8th Mar 2024 11:08
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: | 07 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: | 8,521,346 | 0.87% | 7,699,833 | 0.79% | |||
(2) Cash-settled derivatives: | 6,815,587 | 0.70% | 6,943,899 | 0.71% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 15,336,933 | 1.57% | 14,643,732 | 1.50% | |||
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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 | 520119 | 4.7870 GBP | 4.7260 GBP | |||
10p ordinary | Sale | 1689433 | 4.7910 GBP | 4.7273 GBP | |||
ADR | Purchase | 6654 | 12.1559 USD | 12.1559 USD | |||
ADR | Sale | 6654 | 12.1559 USD | 12.1559 USD | |||
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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 | 121 | 4.7730 GBP | |||
10p ordinary | SWAP | Closing Short | 1,493 | 4.7806 GBP | |||
10p ordinary | SWAP | Closing Short | 2,290 | 4.7822 GBP | |||
10p ordinary | SWAP | Closing Short | 3,586 | 4.7802 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,974 | 4.7703 GBP | |||
10p ordinary | CFD | Decreasing Long | 13,659 | 4.7684 GBP | |||
10p ordinary | CFD | Decreasing Long | 16,549 | 4.7700 GBP | |||
10p ordinary | SWAP | Decreasing Long | 106,600 | 4.7725 GBP | |||
10p ordinary | SWAP | Decreasing Short | 409 | 4.7740 GBP | |||
10p ordinary | SWAP | Decreasing Short | 722 | 4.7270 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,149 | 4.7256 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,064 | 4.7483 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,543 | 4.7470 GBP | |||
10p ordinary | SWAP | Decreasing Short | 59,104 | 4.7675 GBP | |||
10p ordinary | SWAP | Increasing Long | 166 | 4.7637 GBP | |||
10p ordinary | SWAP | Increasing Long | 175 | 4.7628 GBP | |||
10p ordinary | CFD | Increasing Long | 309 | 4.7602 GBP | |||
10p ordinary | SWAP | Increasing Long | 936 | 4.7572 GBP | |||
10p ordinary | SWAP | Increasing Long | 2,260 | 4.7630 GBP | |||
10p ordinary | SWAP | Increasing Long | 2,372 | 4.7729 GBP | |||
10p ordinary | CFD | Increasing Long | 2,628 | 4.7859 GBP | |||
10p ordinary | SWAP | Increasing Long | 3,018 | 4.7559 GBP | |||
10p ordinary | CFD | Increasing Long | 3,295 | 4.7700 GBP | |||
10p ordinary | SWAP | Increasing Long | 3,842 | 4.7555 GBP | |||
10p ordinary | SWAP | Increasing Long | 4,886 | 4.7568 GBP | |||
10p ordinary | CFD | Increasing Long | 6,000 | 4.7634 GBP | |||
10p ordinary | SWAP | Increasing Long | 6,956 | 4.7640 GBP | |||
10p ordinary | CFD | Increasing Long | 11,175 | 4.7583 GBP | |||
10p ordinary | SWAP | Increasing Long | 11,909 | 4.7549 GBP | |||
10p ordinary | SWAP | Increasing Long | 19,915 | 4.7556 GBP | |||
10p ordinary | SWAP | Increasing Long | 26,980 | 4.7633 GBP | |||
10p ordinary | SWAP | Increasing Long | 29,245 | 4.7632 GBP | |||
10p ordinary | SWAP | Increasing Long | 54,573 | 4.7699 GBP | |||
10p ordinary | SWAP | Increasing Long | 116,309 | 4.7624 GBP | |||
10p ordinary | SWAP | Increasing Long | 908,500 | 4.7290 GBP | |||
10p ordinary | SWAP | Increasing Short | 354 | 4.7370 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,333 | 4.7702 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,394 | 4.7521 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,276 | 4.7528 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,007 | 4.7645 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,015 | 4.7475 GBP | |||
10p ordinary | SWAP | Increasing Short | 14,428 | 4.7451 GBP | |||
10p ordinary | SWAP | Increasing Short | 14,839 | 4.7663 GBP | |||
10p ordinary | SWAP | Increasing Short | 18,021 | 4.7666 GBP | |||
10p ordinary | SWAP | Increasing Short | 31,311 | 4.7476 GBP | |||
10p ordinary | SWAP | Increasing Short | 70,257 | 4.7700 GBP | |||
10p ordinary | SWAP | Opening Long | 33 | 4.7565 GBP | |||
10p ordinary | SWAP | Opening Long | 345 | 4.7314 GBP | |||
10p ordinary | SWAP | Opening Long | 380 | 4.7445 GBP | |||
10p ordinary | SWAP | Opening Long | 433 | 4.7359 GBP | |||
10p ordinary | SWAP | Opening Long | 1,869 | 4.7328 GBP | |||
10p ordinary | SWAP | Opening Long | 6,027 | 4.7484 GBP | |||
10p ordinary | SWAP | Opening Long | 6,387 | 4.7513 GBP | |||
10p ordinary | SWAP | Opening Long | 23,456 | 4.7270 GBP | |||
10p ordinary | SWAP | Opening Long | 30,426 | 4.7607 GBP | |||
10p ordinary | SWAP | Opening Long | 134,543 | 4.7699 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: | 08 Mar 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysBarratt Developments