Portfolio

Company Announcements

Form 8.5 (EPT/NON-RI) - Barratt Developments plc

Related Companies

By LSE RNS

RNS Number : 4194M
Barclays PLC
29 April 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:

26 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:

13,979,679

1.43%

6,251,957

0.64%

(2) Cash-settled derivatives:

5,314,895

0.55%

12,536,663

1.29%

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

0

0.00%

0

0.00%

 

 TOTAL:

 

19,294,574

1.98%

18,788,620

1.93%

 








(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

542068

4.5790  GBP

4.5080  GBP

10p ordinary

Sale

393500

4.5820  GBP

4.5273  GBP

ADR

Purchase

1500

11.3300  USD

11.3300  USD

ADR

Sale

1500

11.3300  USD

11.3300  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 Long

2

4.5559  GBP

10p ordinary

SWAP

Decreasing Long

4

4.5687  GBP

10p ordinary

SWAP

Decreasing Long

11

4.5617  GBP

10p ordinary

SWAP

Decreasing Long

21

4.5618  GBP

10p ordinary

SWAP

Decreasing Long

101

4.5632  GBP

10p ordinary

SWAP

Decreasing Long

399

4.5524  GBP

10p ordinary

SWAP

Decreasing Long

544

4.5554  GBP

10p ordinary

SWAP

Decreasing Long

809

4.5605  GBP

10p ordinary

SWAP

Decreasing Long

1,281

4.5374  GBP

10p ordinary

SWAP

Decreasing Long

1,907

4.5079  GBP

10p ordinary

SWAP

Decreasing Long

2,558

4.5668  GBP

10p ordinary

SWAP

Decreasing Long

3,790

4.5616  GBP

10p ordinary

SWAP

Decreasing Long

5,306

4.5682  GBP

10p ordinary

CFD

Decreasing Long

6,657

4.5460  GBP

10p ordinary

CFD

Decreasing Long

7,644

4.5320  GBP

10p ordinary

CFD

Decreasing Long

8,577

4.5489  GBP

10p ordinary

CFD

Decreasing Long

9,644

4.5464  GBP

10p ordinary

CFD

Decreasing Long

15,241

4.5493  GBP

10p ordinary

SWAP

Decreasing Long

19,851

4.5614  GBP

10p ordinary

CFD

Decreasing Long

21,649

4.5494  GBP

10p ordinary

SWAP

Decreasing Long

24,370

4.5490  GBP

10p ordinary

SWAP

Decreasing Long

57,570

4.5569  GBP

10p ordinary

SWAP

Decreasing Short

4

4.5759  GBP

10p ordinary

SWAP

Decreasing Short

52

4.5620  GBP

10p ordinary

SWAP

Decreasing Short

227

4.5420  GBP

10p ordinary

SWAP

Decreasing Short

254

4.5160  GBP

10p ordinary

SWAP

Decreasing Short

324

4.5669  GBP

10p ordinary

SWAP

Decreasing Short

443

4.5342  GBP

10p ordinary

SWAP

Decreasing Short

831

4.5486  GBP

10p ordinary

SWAP

Decreasing Short

884

4.5485  GBP

10p ordinary

SWAP

Decreasing Short

1,063

4.5454  GBP

10p ordinary

SWAP

Decreasing Short

2,586

4.5594  GBP

10p ordinary

SWAP

Decreasing Short

2,847

4.5595  GBP

10p ordinary

SWAP

Decreasing Short

3,381

4.5468  GBP

10p ordinary

SWAP

Decreasing Short

5,238

4.5441  GBP

10p ordinary

SWAP

Decreasing Short

10,223

4.5674  GBP

10p ordinary

SWAP

Decreasing Short

10,864

4.5627  GBP

10p ordinary

SWAP

Decreasing Short

11,822

4.5618  GBP

10p ordinary

SWAP

Decreasing Short

14,842

4.5634  GBP

10p ordinary

SWAP

Decreasing Short

16,010

4.5633  GBP

10p ordinary

SWAP

Decreasing Short

23,932

4.5613  GBP

10p ordinary

SWAP

Decreasing Short

24,406

4.5522  GBP

10p ordinary

SWAP

Decreasing Short

33,819

4.5581  GBP

10p ordinary

SWAP

Decreasing Short

48,884

4.5597  GBP

10p ordinary

CFD

Increasing Long

143

4.5320  GBP

10p ordinary

CFD

Increasing Long

1,500

4.5456  GBP

10p ordinary

CFD

Increasing Long

2,123

4.5673  GBP

10p ordinary

CFD

Increasing Long

6,624

4.5443  GBP

10p ordinary

CFD

Increasing Long

10,880

4.5662  GBP

10p ordinary

CFD

Increasing Long

19,098

4.5489  GBP

10p ordinary

SWAP

Increasing Short

31

4.5570  GBP

10p ordinary

SWAP

Increasing Short

415

4.5580  GBP

10p ordinary

SWAP

Increasing Short

681

4.5693  GBP

10p ordinary

SWAP

Increasing Short

1,139

4.5511  GBP

10p ordinary

SWAP

Increasing Short

4,595

4.5521  GBP

10p ordinary

SWAP

Increasing Short

5,308

4.5416  GBP

10p ordinary

SWAP

Increasing Short

6,930

4.5405  GBP

10p ordinary

SWAP

Increasing Short

7,069

4.5552  GBP

10p ordinary

SWAP

Increasing Short

7,693

4.5631  GBP

10p ordinary

SWAP

Increasing Short

14,968

4.5588  GBP

10p ordinary

SWAP

Increasing Short

152,866

4.5490  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:

29 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

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