Form 8.5 (EPT/NON-RI)BARRATT DEVELOPMENTS PLC

Barclays PLC
24 July 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

 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:

23 Jul 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:

10,894,430

1.12%

4,945,875

0.51%

(2) Cash-settled derivatives:

3,863,053

0.40%

9,418,190

0.97%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

14,757,483

1.51%

14,364,065

1.47%

 








(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

862446

4.9600  GBP

4.9210  GBP

10p ordinary

Sale

485879

4.9581  GBP

4.9191  GBP

 








(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

335,952

4.9600  GBP

10p ordinary

CFD

Decreasing Short

27,300

4.9368  GBP

10p ordinary

CFD

Decreasing Short

1,706

4.9480  GBP

10p ordinary

CFD

Opening Long

43,488

4.9555  GBP

10p ordinary

CFD

Increasing Long

29,263

4.9556  GBP

10p ordinary

CFD

Decreasing Long

3,950

4.9202  GBP

10p ordinary

CFD

Decreasing Long

4,657

4.9274  GBP

10p ordinary

CFD

Decreasing Long

4,327

4.9299  GBP

10p ordinary

CFD

Decreasing Long

11,310

4.9470  GBP

10p ordinary

CFD

Opening Short

63,185

4.9560  GBP

10p ordinary

SWAP

Decreasing Short

2,997

4.9368  GBP

10p ordinary

SWAP

Decreasing Short

730

4.9369  GBP

10p ordinary

SWAP

Decreasing Short

869

4.9373  GBP

10p ordinary

SWAP

Opening Long

5,582

4.9557  GBP

10p ordinary

SWAP

Decreasing Long

8

4.9375  GBP

10p ordinary

SWAP

Closing Long

3,163

4.9560  GBP

10p ordinary

SWAP

Decreasing Short

9,200

4.9222  GBP

10p ordinary

SWAP

Opening Long

4,925

4.9469  GBP

10p ordinary

SWAP

Decreasing Long

33

4.9348  GBP

10p ordinary

SWAP

Opening Short

47,875

4.9499  GBP

10p ordinary

SWAP

Increasing Long

420

4.9191  GBP

10p ordinary

SWAP

Increasing Long

1,724

4.9266  GBP

10p ordinary

SWAP

Increasing Long

2,093

4.9370  GBP

10p ordinary

SWAP

Increasing Long

15,481

4.9486  GBP

10p ordinary

SWAP

Decreasing Long

47

4.9313  GBP

10p ordinary

SWAP

Decreasing Long

1

4.9533  GBP

10p ordinary

SWAP

Decreasing Short

256

4.9260  GBP

10p ordinary

SWAP

Decreasing Short

8,616

4.9552  GBP

10p ordinary

SWAP

Decreasing Short

24,525

4.9560  GBP

10p ordinary

SWAP

Decreasing Short

5,337

4.9567  GBP

10p ordinary

SWAP

Increasing Short

21,789

4.9313  GBP

10p ordinary

SWAP

Increasing Short

17,105

4.9324  GBP

10p ordinary

SWAP

Increasing Short

542

4.9340  GBP

10p ordinary

SWAP

Increasing Short

1,263

4.9484  GBP

10p ordinary

SWAP

Increasing Short

16,054

4.9560  GBP

10p ordinary

SWAP

Decreasing Short

118

4.9189  GBP

10p ordinary

SWAP

Decreasing Short

1,888

4.9226  GBP

10p ordinary

SWAP

Decreasing Short

4,185

4.9363  GBP

10p ordinary

SWAP

Decreasing Short

2,492

4.9405  GBP

10p ordinary

SWAP

Decreasing Short

1,855

4.9424  GBP

10p ordinary

SWAP

Decreasing Short

244

4.9431  GBP

10p ordinary

SWAP

Decreasing Short

2,434

4.9559  GBP

10p ordinary

SWAP

Decreasing Short

4,220

4.9564  GBP

10p ordinary

SWAP

Decreasing Short

4,747

4.9574  GBP

10p ordinary

SWAP

Decreasing Short

952

4.9618  GBP

10p ordinary

SWAP

Increasing Short

1,479

4.9249  GBP

10p ordinary

SWAP

Increasing Short

8

4.9250  GBP

10p ordinary

SWAP

Increasing Short

7,116

4.9273  GBP

10p ordinary

SWAP

Increasing Short

1,339

4.9274  GBP

10p ordinary

SWAP

Increasing Short

6,498

4.9342  GBP

10p ordinary

SWAP

Decreasing Short

260

4.9372  GBP

10p ordinary

SWAP

Opening Short

3,545

4.9560  GBP

10p ordinary

SWAP

Decreasing Short

4,084

4.9560  GBP

10p ordinary

SWAP

Increasing Short

15,656

4.9323  GBP

10p ordinary

SWAP

Increasing Short

11,060

4.9367  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:

24 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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