Form 8.5 (EPT/NON-RI) BARRATT DEVELOPMENTS PLC

Barclays PLC
31 May 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:

30 May 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:

12,912,415

1.32%

5,006,795

0.51%

(2) Cash-settled derivatives:

4,079,472

0.42%

11,516,883

1.18%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

16,991,887

1.74%

16,523,678

1.70%

 








(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

1765832

5.0380  GBP

4.9472  GBP

10p ordinary

Sale

1743556

5.0320  GBP

4.9680  GBP

ADR

Purchase

598

12.7400  USD

12.7400  USD

ADR

Sale

598

12.7400  USD

12.7400  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

Decreasing Long

1,026

4.9494  GBP

10p ordinary

CFD

Decreasing Long

1,771

5.0285  GBP

10p ordinary

CFD

Decreasing Long

9,959

4.9471  GBP

10p ordinary

CFD

Decreasing Long

15,144

5.0031  GBP

10p ordinary

CFD

Decreasing Long

16,811

5.0300  GBP

10p ordinary

CFD

Decreasing Long

36,902

5.0104  GBP

10p ordinary

SWAP

Decreasing Short

514

4.9981  GBP

10p ordinary

SWAP

Decreasing Short

574

4.9250  GBP

10p ordinary

SWAP

Decreasing Short

605

5.0320  GBP

10p ordinary

SWAP

Decreasing Short

1,214

5.0020  GBP

10p ordinary

SWAP

Decreasing Short

2,000

5.0291  GBP

10p ordinary

SWAP

Decreasing Short

2,430

5.0289  GBP

10p ordinary

SWAP

Decreasing Short

2,466

5.0138  GBP

10p ordinary

SWAP

Decreasing Short

3,338

5.0211  GBP

10p ordinary

SWAP

Decreasing Short

3,595

5.0224  GBP

10p ordinary

SWAP

Decreasing Short

3,612

4.9877  GBP

10p ordinary

SWAP

Decreasing Short

3,949

5.0267  GBP

10p ordinary

SWAP

Decreasing Short

4,599

5.0248  GBP

10p ordinary

SWAP

Decreasing Short

4,750

5.0271  GBP

10p ordinary

SWAP

Decreasing Short

4,846

5.0188  GBP

10p ordinary

SWAP

Decreasing Short

5,814

5.0169  GBP

10p ordinary

SWAP

Decreasing Short

6,921

4.9814  GBP

10p ordinary

SWAP

Decreasing Short

7,900

5.0283  GBP

10p ordinary

SWAP

Decreasing Short

8,107

5.0118  GBP

10p ordinary

SWAP

Decreasing Short

8,557

5.0149  GBP

10p ordinary

SWAP

Decreasing Short

9,647

5.0142  GBP

10p ordinary

SWAP

Decreasing Short

18,672

5.0135  GBP

10p ordinary

SWAP

Decreasing Short

20,252

5.0146  GBP

10p ordinary

SWAP

Decreasing Short

25,479

5.0178  GBP

10p ordinary

SWAP

Decreasing Short

39,945

5.0125  GBP

10p ordinary

CFD

Increasing Long

120

4.9356  GBP

10p ordinary

CFD

Increasing Long

158

5.0198  GBP

10p ordinary

CFD

Increasing Long

638

5.0130  GBP

10p ordinary

CFD

Increasing Long

1,173

4.9246  GBP

10p ordinary

CFD

Increasing Long

14,148

5.0215  GBP

10p ordinary

CFD

Increasing Long

26,770

5.0228  GBP

10p ordinary

SWAP

Increasing Short

18

5.0060  GBP

10p ordinary

SWAP

Increasing Short

35

5.0040  GBP

10p ordinary

SWAP

Increasing Short

156

4.9239  GBP

10p ordinary

SWAP

Increasing Short

501

5.0011  GBP

10p ordinary

SWAP

Increasing Short

1,242

5.0201  GBP

10p ordinary

SWAP

Increasing Short

2,083

5.0020  GBP

10p ordinary

SWAP

Increasing Short

3,180

5.0146  GBP

10p ordinary

SWAP

Increasing Short

7,521

5.0215  GBP

10p ordinary

SWAP

Increasing Short

23,005

5.0185  GBP

10p ordinary

SWAP

Increasing Short

30,215

5.0300  GBP

10p ordinary

SWAP

Increasing Short

43,752

5.0218  GBP

10p ordinary

SWAP

Increasing Short

61,330

5.0300  GBP

10p ordinary

SWAP

Increasing Short

71,568

5.0289  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:

31 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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