FORM 8.5 (EPT/NON-RI) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Name of exempt principal trader: |
BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
BARRATT DEVELOPMENTS PLC |
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(c) |
Name of the party to the offer with which exempt |
REDROW PLC |
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(d) |
Date position held/dealing undertaken: |
29 Jul 2024 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
YES: |
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2. |
POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing (if any) |
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Class of relevant security: |
10p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) Relevant securities owned and/or controlled: |
10,472,040 |
1.07% |
4,974,854 |
0.51% |
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(2) Cash-settled derivatives: |
3,936,695 |
0.40% |
9,114,814 |
0.94% |
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
0 |
0.00% |
0 |
0.00% |
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14,408,735 |
1.48% |
14,089,668 |
1.45% |
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(b) |
Rights to subscribe for new securities (including directors and other executive options) |
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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 |
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(a) |
Purchase and sales |
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Class of relevant |
Purchase/sale |
Total number of |
Highest price per unit |
Lowest price per unit |
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10p ordinary |
Purchase |
738586 |
5.2773 GBP |
5.1780 GBP |
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10p ordinary |
Sale |
1148783 |
5.2820 GBP |
5.1779 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product description |
Nature of dealing |
Number of |
Price per |
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10p ordinary |
SWAP |
Increasing Long |
3,883 |
5.2642 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
2,640 |
5.2359 GBP |
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10p ordinary |
CFD |
Increasing Long |
16,078 |
5.2287 GBP |
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10p ordinary |
CFD |
Increasing Long |
14,109 |
5.2332 GBP |
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10p ordinary |
CFD |
Increasing Long |
5,549 |
5.2667 GBP |
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10p ordinary |
CFD |
Increasing Long |
811 |
5.2755 GBP |
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10p ordinary |
CFD |
Increasing Long |
10,287 |
5.2759 GBP |
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10p ordinary |
CFD |
Decreasing Long |
689 |
5.1783 GBP |
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10p ordinary |
CFD |
Decreasing Long |
811 |
5.2304 GBP |
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10p ordinary |
CFD |
Decreasing Long |
26,365 |
5.2575 GBP |
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10p ordinary |
CFD |
Decreasing Long |
466 |
5.2611 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
58 |
5.2399 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
4,079 |
5.2550 GBP |
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10p ordinary |
SWAP |
Increasing Short |
100 |
5.2379 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
774 |
5.2309 GBP |
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10p ordinary |
SWAP |
Opening Long |
26,142 |
5.2757 GBP |
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10p ordinary |
SWAP |
Closing Long |
25,466 |
5.2760 GBP |
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10p ordinary |
SWAP |
Increasing Long |
1,025 |
5.2636 GBP |
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10p ordinary |
SWAP |
Increasing Long |
8,224 |
5.2740 GBP |
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10p ordinary |
SWAP |
Opening Short |
2,696 |
5.2079 GBP |
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10p ordinary |
SWAP |
Increasing Short |
580 |
5.2397 GBP |
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10p ordinary |
SWAP |
Increasing Short |
17,970 |
5.2429 GBP |
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10p ordinary |
SWAP |
Increasing Short |
7,716 |
5.2535 GBP |
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10p ordinary |
SWAP |
Increasing Short |
67,465 |
5.2546 GBP |
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10p ordinary |
SWAP |
Increasing Short |
18,659 |
5.2773 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
184,265 |
5.2461 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
26,785 |
5.2490 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
702 |
5.2680 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
113,617 |
5.2760 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
313 |
5.2820 GBP |
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10p ordinary |
SWAP |
Increasing Short |
34,690 |
5.2293 GBP |
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10p ordinary |
SWAP |
Increasing Short |
104 |
5.2300 GBP |
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10p ordinary |
SWAP |
Increasing Short |
19,683 |
5.2431 GBP |
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10p ordinary |
SWAP |
Increasing Short |
55,520 |
5.2691 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
2,000 |
5.2059 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
1,448 |
5.2092 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
16,449 |
5.2285 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
13,558 |
5.2316 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
5,965 |
5.2358 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
7,712 |
5.2385 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
43,386 |
5.2491 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
662 |
5.2499 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
45 |
5.2519 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
178 |
5.2661 GBP |
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10p ordinary |
SWAP |
Increasing Short |
12,712 |
5.2627 GBP |
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10p ordinary |
SWAP |
Increasing Short |
13,193 |
5.2654 GBP |
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10p ordinary |
SWAP |
Increasing Short |
906 |
5.2660 GBP |
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10p ordinary |
SWAP |
Increasing Short |
1,298 |
5.2665 GBP |
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10p ordinary |
SWAP |
Increasing Short |
1,693 |
5.2705 GBP |
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10p ordinary |
SWAP |
Increasing Short |
23,946 |
5.2760 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
606 |
5.2510 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
17,162 |
5.2477 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
49,127 |
5.2537 GBP |
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10p ordinary |
SWAP |
Opening Long |
89,822 |
5.2760 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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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) |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
30 Jul 2024 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |