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

Barclays PLC

01 March 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:			29 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:				7,625,224	2.31%	2,602,825	0.79%
(2) Cash-settled derivatives:				1,334,049	0.40%	7,484,976	2.26%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				8,959,273	2.71%	10,087,801	3.05%
(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	1102068	6.4796  GBP	6.3674  GBP
10.5p ordinary	Sale	472290	6.4900  GBP	6.3975  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	20	6.4050  GBP
10.5p ordinary	SWAP	Closing Long	577	6.3843  GBP
10.5p ordinary	SWAP	Closing Long	1,636	6.3674  GBP
10.5p ordinary	SWAP	Closing Long	2,649	6.4048  GBP
10.5p ordinary	SWAP	Closing Long	3,312	6.4096  GBP
10.5p ordinary	SWAP	Decreasing Long	105	6.4730  GBP
10.5p ordinary	SWAP	Decreasing Long	221	6.4717  GBP
10.5p ordinary	SWAP	Decreasing Long	270	6.4694  GBP
10.5p ordinary	SWAP	Decreasing Long	351	6.4696  GBP
10.5p ordinary	CFD	Decreasing Short	7	6.4057  GBP
10.5p ordinary	CFD	Decreasing Short	76	6.4050  GBP
10.5p ordinary	SWAP	Decreasing Short	125	6.4300  GBP
10.5p ordinary	SWAP	Decreasing Short	456	6.3998  GBP
10.5p ordinary	SWAP	Decreasing Short	2,922	6.4606  GBP
10.5p ordinary	SWAP	Decreasing Short	13,708	6.4615  GBP
10.5p ordinary	SWAP	Decreasing Short	18,357	6.4656  GBP
10.5p ordinary	SWAP	Decreasing Short	33,700	6.4075  GBP
10.5p ordinary	SWAP	Increasing Short	230	6.4462  GBP
10.5p ordinary	CFD	Increasing Short	498	6.4292  GBP
10.5p ordinary	SWAP	Increasing Short	585	6.4116  GBP
10.5p ordinary	SWAP	Increasing Short	655	6.4326  GBP
10.5p ordinary	CFD	Increasing Short	1,280	6.4050  GBP
10.5p ordinary	SWAP	Increasing Short	1,398	6.4429  GBP
10.5p ordinary	SWAP	Increasing Short	1,662	6.4262  GBP
10.5p ordinary	SWAP	Increasing Short	3,323	6.4255  GBP
10.5p ordinary	SWAP	Increasing Short	5,660	6.4375  GBP
10.5p ordinary	SWAP	Increasing Short	20,724	6.4247  GBP
10.5p ordinary	SWAP	Increasing Short	46,121	6.4314  GBP
10.5p ordinary	SWAP	Increasing Short	604,683	6.4050  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:				01 Mar 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

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