FORM 8.5 (EPT/NON-RI) Amendment in 2 (a) and 3 (b) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Name of exempt principal trader: |
BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
BARRATT DEVELOPMENTS PLC |
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(c) |
Name of the party to the offer with which exempt |
REDROW PLC |
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(d) |
Date position held/dealing undertaken: |
09 Jul 2024 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
YES: |
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2. |
POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing (if any) |
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Class of relevant security: |
10p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) Relevant securities owned and/or controlled: |
11,312,900 |
1.16% |
6,610,252 |
0.68% |
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(2) Cash-settled derivatives: |
5,649,107 |
0.58% |
9,939,749 |
1.02% |
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
0 |
0.00% |
0 |
0.00% |
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16,962,007 |
1.74% |
16,550,001 |
1.70% |
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(b) |
Rights to subscribe for new securities (including directors and other executive options) |
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Class of relevant security in relation to |
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Details, including nature of the rights |
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3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
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(a) |
Purchase and sales |
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Class of relevant |
Purchase/sale |
Total number of |
Highest price per unit |
Lowest price per unit |
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10p ordinary |
Purchase |
1449809 |
5.0560 GBP |
4.9070 GBP |
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10p ordinary |
Sale |
1140117 |
5.0529 GBP |
4.9070 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product description |
Nature of dealing |
Number of |
Price per |
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10p ordinary |
SWAP |
Increasing Short |
22,579 |
4.9595 GBP |
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10p ordinary |
CFD |
Decreasing Short |
42,683 |
5.0110 GBP |
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10p ordinary |
CFD |
Decreasing Short |
3,088 |
5.0935 GBP |
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10p ordinary |
CFD |
Increasing Short |
35,220 |
4.9120 GBP |
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10p ordinary |
CFD |
Increasing Short |
589 |
4.9123 GBP |
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10p ordinary |
CFD |
Increasing Short |
5,947 |
5.0043 GBP |
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10p ordinary |
CFD |
Increasing Short |
7,463 |
5.0428 GBP |
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10p ordinary |
SWAP |
Opening Short |
4 |
4.9325 GBP |
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10p ordinary |
SWAP |
Opening Short |
1 |
4.9900 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
3,400 |
4.9535 GBP |
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10p ordinary |
SWAP |
Opening Long |
19,900 |
4.9120 GBP |
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10p ordinary |
SWAP |
Increasing Long |
2,550 |
5.0208 GBP |
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10p ordinary |
SWAP |
Increasing Long |
261 |
5.0437 GBP |
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10p ordinary |
SWAP |
Closing Long |
22,047 |
4.9846 GBP |
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10p ordinary |
SWAP |
Increasing Long |
11,844 |
4.9711 GBP |
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10p ordinary |
SWAP |
Increasing Long |
599 |
5.0239 GBP |
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10p ordinary |
SWAP |
Increasing Long |
482 |
5.0277 GBP |
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10p ordinary |
SWAP |
Increasing Long |
1,000 |
5.0297 GBP |
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10p ordinary |
SWAP |
Increasing Long |
184 |
5.0304 GBP |
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10p ordinary |
SWAP |
Increasing Long |
782 |
5.0376 GBP |
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10p ordinary |
SWAP |
Increasing Long |
539 |
5.0407 GBP |
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10p ordinary |
SWAP |
Increasing Long |
2,365 |
5.0435 GBP |
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10p ordinary |
SWAP |
Increasing Long |
113 |
5.0436 GBP |
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10p ordinary |
SWAP |
Increasing Long |
2,365 |
5.0456 GBP |
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10p ordinary |
SWAP |
Increasing Long |
751 |
5.0457 GBP |
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10p ordinary |
SWAP |
Increasing Long |
211 |
5.0471 GBP |
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10p ordinary |
SWAP |
Increasing Long |
449 |
5.0475 GBP |
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10p ordinary |
SWAP |
Increasing Long |
434 |
5.0476 GBP |
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10p ordinary |
SWAP |
Increasing Long |
732 |
5.0496 GBP |
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10p ordinary |
SWAP |
Increasing Long |
1,643 |
5.0497 GBP |
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10p ordinary |
SWAP |
Increasing Long |
490 |
5.0528 GBP |
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10p ordinary |
SWAP |
Increasing Long |
696 |
5.0529 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
32,100 |
4.9146 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
6,948 |
4.9170 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
2,731 |
4.9356 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
665 |
4.9388 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
215 |
4.9483 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
1,770 |
4.9501 GBP |
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10p ordinary |
SWAP |
Decreasing Long |
1,782 |
4.9537 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
18,744 |
4.9343 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
2,167 |
4.9912 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
19,092 |
5.0092 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
12,199 |
5.0196 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
3,084 |
5.0213 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
686 |
5.0400 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
197 |
5.0940 GBP |
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10p ordinary |
SWAP |
Increasing Short |
17,875 |
4.9120 GBP |
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10p ordinary |
SWAP |
Increasing Short |
22,857 |
4.9397 GBP |
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10p ordinary |
SWAP |
Increasing Short |
39,997 |
4.9767 GBP |
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10p ordinary |
SWAP |
Increasing Short |
3,194 |
5.0040 GBP |
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10p ordinary |
SWAP |
Increasing Short |
1,918 |
5.0316 GBP |
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10p ordinary |
SWAP |
Increasing Short |
345 |
5.0520 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
17,060 |
4.9119 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
1,708 |
4.9425 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
6,748 |
4.9699 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
83 |
4.9729 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
4,873 |
4.9830 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
19,950 |
4.9879 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
2,987 |
5.0382 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
1,097 |
5.0405 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
3,530 |
5.0408 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
1,764 |
5.0419 GBP |
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10p ordinary |
SWAP |
Increasing Short |
5,059 |
4.9247 GBP |
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10p ordinary |
SWAP |
Increasing Short |
735 |
4.9273 GBP |
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10p ordinary |
SWAP |
Increasing Short |
2,741 |
4.9284 GBP |
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10p ordinary |
SWAP |
Increasing Short |
1,472 |
4.9296 GBP |
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10p ordinary |
SWAP |
Increasing Short |
1,083 |
4.9464 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
360 |
5.0380 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
196 |
5.0420 GBP |
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10p ordinary |
SWAP |
Increasing Short |
13,899 |
4.9120 GBP |
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10p ordinary |
SWAP |
Increasing Short |
20,751 |
4.9485 GBP |
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10p ordinary |
SWAP |
Increasing Short |
20,394 |
4.9501 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
12 Jul 2024 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |