Form 8.5 (EPT/NON-RI) BARRATT DEVELOPMENTS PLC

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:

24 Jul 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:

10,546,960

1.08%

4,939,396

0.51%

(2) Cash-settled derivatives:

3,926,764

0.40%

9,188,792

0.94%

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

0

0.00%

0

0.00%

TOTAL: 

14,473,724

1.49%

14,128,188

1.45%

(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

955844

5.0700 GBP

4.9460 GBP

10p ordinary

Sale

1296835

5.0726 GBP

4.9482 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

Opening Long

1,100

4.9943 GBP

10p ordinary

SWAP

Decreasing Short

100

4.9940 GBP

10p ordinary

CFD

Decreasing Short

8,924

4.9633 GBP

10p ordinary

CFD

Decreasing Short

67

5.0091 GBP

10p ordinary

CFD

Decreasing Short

4,832

5.0171 GBP

10p ordinary

CFD

Decreasing Short

404

5.0237 GBP

10p ordinary

CFD

Decreasing Short

418

5.0336 GBP

10p ordinary

CFD

Decreasing Short

10,000

5.0655 GBP

10p ordinary

CFD

Opening Long

56,898

5.0660 GBP

10p ordinary

CFD

Decreasing Long

12,412

4.9842 GBP

10p ordinary

CFD

Decreasing Long

8,302

4.9885 GBP

10p ordinary

CFD

Decreasing Long

18,627

5.0273 GBP

10p ordinary

SWAP

Decreasing Short

2,696

4.9698 GBP

10p ordinary

SWAP

Decreasing Short

77

5.0040 GBP

10p ordinary

SWAP

Opening Long

47,442

5.0361 GBP

10p ordinary

SWAP

Increasing Long

5,869

5.0660 GBP

10p ordinary

SWAP

Decreasing Long

8

4.9500 GBP

10p ordinary

SWAP

Closing Long

10,397

5.0331 GBP

10p ordinary

SWAP

Increasing Long

1,490

5.0066 GBP

10p ordinary

SWAP

Increasing Long

1,190

5.0216 GBP

10p ordinary

SWAP

Increasing Long

680

5.0257 GBP

10p ordinary

SWAP

Increasing Long

508

5.0283 GBP

10p ordinary

SWAP

Increasing Long

900

5.0337 GBP

10p ordinary

SWAP

Increasing Long

736

5.0356 GBP

10p ordinary

SWAP

Increasing Long

704

5.0428 GBP

10p ordinary

SWAP

Increasing Long

616

5.0457 GBP

10p ordinary

SWAP

Increasing Long

44,538

5.0620 GBP

10p ordinary

SWAP

Decreasing Long

10

5.0662 GBP

10p ordinary

SWAP

Decreasing Short

31,250

4.9560 GBP

10p ordinary

SWAP

Decreasing Short

895

4.9702 GBP

10p ordinary

SWAP

Decreasing Short

2,121

4.9714 GBP

10p ordinary

SWAP

Decreasing Short

83,195

5.0089 GBP

10p ordinary

SWAP

Decreasing Short

40,569

5.0640 GBP

10p ordinary

SWAP

Increasing Short

452

4.9460 GBP

10p ordinary

SWAP

Increasing Short

3,768

4.9850 GBP

10p ordinary

SWAP

Increasing Short

17,175

5.0019 GBP

10p ordinary

SWAP

Increasing Short

32,042

5.0660 GBP

10p ordinary

SWAP

Decreasing Short

1,322

5.0039 GBP

10p ordinary

SWAP

Decreasing Short

569

5.0040 GBP

10p ordinary

SWAP

Decreasing Short

7,802

5.0056 GBP

10p ordinary

SWAP

Decreasing Short

1,000

5.0059 GBP

10p ordinary

SWAP

Decreasing Short

51,283

5.0236 GBP

10p ordinary

SWAP

Decreasing Short

20

5.0319 GBP

10p ordinary

SWAP

Decreasing Short

144

5.0361 GBP

10p ordinary

SWAP

Increasing Short

9,810

5.0193 GBP

10p ordinary

SWAP

Increasing Short

1,947

5.0253 GBP

10p ordinary

SWAP

Increasing Short

24,722

5.0264 GBP

10p ordinary

SWAP

Increasing Short

10,295

5.0271 GBP

10p ordinary

SWAP

Increasing Short

7,302

5.0316 GBP

10p ordinary

SWAP

Increasing Short

5,442

5.0344 GBP

10p ordinary

SWAP

Increasing Short

5,307

5.0360 GBP

10p ordinary

SWAP

Increasing Short

8,894

5.0441 GBP

10p ordinary

SWAP

Increasing Short

5,054

5.0448 GBP

10p ordinary

SWAP

Increasing Short

556

5.0660 GBP

10p ordinary

SWAP

Increasing Short

121

5.0680 GBP

10p ordinary

SWAP

Decreasing Short

330

4.9693 GBP

10p ordinary

SWAP

Decreasing Short

154

5.0380 GBP

10p ordinary

SWAP

Increasing Short

308

5.0380 GBP

10p ordinary

SWAP

Closing Short

3,545

5.0658 GBP

10p ordinary

SWAP

Decreasing Short

31,250

4.9560 GBP

10p ordinary

SWAP

Decreasing Short

47,845

5.0160 GBP

10p ordinary

SWAP

Decreasing Short

1

5.0660 GBP

10p ordinary

SWAP

Increasing Short

17,424

5.0660 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:

25 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213