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:
|
25 Apr 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:
|
14,019,601
|
1.44%
|
6,398,898
|
0.66%
|
(2)
Cash-settled derivatives:
|
5,462,463
|
0.56%
|
12,589,150
|
1.29%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
19,482,064
|
2.00%
|
18,988,048
|
1.95%
|
|
|
|
|
|
|
|
|
(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
|
1577693
|
4.5490
GBP
|
4.4641
GBP
|
10p
ordinary
|
Sale
|
944685
|
4.5534
GBP
|
4.4530
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
Long
|
13
|
4.5317
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
15
|
4.5296
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
20
|
4.4656
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
52
|
4.4694
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
55
|
4.5059
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
66
|
4.4869
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
109
|
4.4860
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
172
|
4.4867
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
198
|
4.4878
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
222
|
4.4763
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
240
|
4.4955
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
250
|
4.4673
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
271
|
4.4930
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
292
|
4.4882
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,387
|
4.5328
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,635
|
4.4699
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,847
|
4.4898
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
1,888
|
4.4800
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,307
|
4.4755
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
2,391
|
4.4783
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,707
|
4.4844
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,148
|
4.5073
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
4,805
|
4.5034
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
5,109
|
4.4667
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
6,209
|
4.5084
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
9,489
|
4.4879
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
10,820
|
4.5072
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
16,243
|
4.4845
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
18,408
|
4.5051
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
19,405
|
4.4880
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
99,814
|
4.4880
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
128,853
|
4.5038
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
11
|
4.4529
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
24
|
4.4619
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
59
|
4.4581
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,068
|
4.5407
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,308
|
4.4830
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,411
|
4.5363
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,787
|
4.4719
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,092
|
4.5354
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
3,325
|
4.4879
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
25,137
|
4.5368
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
39,727
|
4.4875
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
78,348
|
4.5148
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
122
|
4.4812
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
887
|
4.4880
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,391
|
4.4876
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
9,688
|
4.4879
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
18,252
|
4.5196
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
19,954
|
4.5041
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
478
|
4.5195
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
936
|
4.4950
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,294
|
4.5237
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,708
|
4.5404
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,015
|
4.4641
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,263
|
4.5345
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
4,692
|
4.5341
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,868
|
4.5118
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
6,523
|
4.4647
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
9,682
|
4.5311
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
10,549
|
4.5059
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11,547
|
4.5403
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
22,005
|
4.4819
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
25,913
|
4.4880
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
29,675
|
4.4876
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
50,000
|
4.4886
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
50,584
|
4.4719
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
78,223
|
4.5266
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
88,607
|
4.4684
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
89,870
|
4.4761
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:
|
26 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|