21st Aug 2024 11:42
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 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: | 9,727,308 | 1.00% | 3,796,770 | 0.39% | |||
(2) Cash-settled derivatives: | 2,862,271 | 0.29% | 8,465,738 | 0.87% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 12,589,579 | 1.29% | 12,262,508 | 1.26% | |||
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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 | 2770330 | 5.5790 GBP | 5.4897 GBP | |||
10p ordinary | Sale | 2529289 | 5.6120 GBP | 5.4897 GBP | |||
ADR | Purchase | 6694 | 14.2700 USD | 14.2700 USD | |||
ADR | Sale | 6694 | 14.2700 USD | 14.2700 USD | |||
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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 | SWAP | Opening Short | 8,950 | 5.4900 GBP | |||
10p ordinary | CFD | Increasing Long | 1,472 | 5.4979 GBP | |||
10p ordinary | CFD | Increasing Long | 5,268 | 5.5000 GBP | |||
10p ordinary | CFD | Increasing Long | 4,079 | 5.5203 GBP | |||
10p ordinary | CFD | Increasing Long | 12,008 | 5.5407 GBP | |||
10p ordinary | CFD | Increasing Long | 15,505 | 5.5633 GBP | |||
10p ordinary | CFD | Increasing Long | 1,177 | 5.5738 GBP | |||
10p ordinary | CFD | Increasing Long | 1,995 | 5.6110 GBP | |||
10p ordinary | CFD | Decreasing Long | 9,139 | 5.4900 GBP | |||
10p ordinary | CFD | Decreasing Long | 31,753 | 5.4904 GBP | |||
10p ordinary | CFD | Decreasing Long | 6,366 | 5.5609 GBP | |||
10p ordinary | SWAP | Decreasing Short | 13,368 | 5.5336 GBP | |||
10p ordinary | SWAP | Increasing Short | 100 | 5.6039 GBP | |||
10p ordinary | SWAP | Closing Short | 32 | 5.4900 GBP | |||
10p ordinary | SWAP | Closing Short | 16,200 | 5.5099 GBP | |||
10p ordinary | SWAP | Decreasing Short | 866 | 5.5365 GBP | |||
10p ordinary | SWAP | Decreasing Short | 250,000 | 5.5820 GBP | |||
10p ordinary | SWAP | Decreasing Short | 139,614 | 5.4897 GBP | |||
10p ordinary | SWAP | Decreasing Short | 81,362 | 5.5341 GBP | |||
10p ordinary | SWAP | Increasing Short | 818 | 5.4900 GBP | |||
10p ordinary | SWAP | Increasing Short | 79 | 5.5553 GBP | |||
10p ordinary | SWAP | Decreasing Short | 96,583 | 5.4975 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,457 | 5.5140 GBP | |||
10p ordinary | SWAP | Decreasing Short | 206,573 | 5.5210 GBP | |||
10p ordinary | SWAP | Decreasing Short | 500 | 5.5220 GBP | |||
10p ordinary | SWAP | Decreasing Short | 34,361 | 5.5560 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,321 | 5.5572 GBP | |||
10p ordinary | SWAP | Opening Long | 112,315 | 5.5607 GBP | |||
10p ordinary | SWAP | Increasing Long | 356 | 5.6120 GBP | |||
10p ordinary | SWAP | Opening Short | 128,133 | 5.4901 GBP | |||
10p ordinary | SWAP | Increasing Short | 46,477 | 5.4940 GBP | |||
10p ordinary | SWAP | Increasing Short | 127,083 | 5.5097 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,700 | 5.5116 GBP | |||
10p ordinary | SWAP | Increasing Short | 519 | 5.5140 GBP | |||
10p ordinary | SWAP | Increasing Short | 64,175 | 5.5151 GBP | |||
10p ordinary | SWAP | Increasing Short | 209,299 | 5.5166 GBP | |||
10p ordinary | SWAP | Increasing Short | 905 | 5.5398 GBP | |||
10p ordinary | SWAP | Increasing Short | 219,543 | 5.5400 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,877 | 5.5790 GBP | |||
10p ordinary | SWAP | Decreasing Short | 63,366 | 5.4899 GBP | |||
10p ordinary | SWAP | Decreasing Short | 84 | 5.5637 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,106 | 5.5709 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,400 | 5.5749 GBP | |||
10p ordinary | SWAP | Decreasing Short | 22,554 | 5.5868 GBP | |||
10p ordinary | SWAP | Decreasing Short | 9,815 | 5.5869 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,042 | 5.5954 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8,946 | 5.5999 GBP | |||
10p ordinary | SWAP | Decreasing Short | 145 | 5.6018 GBP | |||
10p ordinary | SWAP | Decreasing Short | 715 | 5.6021 GBP | |||
10p ordinary | SWAP | Decreasing Short | 257 | 5.6031 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,624 | 5.5095 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,800 | 5.5134 GBP | |||
10p ordinary | SWAP | Increasing Short | 30,483 | 5.5166 GBP | |||
10p ordinary | SWAP | Increasing Short | 75,992 | 5.5172 GBP | |||
10p ordinary | SWAP | Increasing Short | 18,572 | 5.5187 GBP | |||
10p ordinary | SWAP | Increasing Short | 81,291 | 5.5190 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,987 | 5.5204 GBP | |||
10p ordinary | SWAP | Increasing Short | 24,953 | 5.5239 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,537 | 5.5247 GBP | |||
10p ordinary | SWAP | Increasing Short | 63 | 5.5680 GBP | |||
10p ordinary | SWAP | Opening Short | 15,480 | 5.4908 GBP | |||
10p ordinary | SWAP | Increasing Short | 39,265 | 5.4925 GBP | |||
10p ordinary | SWAP | Decreasing Long | 34,861 | 5.5130 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,583 | 5.5377 GBP | |||
10p ordinary | SWAP | Increasing Long | 96,864 | 5.5182 GBP | |||
10p ordinary | SWAP | Increasing Long | 35,568 | 5.5239 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,627 | 5.5118 GBP | |||
10p ordinary | SWAP | Increasing Long | 428,781 | 5.5178 GBP | |||
10p ordinary | SWAP | Increasing Long | 928 | 5.5190 GBP | |||
10p ordinary | SWAP | Increasing Long | 22,939 | 5.5559 GBP | |||
10p ordinary | SWAP | Increasing Long | 45,196 | 5.5564 GBP | |||
10p ordinary | SWAP | Decreasing Long | 153,295 | 5.4900 GBP | |||
10p ordinary | SWAP | Decreasing Long | 247,657 | 5.5094 GBP | |||
10p ordinary | SWAP | Decreasing Long | 99,288 | 5.5159 GBP | |||
10p ordinary | SWAP | Decreasing Long | 45,654 | 5.5164 GBP | |||
10p ordinary | SWAP | Decreasing Long | 9,483 | 5.5173 GBP | |||
10p ordinary | SWAP | Opening Short | 217,753 | 5.5400 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 Aug 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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