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

Barclays PLC

27 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:			26 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:				6,482,857	1.96%	2,649,666	0.80%
(2) Cash-settled derivatives:				1,366,125	0.41%	6,331,780	1.91%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				7,848,982	2.37%	8,981,446	2.72%
(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	302617	6.6600  GBP	6.4600  GBP
10.5p ordinary	Sale	524888	6.6600  GBP	6.5066  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	Decreasing Long	64	6.6436  GBP
10.5p ordinary	SWAP	Decreasing Long	412	6.6532  GBP
10.5p ordinary	SWAP	Decreasing Long	465	6.6458  GBP
10.5p ordinary	SWAP	Decreasing Long	1,636	6.6501  GBP
10.5p ordinary	SWAP	Decreasing Long	1,727	6.6517  GBP
10.5p ordinary	SWAP	Decreasing Short	198	6.6450  GBP
10.5p ordinary	SWAP	Decreasing Short	271	6.6000  GBP
10.5p ordinary	SWAP	Decreasing Short	2,274	6.6440  GBP
10.5p ordinary	CFD	Decreasing Short	5,469	6.6438  GBP
10.5p ordinary	SWAP	Decreasing Short	6,053	6.6236  GBP
10.5p ordinary	CFD	Decreasing Short	11,581	6.6368  GBP
10.5p ordinary	SWAP	Decreasing Short	11,988	6.6240  GBP
10.5p ordinary	SWAP	Decreasing Short	16,752	6.6143  GBP
10.5p ordinary	CFD	Decreasing Short	32,572	6.5624  GBP
10.5p ordinary	SWAP	Decreasing Short	42,800	6.5513  GBP
10.5p ordinary	SWAP	Increasing Long	100	6.4550  GBP
10.5p ordinary	SWAP	Increasing Long	2,431	6.5917  GBP
10.5p ordinary	SWAP	Increasing Long	12,759	6.5066  GBP
10.5p ordinary	SWAP	Increasing Short	277	6.5926  GBP
10.5p ordinary	SWAP	Increasing Short	424	6.6550  GBP
10.5p ordinary	SWAP	Increasing Short	446	6.6450  GBP
10.5p ordinary	SWAP	Increasing Short	522	6.5750  GBP
10.5p ordinary	SWAP	Increasing Short	630	6.5734  GBP
10.5p ordinary	SWAP	Increasing Short	909	6.4676  GBP
10.5p ordinary	SWAP	Increasing Short	1,297	6.6349  GBP
10.5p ordinary	SWAP	Increasing Short	1,625	6.5770  GBP
10.5p ordinary	SWAP	Increasing Short	2,149	6.6009  GBP
10.5p ordinary	SWAP	Increasing Short	4,354	6.5699  GBP
10.5p ordinary	SWAP	Increasing Short	15,848	6.6100  GBP
10.5p ordinary	SWAP	Increasing Short	16,605	6.6074  GBP
10.5p ordinary	SWAP	Increasing Short	17,254	6.5929  GBP
10.5p ordinary	SWAP	Increasing Short	19,666	6.5490  GBP
10.5p ordinary	SWAP	Increasing Short	25,261	6.5541  GBP
10.5p ordinary	SWAP	Increasing Short	56,995	6.5959  GBP
10.5p ordinary	SWAP	Opening Short	23,302	6.6106  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:				27 Feb 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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