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:

22 May 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:

13,185,559

1.35%

5,891,776

0.60%

(2) Cash-settled derivatives:

4,782,920

0.49%

11,821,589

1.21%

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

0

0.00%

0

0.00%

TOTAL: 

17,968,479

1.84%

17,713,365

1.82%

(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

1708357

5.0560 GBP

4.9640 GBP

10p ordinary

Sale

1629560

5.0560 GBP

4.9640 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

Closing Short

1,405

5.0282 GBP

10p ordinary

SWAP

Closing Short

1,813

4.9960 GBP

10p ordinary

CFD

Decreasing Long

2,429

5.0013 GBP

10p ordinary

CFD

Decreasing Long

6,174

5.0404 GBP

10p ordinary

CFD

Decreasing Long

6,718

5.0262 GBP

10p ordinary

SWAP

Decreasing Long

10,722

4.9960 GBP

10p ordinary

CFD

Decreasing Long

27,050

4.9963 GBP

10p ordinary

SWAP

Decreasing Short

17

5.0400 GBP

10p ordinary

SWAP

Decreasing Short

475

5.0327 GBP

10p ordinary

SWAP

Decreasing Short

958

4.9720 GBP

10p ordinary

SWAP

Decreasing Short

1,003

5.0477 GBP

10p ordinary

SWAP

Decreasing Short

1,292

5.0381 GBP

10p ordinary

SWAP

Decreasing Short

1,777

5.0113 GBP

10p ordinary

SWAP

Decreasing Short

2,224

5.0363 GBP

10p ordinary

SWAP

Decreasing Short

2,487

5.0190 GBP

10p ordinary

SWAP

Decreasing Short

5,240

5.0066 GBP

10p ordinary

SWAP

Decreasing Short

5,301

5.0018 GBP

10p ordinary

SWAP

Decreasing Short

5,342

5.0387 GBP

10p ordinary

SWAP

Decreasing Short

5,400

5.0098 GBP

10p ordinary

SWAP

Decreasing Short

7,307

5.0046 GBP

10p ordinary

SWAP

Decreasing Short

7,346

5.0036 GBP

10p ordinary

SWAP

Decreasing Short

7,378

5.0040 GBP

10p ordinary

SWAP

Decreasing Short

7,563

5.0203 GBP

10p ordinary

SWAP

Decreasing Short

8,610

4.9987 GBP

10p ordinary

SWAP

Decreasing Short

11,017

5.0114 GBP

10p ordinary

SWAP

Decreasing Short

12,866

5.0071 GBP

10p ordinary

SWAP

Decreasing Short

13,203

5.0148 GBP

10p ordinary

SWAP

Decreasing Short

16,758

5.0096 GBP

10p ordinary

SWAP

Decreasing Short

23,212

5.0000 GBP

10p ordinary

SWAP

Decreasing Short

23,728

5.0099 GBP

10p ordinary

SWAP

Decreasing Short

35,781

4.9979 GBP

10p ordinary

SWAP

Decreasing Short

62,782

4.9959 GBP

10p ordinary

SWAP

Increasing Long

68

5.0019 GBP

10p ordinary

SWAP

Increasing Long

113

5.0060 GBP

10p ordinary

SWAP

Increasing Long

195

5.0118 GBP

10p ordinary

SWAP

Increasing Long

238

5.0061 GBP

10p ordinary

SWAP

Increasing Long

249

5.0222 GBP

10p ordinary

SWAP

Increasing Long

325

5.0434 GBP

10p ordinary

SWAP

Increasing Long

584

5.0096 GBP

10p ordinary

SWAP

Increasing Long

790

5.0374 GBP

10p ordinary

CFD

Increasing Long

943

4.9960 GBP

10p ordinary

SWAP

Increasing Long

2,838

5.0173 GBP

10p ordinary

SWAP

Increasing Long

4,133

5.0140 GBP

10p ordinary

CFD

Increasing Long

5,775

5.0316 GBP

10p ordinary

CFD

Increasing Long

6,174

4.9955 GBP

10p ordinary

SWAP

Increasing Long

6,974

5.0181 GBP

10p ordinary

SWAP

Increasing Long

8,207

5.0091 GBP

10p ordinary

SWAP

Increasing Long

9,302

5.0138 GBP

10p ordinary

SWAP

Increasing Long

9,318

5.0237 GBP

10p ordinary

SWAP

Increasing Long

9,650

5.0134 GBP

10p ordinary

SWAP

Increasing Long

15,599

5.0104 GBP

10p ordinary

SWAP

Increasing Long

18,395

4.9879 GBP

10p ordinary

SWAP

Increasing Long

31,170

5.0022 GBP

10p ordinary

SWAP

Increasing Long

249,612

5.0145 GBP

10p ordinary

SWAP

Increasing Short

955

5.0256 GBP

10p ordinary

SWAP

Increasing Short

2,146

5.0355 GBP

10p ordinary

SWAP

Increasing Short

4,968

4.9949 GBP

10p ordinary

SWAP

Increasing Short

10,033

4.9932 GBP

10p ordinary

SWAP

Increasing Short

14,717

4.9908 GBP

10p ordinary

SWAP

Increasing Short

20,267

0.0000 GBP

10p ordinary

SWAP

Increasing Short

26,056

4.9681 GBP

10p ordinary

SWAP

Increasing Short

32,969

5.0166 GBP

10p ordinary

SWAP

Increasing Short

44,065

4.9975 GBP

10p ordinary

SWAP

Increasing Short

63,086

5.0013 GBP

10p ordinary

SWAP

Increasing Short

78,700

5.0506 GBP

10p ordinary

SWAP

Increasing Short

78,700

4.9972 GBP

10p ordinary

SWAP

Increasing Short

368,921

4.9960 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:

23 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213