8th Feb 2024 12:00
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: | REDROW 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 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: BARRATT DEVELOPMENTS 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: | 10.5p ordinary | ||||||
Interests | Short Positions | ||||||
Number | (%) | Number | (%) | ||||
(1) Relevant securities owned and/or controlled: | 4,079,791 | 1.23% | 3,025,717 | 0.91% | |||
(2) Cash-settled derivatives: | 1,781,199 | 0.54% | 3,866,692 | 1.17% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 5,860,990 | 1.77% | 6,892,409 | 2.08% | |||
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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 | |||
10.5p ordinary | Purchase | 2040280 | 7.0000 GBP | 6.7286 GBP | |||
10.5p ordinary | Sale | 1937768 | 6.9982 GBP | 6.6500 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 | |||
10.5p ordinary | SWAP | Opening Long | 483 | 6.8068 GBP | |||
10.5p ordinary | SWAP | Opening Long | 501 | 6.7829 GBP | |||
10.5p ordinary | SWAP | Opening Long | 1,584 | 6.9200 GBP | |||
10.5p ordinary | SWAP | Opening Long | 2,250 | 6.9654 GBP | |||
10.5p ordinary | SWAP | Opening Long | 2,556 | 6.8183 GBP | |||
10.5p ordinary | SWAP | Opening Long | 3,799 | 6.8547 GBP | |||
10.5p ordinary | SWAP | Opening Long | 3,881 | 6.7915 GBP | |||
10.5p ordinary | SWAP | Opening Long | 3,942 | 6.7768 GBP | |||
10.5p ordinary | SWAP | Opening Long | 6,549 | 6.8106 GBP | |||
10.5p ordinary | SWAP | Opening Long | 7,420 | 6.8576 GBP | |||
10.5p ordinary | SWAP | Opening Long | 7,453 | 6.7920 GBP | |||
10.5p ordinary | SWAP | Opening Long | 7,540 | 6.7851 GBP | |||
10.5p ordinary | SWAP | Opening Long | 10,094 | 6.9029 GBP | |||
10.5p ordinary | SWAP | Opening Long | 11,037 | 6.8180 GBP | |||
10.5p ordinary | SWAP | Opening Long | 12,606 | 6.8834 GBP | |||
10.5p ordinary | SWAP | Opening Long | 15,525 | 6.8497 GBP | |||
10.5p ordinary | SWAP | Opening Long | 18,909 | 6.9137 GBP | |||
10.5p ordinary | SWAP | Opening Long | 22,413 | 6.8475 GBP | |||
10.5p ordinary | SWAP | Opening Long | 23,154 | 6.8051 GBP | |||
10.5p ordinary | SWAP | Opening Long | 35,296 | 6.8849 GBP | |||
10.5p ordinary | SWAP | Opening Long | 41,390 | 6.8392 GBP | |||
10.5p ordinary | SWAP | Opening Long | 46,189 | 6.8068 GBP | |||
10.5p ordinary | SWAP | Opening Long | 50,000 | 6.8734 GBP | |||
10.5p ordinary | SWAP | Opening Long | 50,000 | 6.7740 GBP | |||
10.5p ordinary | SWAP | Opening Long | 56,751 | 6.8737 GBP | |||
10.5p ordinary | SWAP | Opening Long | 81,284 | 6.8761 GBP | |||
10.5p ordinary | SWAP | Opening Long | 87,182 | 6.8143 GBP | |||
10.5p ordinary | SWAP | Opening Long | 110,305 | 6.8699 GBP | |||
10.5p ordinary | SWAP | Opening Long | 112,329 | 6.8105 GBP | |||
10.5p ordinary | SWAP | Opening Long | 124,610 | 6.8090 GBP | |||
10.5p ordinary | SWAP | Opening Long | 150,000 | 6.8172 GBP | |||
10.5p ordinary | SWAP | Opening Long | 159,369 | 6.8701 GBP | |||
10.5p ordinary | SWAP | Opening Long | 205,431 | 6.8850 GBP | |||
10.5p ordinary | SWAP | Opening Long | 300,000 | 6.8145 GBP | |||
10.5p ordinary | CFD | Opening Short | 86 | 6.8850 GBP | |||
10.5p ordinary | SWAP | Opening Short | 195 | 6.9594 GBP | |||
