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 | BARRATT DEVELOPMENTS PLC | |||||
(c) | Name of the party to the offer with which exempt | REDROW PLC | |||||
(d) | Date position held/dealing undertaken: | 25 Apr 2024 | |||||
(e) | In addition to the company in 1(b) above, is the exempt principal | YES: | |||||
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: | 14,019,601 | 1.44% | 6,398,898 | 0.66% | |||
(2) Cash-settled derivatives: | 5,462,463 | 0.56% | 12,589,150 | 1.29% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| 19,482,064 | 2.00% | 18,988,048 | 1.95% | |||
| | | | | | | |
(b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
Class of relevant security in relation to |
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Details, including nature of the rights |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchase and sales |
| | | | | |
Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
10p ordinary | Purchase | 1577693 | 4.5490 GBP | 4.4641 GBP | |||
10p ordinary | Sale | 944685 | 4.5534 GBP | 4.4530 GBP | |||
| | | | | | | |
(b) | Cash-settled derivative transactions | ||||||
Class of | Product description | Nature of dealing | Number of | Price per | |||
10p ordinary | SWAP | Decreasing Long | 13 | 4.5317 GBP | |||
10p ordinary | SWAP | Decreasing Long | 15 | 4.5296 GBP | |||
10p ordinary | SWAP | Decreasing Long | 20 | 4.4656 GBP | |||
10p ordinary | SWAP | Decreasing Long | 52 | 4.4694 GBP | |||
10p ordinary | SWAP | Decreasing Long | 55 | 4.5059 GBP | |||
10p ordinary | SWAP | Decreasing Long | 66 | 4.4869 GBP | |||
10p ordinary | SWAP | Decreasing Long | 109 | 4.4860 GBP | |||
10p ordinary | SWAP | Decreasing Long | 172 | 4.4867 GBP | |||
10p ordinary | SWAP | Decreasing Long | 198 | 4.4878 GBP | |||
10p ordinary | SWAP | Decreasing Long | 222 | 4.4763 GBP | |||
10p ordinary | SWAP | Decreasing Long | 240 | 4.4955 GBP | |||
10p ordinary | SWAP | Decreasing Long | 250 | 4.4673 GBP | |||
10p ordinary | SWAP | Decreasing Long | 271 | 4.4930 GBP | |||
10p ordinary | SWAP | Decreasing Long | 292 | 4.4882 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,387 | 4.5328 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,635 | 4.4699 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,847 | 4.4898 GBP | |||
10p ordinary | SWAP | Decreasing Long | 1,888 | 4.4800 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,307 | 4.4755 GBP | |||
10p ordinary | CFD | Decreasing Long | 2,391 | 4.4783 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2,707 | 4.4844 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,148 | 4.5073 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,805 | 4.5034 GBP | |||
10p ordinary | SWAP | Decreasing Long | 5,109 | 4.4667 GBP | |||
10p ordinary | SWAP | Decreasing Long | 6,209 | 4.5084 GBP | |||
10p ordinary | CFD | Decreasing Long | 9,489 | 4.4879 GBP | |||
10p ordinary | SWAP | Decreasing Long | 10,820 | 4.5072 GBP | |||
10p ordinary | SWAP | Decreasing Long | 16,243 | 4.4845 GBP | |||
10p ordinary | SWAP | Decreasing Long | 18,408 | 4.5051 GBP | |||
10p ordinary | CFD | Decreasing Long | 19,405 | 4.4880 GBP | |||
10p ordinary | SWAP | Decreasing Long | 99,814 | 4.4880 GBP | |||
10p ordinary | SWAP | Decreasing Long | 128,853 | 4.5038 GBP | |||
10p ordinary | SWAP | Decreasing Short | 11 | 4.4529 GBP | |||
10p ordinary | SWAP | Decreasing Short | 24 | 4.4619 GBP | |||
10p ordinary | SWAP | Decreasing Short | 59 | 4.4581 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,068 | 4.5407 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,308 | 4.4830 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,411 | 4.5363 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,787 | 4.4719 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,092 | 4.5354 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,325 | 4.4879 GBP | |||
10p ordinary | SWAP | Decreasing Short | 25,137 | 4.5368 GBP | |||
10p ordinary | SWAP | Decreasing Short | 39,727 | 4.4875 GBP | |||
10p ordinary | SWAP | Decreasing Short | 78,348 | 4.5148 GBP | |||
10p ordinary | CFD | Increasing Long | 122 | 4.4812 GBP | |||
10p ordinary | CFD | Increasing Long | 887 | 4.4880 GBP | |||
10p ordinary | CFD | Increasing Long | 2,391 | 4.4876 GBP | |||
10p ordinary | CFD | Increasing Long | 9,688 | 4.4879 GBP | |||
10p ordinary | CFD | Increasing Long | 18,252 | 4.5196 GBP | |||
10p ordinary | CFD | Increasing Long | 19,954 | 4.5041 GBP | |||
10p ordinary | SWAP | Increasing Short | 478 | 4.5195 GBP | |||
10p ordinary | SWAP | Increasing Short | 936 | 4.4950 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,294 | 4.5237 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,708 | 4.5404 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,015 | 4.4641 GBP | |||
10p ordinary | SWAP | Increasing Short | 4,263 | 4.5345 GBP | |||
10p ordinary | SWAP | Increasing Short | 4,692 | 4.5341 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,868 | 4.5118 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,523 | 4.4647 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,682 | 4.5311 GBP | |||
10p ordinary | SWAP | Increasing Short | 10,549 | 4.5059 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,547 | 4.5403 GBP | |||
10p ordinary | SWAP | Increasing Short | 22,005 | 4.4819 GBP | |||
10p ordinary | SWAP | Increasing Short | 25,913 | 4.4880 GBP | |||
10p ordinary | SWAP | Increasing Short | 29,675 | 4.4876 GBP | |||
10p ordinary | SWAP | Increasing Short | 50,000 | 4.4886 GBP | |||
10p ordinary | SWAP | Increasing Short | 50,584 | 4.4719 GBP | |||
10p ordinary | SWAP | Increasing Short | 78,223 | 4.5266 GBP | |||
10p ordinary | SWAP | Increasing Short | 88,607 | 4.4684 GBP | |||
10p ordinary | SWAP | Increasing Short | 89,870 | 4.4761 GBP | |||
| | | | | | | |
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
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(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
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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, | |||||||
NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives | ||||||
Details of any agreement, arrangement or understanding, formal or informal, between | |||||||
NONE | |||||||
(c) | Attachments | ||||||
Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
Date of disclosure: | 26 Apr 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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