22nd Jul 2024 10:45
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: | 19 Jul 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: | 10,571,714 | 1.08% | 5,908,734 | 0.61% | |||
(2) Cash-settled derivatives: | 4,887,338 | 0.50% | 9,163,688 | 0.94% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 15,459,052 | 1.59% | 15,072,422 | 1.55% | |||
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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 | 1091233 | 4.9930 GBP | 4.9319 GBP | |||
10p ordinary | Sale | 630831 | 5.0040 GBP | 4.9269 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 | Opening Long | 27,683 | 4.9611 GBP | |||
10p ordinary | SWAP | Closing Short | 469 | 4.9270 GBP | |||
10p ordinary | SWAP | Decreasing Long | 566,200 | 4.9650 GBP | |||
10p ordinary | CFD | Decreasing Short | 677 | 4.9466 GBP | |||
10p ordinary | CFD | Decreasing Short | 216 | 4.9469 GBP | |||
10p ordinary | CFD | Decreasing Short | 2,696 | 4.9565 GBP | |||
10p ordinary | CFD | Decreasing Short | 13,108 | 4.9568 GBP | |||
10p ordinary | CFD | Decreasing Short | 50,394 | 4.9635 GBP | |||
10p ordinary | CFD | Decreasing Short | 30,707 | 4.9657 GBP | |||
10p ordinary | CFD | Decreasing Short | 11,453 | 5.0135 GBP | |||
10p ordinary | CFD | Increasing Short | 2,155 | 4.9416 GBP | |||
10p ordinary | CFD | Increasing Short | 1,924 | 4.9432 GBP | |||
10p ordinary | CFD | Increasing Short | 5,969 | 4.9640 GBP | |||
10p ordinary | CFD | Increasing Short | 677 | 4.9644 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,566 | 4.9566 GBP | |||
10p ordinary | SWAP | Increasing Long | 1 | 4.9636 GBP | |||
10p ordinary | SWAP | Decreasing Long | 36,536 | 4.9613 GBP | |||
10p ordinary | SWAP | Decreasing Long | 9,992 | 4.9618 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,466 | 4.9668 GBP | |||
10p ordinary | SWAP | Decreasing Short | 20,365 | 4.9612 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1 | 4.9640 GBP | |||
10p ordinary | SWAP | Decreasing Short | 357 | 4.9695 GBP | |||
10p ordinary | SWAP | Decreasing Short | 86,523 | 4.9779 GBP | |||
10p ordinary | SWAP | Decreasing Short | 125,262 | 4.9814 GBP | |||
10p ordinary | SWAP | Increasing Short | 401 | 4.9423 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,344 | 4.9443 GBP | |||
10p ordinary | SWAP | Increasing Short | 18,962 | 4.9458 GBP | |||
10p ordinary | SWAP | Increasing Short | 285 | 4.9470 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,390 | 4.9549 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,112 | 4.9640 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8 | 4.9619 GBP | |||
10p ordinary | SWAP | Decreasing Short | 979 | 4.9645 GBP | |||
10p ordinary | SWAP | Decreasing Short | 225 | 4.9669 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,495 | 4.9853 GBP | |||
10p ordinary | SWAP | Increasing Short | 559 | 4.9437 GBP | |||
10p ordinary | SWAP | Increasing Short | 912 | 4.9451 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,505 | 4.9456 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,014 | 4.9484 GBP | |||
10p ordinary | SWAP | Increasing Short | 28,311 | 4.9491 GBP | |||
10p ordinary | SWAP | Increasing Short | 10,236 | 4.9495 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,225 | 4.9538 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,638 | 4.9588 GBP | |||
10p ordinary | SWAP | Increasing Short | 176,835 | 4.9640 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,154 | 4.9726 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,358 | 4.9823 GBP | |||
10p ordinary | SWAP | Decreasing Short | 641 | 4.9571 GBP | |||
10p ordinary | SWAP | Decreasing Short | 10,637 | 4.9546 GBP | |||
10p ordinary | SWAP | Decreasing Short | 11,426 | 4.9615 GBP | |||
10p ordinary | SWAP | Decreasing Short | 62,893 | 4.9640 GBP | |||
10p ordinary | SWAP | Increasing Short | 272 | 4.9320 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,447 | 4.9640 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: | 22 Jul 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysBarratt Developments