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 Jul 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: | 10,208,272 | 1.05% | 4,778,273 | 0.49% | |||
(2) Cash-settled derivatives: | 3,729,385 | 0.38% | 8,789,522 | 0.90% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| 13,937,657 | 1.43% | 13,567,795 | 1.39% | |||
| | | | | | | |
(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 | 2297658 | 5.0922 GBP | 4.9945 GBP | |||
10p ordinary | Sale | 2475223 | 5.0920 GBP | 4.9740 GBP | |||
| | | | | | | |
(b) | Cash-settled derivative transactions | ||||||
Class of | Product description | Nature of dealing | Number of | Price per | |||
10p ordinary | SWAP | Opening Long | 13,190 | 5.0614 GBP | |||
10p ordinary | SWAP | Decreasing Long | 218,072 | 5.0000 GBP | |||
10p ordinary | CFD | Increasing Long | 4,426 | 4.9936 GBP | |||
10p ordinary | CFD | Increasing Long | 10,789 | 5.0153 GBP | |||
10p ordinary | CFD | Increasing Long | 1,165 | 5.0768 GBP | |||
10p ordinary | CFD | Increasing Long | 780 | 5.0915 GBP | |||
10p ordinary | CFD | Increasing Long | 22,352 | 5.0919 GBP | |||
10p ordinary | CFD | Decreasing Long | 3,088 | 4.9762 GBP | |||
10p ordinary | CFD | Decreasing Long | 780 | 5.0023 GBP | |||
10p ordinary | CFD | Decreasing Long | 33,141 | 5.0219 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,195 | 5.0664 GBP | |||
10p ordinary | SWAP | Decreasing Short | 755 | 5.0558 GBP | |||
10p ordinary | SWAP | Decreasing Short | 100 | 5.0639 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,041 | 5.0280 GBP | |||
10p ordinary | SWAP | Increasing Long | 319 | 5.0616 GBP | |||
10p ordinary | SWAP | Increasing Long | 319 | 5.0776 GBP | |||
10p ordinary | SWAP | Increasing Long | 5,789 | 5.0903 GBP | |||
10p ordinary | SWAP | Decreasing Long | 230 | 5.0308 GBP | |||
10p ordinary | SWAP | Decreasing Long | 2 | 5.0922 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,403 | 5.0198 GBP | |||
10p ordinary | SWAP | Decreasing Short | 128,345 | 5.0313 GBP | |||
10p ordinary | SWAP | Decreasing Short | 46,514 | 5.0908 GBP | |||
10p ordinary | SWAP | Decreasing Short | 99,914 | 5.0919 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,442 | 5.0007 GBP | |||
10p ordinary | SWAP | Increasing Short | 118 | 5.0260 GBP | |||
10p ordinary | SWAP | Increasing Short | 253 | 5.0271 GBP | |||
10p ordinary | SWAP | Increasing Short | 33,326 | 5.0563 GBP | |||
10p ordinary | SWAP | Increasing Short | 39,546 | 5.0834 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,139 | 5.0063 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,165 | 5.0092 GBP | |||
10p ordinary | SWAP | Decreasing Short | 8,168 | 5.0104 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,906 | 5.0149 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,260 | 5.0158 GBP | |||
10p ordinary | SWAP | Decreasing Short | 488 | 5.0199 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,662 | 5.0209 GBP | |||
10p ordinary | SWAP | Decreasing Short | 9,089 | 5.0890 GBP | |||
10p ordinary | SWAP | Decreasing Short | 43,546 | 5.0919 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,213 | 5.0348 GBP | |||
10p ordinary | SWAP | Increasing Short | 14,065 | 5.0414 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,151 | 5.0515 GBP | |||
10p ordinary | SWAP | Increasing Short | 937 | 5.0539 GBP | |||
10p ordinary | SWAP | Increasing Short | 8,045 | 5.0545 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,253 | 5.0592 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,129 | 5.0595 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,174 | 5.0610 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,731 | 5.0611 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,234 | 5.0860 GBP | |||
10p ordinary | SWAP | Decreasing Short | 22,144 | 5.0044 GBP | |||
10p ordinary | SWAP | Decreasing Short | 35,280 | 5.0916 GBP | |||
10p ordinary | SWAP | Decreasing Short | 56,630 | 5.0388 GBP | |||
10p ordinary | SWAP | Decreasing Short | 65,420 | 5.0920 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 Jul 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 |
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