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Barclays Capital Securities Ltd, an exempt principal trader, filed a Form 8.5 disclosure on July 11, 2024, detailing its positions and dealings in Redrow PLC's 10.5p ordinary shares as of June 5, 2024. On that date, the firm held interests totaling 8,869,121 shares (2.68%) and short positions of 9,938,479 shares (3.00%) in Redrow. Dealings included the purchase of 270,521 Redrow shares and sale of 64,308 Redrow shares, alongside various cash-settled derivative transactions.
| Date | 11 Jul 2024 |
| Time | 10:56:13 |
| Category | Holding(s) in company |
| ID | 0578W |
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FORM 8.5 (EPT/NON-RI) Amendment in 2(a) and 3 (a) and (b) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Name of exempt principal trader: |
BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
REDROW PLC |
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(c) |
Name of the party to the offer with which exempt |
REDROW PLC |
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(d) |
Date position held/dealing undertaken: |
05 Jun 2024 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
YES: |
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2. |
POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing (if any) |
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Class of relevant security: |
10.5p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) Relevant securities owned and/or controlled: |
8,150,903 |
2.46% |
1,965,448 |
0.59% |
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(2) Cash-settled derivatives: |
718,218 |
0.22% |
7,973,031 |
2.41% |
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
0 |
0.00% |
0 |
0.00% |
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8,869,121 |
2.68% |
9,938,479 |
3.00% |
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(b) |
Rights to subscribe for new securities (including directors and other executive options) |
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Class of relevant security in relation to |
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Details, including nature of the rights |
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3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
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(a) |
Purchase and sales |
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Class of relevant |
Purchase/sale |
Total number of |
Highest price per unit |
Lowest price per unit |
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10.5p ordinary |
Purchase |
270521 |
7.2389 GBP |
7.1633 GBP |
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10.5p ordinary |
Sale |
64308 |
7.2406 GBP |
7.1702 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product description |
Nature of dealing |
Number of |
Price per |
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10.5p ordinary |
CFD |
Increasing Short |
9,421 |
7.1497 GBP |
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10.5p ordinary |
CFD |
Increasing Short |
11,434 |
7.1688 GBP |
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10.5p ordinary |
CFD |
Increasing Short |
485 |
7.1849 GBP |
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10.5p ordinary |
SWAP |
Decreasing Long |
5,000 |
7.1698 GBP |
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10.5p ordinary |
SWAP |
Decreasing Short |
632 |
7.2100 GBP |
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10.5p ordinary |
SWAP |
Decreasing Short |
8 |
7.2400 GBP |
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10.5p ordinary |
SWAP |
Increasing Short |
8,870 |
7.1700 GBP |
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10.5p ordinary |
SWAP |
Increasing Short |
45,000 |
7.1735 GBP |
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10.5p ordinary |
SWAP |
Increasing Short |
372 |
7.1818 GBP |
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10.5p ordinary |
SWAP |
Increasing Short |
1,690 |
7.1836 GBP |
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10.5p ordinary |
SWAP |
Increasing Short |
4,563 |
7.2162 GBP |
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10.5p ordinary |
SWAP |
Decreasing Short |
640 |
7.1778 GBP |
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10.5p ordinary |
SWAP |
Increasing Short |
9,633 |
7.1700 GBP |
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10.5p ordinary |
SWAP |
Increasing Short |
105,000 |
7.1735 GBP |
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10.5p ordinary |
SWAP |
Increasing Short |
2,612 |
7.1741 GBP |
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10.5p ordinary |
SWAP |
Increasing Short |
1,682 |
7.1859 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
11 Jul 2024 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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