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

Barclays PLC
12 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:

11 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:

11,240,986

1.15%

6,555,137

0.67%

(2) Cash-settled derivatives:

5,578,501

0.57%

9,847,356

1.01%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

16,819,487

1.73%

16,402,493

1.68%

 








(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

1096954

4.9510  GBP

4.8190  GBP

10p ordinary

Sale

947505

4.9510  GBP

4.8190  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

Decreasing Short

354

4.8335  GBP

10p ordinary

CFD

Decreasing Short

23,685

4.8332  GBP

10p ordinary

CFD

Decreasing Short

3,503

4.9170  GBP

10p ordinary

CFD

Decreasing Short

1,163

4.9506  GBP

10p ordinary

CFD

Decreasing Short

3,271

4.9509  GBP

10p ordinary

CFD

Increasing Short

7,944

4.8304  GBP

10p ordinary

CFD

Increasing Short

2,000

4.8442  GBP

10p ordinary

CFD

Increasing Short

1,163

4.8783  GBP

10p ordinary

CFD

Increasing Short

19,012

4.9509  GBP

10p ordinary

SWAP

Increasing Short

2,745

4.9156  GBP

10p ordinary

SWAP

Decreasing Short

25,468

4.9239  GBP

10p ordinary

SWAP

Decreasing Short

85,432

4.9506  GBP

10p ordinary

SWAP

Increasing Short

385

4.8267  GBP

10p ordinary

SWAP

Increasing Long

3,841

4.8306  GBP

10p ordinary

SWAP

Increasing Long

7,369

4.8682  GBP

10p ordinary

SWAP

Increasing Long

9,442

4.9223  GBP

10p ordinary

SWAP

Increasing Long

508

4.9326  GBP

10p ordinary

SWAP

Increasing Long

47,131

4.9463  GBP

10p ordinary

SWAP

Closing Long

306

4.8220  GBP

10p ordinary

SWAP

Decreasing Short

474

4.8365  GBP

10p ordinary

SWAP

Decreasing Short

3,222

4.8421  GBP

10p ordinary

SWAP

Decreasing Short

40,793

4.8723  GBP

10p ordinary

SWAP

Decreasing Short

14,763

4.9461  GBP

10p ordinary

SWAP

Increasing Short

2,865

4.8481  GBP

10p ordinary

SWAP

Increasing Short

877

4.8623  GBP

10p ordinary

SWAP

Increasing Short

33,868

4.8955  GBP

10p ordinary

SWAP

Increasing Short

140,776

4.9151  GBP

10p ordinary

SWAP

Increasing Short

206,146

4.9507  GBP

10p ordinary

SWAP

Decreasing Short

208

4.8300  GBP

10p ordinary

SWAP

Decreasing Short

60

4.8395  GBP

10p ordinary

SWAP

Decreasing Short

13

4.8429  GBP

10p ordinary

SWAP

Decreasing Short

20,096

4.8830  GBP

10p ordinary

SWAP

Decreasing Short

3,253

4.8897  GBP

10p ordinary

SWAP

Opening Long

3,398

4.9304  GBP

10p ordinary

SWAP

Increasing Long

11,248

4.9372  GBP

10p ordinary

SWAP

Increasing Long

12,538

4.9509  GBP

10p ordinary

SWAP

Decreasing Long

12,181

4.8355  GBP

10p ordinary

SWAP

Decreasing Long

240

4.9140  GBP

10p ordinary

SWAP

Decreasing Long

1,101

4.9145  GBP

10p ordinary

SWAP

Decreasing Long

300

4.9170  GBP

10p ordinary

SWAP

Decreasing Long

5,978

4.9270  GBP

10p ordinary

SWAP

Opening Short

9,633

4.9287  GBP

10p ordinary

SWAP

Increasing Short

8,084

4.9294  GBP

10p ordinary

SWAP

Increasing Short

2,478

4.9295  GBP

10p ordinary

SWAP

Increasing Short

11,250

4.9347  GBP

10p ordinary

SWAP

Increasing Short

616

4.8372  GBP

10p ordinary

SWAP

Closing Short

1,718

4.9458  GBP

10p ordinary

SWAP

Decreasing Short

9,021

4.8550  GBP

10p ordinary

SWAP

Decreasing Short

13,883

4.8772  GBP

10p ordinary

SWAP

Increasing Short

14,696

4.9247  GBP

10p ordinary

SWAP

Increasing Short

19,138

4.9361  GBP

10p ordinary

SWAP

Increasing Short

28,642

4.9510  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:

12 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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