Form 8.5 (EPT/NON-RI) - Barratt Developments plc

Barclays PLC
30 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:

29 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:

10,472,040

1.07%

4,974,854

0.51%

(2) Cash-settled derivatives:

3,936,695

0.40%

9,114,814

0.94%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

14,408,735

1.48%

14,089,668

1.45%

 








(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

738586

5.2773  GBP

5.1780  GBP

10p ordinary

Sale

1148783

5.2820  GBP

5.1779  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

Increasing Long

3,883

5.2642  GBP

10p ordinary

SWAP

Decreasing Long

2,640

5.2359  GBP

10p ordinary

CFD

Increasing Long

16,078

5.2287  GBP

10p ordinary

CFD

Increasing Long

14,109

5.2332  GBP

10p ordinary

CFD

Increasing Long

5,549

5.2667  GBP

10p ordinary

CFD

Increasing Long

811

5.2755  GBP

10p ordinary

CFD

Increasing Long

10,287

5.2759  GBP

10p ordinary

CFD

Decreasing Long

689

5.1783  GBP

10p ordinary

CFD

Decreasing Long

811

5.2304  GBP

10p ordinary

CFD

Decreasing Long

26,365

5.2575  GBP

10p ordinary

CFD

Decreasing Long

466

5.2611  GBP

10p ordinary

SWAP

Decreasing Short

58

5.2399  GBP

10p ordinary

SWAP

Decreasing Short

4,079

5.2550  GBP

10p ordinary

SWAP

Increasing Short

100

5.2379  GBP

10p ordinary

SWAP

Decreasing Short

774

5.2309  GBP

10p ordinary

SWAP

Opening Long

26,142

5.2757  GBP

10p ordinary

SWAP

Closing Long

25,466

5.2760  GBP

10p ordinary

SWAP

Increasing Long

1,025

5.2636  GBP

10p ordinary

SWAP

Increasing Long

8,224

5.2740  GBP

10p ordinary

SWAP

Opening Short

2,696

5.2079  GBP

10p ordinary

SWAP

Increasing Short

580

5.2397  GBP

10p ordinary

SWAP

Increasing Short

17,970

5.2429  GBP

10p ordinary

SWAP

Increasing Short

7,716

5.2535  GBP

10p ordinary

SWAP

Increasing Short

67,465

5.2546  GBP

10p ordinary

SWAP

Increasing Short

18,659

5.2773  GBP

10p ordinary

SWAP

Decreasing Short

184,265

5.2461  GBP

10p ordinary

SWAP

Decreasing Short

26,785

5.2490  GBP

10p ordinary

SWAP

Decreasing Short

702

5.2680  GBP

10p ordinary

SWAP

Decreasing Short

113,617

5.2760  GBP

10p ordinary

SWAP

Decreasing Short

313

5.2820  GBP

10p ordinary

SWAP

Increasing Short

34,690

5.2293  GBP

10p ordinary

SWAP

Increasing Short

104

5.2300  GBP

10p ordinary

SWAP

Increasing Short

19,683

5.2431  GBP

10p ordinary

SWAP

Increasing Short

55,520

5.2691  GBP

10p ordinary

SWAP

Decreasing Short

2,000

5.2059  GBP

10p ordinary

SWAP

Decreasing Short

1,448

5.2092  GBP

10p ordinary

SWAP

Decreasing Short

16,449

5.2285  GBP

10p ordinary

SWAP

Decreasing Short

13,558

5.2316  GBP

10p ordinary

SWAP

Decreasing Short

5,965

5.2358  GBP

10p ordinary

SWAP

Decreasing Short

7,712

5.2385  GBP

10p ordinary

SWAP

Decreasing Short

43,386

5.2491  GBP

10p ordinary

SWAP

Decreasing Short

662

5.2499  GBP

10p ordinary

SWAP

Decreasing Short

45

5.2519  GBP

10p ordinary

SWAP

Decreasing Short

178

5.2661  GBP

10p ordinary

SWAP

Increasing Short

12,712

5.2627  GBP

10p ordinary

SWAP

Increasing Short

13,193

5.2654  GBP

10p ordinary

SWAP

Increasing Short

906

5.2660  GBP

10p ordinary

SWAP

Increasing Short

1,298

5.2665  GBP

10p ordinary

SWAP

Increasing Short

1,693

5.2705  GBP

10p ordinary

SWAP

Increasing Short

23,946

5.2760  GBP

10p ordinary

SWAP

Decreasing Short

606

5.2510  GBP

10p ordinary

SWAP

Decreasing Short

17,162

5.2477  GBP

10p ordinary

SWAP

Decreasing Short

49,127

5.2537  GBP

10p ordinary

SWAP

Opening Long

89,822

5.2760  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 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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