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

Barclays PLC
11 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:

10 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:

13,101,709

1.34%

4,657,808

0.48%

(2) Cash-settled derivatives:

3,712,951

0.38%

11,725,989

1.20%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

16,814,660

1.73%

16,383,797

1.68%

 








(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

694051

5.0240  GBP

4.9611  GBP

10p ordinary

Sale

1086859

5.0240  GBP

4.9620  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

Closing Short

169

5.0179  GBP

10p ordinary

SWAP

Closing Short

5,807

5.0101  GBP

10p ordinary

SWAP

Closing Short

23,575

5.0180  GBP

10p ordinary

SWAP

Closing Short

34,691

5.0133  GBP

10p ordinary

SWAP

Decreasing Long

85

5.0104  GBP

10p ordinary

CFD

Decreasing Long

556

4.9746  GBP

10p ordinary

CFD

Decreasing Long

1,639

5.0179  GBP

10p ordinary

CFD

Decreasing Long

2,035

5.0017  GBP

10p ordinary

CFD

Decreasing Long

2,430

5.0184  GBP

10p ordinary

CFD

Decreasing Long

17,330

4.9971  GBP

10p ordinary

CFD

Decreasing Long

38,541

5.0030  GBP

10p ordinary

CFD

Decreasing Long

171,588

5.0199  GBP

10p ordinary

SWAP

Decreasing Long

342,513

5.0100  GBP

10p ordinary

SWAP

Decreasing Short

32

4.9840  GBP

10p ordinary

SWAP

Decreasing Short

408

4.9791  GBP

10p ordinary

SWAP

Decreasing Short

665

5.0054  GBP

10p ordinary

SWAP

Decreasing Short

1,291

4.9958  GBP

10p ordinary

SWAP

Decreasing Short

1,423

5.0059  GBP

10p ordinary

SWAP

Decreasing Short

2,338

5.0058  GBP

10p ordinary

SWAP

Decreasing Short

2,881

5.0065  GBP

10p ordinary

SWAP

Decreasing Short

2,990

5.0004  GBP

10p ordinary

SWAP

Decreasing Short

3,158

5.0193  GBP

10p ordinary

SWAP

Decreasing Short

3,414

5.0046  GBP

10p ordinary

SWAP

Decreasing Short

7,876

5.0081  GBP

10p ordinary

SWAP

Decreasing Short

12,028

5.0030  GBP

10p ordinary

SWAP

Decreasing Short

12,099

5.0072  GBP

10p ordinary

SWAP

Decreasing Short

15,961

5.0159  GBP

10p ordinary

SWAP

Decreasing Short

19,196

5.0026  GBP

10p ordinary

SWAP

Decreasing Short

19,339

5.0116  GBP

10p ordinary

SWAP

Decreasing Short

25,059

5.0158  GBP

10p ordinary

SWAP

Decreasing Short

28,105

5.0179  GBP

10p ordinary

SWAP

Decreasing Short

51,644

5.0025  GBP

10p ordinary

SWAP

Decreasing Short

54,557

5.0160  GBP

10p ordinary

SWAP

Decreasing Short

73,673

5.0180  GBP

10p ordinary

SWAP

Decreasing Short

75,600

5.0176  GBP

10p ordinary

SWAP

Decreasing Short

216,000

5.0107  GBP

10p ordinary

CFD

Increasing Long

183

4.9916  GBP

10p ordinary

CFD

Increasing Long

781

5.0099  GBP

10p ordinary

CFD

Increasing Long

1,203

4.9766  GBP

10p ordinary

CFD

Increasing Long

2,195

4.9691  GBP

10p ordinary

CFD

Increasing Long

2,430

4.9706  GBP

10p ordinary

SWAP

Increasing Long

342,513

5.0100  GBP

10p ordinary

SWAP

Increasing Short

35

4.9722  GBP

10p ordinary

SWAP

Increasing Short

64

4.9840  GBP

10p ordinary

SWAP

Increasing Short

111

4.9760  GBP

10p ordinary

SWAP

Increasing Short

169

4.9660  GBP

10p ordinary

SWAP

Increasing Short

521

5.0166  GBP

10p ordinary

SWAP

Increasing Short

533

4.9860  GBP

10p ordinary

SWAP

Increasing Short

665

5.0060  GBP

10p ordinary

SWAP

Increasing Short

1,718

4.9768  GBP

10p ordinary

SWAP

Increasing Short

1,960

4.9845  GBP

10p ordinary

SWAP

Increasing Short

3,679

5.0183  GBP

10p ordinary

SWAP

Increasing Short

9,110

5.0090  GBP

10p ordinary

SWAP

Increasing Short

19,021

5.0151  GBP

10p ordinary

SWAP

Increasing Short

22,281

5.0171  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:

11 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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