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:
|
16 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:
|
11,209,394
|
1.15%
|
6,859,906
|
0.70%
|
(2)
Cash-settled derivatives:
|
5,948,335
|
0.61%
|
9,830,143
|
1.01%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
17,157,729
|
1.76%
|
16,690,049
|
1.71%
|
|
|
|
|
|
|
|
|
(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
|
2143225
|
4.5320
GBP
|
4.4670
GBP
|
10p
ordinary
|
Sale
|
1924084
|
4.5320
GBP
|
4.4670
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
|
Closing
Long
|
48,200
|
4.4934
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
409
|
4.4857
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
19,989
|
4.4762
GBP
|
10p
ordinary
|
SWAP
|
Closing
Short
|
20,498
|
4.4760
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
4
|
4.4750
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
35
|
4.5045
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
46
|
4.5224
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
219
|
4.5026
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
264
|
4.5062
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
314
|
4.5050
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
439
|
4.5006
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
1,573
|
4.4763
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
2,302
|
4.5065
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
4,173
|
4.5113
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
5,718
|
4.4836
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
7,012
|
4.4922
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
15,762
|
4.4880
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
18,180
|
4.4940
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
21,999
|
4.5105
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
44,929
|
4.5055
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
86,279
|
4.4760
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
29
|
4.5110
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
36
|
4.4759
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
104
|
4.5249
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
200
|
4.5149
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
494
|
4.4950
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
730
|
4.4860
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
738
|
4.4765
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
794
|
4.5124
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,784
|
4.4934
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,027
|
4.4760
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,129
|
4.5106
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,459
|
4.5074
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,967
|
4.5085
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
12,597
|
4.5108
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
61,929
|
4.4766
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,296
|
4.4828
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,573
|
4.5106
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,302
|
4.5065
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
3,362
|
4.5265
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
4,394
|
4.4856
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
5,000
|
4.4919
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
6,176
|
4.4759
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
6,221
|
4.4875
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
7,691
|
4.5133
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
12,794
|
4.4921
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
15,762
|
4.4880
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
17,990
|
4.4940
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
29,524
|
4.4852
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
44,929
|
4.5055
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
84,369
|
4.4977
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
100,587
|
4.4967
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
207
|
4.5320
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
300
|
4.4976
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
671
|
4.5191
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,593
|
4.5055
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,720
|
4.4907
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,085
|
4.4894
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,066
|
4.4829
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,174
|
4.4885
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
7,410
|
4.4901
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,068
|
4.4904
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,595
|
4.4988
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,735
|
4.4902
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
12,088
|
4.4920
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
13,887
|
4.4903
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
16,713
|
4.4763
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
45,382
|
4.4919
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
64,931
|
4.4945
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
83,481
|
4.4760
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
114,105
|
4.4947
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
99
|
4.4827
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
302
|
4.4850
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
315
|
4.4914
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
424
|
4.4870
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
469
|
4.4759
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
863
|
4.4906
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
2,164
|
4.4848
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
5,147
|
4.4960
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:
|
17 Apr 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|