Form 8.5 (EPT/NON-RI) - Barratt Developments plc

Barclays PLC
14 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:

13 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:

11,940,886

1.23%

4,663,311

0.48%

(2) Cash-settled derivatives:

3,787,866

0.39%

10,616,719

1.09%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

15,728,752

1.61%

15,280,030

1.57%

 








(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

813775

5.0694  GBP

4.9774  GBP

10p ordinary

Sale

1178299

5.0842  GBP

4.9750  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

401

4.9916  GBP

10p ordinary

CFD

Closing Short

1,154

5.0024  GBP

10p ordinary

CFD

Closing Short

3,335

5.0566  GBP

10p ordinary

CFD

Closing Short

5,354

5.0420  GBP

10p ordinary

SWAP

Closing Short

9,056

5.0020  GBP

10p ordinary

SWAP

Closing Short

10,967

5.0017  GBP

10p ordinary

SWAP

Decreasing Long

8,582

5.0223  GBP

10p ordinary

SWAP

Decreasing Long

14,830

5.0210  GBP

10p ordinary

SWAP

Decreasing Short

673

5.0303  GBP

10p ordinary

SWAP

Decreasing Short

982

5.0141  GBP

10p ordinary

SWAP

Decreasing Short

1,142

4.9932  GBP

10p ordinary

SWAP

Decreasing Short

2,110

5.0062  GBP

10p ordinary

SWAP

Decreasing Short

3,075

5.0168  GBP

10p ordinary

SWAP

Decreasing Short

3,938

4.9998  GBP

10p ordinary

SWAP

Decreasing Short

6,231

5.0283  GBP

10p ordinary

SWAP

Decreasing Short

7,101

5.0096  GBP

10p ordinary

SWAP

Decreasing Short

7,298

5.0200  GBP

10p ordinary

SWAP

Decreasing Short

7,738

4.9940  GBP

10p ordinary

SWAP

Decreasing Short

10,745

4.9907  GBP

10p ordinary

SWAP

Decreasing Short

15,509

5.0035  GBP

10p ordinary

SWAP

Decreasing Short

16,422

5.0019  GBP

10p ordinary

SWAP

Decreasing Short

17,468

5.0032  GBP

10p ordinary

SWAP

Decreasing Short

21,068

4.9978  GBP

10p ordinary

SWAP

Decreasing Short

26,904

5.0070  GBP

10p ordinary

SWAP

Decreasing Short

40,320

5.0016  GBP

10p ordinary

SWAP

Decreasing Short

43,056

5.0024  GBP

10p ordinary

SWAP

Decreasing Short

115,171

5.0020  GBP

10p ordinary

SWAP

Increasing Long

1,772

4.9907  GBP

10p ordinary

SWAP

Increasing Long

4,925

4.9909  GBP

10p ordinary

SWAP

Increasing Long

83,313

5.0020  GBP

10p ordinary

SWAP

Increasing Short

464

5.0360  GBP

10p ordinary

SWAP

Increasing Short

605

5.0700  GBP

10p ordinary

SWAP

Increasing Short

609

5.0480  GBP

10p ordinary

SWAP

Increasing Short

2,925

5.0315  GBP

10p ordinary

SWAP

Increasing Short

7,295

5.0359  GBP

10p ordinary

SWAP

Increasing Short

22,100

4.9979  GBP

10p ordinary

SWAP

Increasing Short

22,851

5.0018  GBP

10p ordinary

SWAP

Increasing Short

22,904

5.0227  GBP

10p ordinary

CFD

Opening Long

282

5.0842  GBP

10p ordinary

CFD

Opening Long

1,154

5.0695  GBP

10p ordinary

CFD

Opening Long

8,361

4.9966  GBP

10p ordinary

SWAP

Opening Long

20,619

5.0372  GBP

10p ordinary

SWAP

Opening Long

43,119

5.0315  GBP

10p ordinary

CFD

Opening Long

44,116

5.0015  GBP

10p ordinary

SWAP

Opening Short

8,673

5.0055  GBP

10p ordinary

SWAP

Opening Short

14,589

5.0265  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:

14 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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