1st Jul 2024 11:13
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: | 28 Jun 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: | 11,794,504 | 1.21% | 6,720,922 | 0.69% | |||
(2) Cash-settled derivatives: | 5,825,130 | 0.60% | 10,344,609 | 1.06% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 17,619,634 | 1.81% | 17,065,531 | 1.75% | |||
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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 | 1414059 | 4.7525 GBP | 4.6960 GBP | |||
10p ordinary | Sale | 2656982 | 4.7500 GBP | 4.6960 GBP | |||
ADR | Purchase | 840 | 11.8600 USD | 11.8600 USD | |||
ADR | Sale | 840 | 11.8600 USD | 11.8600 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 | Opening Long | 1,148,846 | 4.7220 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,374 | 4.7058 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,220 | 4.7215 GBP | |||
10p ordinary | SWAP | Decreasing Long | 13,267 | 4.7220 GBP | |||
10p ordinary | SWAP | Decreasing Long | 20,486 | 4.7288 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,143 | 4.7397 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,693 | 4.7402 GBP | |||
10p ordinary | SWAP | Decreasing Long | 124 | 4.7524 GBP | |||
10p ordinary | CFD | Decreasing Short | 30,963 | 4.7213 GBP | |||
10p ordinary | CFD | Decreasing Short | 19,459 | 4.7216 GBP | |||
10p ordinary | CFD | Decreasing Short | 17,603 | 4.7500 GBP | |||
10p ordinary | CFD | Increasing Short | 14,359 | 4.7220 GBP | |||
10p ordinary | CFD | Increasing Short | 3,362 | 4.7303 GBP | |||
10p ordinary | CFD | Increasing Short | 29,293 | 4.7348 GBP | |||
10p ordinary | CFD | Increasing Short | 3,244 | 4.7481 GBP | |||
10p ordinary | CFD | Increasing Short | 439 | 4.7482 GBP | |||
10p ordinary | SWAP | Opening Long | 251 | 4.7500 GBP | |||
10p ordinary | SWAP | Opening Short | 4,645 | 4.7222 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,163 | 4.7365 GBP | |||
10p ordinary | SWAP | Increasing Short | 110 | 4.7409 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,900 | 4.7218 GBP | |||
10p ordinary | SWAP | Increasing Long | 651 | 4.7220 GBP | |||
10p ordinary | SWAP | Decreasing Long | 75,124 | 4.7198 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,457 | 4.7263 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,374 | 4.7371 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,848 | 4.7189 GBP | |||
10p ordinary | SWAP | Decreasing Short | 132,961 | 4.7220 GBP | |||
10p ordinary | SWAP | Decreasing Short | 50,445 | 4.7222 GBP | |||
10p ordinary | SWAP | Decreasing Short | 69,374 | 4.7278 GBP | |||
10p ordinary | SWAP | Decreasing Short | 699 | 4.7410 GBP | |||
10p ordinary | SWAP | Decreasing Short | 148 | 4.7440 GBP | |||
10p ordinary | SWAP | Increasing Short | 37,408 | 4.7129 GBP | |||
10p ordinary | SWAP | Increasing Short | 15,222 | 4.7220 GBP | |||
10p ordinary | SWAP | Increasing Short | 347 | 4.7300 GBP | |||
10p ordinary | SWAP | Increasing Short | 853 | 4.7335 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,039 | 4.7489 GBP | |||
10p ordinary | SWAP | Decreasing Short | 27,063 | 4.7303 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,458 | 4.7367 GBP | |||
10p ordinary | SWAP | Decreasing Short | 665 | 4.7390 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,344 | 4.7428 GBP | |||
10p ordinary | SWAP | Increasing Short | 10,437 | 4.7144 GBP | |||
10p ordinary | SWAP | Increasing Short | 29,810 | 4.7160 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,552 | 4.7181 GBP | |||
10p ordinary | SWAP | Increasing Short | 8,539 | 4.7192 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,042 | 4.7211 GBP | |||
10p ordinary | SWAP | Increasing Short | 134,369 | 4.7220 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,318 | 4.7228 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,364 | 4.7252 GBP | |||
10p ordinary | SWAP | Increasing Short | 4,083 | 4.7277 GBP | |||
10p ordinary | SWAP | Increasing Short | 219 | 4.7428 GBP | |||
10p ordinary | SWAP | Increasing Long | 104,885 | 4.7220 GBP | |||
10p ordinary | SWAP | Increasing Long | 38,027 | 4.7268 GBP | |||
10p ordinary | SWAP | Decreasing Long | 26,553 | 4.7280 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: | 01 Jul 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
Related Shares:
BarclaysBarratt Developments