24th Jul 2024 11:49
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: | 23 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: | 10,894,430 | 1.12% | 4,945,875 | 0.51% | |||
(2) Cash-settled derivatives: | 3,863,053 | 0.40% | 9,418,190 | 0.97% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 14,757,483 | 1.51% | 14,364,065 | 1.47% | |||
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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 | 862446 | 4.9600 GBP | 4.9210 GBP | |||
10p ordinary | Sale | 485879 | 4.9581 GBP | 4.9191 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 | Decreasing Long | 335,952 | 4.9600 GBP | |||
10p ordinary | CFD | Decreasing Short | 27,300 | 4.9368 GBP | |||
10p ordinary | CFD | Decreasing Short | 1,706 | 4.9480 GBP | |||
10p ordinary | CFD | Opening Long | 43,488 | 4.9555 GBP | |||
10p ordinary | CFD | Increasing Long | 29,263 | 4.9556 GBP | |||
10p ordinary | CFD | Decreasing Long | 3,950 | 4.9202 GBP | |||
10p ordinary | CFD | Decreasing Long | 4,657 | 4.9274 GBP | |||
10p ordinary | CFD | Decreasing Long | 4,327 | 4.9299 GBP | |||
10p ordinary | CFD | Decreasing Long | 11,310 | 4.9470 GBP | |||
10p ordinary | CFD | Opening Short | 63,185 | 4.9560 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,997 | 4.9368 GBP | |||
10p ordinary | SWAP | Decreasing Short | 730 | 4.9369 GBP | |||
10p ordinary | SWAP | Decreasing Short | 869 | 4.9373 GBP | |||
10p ordinary | SWAP | Opening Long | 5,582 | 4.9557 GBP | |||
10p ordinary | SWAP | Decreasing Long | 8 | 4.9375 GBP | |||
10p ordinary | SWAP | Closing Long | 3,163 | 4.9560 GBP | |||
10p ordinary | SWAP | Decreasing Short | 9,200 | 4.9222 GBP | |||
10p ordinary | SWAP | Opening Long | 4,925 | 4.9469 GBP | |||
10p ordinary | SWAP | Decreasing Long | 33 | 4.9348 GBP | |||
10p ordinary | SWAP | Opening Short | 47,875 | 4.9499 GBP | |||
10p ordinary | SWAP | Increasing Long | 420 | 4.9191 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,724 | 4.9266 GBP | |||
10p ordinary | SWAP | Increasing Long | 2,093 | 4.9370 GBP | |||
10p ordinary | SWAP | Increasing Long | 15,481 | 4.9486 GBP | |||
10p ordinary | SWAP | Decreasing Long | 47 | 4.9313 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1 | 4.9533 GBP | |||
10p ordinary | SWAP | Decreasing Short | 256 | 4.9260 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8,616 | 4.9552 GBP | |||
10p ordinary | SWAP | Decreasing Short | 24,525 | 4.9560 GBP | |||
10p ordinary | SWAP | Decreasing Short | 5,337 | 4.9567 GBP | |||
10p ordinary | SWAP | Increasing Short | 21,789 | 4.9313 GBP | |||
10p ordinary | SWAP | Increasing Short | 17,105 | 4.9324 GBP | |||
10p ordinary | SWAP | Increasing Short | 542 | 4.9340 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,263 | 4.9484 GBP | |||
10p ordinary | SWAP | Increasing Short | 16,054 | 4.9560 GBP | |||
10p ordinary | SWAP | Decreasing Short | 118 | 4.9189 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,888 | 4.9226 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,185 | 4.9363 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,492 | 4.9405 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,855 | 4.9424 GBP | |||
10p ordinary | SWAP | Decreasing Short | 244 | 4.9431 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,434 | 4.9559 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,220 | 4.9564 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,747 | 4.9574 GBP | |||
10p ordinary | SWAP | Decreasing Short | 952 | 4.9618 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,479 | 4.9249 GBP | |||
10p ordinary | SWAP | Increasing Short | 8 | 4.9250 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,116 | 4.9273 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,339 | 4.9274 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,498 | 4.9342 GBP | |||
10p ordinary | SWAP | Decreasing Short | 260 | 4.9372 GBP | |||
10p ordinary | SWAP | Opening Short | 3,545 | 4.9560 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,084 | 4.9560 GBP | |||
10p ordinary | SWAP | Increasing Short | 15,656 | 4.9323 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,060 | 4.9367 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: | 24 Jul 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysBarratt Developments