Source - LSE Regulatory
RNS Number : 1242B
Barclays PLC
20 August 2024
 

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

 

relevant securities this form relates:

 

(c)

Name of the party to the offer with which exempt

REDROW PLC

 

principal trader is connected

 

 

(d)

Date position held/dealing undertaken:

 

19 Aug 2024

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

 

 

 

trader making disclosures in respect of any other party to the offer?

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:

 

 

9,584,776

0.98%

3,895,279

0.40%

(2)

Cash-settled derivatives:

 

 

 

 

 

and/or controlled:

 

 

2,957,608

0.30%

8,323,449

0.85%

(3)

Stock-settled derivatives (including options)

 

 

 

 

 

and agreements to purchase/sell:

 

 

0

0.00%

0

0.00%

 

 

 

 

 

 

 

 

 

TOTAL:

 

 

12,542,384

1.29%

12,218,728

1.25%

(b)

Rights to subscribe for new securities (including directors and other executive

 

 

options)

 

 

 

 

 

 

Class of relevant security in relation to

 

 

 

 

which subscription right exists

 

 

 

 

Details, including nature of the rights

 

 

 

 

concerned and relevant percentages:

 

 

 

 

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

 

 

 

 

 

Class of relevant

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

security

 

securities

paid/received

paid/received

10p ordinary

Purchase

542,230

5.5400  GBP

5.3720  GBP

10p ordinary

Sale

1,804,539

5.5400  GBP

5.3580  GBP

ADR

Purchase

2,000

14.2800  USD

14.2800  USD

ADR

Sale

2,000

14.2800  USD

14.2800  USD

 

 

 

 

 

 

 

 

(b)

Cash-settled derivative transactions

 

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

 

reference

unit

security

 

 

securities

 

