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

Barclays PLC
25 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:

24 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:

10,546,960

1.08%

4,939,396

0.51%

(2) Cash-settled derivatives:

3,926,764

0.40%

9,188,792

0.94%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

14,473,724

1.49%

14,128,188

1.45%

 








(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

955844

5.0700  GBP

4.9460  GBP

10p ordinary

Sale

1296835

5.0726  GBP

4.9482  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

1,100

4.9943  GBP

10p ordinary

SWAP

Decreasing Short

100

4.9940  GBP

10p ordinary

CFD

Decreasing Short

8,924

4.9633  GBP

10p ordinary

CFD

Decreasing Short

67

5.0091  GBP

10p ordinary

CFD

Decreasing Short

4,832

5.0171  GBP

10p ordinary

CFD

Decreasing Short

404

5.0237  GBP

10p ordinary

CFD

Decreasing Short

418

5.0336  GBP

10p ordinary

CFD

Decreasing Short

10,000

5.0655  GBP

10p ordinary

CFD

Opening Long

56,898

5.0660  GBP

10p ordinary

CFD

Decreasing Long

12,412

4.9842  GBP

10p ordinary

CFD

Decreasing Long

8,302

4.9885  GBP

10p ordinary

CFD

Decreasing Long

18,627

5.0273  GBP

10p ordinary

SWAP

Decreasing Short

2,696

4.9698  GBP

10p ordinary

SWAP

Decreasing Short

77

5.0040  GBP

10p ordinary

SWAP

Opening Long

47,442

5.0361  GBP

10p ordinary

SWAP

Increasing Long

5,869

5.0660  GBP

10p ordinary

SWAP

Decreasing Long

8

4.9500  GBP

10p ordinary

SWAP

Closing Long

10,397

5.0331  GBP

10p ordinary

SWAP

Increasing Long

1,490

5.0066  GBP

10p ordinary

SWAP

Increasing Long

1,190

5.0216  GBP

10p ordinary

SWAP

Increasing Long

680

5.0257  GBP

10p ordinary

SWAP

Increasing Long

508

5.0283  GBP

10p ordinary

SWAP

Increasing Long

900

5.0337  GBP

10p ordinary

SWAP

Increasing Long

736

5.0356  GBP

10p ordinary

SWAP

Increasing Long

704

5.0428  GBP

10p ordinary

SWAP

Increasing Long

616

5.0457  GBP

10p ordinary

SWAP

Increasing Long

44,538

5.0620  GBP

10p ordinary

SWAP

Decreasing Long

10

5.0662  GBP

10p ordinary

SWAP

Decreasing Short

31,250

4.9560  GBP

10p ordinary

SWAP

Decreasing Short

895

4.9702  GBP

10p ordinary

SWAP

Decreasing Short

2,121

4.9714  GBP

10p ordinary

SWAP

Decreasing Short

83,195

5.0089  GBP

10p ordinary

SWAP

Decreasing Short

40,569

5.0640  GBP

10p ordinary

SWAP

Increasing Short

452

4.9460  GBP

10p ordinary

SWAP

Increasing Short

3,768

4.9850  GBP

10p ordinary

SWAP

Increasing Short

17,175

5.0019  GBP

10p ordinary

SWAP

Increasing Short

32,042

5.0660  GBP

10p ordinary

SWAP

Decreasing Short

1,322

5.0039  GBP

10p ordinary

SWAP

Decreasing Short

569

5.0040  GBP

10p ordinary

SWAP

Decreasing Short

7,802

5.0056  GBP

10p ordinary

SWAP

Decreasing Short

1,000

5.0059  GBP

10p ordinary

SWAP

Decreasing Short

51,283

5.0236  GBP

10p ordinary

SWAP

Decreasing Short

20

5.0319  GBP

10p ordinary

SWAP

Decreasing Short

144

5.0361  GBP

10p ordinary

SWAP

Increasing Short

9,810

5.0193  GBP

10p ordinary

SWAP

Increasing Short

1,947

5.0253  GBP

10p ordinary

SWAP

Increasing Short

24,722

5.0264  GBP

10p ordinary

SWAP

Increasing Short

10,295

5.0271  GBP

10p ordinary

SWAP

Increasing Short

7,302

5.0316  GBP

10p ordinary

SWAP

Increasing Short

5,442

5.0344  GBP

10p ordinary

SWAP

Increasing Short

5,307

5.0360  GBP

10p ordinary

SWAP

Increasing Short

8,894

5.0441  GBP

10p ordinary

SWAP

Increasing Short

5,054

5.0448  GBP

10p ordinary

SWAP

Increasing Short

556

5.0660  GBP

10p ordinary

SWAP

Increasing Short

121

5.0680  GBP

10p ordinary

SWAP

Decreasing Short

330

4.9693  GBP

10p ordinary

SWAP

Decreasing Short

154

5.0380  GBP

10p ordinary

SWAP

Increasing Short

308

5.0380  GBP

10p ordinary

SWAP

Closing Short

3,545

5.0658  GBP

10p ordinary

SWAP

Decreasing Short

31,250

4.9560  GBP

10p ordinary

SWAP

Decreasing Short

47,845

5.0160  GBP

10p ordinary

SWAP

Decreasing Short

1

5.0660  GBP

10p ordinary

SWAP

Increasing Short

17,424

5.0660  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:

25 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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