25th Mar 2024 10:44
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: | 22 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: | 8,880,880 | 0.91% | 7,874,192 | 0.81% | |||
(2) Cash-settled derivatives: | 6,960,675 | 0.71% | 7,449,643 | 0.76% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 15,841,555 | 1.63% | 15,323,835 | 1.57% | |||
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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 | 1645575 | 4.7930 GBP | 4.7240 GBP | |||
10p ordinary | Sale | 871945 | 4.7930 GBP | 4.7278 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 Short | 4,224 | 4.7452 GBP | |||
10p ordinary | SWAP | Closing Short | 8,779 | 4.7450 GBP | |||
10p ordinary | SWAP | Decreasing Long | 15 | 4.7689 GBP | |||
10p ordinary | SWAP | Decreasing Long | 161 | 4.7632 GBP | |||
10p ordinary | SWAP | Decreasing Long | 382 | 4.7666 GBP | |||
10p ordinary | SWAP | Decreasing Long | 436 | 4.7716 GBP | |||
10p ordinary | SWAP | Decreasing Long | 445 | 4.7740 GBP | |||
10p ordinary | SWAP | Decreasing Long | 483 | 4.7687 GBP | |||
10p ordinary | SWAP | Decreasing Long | 582 | 4.7708 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,521 | 4.7644 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,914 | 4.7690 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,152 | 4.7688 GBP | |||
10p ordinary | CFD | Decreasing Long | 3,321 | 4.7520 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,369 | 4.7677 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,907 | 4.7450 GBP | |||
10p ordinary | SWAP | Decreasing Long | 5,227 | 4.7759 GBP | |||
10p ordinary | SWAP | Decreasing Long | 7,667 | 4.7645 GBP | |||
10p ordinary | CFD | Decreasing Long | 8,304 | 4.7450 GBP | |||
10p ordinary | CFD | Decreasing Long | 87,325 | 4.7453 GBP | |||
10p ordinary | SWAP | Decreasing Short | 929 | 4.7444 GBP | |||
10p ordinary | SWAP | Decreasing Short | 935 | 4.7510 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,356 | 4.7653 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,999 | 4.7691 GBP | |||
10p ordinary | SWAP | Decreasing Short | 10,537 | 4.7655 GBP | |||
10p ordinary | SWAP | Decreasing Short | 42,249 | 4.7504 GBP | |||
10p ordinary | SWAP | Increasing Long | 39 | 4.7779 GBP | |||
10p ordinary | SWAP | Increasing Long | 123 | 4.7787 GBP | |||
10p ordinary | SWAP | Increasing Long | 155 | 4.7801 GBP | |||
10p ordinary | SWAP | Increasing Long | 208 | 4.7759 GBP | |||
10p ordinary | CFD | Increasing Long | 2,521 | 4.7823 GBP | |||
10p ordinary | SWAP | Increasing Long | 5,500 | 4.7755 GBP | |||
10p ordinary | CFD | Increasing Long | 18,804 | 4.7654 GBP | |||
10p ordinary | CFD | Increasing Long | 21,560 | 4.7687 GBP | |||
10p ordinary | SWAP | Increasing Long | 25,016 | 4.7449 GBP | |||
10p ordinary | SWAP | Increasing Short | 112 | 4.7760 GBP | |||
10p ordinary | SWAP | Increasing Short | 534 | 4.7657 GBP | |||
10p ordinary | SWAP | Increasing Short | 649 | 4.7659 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,320 | 4.7639 GBP | |||
10p ordinary | SWAP | Increasing Short | 10,339 | 4.7684 GBP | |||
10p ordinary | SWAP | Increasing Short | 20,025 | 4.7753 GBP | |||
10p ordinary | SWAP | Increasing Short | 43,569 | 4.7454 GBP | |||
10p ordinary | SWAP | Increasing Short | 46,839 | 4.7722 GBP | |||
10p ordinary | SWAP | Increasing Short | 57,090 | 4.7620 GBP | |||
10p ordinary | SWAP | Increasing Short | 62,776 | 4.7740 GBP | |||
10p ordinary | SWAP | Increasing Short | 450,493 | 4.7450 GBP | |||
10p ordinary | SWAP | Opening Short | 757 | 4.7450 GBP | |||
10p ordinary | SWAP | Opening Short | 24,442 | 4.7601 GBP | |||
10p ordinary | SWAP | Opening Short | 29,359 | 4.7467 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: | 25 Mar 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysBarratt Developments