10p ordinary

SWAP

Decreasing Long

523

5.4979  GBP

10p ordinary

SWAP

Decreasing Long

63

5.4984  GBP

10p ordinary

SWAP

Decreasing Long

198

5.5044  GBP

10p ordinary

SWAP

Decreasing Long

507

5.5045  GBP

10p ordinary

SWAP

Decreasing Long

431

5.5056  GBP

10p ordinary

SWAP

Decreasing Long

1,126

5.5108  GBP

10p ordinary

SWAP

Decreasing Long

3,231

5.5122  GBP

10p ordinary

SWAP

Decreasing Long

110

5.5211  GBP

10p ordinary

CFD

Decreasing Short

994

5.3815  GBP

10p ordinary

CFD

Decreasing Short

2,170

5.4029  GBP

10p ordinary

CFD

Decreasing Short

17,785

5.4060  GBP

10p ordinary

CFD

Decreasing Short

2,301

5.4189  GBP

10p ordinary

CFD

Opening Long

58,765

5.4643  GBP

10p ordinary

CFD

Increasing Long

34,030

5.4836  GBP

10p ordinary

CFD

Increasing Long

6,421

5.5240  GBP

10p ordinary

CFD

Increasing Long

15,404

5.5395  GBP

10p ordinary

CFD

Decreasing Long

1,958

5.4760  GBP

10p ordinary

CFD

Decreasing Long

3,340

5.4959  GBP

10p ordinary

CFD

Decreasing Long

2,558

5.5259  GBP

10p ordinary

CFD

Decreasing Long

2,994

5.5310  GBP

10p ordinary

CFD

Decreasing Long

212

5.5400  GBP

10p ordinary

SWAP

Decreasing Short

13,444

5.4491  GBP

10p ordinary

SWAP

Opening Short

32

5.5200  GBP

10p ordinary

SWAP

Decreasing Short

10,100

5.5234  GBP

10p ordinary

SWAP

Decreasing Short

723

5.4553  GBP

10p ordinary

SWAP

Decreasing Short

139,322

5.5201  GBP

10p ordinary

SWAP

Decreasing Short

7,897

5.5197  GBP

10p ordinary

SWAP

Decreasing Short

69,521

5.5372  GBP

10p ordinary

SWAP

Increasing Short

5,550

5.4250  GBP

10p ordinary

SWAP

Increasing Short

225

5.5302  GBP

10p ordinary

SWAP

Increasing Short

60

5.5400  GBP

10p ordinary

SWAP

Increasing Long

548

5.5240  GBP

10p ordinary

SWAP

Decreasing Short

251,053

5.3580  GBP

10p ordinary

SWAP

Decreasing Short

3,404

5.4073  GBP

10p ordinary

SWAP

Decreasing Short

156,183

5.4727  GBP

10p ordinary

SWAP

Decreasing Short

23,836

5.5290  GBP

10p ordinary

SWAP

Decreasing Short

84,394

5.5296  GBP

10p ordinary

SWAP

Decreasing Short

297

5.5320  GBP

10p ordinary

SWAP

Decreasing Short

65,960

5.5400  GBP

10p ordinary

SWAP

Increasing Short

2,213

5.4093  GBP

10p ordinary

SWAP

Increasing Short

607

5.4160  GBP

10p ordinary

SWAP

Increasing Short

39,899

5.4420  GBP

10p ordinary

SWAP

Increasing Short

7,385

5.4838  GBP

10p ordinary

SWAP

Increasing Short

17

5.5400  GBP

10p ordinary

SWAP

Decreasing Short

39,262

5.4740  GBP

10p ordinary

SWAP

Decreasing Short

12,997

5.4817  GBP

10p ordinary

SWAP

Decreasing Short

22,401

5.4834  GBP

10p ordinary

SWAP

Decreasing Short

11,541

5.5010  GBP

10p ordinary

SWAP

Decreasing Short

12,628

5.5011  GBP

10p ordinary

SWAP

Decreasing Short

20,034

5.5039  GBP

10p ordinary

SWAP

Decreasing Short

29,725

5.5072  GBP

10p ordinary

SWAP

Decreasing Short

17,919

5.5158  GBP

10p ordinary

SWAP

Decreasing Short

3,604

5.5173  GBP

10p ordinary

SWAP

Decreasing Short

28,732

5.5199  GBP

10p ordinary

SWAP

Increasing Short

1,831

5.4124  GBP

10p ordinary

SWAP

Increasing Short

1,291

5.4174  GBP

10p ordinary

SWAP

Increasing Short

3,248

5.4394  GBP

10p ordinary

SWAP

Increasing Short

191

5.4879  GBP

10p ordinary

SWAP

Increasing Short

980

5.5284  GBP

10p ordinary

SWAP

Increasing Short

9,214

5.5298  GBP

10p ordinary

SWAP

Increasing Short

1,046

5.5301  GBP

10p ordinary

SWAP

Increasing Short

3,066

5.5303  GBP

10p ordinary

SWAP

Increasing Short

3,967

5.5311  GBP

10p ordinary

SWAP

Increasing Short

140,446

5.5400  GBP

10p ordinary

SWAP

Decreasing Short

1,218

5.4500  GBP

10p ordinary

SWAP

Decreasing Short

1,891

5.5303  GBP

10p ordinary

SWAP

Closing Short

2,429

5.5310  GBP

10p ordinary

SWAP

Increasing Long

48,432

5.4037  GBP

10p ordinary

SWAP

Increasing Long

48,432

5.5028  GBP

10p ordinary

SWAP

Increasing Long

12,133

5.5292  GBP

10p ordinary

SWAP

Decreasing Long

413

5.4273  GBP

10p ordinary

SWAP

Opening Long

83,953

5.4661  GBP

10p ordinary

SWAP

Increasing Long

117,687

5.5400  GBP

10p ordinary

SWAP

Decreasing Long

48

5.5400  GBP

10p ordinary

SWAP

Increasing Short

19,714

5.3580  GBP

 

 

 

 

 

 

 

 

(c)

Stock-settled derivative transactions (including options)

 

(i)

Writing, selling, purchasing or varying

 

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

 

date

money

relevant

 

selling,

securities

per unit

 

 

paid/

security

 

varying etc

to which

 

 

 

received

 

 

 

option

 

 

 

per unit

 

 

 

relates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

Exercising

 

 

 

 

 

 

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

 

 

securities

unit

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)

Other dealings (including subscribing for new securities)

 

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

 

 

applicable)

 

 

 

 

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:

20 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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