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

Barclays PLC
10 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:

09 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:

11,297,419

1.16%

6,610,252

0.68%

(2) Cash-settled derivatives:

5,649,107

0.58%

9,939,749

1.02%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

16,946,526

1.74%

16,550,001

1.70%

 








(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

1434328

5.0560  GBP

4.9070  GBP

10p ordinary

Sale

1140117

5.0529  GBP

4.9070  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 Short

22,579

4.9595  GBP

10p ordinary

CFD

Decreasing Short

42,683

5.0110  GBP

10p ordinary

CFD

Decreasing Short

3,088

5.0935  GBP

10p ordinary

CFD

Increasing Short

35,220

4.9120  GBP

10p ordinary

CFD

Increasing Short

589

4.9123  GBP

10p ordinary

CFD

Increasing Short

5,947

5.0043  GBP

10p ordinary

CFD

Increasing Short

7,463

5.0428  GBP

10p ordinary

SWAP

Opening Short

4

4.9325  GBP

10p ordinary

SWAP

Opening Short

1

4.9900  GBP

10p ordinary

SWAP

Decreasing Short

3,400

4.9535  GBP

10p ordinary

SWAP

Opening Long

19,900

4.9120  GBP

10p ordinary

SWAP

Increasing Long

2,550

5.0208  GBP

10p ordinary

SWAP

Increasing Long

261

5.0437  GBP

10p ordinary

SWAP

Closing Long

22,047

4.9846  GBP

10p ordinary

SWAP

Increasing Long

11,844

4.9711  GBP

10p ordinary

SWAP

Increasing Long

599

5.0239  GBP

10p ordinary

SWAP

Increasing Long

482

5.0277  GBP

10p ordinary

SWAP

Increasing Long

1,000

5.0297  GBP

10p ordinary

SWAP

Increasing Long

184

5.0304  GBP

10p ordinary

SWAP

Increasing Long

782

5.0376  GBP

10p ordinary

SWAP

Increasing Long

539

5.0407  GBP

10p ordinary

SWAP

Increasing Long

2,365

5.0435  GBP

10p ordinary

SWAP

Increasing Long

113

5.0436  GBP

10p ordinary

SWAP

Increasing Long

2,365

5.0456  GBP

10p ordinary

SWAP

Increasing Long

751

5.0457  GBP

10p ordinary

SWAP

Increasing Long

211

5.0471  GBP

10p ordinary

SWAP

Increasing Long

449

5.0475  GBP

10p ordinary

SWAP

Increasing Long

434

5.0476  GBP

10p ordinary

SWAP

Increasing Long

732

5.0496  GBP

10p ordinary

SWAP

Increasing Long

1,643

5.0497  GBP

10p ordinary

SWAP

Increasing Long

490

5.0528  GBP

10p ordinary

SWAP

Increasing Long

696

5.0529  GBP

10p ordinary

SWAP

Decreasing Long

32,100

4.9146  GBP

10p ordinary

SWAP

Decreasing Long

6,948

4.9170  GBP

10p ordinary

SWAP

Decreasing Long

2,731

4.9356  GBP

10p ordinary

SWAP

Decreasing Long

665

4.9388  GBP

10p ordinary

SWAP

Decreasing Long

215

4.9483  GBP

10p ordinary

SWAP

Decreasing Long

1,770

4.9501  GBP

10p ordinary

SWAP

Decreasing Long

1,782

4.9537  GBP

10p ordinary

SWAP

Decreasing Short

18,744

4.9343  GBP

10p ordinary

SWAP

Decreasing Short

2,167

4.9912  GBP

10p ordinary

SWAP

Decreasing Short

19,092

5.0092  GBP

10p ordinary

SWAP

Decreasing Short

12,199

5.0196  GBP

10p ordinary

SWAP

Decreasing Short

3,084

5.0213  GBP

10p ordinary

SWAP

Decreasing Short

686

5.0400  GBP

10p ordinary

SWAP

Decreasing Short

197

5.0940  GBP

10p ordinary

SWAP

Increasing Short

17,875

4.9120  GBP

10p ordinary

SWAP

Increasing Short

22,857

4.9397  GBP

10p ordinary

SWAP

Increasing Short

39,997

4.9767  GBP

10p ordinary

SWAP

Increasing Short

3,194

5.0040  GBP

10p ordinary

SWAP

Increasing Short

1,918

5.0316  GBP

10p ordinary

SWAP

Increasing Short

345

5.0520  GBP

10p ordinary

SWAP

Decreasing Short

17,060

4.9119  GBP

10p ordinary

SWAP

Decreasing Short

1,708

4.9425  GBP

10p ordinary

SWAP

Decreasing Short

6,748

4.9699  GBP

10p ordinary

SWAP

Decreasing Short

83

4.9729  GBP

10p ordinary

SWAP

Decreasing Short

4,873

4.9830  GBP

10p ordinary

SWAP

Decreasing Short

19,950

4.9879  GBP

10p ordinary

SWAP

Decreasing Short

2,987

5.0382  GBP

10p ordinary

SWAP

Decreasing Short

1,097

5.0405  GBP

10p ordinary

SWAP

Decreasing Short

3,530

5.0408  GBP

10p ordinary

SWAP

Decreasing Short

1,764

5.0419  GBP

10p ordinary

SWAP

Increasing Short

5,059

4.9247  GBP

10p ordinary

SWAP

Increasing Short

735

4.9273  GBP

10p ordinary

SWAP

Increasing Short

2,741

4.9284  GBP

10p ordinary

SWAP

Increasing Short

1,472

4.9296  GBP

10p ordinary

SWAP

Increasing Short

1,083

4.9464  GBP

10p ordinary

SWAP

Decreasing Short

360

5.0380  GBP

10p ordinary

SWAP

Decreasing Short

196

5.0420  GBP

10p ordinary

SWAP

Increasing Short

13,899

4.9120  GBP

10p ordinary

SWAP

Increasing Short

20,751

4.9485  GBP

10p ordinary

SWAP

Increasing Short

20,394

4.9501  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:

10 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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