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:
|
05 Mar 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:
|
7,923,625
|
0.81%
|
5,991,786
|
0.61%
|
(2)
Cash-settled derivatives:
|
5,102,172
|
0.52%
|
6,348,039
|
0.65%
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
TOTAL:
|
13,025,797
|
1.34%
|
12,339,825
|
1.27%
|
|
|
|
|
|
|
|
|
(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
|
1172772
|
4.7500
GBP
|
4.6948
GBP
|
10p
ordinary
|
Sale
|
1500430
|
4.7500
GBP
|
4.6909
GBP
|
|
|
|
|
|
|
|
|
(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
|
1,087
|
4.7433
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
2,334
|
4.6844
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
3,994
|
4.7475
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
8,375
|
4.7277
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
31,980
|
4.7297
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
50,942
|
4.7122
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
88,895
|
4.7180
GBP
|
10p
ordinary
|
CFD
|
Decreasing
Long
|
90,220
|
4.7104
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Long
|
132,800
|
4.6972
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
433
|
4.7170
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
644
|
4.7460
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
1,262
|
4.6896
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
2,942
|
4.7137
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
5,515
|
4.6969
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
7,319
|
4.6876
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
18,239
|
4.7099
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
23,618
|
4.7386
GBP
|
10p
ordinary
|
SWAP
|
Decreasing
Short
|
57,931
|
4.7102
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1
|
4.7285
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
387
|
4.7215
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
491
|
4.7176
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
1,087
|
4.7096
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
1,657
|
4.7333
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
2,178
|
4.7323
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
2,974
|
4.7042
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
3,324
|
4.6980
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
5,410
|
4.7420
GBP
|
10p
ordinary
|
CFD
|
Increasing
Long
|
5,744
|
4.7253
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
7,130
|
4.7087
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
9,331
|
4.7209
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
11,869
|
4.7207
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
12,445
|
4.7307
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
21,658
|
4.7099
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
58,114
|
4.7112
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
66,896
|
4.7093
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
97,571
|
4.7180
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Long
|
857,964
|
4.7425
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8
|
4.7088
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
11
|
4.7100
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
223
|
4.7390
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
300
|
4.7440
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
315
|
4.7073
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
482
|
4.7017
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
779
|
4.7138
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
914
|
4.7106
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,040
|
4.7459
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
1,899
|
4.7125
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,302
|
4.7171
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,567
|
4.7035
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
2,636
|
4.7277
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
3,305
|
4.7190
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
5,498
|
4.7168
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
8,041
|
4.7149
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
24,003
|
4.7203
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
100,000
|
4.7145
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
106,295
|
4.7078
GBP
|
10p
ordinary
|
SWAP
|
Increasing
Short
|
323,589
|
4.7100
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
296
|
4.7041
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
317
|
4.7215
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
581
|
4.7333
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
589
|
4.7043
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
1,050
|
4.7307
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
2,091
|
4.7209
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
2,503
|
4.7087
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
17,733
|
4.7099
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
19,869
|
4.7180
GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
25,876
|
4.7112
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:
|
06 Mar 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|