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

Barclays PLC
13 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:

12 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:

12,216,893

1.25%

4,562,733

0.47%

(2) Cash-settled derivatives:

3,661,698

0.38%

10,887,313

1.12%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

15,878,591

1.63%

15,450,046

1.59%

 








(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

1041132

5.1030  GBP

4.9517  GBP

10p ordinary

Sale

1116403

5.1030  GBP

4.9554  GBP

ADR

Purchase

1694

13.0000  USD

13.0000  USD

ADR

Sale

1694

13.0000  USD

13.0000  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

6

4.9608  GBP

10p ordinary

SWAP

Decreasing Long

311

4.9601  GBP

10p ordinary

SWAP

Decreasing Long

497

5.0575  GBP

10p ordinary

SWAP

Decreasing Long

540

4.9598  GBP

10p ordinary

SWAP

Decreasing Long

657

5.0127  GBP

10p ordinary

SWAP

Decreasing Long

1,226

5.0254  GBP

10p ordinary

SWAP

Decreasing Long

1,798

5.0070  GBP

10p ordinary

SWAP

Decreasing Long

2,237

4.9800  GBP

10p ordinary

SWAP

Decreasing Long

4,891

5.0571  GBP

10p ordinary

SWAP

Decreasing Long

6,368

5.0125  GBP

10p ordinary

SWAP

Decreasing Long

6,874

5.0580  GBP

10p ordinary

SWAP

Decreasing Long

7,562

5.0128  GBP

10p ordinary

SWAP

Decreasing Long

8,352

4.9810  GBP

10p ordinary

SWAP

Decreasing Long

11,029

4.9946  GBP

10p ordinary

SWAP

Decreasing Long

17,464

5.0071  GBP

10p ordinary

SWAP

Decreasing Long

42,069

5.0980  GBP

10p ordinary

SWAP

Decreasing Long

220,827

4.9650  GBP

10p ordinary

CFD

Decreasing Short

33

5.1075  GBP

10p ordinary

SWAP

Decreasing Short

350

5.0722  GBP

10p ordinary

CFD

Decreasing Short

1,024

5.0876  GBP

10p ordinary

CFD

Decreasing Short

1,256

5.0922  GBP

10p ordinary

SWAP

Decreasing Short

1,288

5.0825  GBP

10p ordinary

SWAP

Decreasing Short

1,861

4.9723  GBP

10p ordinary

CFD

Decreasing Short

2,081

5.0956  GBP

10p ordinary

SWAP

Decreasing Short

2,193

4.9847  GBP

10p ordinary

SWAP

Decreasing Short

14,766

4.9870  GBP

10p ordinary

SWAP

Decreasing Short

25,718

5.0874  GBP

10p ordinary

SWAP

Decreasing Short

38,587

5.0645  GBP

10p ordinary

CFD

Decreasing Short

42,739

4.9819  GBP

10p ordinary

SWAP

Decreasing Short

129,600

5.0028  GBP

10p ordinary

SWAP

Decreasing Short

141,194

5.0425  GBP

10p ordinary

SWAP

Increasing Long

3,716

5.0688  GBP

10p ordinary

SWAP

Increasing Long

48,319

5.0532  GBP

10p ordinary

SWAP

Increasing Long

302,400

5.0028  GBP

10p ordinary

SWAP

Increasing Short

300

5.0880  GBP

10p ordinary

SWAP

Increasing Short

520

5.1033  GBP

10p ordinary

SWAP

Increasing Short

558

4.9550  GBP

10p ordinary

CFD

Increasing Short

589

4.9873  GBP

10p ordinary

SWAP

Increasing Short

1,116

4.9750  GBP

10p ordinary

SWAP

Increasing Short

1,705

4.9522  GBP

10p ordinary

SWAP

Increasing Short

5,082

5.0933  GBP

10p ordinary

SWAP

Increasing Short

5,748

5.0959  GBP

10p ordinary

SWAP

Increasing Short

5,803

5.0989  GBP

10p ordinary

SWAP

Increasing Short

8,141

5.0713  GBP

10p ordinary

SWAP

Increasing Short

8,500

5.0570  GBP

10p ordinary

CFD

Increasing Short

8,545

4.9652  GBP

10p ordinary

SWAP

Increasing Short

10,696

5.0898  GBP

10p ordinary

CFD

Increasing Short

10,722

5.0838  GBP

10p ordinary

SWAP

Increasing Short

15,340

5.0897  GBP

10p ordinary

SWAP

Increasing Short

18,117

5.0980  GBP

10p ordinary

SWAP

Increasing Short

20,284

5.0947  GBP

10p ordinary

CFD

Increasing Short

32,017

5.0980  GBP

10p ordinary

SWAP

Increasing Short

39,416

4.9765  GBP

10p ordinary

SWAP

Increasing Short

42,088

5.0980  GBP

10p ordinary

SWAP

Increasing Short

72,945

5.0974  GBP

10p ordinary

SWAP

Increasing Short

81,259

5.0204  GBP

10p ordinary

SWAP

Opening Short

157

4.9631  GBP

10p ordinary

SWAP

Opening Short

2,155

5.0982  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:

13 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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