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

Barclays PLC
05 June 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:

04 Jun 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:

13,279,357

1.36%

4,925,443

0.51%

(2) Cash-settled derivatives:

3,892,223

0.40%

11,853,480

1.22%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

17,171,580

1.76%

16,778,923

1.72%

 








(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

10p ordinary

Purchase

671512

5.0784  GBP

5.0242  GBP

10p ordinary

Sale

677278

5.0809  GBP

5.0080  GBP

 








(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

337

5.0259  GBP

10p ordinary

SWAP

Decreasing Long

464

5.0242  GBP

10p ordinary

SWAP

Decreasing Long

605

5.0262  GBP

10p ordinary

CFD

Decreasing Long

779

5.0679  GBP

10p ordinary

CFD

Decreasing Long

1,417

5.0612  GBP

10p ordinary

SWAP

Decreasing Long

1,857

5.0666  GBP

10p ordinary

SWAP

Decreasing Long

2,093

5.0699  GBP

10p ordinary

SWAP

Decreasing Long

2,102

5.0607  GBP

10p ordinary

CFD

Decreasing Long

2,307

5.0680  GBP

10p ordinary

CFD

Decreasing Long

2,861

5.0324  GBP

10p ordinary

SWAP

Decreasing Long

3,779

5.0529  GBP

10p ordinary

SWAP

Decreasing Long

11,772

5.0680  GBP

10p ordinary

SWAP

Decreasing Long

25,111

5.0665  GBP

10p ordinary

SWAP

Decreasing Short

1,011

5.0596  GBP

10p ordinary

SWAP

Decreasing Short

1,220

5.0327  GBP

10p ordinary

SWAP

Decreasing Short

1,712

5.0326  GBP

10p ordinary

SWAP

Decreasing Short

3,204

5.0320  GBP

10p ordinary

SWAP

Decreasing Short

8,512

5.0563  GBP

10p ordinary

SWAP

Decreasing Short

24,840

5.0639  GBP

10p ordinary

SWAP

Decreasing Short

29,889

5.0651  GBP

10p ordinary

SWAP

Decreasing Short

129,600

5.0399  GBP

10p ordinary

SWAP

Decreasing Short

302,400

5.0399  GBP

10p ordinary

CFD

Increasing Long

146

5.0315  GBP

10p ordinary

CFD

Increasing Long

2,861

5.0675  GBP

10p ordinary

CFD

Increasing Long

4,503

5.0419  GBP

10p ordinary

SWAP

Increasing Short

28

5.0378  GBP

10p ordinary

SWAP

Increasing Short

629

5.0480  GBP

10p ordinary

SWAP

Increasing Short

666

5.0380  GBP

10p ordinary

SWAP

Increasing Short

1,450

5.0501  GBP

10p ordinary

SWAP

Increasing Short

1,548

5.0523  GBP

10p ordinary

SWAP

Increasing Short

1,638

5.0615  GBP

10p ordinary

SWAP

Increasing Short

2,020

5.0439  GBP

10p ordinary

SWAP

Increasing Short

2,027

5.0449  GBP

10p ordinary

SWAP

Increasing Short

3,365

5.0387  GBP

10p ordinary

SWAP

Increasing Short

4,399

5.0354  GBP

10p ordinary

SWAP

Increasing Short

6,092

5.0528  GBP

10p ordinary

SWAP

Increasing Short

6,720

5.0622  GBP

10p ordinary

SWAP

Increasing Short

7,004

5.0521  GBP

10p ordinary

SWAP

Increasing Short

7,796

5.0432  GBP

10p ordinary

SWAP

Increasing Short

17,874

5.0573  GBP

10p ordinary

SWAP

Increasing Short

18,660

5.0557  GBP

10p ordinary

SWAP

Increasing Short

30,138

5.0596  GBP

10p ordinary

SWAP

Increasing Short

55,706

5.0541  GBP

10p ordinary

SWAP

Increasing Short

66,144

5.0680  GBP

10p ordinary

SWAP

Increasing Short

94,966

5.0680  GBP

10p ordinary

SWAP

Increasing Short

146,832

5.0565  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:

05 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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