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)
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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)
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Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
|
Date position held/dealing undertaken:
|
01 Aug 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:
|
10,329,178
|
1.06%
|
4,565,300
|
0.47%
|
(2)
Cash-settled derivatives:
|
3,596,094
|
0.37%
|
8,994,779
|
0.92%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
13,925,272
|
1.43%
|
13,560,079
|
1.39%
|
|
|
|
|
|
|
|
|
(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
|
1313425
|
5.3500
GBP
|
5.2440
GBP
|
10p
ordinary
|
Sale
|
2515606
|
5.3500
GBP
|
5.2455
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
|
Increasing
Long
|
204
|
5.2999
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
21,230
|
5.2827
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
565
|
5.2907
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
7,297
|
5.2971
GBP
|
10p
ordinary
|
CFD
|
Opening
Long
|
128,511
|
5.3395
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
4,437
|
5.3400
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
681
|
5.2624
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
129
|
5.2762
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
2,722
|
5.2921
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
22,945
|
5.3400
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,609
|
5.2861
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
11,038
|
5.3119
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
111,097
|
5.3340
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
14
|
5.3082
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,940
|
5.3029
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,803
|
5.3110
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
18,228
|
5.3373
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
820
|
5.2603
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
703
|
5.3071
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
55,046
|
5.3077
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
148,572
|
5.3091
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
43,623
|
5.3211
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
24,547
|
5.3370
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
135,137
|
5.3400
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
352
|
5.2620
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
34,292
|
5.2660
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,662
|
5.2703
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
42,541
|
5.2913
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
394
|
5.3200
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
30,228
|
5.3368
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
716
|
5.3003
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,628
|
5.3007
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
10,119
|
5.3095
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13,059
|
5.3114
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
19,136
|
5.3118
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
36,985
|
5.3137
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
35,504
|
5.3152
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
30,021
|
5.3158
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
33,589
|
5.3165
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,845
|
5.3166
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,603
|
5.3399
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
287
|
5.2964
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
26
|
5.3440
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
576
|
5.3446
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
274
|
5.3480
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
27,000
|
5.3145
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
201
|
5.2604
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
152,943
|
5.3144
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
76,472
|
5.3309
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
152,943
|
5.3435
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
36,000
|
5.3026
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
32,570
|
5.3117
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
29,907
|
5.3217
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
110,137
|
5.3400
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
10
|
5.2620
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
23,997
|
5.2660
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
9,655
|
5.2682
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
8,889
|
5.2688
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,418
|
5.2660 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:
|
02 Aug 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|