10.5p ordinary | SWAP | Opening Short | 214 | 6.9982 GBP | |||
10.5p ordinary | SWAP | Opening Short | 264 | 6.9945 GBP | |||
10.5p ordinary | SWAP | Opening Short | 644 | 6.7790 GBP | |||
10.5p ordinary | SWAP | Opening Short | 697 | 6.9602 GBP | |||
10.5p ordinary | SWAP | Opening Short | 741 | 6.6597 GBP | |||
10.5p ordinary | SWAP | Opening Short | 888 | 6.9856 GBP | |||
10.5p ordinary | SWAP | Opening Short | 990 | 6.8207 GBP | |||
10.5p ordinary | SWAP | Opening Short | 2,034 | 6.9110 GBP | |||
10.5p ordinary | CFD | Opening Short | 3,060 | 6.7718 GBP | |||
10.5p ordinary | SWAP | Opening Short | 3,422 | 6.7900 GBP | |||
10.5p ordinary | SWAP | Opening Short | 4,468 | 6.7749 GBP | |||
10.5p ordinary | SWAP | Opening Short | 4,943 | 6.8475 GBP | |||
10.5p ordinary | SWAP | Opening Short | 5,815 | 6.7881 GBP | |||
10.5p ordinary | SWAP | Opening Short | 6,317 | 6.6892 GBP | |||
10.5p ordinary | SWAP | Opening Short | 6,619 | 6.7178 GBP | |||
10.5p ordinary | SWAP | Opening Short | 6,630 | 6.9964 GBP | |||
10.5p ordinary | SWAP | Opening Short | 6,731 | 6.7914 GBP | |||
10.5p ordinary | SWAP | Opening Short | 7,570 | 6.6748 GBP | |||
10.5p ordinary | SWAP | Opening Short | 9,759 | 6.8317 GBP | |||
10.5p ordinary | SWAP | Opening Short | 9,840 | 6.9362 GBP | |||
10.5p ordinary | SWAP | Opening Short | 10,746 | 6.7065 GBP | |||
10.5p ordinary | SWAP | Opening Short | 11,589 | 6.8633 GBP | |||
10.5p ordinary | SWAP | Opening Short | 11,834 | 6.7117 GBP | |||
10.5p ordinary | SWAP | Opening Short | 12,094 | 6.8371 GBP | |||
10.5p ordinary | SWAP | Opening Short | 12,632 | 6.6634 GBP | |||
10.5p ordinary | SWAP | Opening Short | 12,800 | 6.8286 GBP | |||
10.5p ordinary | SWAP | Opening Short | 14,187 | 6.7209 GBP | |||
10.5p ordinary | SWAP | Opening Short | 19,202 | 7.0000 GBP | |||
10.5p ordinary | SWAP | Opening Short | 19,915 | 6.9965 GBP | |||
10.5p ordinary | CFD | Opening Short | 21,236 | 6.7628 GBP | |||
10.5p ordinary | SWAP | Opening Short | 22,730 | 6.8349 GBP | |||
10.5p ordinary | SWAP | Opening Short | 22,842 | 6.8212 GBP | |||
10.5p ordinary | SWAP | Opening Short | 24,628 | 6.9565 GBP | |||
10.5p ordinary | SWAP | Opening Short | 25,287 | 6.8694 GBP | |||
10.5p ordinary | SWAP | Opening Short | 32,677 | 6.8028 GBP | |||
10.5p ordinary | SWAP | Opening Short | 32,700 | 6.7542 GBP | |||
10.5p ordinary | SWAP | Opening Short | 37,511 | 6.8227 GBP | |||
10.5p ordinary | SWAP | Opening Short | 39,828 | 6.8670 GBP | |||
10.5p ordinary | SWAP | Opening Short | 45,783 | 6.8090 GBP | |||
10.5p ordinary | SWAP | Opening Short | 53,470 | 6.7156 GBP | |||
10.5p ordinary | SWAP | Opening Short | 70,000 | 6.8855 GBP | |||
10.5p ordinary | SWAP | Opening Short | 84,922 | 6.8815 GBP | |||
10.5p ordinary | SWAP | Opening Short | 86,315 | 6.8081 GBP | |||
10.5p ordinary | CFD | Opening Short | 106,160 | 6.8850 GBP | |||
10.5p ordinary | CFD | Opening Short | 148,485 | 6.7757 GBP | |||
10.5p ordinary | CFD | Opening Short | 164,144 | 6.8749 GBP | |||
10.5p ordinary | CFD | Opening Short | 211,331 | 6.8730 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 Feb 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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