26th Mar 2024 11:45
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: | 25 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: | 8,524,627 | 0.87% | 7,485,401 | 0.77% | |||
(2) Cash-settled derivatives: | 6,567,400 | 0.67% | 7,059,426 | 0.72% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 15,092,027 | 1.55% | 14,544,827 | 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 | 759398 | 4.7425 GBP | 4.6775 GBP | |||
10p ordinary | Sale | 726520 | 4.7300 GBP | 4.6820 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 | 12 | 4.7094 GBP | |||
10p ordinary | SWAP | Closing Long | 12 | 4.7089 GBP | |||
10p ordinary | SWAP | Closing Long | 218 | 4.7170 GBP | |||
10p ordinary | SWAP | Closing Long | 264 | 4.7210 GBP | |||
10p ordinary | SWAP | Closing Long | 5,139 | 4.6899 GBP | |||
10p ordinary | CFD | Decreasing Long | 166 | 4.7169 GBP | |||
10p ordinary | SWAP | Decreasing Long | 201 | 4.7015 GBP | |||
10p ordinary | SWAP | Decreasing Long | 446 | 4.6914 GBP | |||
10p ordinary | SWAP | Decreasing Long | 831 | 4.7135 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,154 | 4.7036 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,222 | 4.7077 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,267 | 4.6975 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,543 | 4.7011 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,762 | 4.7032 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,023 | 4.7009 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,405 | 4.7025 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,465 | 4.7054 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,833 | 4.7022 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,929 | 4.7120 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,261 | 4.7062 GBP | |||
10p ordinary | SWAP | Decreasing Long | 7,085 | 4.7060 GBP | |||
10p ordinary | SWAP | Decreasing Long | 10,326 | 4.7155 GBP | |||
10p ordinary | SWAP | Decreasing Long | 10,607 | 4.7094 GBP | |||
10p ordinary | CFD | Decreasing Long | 17,895 | 4.7124 GBP | |||
10p ordinary | SWAP | Decreasing Long | 25,580 | 4.7085 GBP | |||
10p ordinary | SWAP | Decreasing Long | 304,006 | 4.7425 GBP | |||
10p ordinary | SWAP | Decreasing Short | 136 | 4.7052 GBP | |||
10p ordinary | SWAP | Decreasing Short | 170 | 4.7300 GBP | |||
10p ordinary | SWAP | Decreasing Short | 220 | 4.7149 GBP | |||
10p ordinary | SWAP | Decreasing Short | 358 | 4.7135 GBP | |||
10p ordinary | SWAP | Decreasing Short | 394 | 4.6920 GBP | |||
10p ordinary | SWAP | Decreasing Short | 470 | 4.7065 GBP | |||
10p ordinary | SWAP | Decreasing Short | 484 | 4.7183 GBP | |||
10p ordinary | SWAP | Decreasing Short | 551 | 4.7096 GBP | |||
10p ordinary | SWAP | Decreasing Short | 645 | 4.7057 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,889 | 4.7155 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,165 | 4.7025 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,246 | 4.7087 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,536 | 4.6964 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,448 | 4.7105 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,790 | 4.6943 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,929 | 4.7120 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,085 | 4.7060 GBP | |||
10p ordinary | SWAP | Decreasing Short | 9,186 | 4.7063 GBP | |||
10p ordinary | SWAP | Decreasing Short | 10,967 | 4.6950 GBP | |||
10p ordinary | SWAP | Decreasing Short | 12,671 | 4.7017 GBP | |||
10p ordinary | SWAP | Decreasing Short | 19,476 | 4.7086 GBP | |||
10p ordinary | SWAP | Decreasing Short | 21,730 | 4.7068 GBP | |||
10p ordinary | SWAP | Decreasing Short | 30,240 | 4.7166 GBP | |||
10p ordinary | SWAP | Decreasing Short | 41,670 | 4.7000 GBP | |||
10p ordinary | SWAP | Decreasing Short | 105,815 | 4.7170 GBP | |||
10p ordinary | SWAP | Decreasing Short | 278,823 | 4.7054 GBP | |||
10p ordinary | CFD | Increasing Long | 15 | 4.7173 GBP | |||
10p ordinary | CFD | Increasing Long | 17 | 4.7170 GBP | |||
10p ordinary | SWAP | Increasing Long | 473 | 4.7135 GBP | |||
10p ordinary | CFD | Increasing Long | 2,570 | 4.7169 GBP | |||
10p ordinary | SWAP | Increasing Long | 4,451 | 4.7155 GBP | |||
10p ordinary | CFD | Increasing Long | 9,409 | 4.7041 GBP | |||
10p ordinary | CFD | Increasing Long | 10,350 | 4.7045 GBP | |||
10p ordinary | SWAP | Increasing Short | 227 | 4.7133 GBP | |||
10p ordinary | SWAP | Increasing Short | 623 | 4.7040 GBP | |||
10p ordinary | SWAP | Increasing Short | 690 | 4.7062 GBP | |||
10p ordinary | SWAP | Increasing Short | 899 | 4.7370 GBP | |||
10p ordinary | SWAP | Increasing Short | 969 | 4.7043 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,378 | 4.7039 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,977 | 4.7064 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,025 | 4.7141 GBP | |||
10p ordinary | SWAP | Increasing Short | 39,164 | 4.7209 GBP | |||
10p ordinary | SWAP | Increasing Short | 40,492 | 4.7168 GBP | |||
10p ordinary | SWAP | Opening Short | 1,318 | 4.7083 GBP | |||
10p ordinary | SWAP | Opening Short | 1,355 | 4.6959 GBP | |||
10p ordinary | SWAP | Opening Short | 1,514 | 4.7060 GBP | |||
10p ordinary | SWAP | Opening Short | 1,883 | 4.7150 GBP | |||
10p ordinary | SWAP | Opening Short | 2,378 | 4.6979 GBP | |||
10p ordinary | SWAP | Opening Short | 5,418 | 4.7081 GBP | |||
10p ordinary | SWAP | Opening Short | 6,005 | 4.7172 GBP | |||
10p ordinary | SWAP | Opening Short | 6,779 | 4.7108 GBP | |||
10p ordinary | SWAP | Opening Short | 7,017 | 4.7025 GBP | |||
10p ordinary | SWAP | Opening Short | 8,984 | 4.7075 GBP | |||
10p ordinary | SWAP | Opening Short | 9,106 | 4.7078 GBP | |||
10p ordinary | SWAP | Opening Short | 16,862 | 4.7170 GBP | |||
10p ordinary | SWAP | Opening Short | 25,194 | 4.7170 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: | 26 Mar 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysBarratt Developments