21st Feb 2024 11:47
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: | 20 Feb 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: | 3,838,777 | 0.39% | 3,381,956 | 0.35% | |||
(2) Cash-settled derivatives: | 2,844,183 | 0.29% | 2,684,688 | 0.28% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 6,682,960 | 0.69% | 6,066,644 | 0.62% | |||
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(b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
Class of relevant security in relation to which subscription right exists |
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Details, including nature of the rights concerned and relevant percentages: |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchase and sales |
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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 | 898382 | 4.8090 GBP | 4.7520 GBP | |||
10p ordinary | Sale | 1131287 | 4.8090 GBP | 4.7570 GBP | |||
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(b) | Cash-settled derivative transactions | ||||||
Class of relevant security | Product description | Nature of dealing | Number of reference securities | Price per unit | |||
10p ordinary | CFD | Decreasing Long | 7 | 4.7514 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,531 | 4.7767 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,022 | 4.7801 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,926 | 4.7912 GBP | |||
10p ordinary | CFD | Decreasing Long | 3,244 | 4.7778 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,293 | 4.7872 GBP | |||
10p ordinary | SWAP | Decreasing Long | 7,262 | 4.7911 GBP | |||
10p ordinary | SWAP | Decreasing Long | 7,488 | 4.7622 GBP | |||
10p ordinary | CFD | Decreasing Long | 8,512 | 4.8080 GBP | |||
10p ordinary | SWAP | Decreasing Long | 8,664 | 4.7881 GBP | |||
10p ordinary | SWAP | Decreasing Long | 9,512 | 4.7831 GBP | |||
10p ordinary | SWAP | Decreasing Long | 20,315 | 4.8080 GBP | |||
10p ordinary | SWAP | Decreasing Long | 37,166 | 4.7898 GBP | |||
10p ordinary | CFD | Decreasing Long | 41,405 | 4.7792 GBP | |||
10p ordinary | SWAP | Decreasing Long | 53,476 | 4.7972 GBP | |||
10p ordinary | SWAP | Decreasing Short | 74 | 4.7679 GBP | |||
10p ordinary | SWAP | Decreasing Short | 205 | 4.7770 GBP | |||
10p ordinary | SWAP | Decreasing Short | 227 | 4.8025 GBP | |||
10p ordinary | SWAP | Decreasing Short | 614 | 4.7960 GBP | |||
10p ordinary | SWAP | Decreasing Short | 874 | 4.7718 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,095 | 4.7815 GBP | |||
10p ordinary | SWAP | Decreasing Short | 28,497 | 4.7946 GBP | |||
10p ordinary | SWAP | Decreasing Short | 35,190 | 4.7862 GBP | |||
10p ordinary | SWAP | Decreasing Short | 93,697 | 4.7926 GBP | |||
10p ordinary | SWAP | Decreasing Short | 95,429 | 4.8070 GBP | |||
10p ordinary | SWAP | Decreasing Short | 121,732 | 4.8080 GBP | |||
10p ordinary | SWAP | Decreasing Short | 134,897 | 4.8079 GBP | |||
10p ordinary | CFD | Increasing Long | 8,512 | 4.8080 GBP | |||
10p ordinary | CFD | Increasing Long | 10,578 | 4.7879 GBP | |||
10p ordinary | CFD | Increasing Long | 30,834 | 4.8079 GBP | |||
10p ordinary | SWAP | Increasing Long | 32,700 | 4.7856 GBP | |||
10p ordinary | SWAP | Increasing Short | 98 | 4.7930 GBP | |||
10p ordinary | SWAP | Increasing Short | 522 | 4.7945 GBP | |||
10p ordinary | SWAP | Increasing Short | 603 | 4.7750 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,079 | 4.7990 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,141 | 4.7892 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,912 | 4.7757 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,244 | 4.7737 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,660 | 4.7898 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,676 | 4.7861 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,130 | 4.7921 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,092 | 4.7933 GBP | |||
10p ordinary | SWAP | Increasing Short | 13,480 | 4.7919 GBP | |||
10p ordinary | SWAP | Increasing Short | 37,760 | 4.8081 GBP | |||
10p ordinary | SWAP | Increasing Short | 73,276 | 4.7868 GBP | |||
10p ordinary | SWAP | Opening Short | 191 | 4.8029 GBP | |||
10p ordinary | SWAP | Opening Short | 268 | 4.7957 GBP | |||
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(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 |
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(ii) | Exercising |
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Class of relevant security | Product description | Exercising/ exercised against | Number of securities | Exercise price per unit | |||
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(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant security | Nature of Dealings | Details | Price per unit (if applicable) | ||||
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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: | 21 Feb 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysBarratt Developments