Last checked at 14 Jun 2024 11:17
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: | 13 Jun 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: | 11,940,886 | 1.23% | 4,663,311 | 0.48% | |||
(2) Cash-settled derivatives: | 3,787,866 | 0.39% | 10,616,719 | 1.09% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 15,728,752 | 1.61% | 15,280,030 | 1.57% | |||
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(b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
Class of relevant security in relation to which subscription right exists |
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Details, including nature of the rights concerned and relevant percentages: |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchase and sales |
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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 | 813775 | 5.0694 GBP | 4.9774 GBP | |||
10p ordinary | Sale | 1178299 | 5.0842 GBP | 4.9750 GBP | |||
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(b) | Cash-settled derivative transactions | ||||||
Class of relevant security | Product description | Nature of dealing | Number of reference securities | Price per unit | |||
10p ordinary | SWAP | Closing Short | 401 | 4.9916 GBP | |||
10p ordinary | CFD | Closing Short | 1,154 | 5.0024 GBP | |||
10p ordinary | CFD | Closing Short | 3,335 | 5.0566 GBP | |||
10p ordinary | CFD | Closing Short | 5,354 | 5.0420 GBP | |||
10p ordinary | SWAP | Closing Short | 9,056 | 5.0020 GBP | |||
10p ordinary | SWAP | Closing Short | 10,967 | 5.0017 GBP | |||
10p ordinary | SWAP | Decreasing Long | 8,582 | 5.0223 GBP | |||
10p ordinary | SWAP | Decreasing Long | 14,830 | 5.0210 GBP | |||
10p ordinary | SWAP | Decreasing Short | 673 | 5.0303 GBP | |||
10p ordinary | SWAP | Decreasing Short | 982 | 5.0141 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,142 | 4.9932 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,110 | 5.0062 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,075 | 5.0168 GBP | |||
10p ordinary | SWAP | Decreasing Short | 3,938 | 4.9998 GBP | |||
10p ordinary | SWAP | Decreasing Short | 6,231 | 5.0283 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,101 | 5.0096 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,298 | 5.0200 GBP | |||
10p ordinary | SWAP | Decreasing Short | 7,738 | 4.9940 GBP | |||
10p ordinary | SWAP | Decreasing Short | 10,745 | 4.9907 GBP | |||
10p ordinary | SWAP | Decreasing Short | 15,509 | 5.0035 GBP | |||
10p ordinary | SWAP | Decreasing Short | 16,422 | 5.0019 GBP | |||
10p ordinary | SWAP | Decreasing Short | 17,468 | 5.0032 GBP | |||
10p ordinary | SWAP | Decreasing Short | 21,068 | 4.9978 GBP | |||
10p ordinary | SWAP | Decreasing Short | 26,904 | 5.0070 GBP | |||
10p ordinary | SWAP | Decreasing Short | 40,320 | 5.0016 GBP | |||
10p ordinary | SWAP | Decreasing Short | 43,056 | 5.0024 GBP | |||
10p ordinary | SWAP | Decreasing Short | 115,171 | 5.0020 GBP | |||
10p ordinary | SWAP | Increasing Long | 1,772 | 4.9907 GBP | |||
10p ordinary | SWAP | Increasing Long | 4,925 | 4.9909 GBP | |||
10p ordinary | SWAP | Increasing Long | 83,313 | 5.0020 GBP | |||
10p ordinary | SWAP | Increasing Short | 464 | 5.0360 GBP | |||
10p ordinary | SWAP | Increasing Short | 605 | 5.0700 GBP | |||
10p ordinary | SWAP | Increasing Short | 609 | 5.0480 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,925 | 5.0315 GBP | |||
10p ordinary | SWAP | Increasing Short | 7,295 | 5.0359 GBP | |||
10p ordinary | SWAP | Increasing Short | 22,100 | 4.9979 GBP | |||
10p ordinary | SWAP | Increasing Short | 22,851 | 5.0018 GBP | |||
10p ordinary | SWAP | Increasing Short | 22,904 | 5.0227 GBP | |||
10p ordinary | CFD | Opening Long | 282 | 5.0842 GBP | |||
10p ordinary | CFD | Opening Long | 1,154 | 5.0695 GBP | |||
10p ordinary | CFD | Opening Long | 8,361 | 4.9966 GBP | |||
10p ordinary | SWAP | Opening Long | 20,619 | 5.0372 GBP | |||
10p ordinary | SWAP | Opening Long | 43,119 | 5.0315 GBP | |||
10p ordinary | CFD | Opening Long | 44,116 | 5.0015 GBP | |||
10p ordinary | SWAP | Opening Short | 8,673 | 5.0055 GBP | |||
10p ordinary | SWAP | Opening Short | 14,589 | 5.0265 GBP | |||
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(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 |
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(ii) | Exercising |
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Class of relevant security | Product description | Exercising/ exercised against | Number of securities | Exercise price per unit | |||
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(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant security | Nature of Dealings | Details | Price per unit (if applicable) | ||||
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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: | 14 Jun 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||