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

Barclays PLC
31 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:

30 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:

11,178,011

1.15%

4,635,891

0.48%

(2) Cash-settled derivatives:

3,648,885

0.37%

9,822,602

1.01%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

14,826,896

1.52%

14,458,493

1.48%

 








(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

1847385

5.2798  GBP

5.2483  GBP

10p ordinary

Sale

802451

5.2800  GBP

5.2440  GBP

ADR

Purchase

1000

13.4600  USD

13.4600  USD

ADR

Sale

1000

13.4600  USD

13.4600  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

212,540

5.2530  GBP

10p ordinary

SWAP

Decreasing Long

2,827

5.2648  GBP

10p ordinary

CFD

Increasing Long

3,182

5.2477  GBP

10p ordinary

CFD

Increasing Long

1

5.2600  GBP

10p ordinary

CFD

Increasing Long

15,720

5.2623  GBP

10p ordinary

CFD

Increasing Long

916

5.2635  GBP

10p ordinary

CFD

Increasing Long

16,485

5.2640  GBP

10p ordinary

CFD

Increasing Long

10,000

5.2655  GBP

10p ordinary

CFD

Decreasing Long

1,211

5.2472  GBP

10p ordinary

CFD

Decreasing Long

31,205

5.2484  GBP

10p ordinary

CFD

Decreasing Long

14,568

5.2614  GBP

10p ordinary

CFD

Decreasing Long

705

5.2620  GBP

10p ordinary

CFD

Decreasing Long

396

5.2664  GBP

10p ordinary

CFD

Decreasing Long

1,000

5.2716  GBP

10p ordinary

SWAP

Decreasing Short

5,247

5.2646  GBP

10p ordinary

SWAP

Decreasing Long

83

5.2613  GBP

10p ordinary

SWAP

Decreasing Long

101

5.2650  GBP

10p ordinary

SWAP

Increasing Short

82,734

5.2643  GBP

10p ordinary

SWAP

Increasing Short

89,844

5.2651  GBP

10p ordinary

SWAP

Decreasing Short

962

5.2457  GBP

10p ordinary

SWAP

Decreasing Short

4

5.2640  GBP

10p ordinary

SWAP

Decreasing Short

13,197

5.2652  GBP

10p ordinary

SWAP

Decreasing Short

20,069

5.2678  GBP

10p ordinary

SWAP

Decreasing Short

3,014

5.2690  GBP

10p ordinary

SWAP

Decreasing Short

954

5.2740  GBP

10p ordinary

SWAP

Increasing Short

288

5.2607  GBP

10p ordinary

SWAP

Increasing Short

11,919

5.2633  GBP

10p ordinary

SWAP

Increasing Short

144,448

5.2640  GBP

10p ordinary

SWAP

Increasing Short

7,403

5.2641  GBP

10p ordinary

SWAP

Increasing Short

31,038

5.2662  GBP

10p ordinary

SWAP

Increasing Short

2,749

5.2693  GBP

10p ordinary

SWAP

Increasing Short

111

5.2720  GBP

10p ordinary

SWAP

Increasing Short

159,955

5.2760  GBP

10p ordinary

SWAP

Decreasing Short

10

5.2629  GBP

10p ordinary

SWAP

Decreasing Short

1

5.2659  GBP

10p ordinary

SWAP

Decreasing Short

100

5.2691  GBP

10p ordinary

SWAP

Decreasing Short

31

5.2702  GBP

10p ordinary

SWAP

Decreasing Short

24

5.2719  GBP

10p ordinary

SWAP

Increasing Short

173,324

5.2640  GBP

10p ordinary

SWAP

Increasing Short

3,500

5.2659  GBP

10p ordinary

SWAP

Increasing Short

8,483

5.2665  GBP

10p ordinary

SWAP

Increasing Short

7,243

5.2676  GBP

10p ordinary

SWAP

Increasing Short

14,251

5.2688  GBP

10p ordinary

SWAP

Increasing Short

4,061

5.2693  GBP

10p ordinary

SWAP

Increasing Short

2,107

5.2695  GBP

10p ordinary

SWAP

Increasing Short

5,004

5.2709  GBP

10p ordinary

SWAP

Increasing Short

1,808

5.2728  GBP

10p ordinary

SWAP

Increasing Short

1,806

5.2754  GBP

10p ordinary

SWAP

Decreasing Short

675

5.2655  GBP

10p ordinary

SWAP

Increasing Long

6,610

5.2640  GBP

10p ordinary

SWAP

Increasing Long

12,863

5.2651  GBP

10p ordinary

SWAP

Increasing Long

10,411

5.2669  GBP

10p ordinary

SWAP

Decreasing Long

1,033

5.2617  GBP

10p ordinary

SWAP

Decreasing Long

600

5.2700  GBP

10p ordinary

SWAP

Decreasing Long

78,560

5.2760  GBP

10p ordinary

SWAP

Decreasing Long

19,169

5.264 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:

31 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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