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)
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Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
|
Date position held/dealing undertaken:
|
29 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:
|
14,078,274
|
1.44%
|
6,212,438
|
0.64%
|
(2)
Cash-settled derivatives:
|
5,280,472
|
0.54%
|
12,666,501
|
1.30%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
19,358,746
|
1.99%
|
18,878,939
|
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
|
362762
|
4.5973
GBP
|
4.5575
GBP
|
10p
ordinary
|
Sale
|
223891
|
4.6010
GBP
|
4.5580
GBP
|
ADR
|
Purchase
|
1500
|
11.4100
USD
|
11.4100
USD
|
ADR
|
Sale
|
1500
|
11.4100
USD
|
11.4100
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
|
Decreasing
Long
|
1
|
4.5714
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
3
|
4.5714
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
27
|
4.5929
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
108
|
4.5804
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
108
|
4.5704
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
109
|
4.5713
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
110
|
4.5756
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
152
|
4.5704
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
434
|
4.5700
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
502
|
4.5683
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
517
|
4.5967
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
903
|
4.5796
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
953
|
4.5724
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,346
|
4.5976
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,565
|
4.5692
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,269
|
4.5798
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,350
|
4.5725
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,525
|
4.5735
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,062
|
4.5670
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
5,498
|
4.5965
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,998
|
4.5747
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
7,531
|
4.5700
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
14,924
|
4.5795
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
15,592
|
4.5748
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
29,806
|
4.5681
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
53
|
4.5779
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
78
|
4.5729
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
542
|
4.5756
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
671
|
4.5699
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
700
|
4.5792
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
850
|
4.5742
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
958
|
4.5719
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
967
|
4.5765
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,034
|
4.5929
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,037
|
4.5740
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,472
|
4.5690
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,476
|
4.5738
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,516
|
4.5791
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,900
|
4.5772
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
6,843
|
4.5660
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,217
|
4.5802
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
22,131
|
4.5905
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
290
|
4.5610
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
567
|
4.5576
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
3,109
|
4.5720
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
3,910
|
4.5670
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
4,428
|
4.5904
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
15,652
|
4.5721
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
16,990
|
4.5700
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
18,024
|
4.5837
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
66
|
4.5758
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
100
|
4.5707
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
140
|
4.5780
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
195
|
4.5790
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
382
|
4.5824
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
561
|
4.5770
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
891
|
4.5640
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,080
|
4.5851
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,374
|
4.5643
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,706
|
4.5656
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,823
|
4.5753
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
13,990
|
4.5673
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
19,509
|
4.5698
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
20,499
|
4.5756
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
21,156
|
4.5755
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
44,130
|
4.5700
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
44,681
|
4.5736
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:
|
30 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|