2nd May 2024 10:28
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: | 01 May 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: | 13,920,619 | 1.43% | 6,138,819 | 0.63% | |||
(2) Cash-settled derivatives: | 5,241,223 | 0.54% | 12,514,932 | 1.28% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 19,161,842 | 1.97% | 18,653,751 | 1.91% | |||
| |||||||
(b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
Class of relevant security in relation to which subscription right exists |
| ||||||
Details, including nature of the rights concerned and relevant percentages: |
| ||||||
3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchase and sales |
| |||||
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 | 497763 | 4.5535 GBP | 4.5265 GBP | |||
10p ordinary | Sale | 450491 | 4.5458 GBP | 4.5291 GBP | |||
| |||||||
(b) | Cash-settled derivative transactions | ||||||
Class of relevant security | Product description | Nature of dealing | Number of reference securities | Price per unit | |||
10p ordinary | CFD | Decreasing Long | 69 | 4.5400 GBP | |||
10p ordinary | SWAP | Decreasing Long | 125 | 4.5403 GBP | |||
10p ordinary | SWAP | Decreasing Long | 144 | 4.5381 GBP | |||
10p ordinary | SWAP | Decreasing Long | 185 | 4.5527 GBP | |||
10p ordinary | SWAP | Decreasing Long | 216 | 4.5364 GBP | |||
10p ordinary | SWAP | Decreasing Long | 344 | 4.5534 GBP | |||
10p ordinary | SWAP | Decreasing Long | 422 | 4.5410 GBP | |||
10p ordinary | SWAP | Decreasing Long | 461 | 4.5411 GBP | |||
10p ordinary | CFD | Decreasing Long | 560 | 4.5535 GBP | |||
10p ordinary | SWAP | Decreasing Long | 621 | 4.5409 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,141 | 4.5392 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,081 | 4.5400 GBP | |||
10p ordinary | CFD | Decreasing Long | 7,453 | 4.5447 GBP | |||
10p ordinary | SWAP | Decreasing Short | 305 | 4.5423 GBP | |||
10p ordinary | SWAP | Decreasing Short | 963 | 4.5518 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,694 | 4.5400 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,744 | 4.5409 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,789 | 4.5400 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,785 | 4.5367 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,020 | 4.5341 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,858 | 4.5367 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8,160 | 4.5380 GBP | |||
10p ordinary | SWAP | Decreasing Short | 16,912 | 4.5377 GBP | |||
10p ordinary | SWAP | Decreasing Short | 66,594 | 4.5399 GBP | |||
10p ordinary | CFD | Increasing Long | 8,082 | 4.5291 GBP | |||
10p ordinary | SWAP | Increasing Short | 1 | 4.5370 GBP | |||
10p ordinary | SWAP | Increasing Short | 4 | 4.5350 GBP | |||
10p ordinary | SWAP | Increasing Short | 652 | 4.5333 GBP | |||
10p ordinary | SWAP | Increasing Short | 700 | 4.5350 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,031 | 4.5345 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,135 | 4.5329 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,060 | 4.5400 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,262 | 4.5438 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,389 | 4.5407 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,451 | 4.5376 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,644 | 4.5552 GBP | |||
10p ordinary | SWAP | Increasing Short | 4,339 | 4.5372 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,106 | 4.5483 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,972 | 4.5551 GBP | |||
10p ordinary | SWAP | Increasing Short | 14,189 | 4.5464 GBP | |||
10p ordinary | SWAP | Increasing Short | 16,820 | 4.5393 GBP | |||
10p ordinary | SWAP | Increasing Short | 18,028 | 4.5450 GBP | |||
10p ordinary | SWAP | Increasing Short | 27,917 | 4.5474 GBP | |||
10p ordinary | SWAP | Increasing Short | 39,112 | 4.5353 GBP | |||
| |||||||
(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 |
|
|
|
|
|
|
|
|
| |||||||
(ii) | Exercising |
| |||||
Class of relevant security | Product description | Exercising/ exercised against | Number of securities | Exercise price per unit | |||
|
|
|
|
| |||
| |||||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant security | Nature of Dealings | Details | Price per unit (if applicable) | ||||
|
|
|
| ||||
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: | 02 May 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysBarratt Developments