RNS Number : 4607B
Barclays PLC
22 August 2024
 

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 Aug 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:

26,187,104

2.69%

4,249,726

0.44%

(2) Cash-settled derivatives:

3,968,736

0.41%

22,977,371

2.36%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

 

 TOTAL:

 

30,155,840

3.09%

27,227,097

2.79%

 








(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

30277732

5.5200  GBP

5.4292  GBP

10p ordinary

Sale

23617997

5.5160  GBP

5.4261  GBP

ADR

Purchase

8666

14.3500  USD

14.2457  USD

ADR

Sale

8666

14.3500  USD

14.2457  USD

 








(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 Short

5,200

5.4734  GBP

10p ordinary

SWAP

Increasing Short

1,233,783

5.4300  GBP

10p ordinary

CFD

Increasing Long

1,008,000

5.4295  GBP

10p ordinary

CFD

Increasing Long

1,593

5.4300  GBP

10p ordinary

CFD

Increasing Long

7,611

5.4716  GBP

10p ordinary

CFD

Increasing Long

1,650

5.4806  GBP

10p ordinary

CFD

Increasing Long

7,749

5.4954  GBP

10p ordinary

CFD

Increasing Long

2,260

5.5015  GBP

10p ordinary

CFD

Decreasing Long

97,563

5.4304  GBP

10p ordinary

CFD

Decreasing Long

2,241

5.4477  GBP

10p ordinary

CFD

Decreasing Long

4,398

5.4726  GBP

10p ordinary

CFD

Decreasing Long

9,342

5.4929  GBP

10p ordinary

SWAP

Decreasing Short

7,856

5.4943  GBP

10p ordinary

SWAP

Increasing Short

630,142

0.0000  GBP

10p ordinary

SWAP

Opening Long

467,588

0.0000  GBP

10p ordinary

SWAP

Increasing Long

13,200

5.4729  GBP

10p ordinary

SWAP

Decreasing Short

852

5.4888  GBP

10p ordinary

SWAP

Increasing Short

38,076

0.0000  GBP

10p ordinary

SWAP

Increasing Short

799,732

0.0000  GBP

10p ordinary

SWAP

Opening Short

647,180

0.0000  GBP

10p ordinary

SWAP

Increasing Short

8,179

0.0000  GBP

10p ordinary

SWAP

Decreasing Short

17,957

5.4291  GBP

10p ordinary

SWAP

Decreasing Short

56,290

5.4300  GBP

10p ordinary

SWAP

Decreasing Short

21,713

5.4878  GBP

10p ordinary

SWAP

Increasing Short

4,059

5.4962  GBP

10p ordinary

SWAP

Decreasing Short

358,852

5.4289  GBP

10p ordinary

SWAP

Opening Long

749,453

5.4300  GBP

10p ordinary

SWAP

Increasing Long

2,447

5.4778  GBP

10p ordinary

SWAP

Increasing Long

20,629

5.4816  GBP

10p ordinary

SWAP

Increasing Long

176,615

5.4900  GBP

10p ordinary

SWAP

Increasing Long

104,542

5.5018  GBP

10p ordinary

SWAP

Increasing Long

14,493

5.5113  GBP

10p ordinary

SWAP

Opening Short

4,412,210

0.0000  GBP

10p ordinary

SWAP

Increasing Short

5,212,985

5.4300  GBP

10p ordinary

SWAP

Increasing Short

717,991

5.4302  GBP

10p ordinary

SWAP

Increasing Short

73,494

5.4800  GBP

10p ordinary

SWAP

Increasing Short

233,767

5.4806  GBP

10p ordinary

SWAP

Increasing Short

1,557

5.5022  GBP

10p ordinary

SWAP

Increasing Short

1,813

5.5079  GBP

10p ordinary

SWAP

Decreasing Short

2,611

5.4616  GBP

10p ordinary

SWAP

Decreasing Short

301

5.4753  GBP

10p ordinary

SWAP

Decreasing Short

4,027

5.4888  GBP

10p ordinary

SWAP

Decreasing Short

61,427

5.4904  GBP

10p ordinary

SWAP

Decreasing Short

5,517

5.4926  GBP

10p ordinary

SWAP

Decreasing Short

10,094

5.4932  GBP

10p ordinary

SWAP

Decreasing Short

6,955

5.4940  GBP

10p ordinary

SWAP

Decreasing Short

15,712

5.4965  GBP

10p ordinary

SWAP

Decreasing Short

61,634

5.4966  GBP

10p ordinary

SWAP

Decreasing Short

5,043

5.5038  GBP

10p ordinary

SWAP

Decreasing Short

4,362

5.5087  GBP

10p ordinary

SWAP

Increasing Short

98,131

0.0000  GBP

10p ordinary

SWAP

Increasing Short

26,018

5.4739  GBP

10p ordinary

SWAP

Increasing Short

8,312

5.4795  GBP

10p ordinary

SWAP

Increasing Short

6,595

5.4803  GBP

10p ordinary

SWAP

Increasing Short

2,047

5.4842  GBP

10p ordinary

SWAP

Increasing Short

467

5.4892  GBP

10p ordinary

SWAP

Increasing Short

3,171

5.4936  GBP

10p ordinary

SWAP

Increasing Short

3,507

5.4947  GBP

10p ordinary

SWAP

Increasing Short

627

5.4980  GBP

10p ordinary

SWAP

Increasing Short

13,108

5.4999  GBP

10p ordinary

SWAP

Increasing Short

1,246

5.5043  GBP

10p ordinary

SWAP

Increasing Short

3,760

5.5068  GBP

10p ordinary

SWAP

Decreasing Short

676

5.4920  GBP

10p ordinary

SWAP

Decreasing Short

664

5.4998  GBP

10p ordinary

SWAP

Increasing Short

387,758

0.0000  GBP

10p ordinary

SWAP

Increasing Short

332

5.4998  GBP

10p ordinary

SWAP

Increasing Long

378,000

5.4295  GBP

10p ordinary

SWAP

Increasing Long

23,361

5.4808  GBP

10p ordinary

SWAP

Increasing Long

96,864

5.4870  GBP

10p ordinary

SWAP

Decreasing Long

859,511

0.0000  GBP

10p ordinary

SWAP

Decreasing Long

1,177

5.4725  GBP

10p ordinary

SWAP

Opening Long

720,000

5.4286  GBP

10p ordinary

SWAP

Opening Long

786,364

5.4289  GBP

10p ordinary

SWAP

Increasing Long

871,603

5.4300  GBP

10p ordinary

SWAP

Increasing Long

83,325

5.4777  GBP

10p ordinary

SWAP

Increasing Long

10,553

5.4884  GBP

10p ordinary

SWAP

Decreasing Long

1,235,005

0.0000  GBP

10p ordinary

SWAP

Opening Short

2,637,060

5.4300  GBP

10p ordinary

SWAP

Increasing Short

56,379

5.4842  GBP

10p ordinary

SWAP

Increasing Short

124,901

5.4860  GBP

10p ordinary

SWAP

Increasing Short

3,187

5.5056  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:

22 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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