Last checked at 22 Feb 2024 11:35
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: | 21 Feb 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: | 5,492,900 | 0.56% | 4,284,405 | 0.44% | |||
(2) Cash-settled derivatives: | 3,738,417 | 0.38% | 4,310,874 | 0.44% | |||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
TOTAL: | 9,231,317 | 0.95% | 8,595,279 | 0.88% | |||
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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 | 2203926 | 4.8220 GBP | 4.7740 GBP | |||
10p ordinary | Sale | 1420896 | 4.8345 GBP | 4.7786 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 | CFD | Decreasing Long | 115 | 4.8053 GBP | |||
10p ordinary | CFD | Decreasing Long | 1,773 | 4.7927 GBP | |||
10p ordinary | SWAP | Decreasing Long | 4,923 | 4.8002 GBP | |||
10p ordinary | SWAP | Decreasing Long | 9,693 | 4.7853 GBP | |||
10p ordinary | CFD | Decreasing Long | 16,021 | 4.8131 GBP | |||
10p ordinary | CFD | Decreasing Long | 16,062 | 4.7959 GBP | |||
10p ordinary | SWAP | Decreasing Long | 30,240 | 4.7803 GBP | |||
10p ordinary | SWAP | Decreasing Short | 615 | 4.8112 GBP | |||
10p ordinary | SWAP | Decreasing Short | 780 | 4.7930 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,111 | 4.8090 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,075 | 4.8225 GBP | |||
10p ordinary | SWAP | Decreasing Short | 10,740 | 4.8051 GBP | |||
10p ordinary | SWAP | Decreasing Short | 20,327 | 4.8098 GBP | |||
10p ordinary | SWAP | Decreasing Short | 34,575 | 4.8009 GBP | |||
10p ordinary | SWAP | Decreasing Short | 38,053 | 4.7809 GBP | |||
10p ordinary | SWAP | Decreasing Short | 42,655 | 4.8008 GBP | |||
10p ordinary | SWAP | Decreasing Short | 82,048 | 4.8069 GBP | |||
10p ordinary | SWAP | Decreasing Short | 95,462 | 4.7790 GBP | |||
10p ordinary | CFD | Increasing Long | 41 | 4.8185 GBP | |||
10p ordinary | CFD | Increasing Long | 115 | 4.7796 GBP | |||
10p ordinary | SWAP | Increasing Long | 2,400 | 4.7923 GBP | |||
10p ordinary | CFD | Increasing Long | 3,577 | 4.8119 GBP | |||
10p ordinary | CFD | Increasing Long | 6,070 | 4.7807 GBP | |||
10p ordinary | CFD | Increasing Long | 14,246 | 4.7800 GBP | |||
10p ordinary | CFD | Increasing Long | 17,086 | 4.7819 GBP | |||
10p ordinary | SWAP | Increasing Long | 390,998 | 4.8027 GBP | |||
10p ordinary | SWAP | Increasing Long | 519,273 | 4.8345 GBP | |||
10p ordinary | SWAP | Increasing Short | 84 | 4.7748 GBP | |||
10p ordinary | SWAP | Increasing Short | 174 | 4.8010 GBP | |||
10p ordinary | SWAP | Increasing Short | 500 | 4.8200 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,025 | 4.8096 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,451 | 4.8068 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,217 | 4.7816 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,345 | 4.8060 GBP | |||
10p ordinary | SWAP | Increasing Short | 3,444 | 4.7794 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,010 | 4.8113 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,619 | 4.7837 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,948 | 4.7975 GBP | |||
10p ordinary | SWAP | Increasing Short | 13,583 | 4.7800 GBP | |||
10p ordinary | SWAP | Increasing Short | 18,846 | 4.8000 GBP | |||
10p ordinary | SWAP | Increasing Short | 32,840 | 4.7847 GBP | |||
10p ordinary | SWAP | Increasing Short | 45,909 | 4.7800 GBP | |||
10p ordinary | SWAP | Increasing Short | 49,369 | 4.7962 GBP | |||
10p ordinary | SWAP | Opening Short | 394 | 4.7960 GBP | |||
10p ordinary | SWAP | Opening Short | 1,327 | 4.7924 GBP | |||
10p ordinary | SWAP | Opening Short | 2,052 | 4.7829 GBP | |||
10p ordinary | SWAP | Opening Short | 5,325 | 4.7978 GBP | |||
10p ordinary | SWAP | Opening Short | 10,351 | 4.7997 GBP | |||
10p ordinary | SWAP | Opening Short | 14,267 | 4.7975 GBP | |||
10p ordinary | SWAP | Opening Short | 16,507 | 4.7939 GBP | |||
10p ordinary | SWAP | Opening Short | 22,268 | 4.7882 GBP | |||
10p ordinary | SWAP | Opening Short | 50,000 | 4.7807 GBP | |||
10p ordinary | SWAP | Opening Short | 54,741 | 4.7800 GBP | |||
10p ordinary | SWAP | Opening Short | 1,616,376 | 4.8069 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: | 22 Feb 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||