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)
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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:
|
19 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:
|
12,335,632
|
1.27%
|
3,963,034
|
0.41%
|
(2)
Cash-settled derivatives:
|
3,239,807
|
0.33%
|
10,911,158
|
1.12%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
15,575,439
|
1.60%
|
14,874,192
|
1.53%
|
|
|
|
|
|
|
|
|
(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
|
696486
|
4.8285
GBP
|
4.6744
GBP
|
10p
ordinary
|
Sale
|
541981
|
4.7984
GBP
|
4.6745
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
|
170
|
4.7190
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
296
|
4.6847
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
350
|
4.6870
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
733
|
4.6834
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
2,688
|
4.6960
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
56
|
4.7699
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
57
|
4.7313
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
93
|
4.6805
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
101
|
4.6799
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
115
|
4.6800
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
197
|
4.7082
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
242
|
4.7964
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
572
|
4.7275
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
690
|
4.6744
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
906
|
4.6847
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,111
|
4.7018
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,208
|
4.7126
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,613
|
4.6926
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,254
|
4.6834
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3,362
|
4.7052
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,122
|
4.7000
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,490
|
4.6901
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
10,844
|
4.6894
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
41,652
|
4.6870
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
15
|
4.6820
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
165
|
4.7790
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
176
|
4.7126
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
404
|
4.7250
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
478
|
4.8290
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
567
|
4.6860
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
702
|
4.7286
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
726
|
4.7093
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
753
|
4.6895
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
853
|
4.6893
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
1,106
|
4.6866
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,803
|
4.7299
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,400
|
4.6938
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,017
|
4.6915
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,423
|
4.6995
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,566
|
4.6988
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,173
|
4.7422
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,633
|
4.7023
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,618
|
4.7008
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
21,162
|
4.7296
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
57,693
|
4.6869
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
78,832
|
4.7593
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
89,889
|
4.6870
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
572
|
4.7275
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
45
|
4.6770
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
246
|
4.7840
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
330
|
4.7790
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
441
|
4.7141
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
603
|
4.7593
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
718
|
4.7187
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
811
|
4.7413
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
1,106
|
4.8293
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,247
|
4.6758
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,423
|
4.8290
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,377
|
4.6872
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,764
|
4.7781
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
5,277
|
4.7302
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,364
|
4.6889
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
13,960
|
4.7683
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
15,885
|
4.6870
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
26,250
|
4.7097
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
27,627
|
4.7080
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
38,660
|
4.6870
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
43,522
|
4.7251
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
51,994
|
4.7213
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
52,606
|
4.6870
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:
|
20 Jun 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|