27th Feb 2024 11:27
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: | 26 Feb 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: | 5,626,599 | 0.58% | 4,077,179 | 0.42% | |||
(2) Cash-settled derivatives: | 3,266,145 | 0.34% | 4,199,430 | 0.43% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 8,892,744 | 0.91% | 8,276,609 | 0.85% | |||
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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 | 1557595 | 4.7970 GBP | 4.6830 GBP | |||
10p ordinary | Sale | 703565 | 4.7970 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 Short | 141 | 4.6763 GBP | |||
10p ordinary | SWAP | Closing Short | 850 | 4.7640 GBP | |||
10p ordinary | SWAP | Closing Short | 1,142 | 4.7478 GBP | |||
10p ordinary | SWAP | Closing Short | 4,940 | 4.7461 GBP | |||
10p ordinary | SWAP | Closing Short | 21,644 | 4.7572 GBP | |||
10p ordinary | SWAP | Closing Short | 24,984 | 4.7732 GBP | |||
10p ordinary | SWAP | Closing Short | 39,531 | 4.7730 GBP | |||
10p ordinary | SWAP | Closing Short | 39,929 | 4.7257 GBP | |||
10p ordinary | CFD | Decreasing Long | 292 | 4.6744 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,632 | 4.7406 GBP | |||
10p ordinary | CFD | Decreasing Long | 5,848 | 4.7832 GBP | |||
10p ordinary | CFD | Decreasing Long | 10,311 | 4.7629 GBP | |||
10p ordinary | CFD | Decreasing Long | 18,704 | 4.7838 GBP | |||
10p ordinary | CFD | Decreasing Long | 46,946 | 4.7702 GBP | |||
10p ordinary | SWAP | Decreasing Long | 158,105 | 4.7708 GBP | |||
10p ordinary | CFD | Decreasing Long | 215,433 | 4.7766 GBP | |||
10p ordinary | SWAP | Decreasing Long | 302,916 | 4.7460 GBP | |||
10p ordinary | SWAP | Decreasing Short | 183 | 4.7438 GBP | |||
10p ordinary | SWAP | Decreasing Short | 183 | 4.7731 GBP | |||
10p ordinary | SWAP | Decreasing Short | 183 | 4.7729 GBP | |||
10p ordinary | SWAP | Decreasing Short | 280 | 4.7773 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,683 | 4.7153 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,353 | 4.7718 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,717 | 4.7690 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,914 | 4.7731 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,409 | 4.7527 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,384 | 4.7807 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,550 | 4.7804 GBP | |||
10p ordinary | SWAP | Decreasing Short | 11,775 | 4.7811 GBP | |||
10p ordinary | SWAP | Decreasing Short | 21,215 | 4.7679 GBP | |||
10p ordinary | SWAP | Decreasing Short | 31,840 | 4.7730 GBP | |||
10p ordinary | SWAP | Decreasing Short | 48,385 | 4.7708 GBP | |||
10p ordinary | CFD | Increasing Long | 156 | 4.7769 GBP | |||
10p ordinary | CFD | Increasing Long | 186 | 4.7730 GBP | |||
10p ordinary | CFD | Increasing Long | 10,125 | 4.7476 GBP | |||
10p ordinary | SWAP | Increasing Short | 157 | 4.7350 GBP | |||
10p ordinary | SWAP | Increasing Short | 226 | 4.6769 GBP | |||
10p ordinary | SWAP | Increasing Short | 369 | 4.7361 GBP | |||
10p ordinary | SWAP | Increasing Short | 462 | 4.7836 GBP | |||
10p ordinary | SWAP | Increasing Short | 686 | 4.7840 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,212 | 4.7498 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,891 | 4.7848 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,845 | 4.7487 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,503 | 4.7810 GBP | |||
10p ordinary | SWAP | Increasing Short | 15,466 | 4.7615 GBP | |||
10p ordinary | SWAP | Increasing Short | 18,373 | 4.7158 GBP | |||
10p ordinary | SWAP | Opening Long | 4,563 | 4.7647 GBP | |||
10p ordinary | SWAP | Opening Long | 9,150 | 4.7541 GBP | |||
10p ordinary | SWAP | Opening Long | 25,240 | 4.7657 GBP | |||
10p ordinary | SWAP | Opening Long | 59,423 | 4.7733 GBP | |||
10p ordinary | SWAP | Opening Long | 205,698 | 4.7708 GBP | |||
10p ordinary | SWAP | Opening Short | 61,632 | 4.7698 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: | 27 Feb 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysBarratt Developments