Form 8.5 (EPT/NON-RI) - Barratt Developments plc

Barclays PLC
03 April 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:

02 Apr 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:

10,202,523

1.05%

5,516,730

0.57%

(2) Cash-settled derivatives:

4,654,546

0.48%

8,779,907

0.90%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

14,857,069

1.52%

14,296,637

1.47%

 








(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

959458

4.7480  GBP

4.6386  GBP

10p ordinary

Sale

764869

4.7645  GBP

4.6386  GBP

ADR

Sale

7000

11.6769  USD

11.6769  USD

ADR

Purchase

7000

11.6769  USD

11.6769  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

Opening Long

6

4.7440  GBP

10p ordinary

SWAP

Opening Long

38

4.7440  GBP

10p ordinary

SWAP

Opening Long

60

4.7435  GBP

10p ordinary

SWAP

Opening Long

75

4.7480  GBP

10p ordinary

SWAP

Opening Long

103

4.7187  GBP

10p ordinary

SWAP

Opening Long

117

4.7515  GBP

10p ordinary

SWAP

Opening Long

118

4.7480  GBP

10p ordinary

SWAP

Opening Long

127

4.6872  GBP

10p ordinary

SWAP

Opening Long

157

4.7286  GBP

10p ordinary

SWAP

Opening Long

249

4.7284  GBP

10p ordinary

SWAP

Opening Long

287

4.7213  GBP

10p ordinary

SWAP

Opening Long

304

4.7435  GBP

10p ordinary

SWAP

Opening Long

335

4.6899  GBP

10p ordinary

SWAP

Opening Long

407

4.6853  GBP

10p ordinary

SWAP

Opening Long

451

4.6985  GBP

10p ordinary

SWAP

Opening Long

512

4.7479  GBP

10p ordinary

SWAP

Opening Long

795

4.7515  GBP

10p ordinary

SWAP

Opening Long

1,058

4.7290  GBP

10p ordinary

SWAP

Opening Long

1,092

4.6876  GBP

10p ordinary

CFD

Opening Long

1,587

4.6477  GBP

10p ordinary

CFD

Opening Long

1,939

4.6403  GBP

10p ordinary

SWAP

Opening Long

2,590

4.6985  GBP

10p ordinary

SWAP

Opening Long

2,754

4.6982  GBP

10p ordinary

SWAP

Opening Long

2,969

4.6925  GBP

10p ordinary

SWAP

Opening Long

3,175

4.6985  GBP

10p ordinary

CFD

Opening Long

3,296

4.6581  GBP

10p ordinary

CFD

Opening Long

3,996

4.7260  GBP

10p ordinary

CFD

Opening Long

6,454

4.7390  GBP

10p ordinary

CFD

Opening Long

8,007

4.6537  GBP

10p ordinary

SWAP

Opening Long

8,600

4.6607  GBP

10p ordinary

CFD

Opening Long

12,130

4.6778  GBP

10p ordinary

SWAP

Opening Long

12,346

4.6925  GBP

10p ordinary

CFD

Opening Long

12,643

4.6737  GBP

10p ordinary

SWAP

Opening Long

12,715

4.7005  GBP

10p ordinary

SWAP

Opening Long

15,315

4.6925  GBP

10p ordinary

SWAP

Opening Long

15,702

4.6580  GBP

10p ordinary

CFD

Opening Long

16,431

4.6534  GBP

10p ordinary

CFD

Opening Long

17,386

4.6877  GBP

10p ordinary

CFD

Opening Long

21,355

4.6513  GBP

10p ordinary

CFD

Opening Long

23,062

4.7075  GBP

10p ordinary

SWAP

Opening Short

21

4.6490  GBP

10p ordinary

SWAP

Opening Short

80

4.6559  GBP

10p ordinary

SWAP

Opening Short

98

4.7490  GBP

10p ordinary

SWAP

Opening Short

257

4.6540  GBP

10p ordinary

SWAP

Opening Short

533

4.6770  GBP

10p ordinary

SWAP

Opening Short

565

4.6764  GBP

10p ordinary

SWAP

Opening Short

751

4.6836  GBP

10p ordinary

SWAP

Opening Short

1,039

4.7475  GBP

10p ordinary

SWAP

Opening Short

1,121

4.6834  GBP

10p ordinary

SWAP

Opening Short

1,170

4.6758  GBP

10p ordinary

SWAP

Opening Short

1,235

4.6618  GBP

10p ordinary

SWAP

Opening Short

1,481

4.6441  GBP

10p ordinary

SWAP

Opening Short

1,845

4.6766  GBP

10p ordinary

SWAP

Opening Short

1,949

4.7124  GBP

10p ordinary

SWAP

Opening Short

2,026

4.7033  GBP

10p ordinary

SWAP

Opening Short

2,760

4.6510  GBP

10p ordinary

SWAP

Opening Short

3,311

4.6476  GBP

10p ordinary

SWAP

Opening Short

3,906

4.6508  GBP

10p ordinary

SWAP

Opening Short

9,709

4.6789  GBP

10p ordinary

SWAP

Opening Short

11,019

4.6754  GBP

10p ordinary

SWAP

Opening Short

13,396

4.6552  GBP

10p ordinary

SWAP

Opening Short

16,009

4.6559  GBP

10p ordinary

SWAP

Opening Short

30,240

4.6403  GBP

10p ordinary

SWAP

Opening Short

31,268

4.7130  GBP

10p ordinary

SWAP

Opening Short

33,259

4.6556  GBP

10p ordinary

SWAP

Opening Short

37,551

4.6515  GBP

10p ordinary

SWAP

Opening Short

44,342

4.6544  GBP

10p ordinary

SWAP

Opening Short

49,599

4.6749  GBP

10p ordinary

SWAP

Opening Short

76,780

4.6400  GBP

10p ordinary

SWAP

Opening Short

105,433

4.6673  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:

03 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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