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:
|
18 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:
|
12,292,967
|
1.26%
|
4,074,091
|
0.42%
|
(2)
Cash-settled derivatives:
|
3,319,157
|
0.34%
|
10,906,056
|
1.12%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
15,612,124
|
1.60%
|
14,980,147
|
1.54%
|
|
|
|
|
|
|
|
|
(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
|
1027377
|
4.9054
GBP
|
4.8151
GBP
|
10p
ordinary
|
Sale
|
569362
|
4.9200
GBP
|
4.8176
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
|
76
|
4.8703
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
121
|
4.8720
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
228
|
4.8403
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
374
|
4.8793
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
683
|
4.8970
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
792
|
4.8980
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
1,873
|
4.8577
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
2,274
|
4.8190
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
51
|
4.8796
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
113
|
4.8794
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
190
|
4.8745
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
219
|
4.8721
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
408
|
4.8703
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
473
|
4.8793
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
576
|
4.8716
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
850
|
4.8689
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,988
|
4.8403
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,462
|
4.8792
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,592
|
4.8723
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,623
|
4.8702
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,999
|
4.8554
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
10,864
|
4.8577
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
19,908
|
4.8190
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
161
|
4.9270
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
397
|
4.9200
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
535
|
4.8639
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
712
|
4.8646
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
744
|
4.8927
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
978
|
4.8605
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,620
|
4.8816
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,721
|
4.8890
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
1,769
|
4.9015
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,907
|
4.8578
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,432
|
4.8534
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,420
|
4.8583
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,096
|
4.8744
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,253
|
4.8633
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,422
|
4.8189
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,438
|
4.8674
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,485
|
4.8726
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,203
|
4.8651
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
12,259
|
4.8971
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
24,396
|
4.8205
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
78,832
|
4.8851
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
48
|
4.8290
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
98
|
4.8961
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
128
|
4.8370
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
130
|
4.8520
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
156
|
4.9030
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
231
|
4.8760
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
322
|
4.9270
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
646
|
4.9015
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,566
|
4.8411
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,800
|
4.8740
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
2,063
|
4.8190
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,239
|
4.8349
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
11,965
|
4.9054
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
18,645
|
4.8676
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
20,226
|
4.8695
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
21,100
|
4.8193
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
30,230
|
4.8692
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
46,214
|
4.8520
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
92,141
|
4.8717
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
128,166
|
4.8190
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
4,255
|
4.8192
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
12,634
|
4.8714
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
26,753
|
4.8743
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
30,985
|
4.8770
GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
94,801
|
4.8190
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:
|
19 Jun 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|