Form 8.5 (EPT/NON-RI) - Redrow plc

Barclays PLC

19 February 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:			REDROW PLC
(c)	Name of the party to the offer with which exempt  principal trader is connected			REDROW PLC
(d)	Date position held/dealing undertaken:			16 Feb 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:  BARRATT DEVELOPMENTS 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:				10.5p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				7,014,741	2.12%	2,674,011	0.81%
(2) Cash-settled derivatives:				1,356,643	0.41%	6,812,395	2.06%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				8,371,384	2.53%	9,486,406	2.87%
(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
10.5p ordinary	Purchase	824682	6.7250  GBP	6.6455  GBP
10.5p ordinary	Sale	281672	6.7250  GBP	6.6500  GBP
(b)	Cash-settled derivative transactions
Class of  relevant  security	Product  description	Nature of dealing	Number of  reference  securities	Price per  unit
10.5p ordinary	SWAP	Closing Long	127	6.7059  GBP
10.5p ordinary	SWAP	Decreasing Long	338	6.7092  GBP
10.5p ordinary	SWAP	Decreasing Long	472	6.7125  GBP
10.5p ordinary	SWAP	Decreasing Long	550	6.7076  GBP
10.5p ordinary	SWAP	Decreasing Long	790	6.6973  GBP
10.5p ordinary	SWAP	Decreasing Long	1,377	6.7072  GBP
10.5p ordinary	CFD	Decreasing Short	9	6.7100  GBP
10.5p ordinary	SWAP	Decreasing Short	100	6.6750  GBP
10.5p ordinary	SWAP	Decreasing Short	8,100	6.6721  GBP
10.5p ordinary	SWAP	Decreasing Short	8,940	6.6988  GBP
10.5p ordinary	SWAP	Decreasing Short	28,951	6.6945  GBP
10.5p ordinary	SWAP	Decreasing Short	63,591	6.7100  GBP
10.5p ordinary	SWAP	Increasing Long	363	6.6099  GBP
10.5p ordinary	SWAP	Increasing Short	249	6.6774  GBP
10.5p ordinary	SWAP	Increasing Short	398	6.7100  GBP
10.5p ordinary	SWAP	Increasing Short	520	6.6838  GBP
10.5p ordinary	SWAP	Increasing Short	905	6.6753  GBP
10.5p ordinary	SWAP	Increasing Short	936	6.7000  GBP
10.5p ordinary	SWAP	Increasing Short	1,089	6.6746  GBP
10.5p ordinary	SWAP	Increasing Short	1,716	6.6803  GBP
10.5p ordinary	SWAP	Increasing Short	2,275	6.6773  GBP
10.5p ordinary	SWAP	Increasing Short	2,353	6.7069  GBP
10.5p ordinary	SWAP	Increasing Short	9,282	6.6850  GBP
10.5p ordinary	SWAP	Increasing Short	12,255	6.6749  GBP
10.5p ordinary	CFD	Increasing Short	13,052	6.7100  GBP
10.5p ordinary	CFD	Increasing Short	14,800	6.6890  GBP
10.5p ordinary	SWAP	Increasing Short	111,599	6.6732  GBP
10.5p ordinary	SWAP	Increasing Short	121,927	6.6860  GBP
10.5p ordinary	SWAP	Increasing Short	176,609	6.6871  GBP
10.5p ordinary	SWAP	Increasing Short	185,305	6.6733  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:				19 Feb 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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