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)
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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)
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Name of the party to the offer with which exempt
principal trader is connected
|
REDROW PLC
|
(d)
|
Date position held/dealing undertaken:
|
01 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:
|
11,124,200
|
1.14%
|
6,574,839
|
0.67%
|
(2)
Cash-settled derivatives:
|
5,679,674
|
0.58%
|
9,717,277
|
1.00%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
16,803,874
|
1.72%
|
16,292,116
|
1.67%
|
|
|
|
|
|
|
|
|
(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
|
1128130
|
4.8390
GBP
|
4.7220
GBP
|
10p
ordinary
|
Sale
|
1652351
|
4.8390
GBP
|
4.7220
GBP
|
ADR
|
Purchase
|
20
|
12.1800
USD
|
12.1800
USD
|
ADR
|
Sale
|
20
|
12.1800
USD
|
12.1800
USD
|
|
|
|
|
|
|
|
|
(b)
|
Cash-settled derivative transactions
|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
653
|
4.7696
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
11,875
|
4.7780
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
3,089
|
4.7908
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Short
|
25,086
|
4.8003
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
653
|
4.7783
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
200
|
4.7881
GBP
|
10p
ordinary
|
CFD
|
Increasing
Short
|
36,761
|
4.7946
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
636
|
4.7941
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
16,710
|
4.7780
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
5
|
4.7940
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
8,480
|
4.7782
GBP
|
10p
ordinary
|
SWAP
|
Closing
Long
|
2,678
|
4.8103
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
46
|
4.8310
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
157
|
4.8268
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
162
|
4.7912
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
106
|
4.8012
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
63,988
|
4.7843
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
8,115
|
4.7999
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
422,125
|
4.7220
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,194
|
4.7700
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
54,556
|
4.7780
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
13,632
|
4.7898
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
30,661
|
4.8085
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
133,839
|
4.8098
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,778
|
4.8100
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,540
|
4.8107
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
42,838
|
4.7780
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
39,260
|
4.7966
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
646
|
4.8097
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,299
|
4.8110
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,400
|
4.8121
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
685
|
4.8210
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
109,596
|
4.8227
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
21,399
|
4.7779
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,608
|
4.7863
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,212
|
4.7889
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
21,787
|
4.7902
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
8,195
|
4.7914
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,176
|
4.7915
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
15,356
|
4.7985
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,491
|
4.7987
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
10,919
|
4.7996
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,780
|
4.8030
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
82,957
|
4.8097
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
14
|
4.7900
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,553
|
4.8043
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,383
|
4.8175
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
274
|
4.8200
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
390
|
4.8217
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
15,143
|
4.8265
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
973
|
4.8344
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
202
|
4.7924
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
197
|
4.7927
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1
|
4.7993
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
282
|
4.8019
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,533
|
4.8044
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,764
|
4.8128
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
112
|
4.8184
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
41
|
4.8218
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
74
|
4.8306
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,838
|
4.8310
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
156
|
4.7896
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
27,265
|
4.7907
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
20,985
|
4.8103
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
44,561
|
4.8106
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
147,496
|
4.7220
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
6,825
|
4.7780
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,905
|
4.8209
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:
|
02 Jul 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|