,945
|
4.7602
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
9
|
4.7580
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
16
|
4.7420
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
78
|
4.7470
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
86
|
4.7390
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
851
|
4.7717
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,046
|
4.7558
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,629
|
4.7442
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,868
|
4.7406
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,906
|
4.7423
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
2,016
|
4.7419
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,226
|
4.7548
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
2,695
|
4.7611
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,900
|
4.7619
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,753
|
4.7414
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,961
|
4.7483
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,442
|
4.7434
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,357
|
4.7511
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,547
|
4.7438
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
13,275
|
4.7567
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,708
|
4.7568
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
25,601
|
4.7504
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
115,200
|
4.7776
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
140,763
|
4.7419
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
144,000
|
4.7696
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
226,900
|
4.7369
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
46
|
4.7417
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
759
|
4.7330
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
991
|
4.7782
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,685
|
4.7580
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,042
|
4.7675
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,687
|
4.7655
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
4,711
|
4.7485
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,124
|
4.7427
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,317
|
4.7423
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
13,733
|
4.7750
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
27,815
|
4.7532
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
29,444
|
4.7353
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
36,988
|
4.7518
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
38,122
|
4.7564
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
105,440
|
4.7384
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
127,377
|
4.7420
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
132,366
|
4.7617
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
139,532
|
4.7680
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
263,950
|
4.7406
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
13
|
4.7538
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
1,028
|
4.7569
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
2,105
|
4.7422
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:
|
24 Jun 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|