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

Barclays PLC
16 July 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:

15 Jul 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:

10,626,473

1.09%

6,162,284

0.63%

(2) Cash-settled derivatives:

5,187,724

0.53%

9,269,506

0.95%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

15,814,197

1.62%

15,431,790

1.58%

 








(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

610962

5.0018  GBP

4.9240  GBP

10p ordinary

Sale

457382

5.0024  GBP

4.9180  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

Opening Long

22,145

4.9584  GBP

10p ordinary

SWAP

Decreasing Long

4,820

4.9297  GBP

10p ordinary

SWAP

Decreasing Long

1,523

4.9360  GBP

10p ordinary

SWAP

Decreasing Long

20,966

4.9432  GBP

10p ordinary

SWAP

Decreasing Long

35,402

4.9596  GBP

10p ordinary

SWAP

Decreasing Long

447

4.9599  GBP

10p ordinary

SWAP

Decreasing Long

2,369

4.9657  GBP

10p ordinary

SWAP

Decreasing Long

36,458

4.9680  GBP

10p ordinary

SWAP

Decreasing Long

471

4.9695  GBP

10p ordinary

CFD

Decreasing Short

15,960

4.9574  GBP

10p ordinary

CFD

Decreasing Short

25,903

4.9676  GBP

10p ordinary

CFD

Increasing Short

7,455

4.9661  GBP

10p ordinary

CFD

Increasing Short

8,306

4.9680  GBP

10p ordinary

CFD

Increasing Short

7,654

4.9782  GBP

10p ordinary

SWAP

Decreasing Short

500

4.9759  GBP

10p ordinary

SWAP

Increasing Short

1,917

4.9554  GBP

10p ordinary

SWAP

Closing Short

1

4.9100  GBP

10p ordinary

SWAP

Opening Long

1

4.9680  GBP

10p ordinary

SWAP

Closing Long

1

4.9700  GBP

10p ordinary

SWAP

Decreasing Short

1,600

4.9242  GBP

10p ordinary

SWAP

Opening Long

51,344

4.9646  GBP

10p ordinary

SWAP

Decreasing Long

32,742

4.9680  GBP

10p ordinary

SWAP

Closing Long

10,988

4.9711  GBP

10p ordinary

SWAP

Increasing Long

337

4.9306  GBP

10p ordinary

SWAP

Increasing Long

241

4.9308  GBP

10p ordinary

SWAP

Increasing Long

4,076

4.9419  GBP

10p ordinary

SWAP

Increasing Long

722

4.9765  GBP

10p ordinary

SWAP

Decreasing Long

909

4.9406  GBP

10p ordinary

SWAP

Decreasing Long

9,691

4.9667  GBP

10p ordinary

SWAP

Decreasing Short

415

4.9430  GBP

10p ordinary

SWAP

Decreasing Short

89,251

4.9483  GBP

10p ordinary

SWAP

Decreasing Short

4,752

4.9504  GBP

10p ordinary

SWAP

Decreasing Short

568

4.9694  GBP

10p ordinary

SWAP

Decreasing Short

6,014

4.9773  GBP

10p ordinary

SWAP

Increasing Short

7,308

4.9373  GBP

10p ordinary

SWAP

Increasing Short

1,839

4.9405  GBP

10p ordinary

SWAP

Increasing Short

29,703

4.9411  GBP

10p ordinary

SWAP

Increasing Short

22,650

4.9679  GBP

10p ordinary

SWAP

Increasing Short

23,924

4.9680  GBP

10p ordinary

SWAP

Increasing Short

2,140

4.9768  GBP

10p ordinary

SWAP

Increasing Short

32,942

4.9780  GBP

10p ordinary

SWAP

Decreasing Short

1,610

4.9679  GBP

10p ordinary

SWAP

Decreasing Short

55

4.9689  GBP

10p ordinary

SWAP

Decreasing Short

29

4.9696  GBP

10p ordinary

SWAP

Decreasing Short

4,147

4.9777  GBP

10p ordinary

SWAP

Increasing Short

186

4.9300  GBP

10p ordinary

SWAP

Increasing Short

1,318

4.9423  GBP

10p ordinary

SWAP

Increasing Short

5,330

4.9443  GBP

10p ordinary

SWAP

Increasing Short

2,175

4.9466  GBP

10p ordinary

SWAP

Increasing Short

38,695

4.9490  GBP

10p ordinary

SWAP

Increasing Short

7,429

4.9523  GBP

10p ordinary

SWAP

Increasing Short

4,897

4.9525  GBP

10p ordinary

SWAP

Increasing Short

10,474

4.9533  GBP

10p ordinary

SWAP

Increasing Short

2,166

4.9549  GBP

10p ordinary

SWAP

Increasing Short

1,835

4.9552  GBP

10p ordinary

SWAP

Increasing Short

19,531

4.9680  GBP

10p ordinary

SWAP

Decreasing Short

156

4.9340  GBP

10p ordinary

SWAP

Increasing Short

312

4.9340  GBP

10p ordinary

SWAP

Decreasing Short

28,488

4.9664  GBP

10p ordinary

SWAP

Increasing Short

565

4.9400  GBP

10p ordinary

SWAP

Increasing Short

16,961

4.9680  GBP

10p ordinary

SWAP

Increasing Short

3,098

4.9709  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:

16 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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