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

Barclays PLC
23 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:

22 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:

10,769,389

1.11%

5,197,401

0.53%

(2) Cash-settled derivatives:

4,179,335

0.43%

9,368,501

0.96%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

14,948,724

1.53%

14,565,902

1.49%

 








(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

1665213

4.9900  GBP

4.9571  GBP

10p ordinary

Sale

847759

5.0057  GBP

4.9590  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

20,169

4.9682  GBP

10p ordinary

SWAP

Decreasing Long

27,742

4.9620  GBP

10p ordinary

SWAP

Decreasing Long

4,025

4.9657  GBP

10p ordinary

SWAP

Decreasing Long

7,519

4.9677  GBP

10p ordinary

SWAP

Decreasing Long

4,686

4.9682  GBP

10p ordinary

SWAP

Decreasing Long

169

4.9699  GBP

10p ordinary

SWAP

Decreasing Long

246

4.9700  GBP

10p ordinary

SWAP

Decreasing Long

380

4.9728  GBP

10p ordinary

SWAP

Decreasing Long

279

4.9734  GBP

10p ordinary

SWAP

Decreasing Long

562,200

4.9870  GBP

10p ordinary

SWAP

Decreasing Short

100

4.9839  GBP

10p ordinary

CFD

Decreasing Short

17,799

4.9688  GBP

10p ordinary

CFD

Decreasing Short

3,877

4.9707  GBP

10p ordinary

CFD

Decreasing Short

14,238

4.9991  GBP

10p ordinary

CFD

Increasing Short

14,086

4.9619  GBP

10p ordinary

CFD

Increasing Short

1,756

4.9782  GBP

10p ordinary

CFD

Increasing Short

152

4.9842  GBP

10p ordinary

SWAP

Decreasing Short

3,386

4.9775  GBP

10p ordinary

SWAP

Decreasing Short

302

5.0018  GBP

10p ordinary

SWAP

Opening Long

209

4.9710  GBP

10p ordinary

SWAP

Opening Short

3,489

4.9622  GBP

10p ordinary

SWAP

Decreasing Short

12,600

4.9688  GBP

10p ordinary

SWAP

Increasing Long

10

4.9620  GBP

10p ordinary

SWAP

Decreasing Long

545

4.9571  GBP

10p ordinary

SWAP

Decreasing Long

96

4.9620  GBP

10p ordinary

SWAP

Decreasing Long

23,611

4.9624  GBP

10p ordinary

SWAP

Decreasing Long

318

4.9663  GBP

10p ordinary

SWAP

Decreasing Long

1,859

4.9665  GBP

10p ordinary

SWAP

Decreasing Long

2,953

4.9770  GBP

10p ordinary

SWAP

Decreasing Short

491

4.9768  GBP

10p ordinary

SWAP

Decreasing Short

215

4.9810  GBP

10p ordinary

SWAP

Decreasing Short

10,737

4.9873  GBP

10p ordinary

SWAP

Decreasing Short

196

4.9920  GBP

10p ordinary

SWAP

Increasing Short

80,442

4.9620  GBP

10p ordinary

SWAP

Increasing Short

43,774

4.9621  GBP

10p ordinary

SWAP

Increasing Short

2,669

4.9722  GBP

10p ordinary

SWAP

Increasing Short

22,582

4.9797  GBP

10p ordinary

SWAP

Decreasing Short

471

4.9640  GBP

10p ordinary

SWAP

Decreasing Short

1,756

4.9649  GBP

10p ordinary

SWAP

Decreasing Short

635

4.9659  GBP

10p ordinary

SWAP

Decreasing Short

867

4.9660  GBP

10p ordinary

SWAP

Decreasing Short

30

4.9662  GBP

10p ordinary

SWAP

Decreasing Short

507

4.9663  GBP

10p ordinary

SWAP

Decreasing Short

1

4.9669  GBP

10p ordinary

SWAP

Decreasing Short

2,929

4.9709  GBP

10p ordinary

SWAP

Increasing Short

81,802

4.9620  GBP

10p ordinary

SWAP

Increasing Short

10,689

4.9703  GBP

10p ordinary

SWAP

Increasing Short

47

4.9740  GBP

10p ordinary

SWAP

Increasing Short

358

4.9749  GBP

10p ordinary

SWAP

Increasing Short

1,314

4.9799  GBP

10p ordinary

SWAP

Increasing Short

293

4.9810  GBP

10p ordinary

SWAP

Increasing Short

1,459

4.9855  GBP

10p ordinary

SWAP

Increasing Short

189

5.0060  GBP

10p ordinary

SWAP

Decreasing Short

626

4.9786  GBP

10p ordinary

SWAP

Decreasing Short

20,160

4.9616  GBP

10p ordinary

SWAP

Decreasing Short

797

4.9620  GBP

10p ordinary

SWAP

Decreasing Short

8,620

4.9700  GBP

10p ordinary

SWAP

Increasing Short

40,291

4.9620  GBP

10p ordinary

SWAP

Increasing Short

970

4.9754  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:

23 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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