21st Mar 2024 10:03
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 Mar 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: | 7,870,363 | 0.81% | 8,074,645 | 0.83% | |||
(2) Cash-settled derivatives: | 7,133,514 | 0.73% | 6,434,125 | 0.66% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 15,003,877 | 1.54% | 14,508,770 | 1.49% | |||
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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 | 371736 | 4.6930 GBP | 4.6660 GBP | |||
10p ordinary | Sale | 531135 | 4.6930 GBP | 4.6690 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 | SWAP | Closing Long | 56 | 4.6901 GBP | |||
10p ordinary | SWAP | Closing Long | 188 | 4.6862 GBP | |||
10p ordinary | SWAP | Closing Long | 866 | 4.6850 GBP | |||
10p ordinary | SWAP | Closing Short | 7,613 | 4.6852 GBP | |||
10p ordinary | SWAP | Closing Short | 15,363 | 4.6850 GBP | |||
10p ordinary | SWAP | Decreasing Long | 29 | 4.6890 GBP | |||
10p ordinary | SWAP | Decreasing Long | 44 | 4.6900 GBP | |||
10p ordinary | SWAP | Decreasing Long | 179 | 4.6847 GBP | |||
10p ordinary | SWAP | Decreasing Long | 242 | 4.6660 GBP | |||
10p ordinary | CFD | Decreasing Long | 545 | 4.6903 GBP | |||
10p ordinary | SWAP | Decreasing Long | 555 | 4.6883 GBP | |||
10p ordinary | SWAP | Decreasing Long | 769 | 4.6901 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,082 | 4.6853 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,609 | 4.6889 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,948 | 4.6860 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,746 | 4.6829 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,871 | 4.6722 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,083 | 4.6809 GBP | |||
10p ordinary | SWAP | Decreasing Long | 5,597 | 4.6747 GBP | |||
10p ordinary | CFD | Decreasing Long | 28,765 | 4.6847 GBP | |||
10p ordinary | SWAP | Decreasing Long | 65,256 | 4.6850 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,548 | 4.6738 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,966 | 4.6788 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,061 | 4.6791 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,129 | 4.6750 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,401 | 4.6828 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,418 | 4.6767 GBP | |||
10p ordinary | SWAP | Decreasing Short | 10,220 | 4.6764 GBP | |||
10p ordinary | SWAP | Decreasing Short | 49,703 | 4.6849 GBP | |||
10p ordinary | SWAP | Increasing Long | 96 | 4.6869 GBP | |||
10p ordinary | SWAP | Increasing Long | 325 | 4.6881 GBP | |||
10p ordinary | SWAP | Increasing Long | 762 | 4.6854 GBP | |||
10p ordinary | SWAP | Increasing Long | 823 | 4.6872 GBP | |||
10p ordinary | CFD | Increasing Long | 1,082 | 4.6586 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,184 | 4.6867 GBP | |||
10p ordinary | CFD | Increasing Long | 5,000 | 4.6845 GBP | |||
10p ordinary | SWAP | Increasing Long | 12,684 | 4.6849 GBP | |||
10p ordinary | CFD | Increasing Long | 17,372 | 4.6830 GBP | |||
10p ordinary | CFD | Increasing Long | 17,684 | 4.6848 GBP | |||
10p ordinary | CFD | Increasing Long | 19,159 | 4.6826 GBP | |||
10p ordinary | CFD | Increasing Long | 23,279 | 4.6850 GBP | |||
10p ordinary | SWAP | Increasing Long | 68,211 | 4.6850 GBP | |||
10p ordinary | SWAP | Increasing Short | 87 | 4.6901 GBP | |||
10p ordinary | SWAP | Increasing Short | 125 | 4.6828 GBP | |||
10p ordinary | SWAP | Increasing Short | 477 | 4.6844 GBP | |||
10p ordinary | SWAP | Increasing Short | 621 | 4.6889 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,171 | 4.6780 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,354 | 4.6779 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,534 | 4.6834 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,877 | 4.6832 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,189 | 4.6804 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,156 | 4.6829 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,442 | 4.6845 GBP | |||
10p ordinary | SWAP | Increasing Short | 20,324 | 4.6850 GBP | |||
10p ordinary | SWAP | Increasing Short | 22,233 | 4.6847 GBP | |||
10p ordinary | SWAP | Increasing Short | 53,435 | 4.6815 GBP | |||
10p ordinary | SWAP | Opening Short | 12,000 | 4.6789 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 Mar 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysBarratt Developments