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:
|
24 Apr 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:
|
13,690,526
|
1.40%
|
6,702,734
|
0.69%
|
(2)
Cash-settled derivatives:
|
5,750,609
|
0.59%
|
12,247,015
|
1.26%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
19,441,135
|
1.99%
|
18,949,749
|
1.94%
|
|
|
|
|
|
|
|
|
(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)
|
Purchase and sales
|
|
|
|
|
|
|
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
|
1441476
|
4.5830
GBP
|
4.4870
GBP
|
10p
ordinary
|
Sale
|
746405
|
4.5830
GBP
|
4.4870
GBP
|
ADR
|
Purchase
|
746
|
11.2700
USD
|
11.2100
USD
|
ADR
|
Sale
|
746
|
11.2700
USD
|
11.2100
USD
|
|
|
|
|
|
|
|
|
(b)
|
Cash-settled derivative transactions
|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
10p
ordinary
|
SWAP
|
Closing
Short
|
561
|
4.5307
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
10,000
|
4.5457
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
12,646
|
4.4922
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
20,442
|
4.4920
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2
|
4.4874
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
9
|
4.5340
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
11
|
4.5394
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
11
|
4.5274
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
34
|
4.5829
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
50
|
4.5363
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
53
|
4.5545
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
72
|
4.5436
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
90
|
4.5022
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
150
|
4.5193
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
206
|
4.5487
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
340
|
4.5430
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
380
|
4.5419
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
561
|
4.5078
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
573
|
4.5426
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
800
|
4.5471
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
933
|
4.5435
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
997
|
4.5422
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,324
|
4.5476
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,388
|
4.5525
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
7,902
|
4.5054
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
12,569
|
4.4923
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
20,477
|
4.4920
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
29,904
|
4.5698
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
46,577
|
4.5144
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
90,378
|
4.4920
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
207
|
4.5490
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
282
|
4.5360
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
485
|
4.5338
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
507
|
4.4884
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
751
|
4.5425
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,029
|
4.5486
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,541
|
4.5459
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
4,733
|
4.5521
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,576
|
4.5460
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,353
|
4.5328
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,933
|
4.4915
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
18,059
|
4.4901
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
31,152
|
4.4959
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
36,930
|
4.5470
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
399
|
4.5542
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
754
|
4.4916
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,781
|
4.4920
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
38,851
|
4.5463
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
550
|
4.5390
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
630
|
4.5156
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
751
|
4.5360
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,335
|
4.5293
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,904
|
4.5329
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,079
|
4.5013
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,259
|
4.5367
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,702
|
4.5163
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,712
|
4.5283
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,691
|
4.5229
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,319
|
4.5210
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
13,402
|
4.5024
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
15,138
|
4.5151
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
16,607
|
4.5419
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
21,295
|
4.5295
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
23,523
|
4.5082
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
31,003
|
4.5208
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
39,249
|
4.5413
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
40,877
|
4.4987
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
49,119
|
4.5131
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
55,328
|
4.4926
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
71,430
|
4.5048
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
226,131
|
4.4920
GBP
|
|
|
|
|
|
|
|
|
(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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii)
|
Exercising
|
|
|
|
|
|
|
Class of relevant
security
|
Product
description
|
Exercising/ exercised
against
|
Number of
securities
|
Exercise price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(d)
|
Other dealings (including subscribing for new
securities)
|
Class of relevant
security
|
Nature of
Dealings
|
Details
|
Price per unit (if
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:
|
25 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|