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

Barclays PLC
08 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:

05 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:

11,158,493

1.14%

6,617,651

0.68%

(2) Cash-settled derivatives:

5,665,983

0.58%

9,875,821

1.01%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

16,824,476

1.73%

16,493,472

1.69%

 








(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

1668931

5.1040  GBP

4.9880  GBP

10p ordinary

Sale

1884519

5.1069  GBP

4.9977  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

Increasing Long

347

5.0202  GBP

10p ordinary

SWAP

Increasing Long

6

5.0374  GBP

10p ordinary

SWAP

Increasing Long

1,455

5.0403  GBP

10p ordinary

SWAP

Increasing Long

2,261

5.0405  GBP

10p ordinary

SWAP

Increasing Long

14,494

5.0441  GBP

10p ordinary

SWAP

Increasing Long

535

5.0468  GBP

10p ordinary

SWAP

Increasing Long

3,080

5.0635  GBP

10p ordinary

SWAP

Increasing Long

1,171

5.0691  GBP

10p ordinary

SWAP

Increasing Long

2,711

5.0861  GBP

10p ordinary

SWAP

Increasing Long

1,817

5.0876  GBP

10p ordinary

CFD

Decreasing Short

5,404

5.0376  GBP

10p ordinary

CFD

Decreasing Short

77,973

5.0481  GBP

10p ordinary

CFD

Opening Long

17,001

5.0871  GBP

10p ordinary

CFD

Opening Short

39,126

5.0400  GBP

10p ordinary

CFD

Increasing Short

78,038

5.0404  GBP

10p ordinary

CFD

Increasing Short

38,847

5.0582  GBP

10p ordinary

SWAP

Increasing Short

6,832

5.0611  GBP

10p ordinary

SWAP

Increasing Short

5

5.0940  GBP

10p ordinary

SWAP

Decreasing Short

155,176

5.0727  GBP

10p ordinary

SWAP

Decreasing Short

1,498

5.1034  GBP

10p ordinary

SWAP

Increasing Long

279

5.0637  GBP

10p ordinary

SWAP

Increasing Long

756

5.0677  GBP

10p ordinary

SWAP

Increasing Long

82

5.0685  GBP

10p ordinary

SWAP

Increasing Long

588

5.0700  GBP

10p ordinary

SWAP

Increasing Long

770

5.0736  GBP

10p ordinary

SWAP

Increasing Long

1,989

5.0737  GBP

10p ordinary

SWAP

Increasing Long

1

5.0771  GBP

10p ordinary

SWAP

Increasing Long

728

5.0777  GBP

10p ordinary

SWAP

Increasing Long

704

5.0797  GBP

10p ordinary

SWAP

Increasing Long

352

5.0826  GBP

10p ordinary

SWAP

Increasing Long

330

5.0856  GBP

10p ordinary

SWAP

Increasing Long

456

5.0869  GBP

10p ordinary

SWAP

Increasing Long

17,304

5.0870  GBP

10p ordinary

SWAP

Increasing Long

1,453

5.0901  GBP

10p ordinary

SWAP

Decreasing Long

2,259

5.0431  GBP

10p ordinary

SWAP

Decreasing Long

12,620

5.0441  GBP

10p ordinary

SWAP

Decreasing Short

21

4.9550  GBP

10p ordinary

SWAP

Decreasing Short

96

5.0240  GBP

10p ordinary

SWAP

Decreasing Short

762

5.0292  GBP

10p ordinary

SWAP

Decreasing Short

7,442

5.0419  GBP

10p ordinary

SWAP

Decreasing Short

104,249

5.0664  GBP

10p ordinary

SWAP

Decreasing Short

2,522

5.0704  GBP

10p ordinary

SWAP

Decreasing Short

1,111

5.0889  GBP

10p ordinary

SWAP

Increasing Short

121,439

5.0400  GBP

10p ordinary

SWAP

Increasing Short

1,442

5.0401  GBP

10p ordinary

SWAP

Increasing Short

51,711

5.0441  GBP

10p ordinary

SWAP

Increasing Short

1,986

5.0637  GBP

10p ordinary

SWAP

Increasing Short

39,729

5.0719  GBP

10p ordinary

SWAP

Increasing Short

467

5.0843  GBP

10p ordinary

SWAP

Decreasing Short

134,595

5.0399  GBP

10p ordinary

SWAP

Decreasing Short

2,096

5.0726  GBP

10p ordinary

SWAP

Decreasing Short

4,357

5.0729  GBP

10p ordinary

SWAP

Decreasing Short

2,222

5.0749  GBP

10p ordinary

SWAP

Decreasing Short

5,410

5.0794  GBP

10p ordinary

SWAP

Decreasing Short

39,296

5.0795  GBP

10p ordinary

SWAP

Decreasing Short

103

5.0799  GBP

10p ordinary

SWAP

Decreasing Short

3,256

5.0822  GBP

10p ordinary

SWAP

Decreasing Short

1,614

5.0846  GBP

10p ordinary

SWAP

Decreasing Short

663

5.0873  GBP

10p ordinary

SWAP

Increasing Short

6,374

5.0534  GBP

10p ordinary

SWAP

Increasing Short

3,533

5.0605  GBP

10p ordinary

SWAP

Increasing Short

2,886

5.0761  GBP

10p ordinary

SWAP

Increasing Short

4,479

5.0823  GBP

10p ordinary

SWAP

Increasing Short

3,643

5.0856  GBP

10p ordinary

SWAP

Increasing Short

1,302

5.0859  GBP

10p ordinary

SWAP

Increasing Short

6,800

5.0868  GBP

10p ordinary

SWAP

Increasing Short

1,600

5.0902  GBP

10p ordinary

SWAP

Increasing Short

1,968

5.0968  GBP

10p ordinary

SWAP

Increasing Long

227

5.0201  GBP

10p ordinary

SWAP

Increasing Long

4

5.0374  GBP

10p ordinary

SWAP

Increasing Long

951

5.0403  GBP

10p ordinary

SWAP

Increasing Long

1,478

5.0405  GBP

10p ordinary

SWAP

Increasing Long

9,475

5.0441  GBP

10p ordinary

SWAP

Increasing Long

350

5.0468  GBP

10p ordinary

SWAP

Increasing Long

2,012

5.0635  GBP

10p ordinary

SWAP

Increasing Long

766

5.0691  GBP

10p ordinary

SWAP

Increasing Long

1,772

5.0861  GBP

10p ordinary

SWAP

Increasing Long

1,188

5.0876  GBP

10p ordinary

SWAP

Decreasing Short

77,764

5.0786  GBP

10p ordinary

SWAP

Increasing Short

59,475

5.0400  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:

08 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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