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:

14 Feb 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:

3,906,600

0.40%

3,163,670

0.32%

(2) Cash-settled derivatives:

2,729,954

0.28%

2,909,119

0.30%

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

0

0.00%

0

0.00%

TOTAL:

6,636,554

0.68%

6,072,789

0.62%

(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

821176

4.7990 GBP

4.7139 GBP

10p ordinary

Sale

1036807

4.7990 GBP

4.7110 GBP

ADR

Purchase

5200

11.9440 USD

11.9440 USD

ADR

Sale

5200

11.9440 USD

11.9440 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

Closing Short

51,302

4.7360 GBP

10p ordinary

SWAP

Decreasing Long

28

4.7290 GBP

10p ordinary

SWAP

Decreasing Long

623

4.7267 GBP

10p ordinary

SWAP

Decreasing Long

732

4.7139 GBP

10p ordinary

CFD

Decreasing Long

1,210

4.7301 GBP

10p ordinary

CFD

Decreasing Long

3,943

4.7197 GBP

10p ordinary

CFD

Decreasing Long

4,530

4.7845 GBP

10p ordinary

CFD

Decreasing Long

11,490

4.7544 GBP

10p ordinary

CFD

Decreasing Long

12,005

4.7803 GBP

10p ordinary

SWAP

Decreasing Long

14,500

4.7924 GBP

10p ordinary

CFD

Decreasing Long

34,169

4.7363 GBP

10p ordinary

CFD

Decreasing Long

97,576

4.7556 GBP

10p ordinary

SWAP

Decreasing Short

137

4.7760 GBP

10p ordinary

SWAP

Decreasing Short

383

4.7711 GBP

10p ordinary

SWAP

Decreasing Short

636

4.7490 GBP

10p ordinary

SWAP

Decreasing Short

690

4.7530 GBP

10p ordinary

SWAP

Decreasing Short

1,451

4.7589 GBP

10p ordinary

SWAP

Decreasing Short

1,516

4.7302 GBP

10p ordinary

SWAP

Decreasing Short

1,871

4.7551 GBP

10p ordinary

SWAP

Decreasing Short

2,780

4.7543 GBP

10p ordinary

SWAP

Decreasing Short

3,363

4.7539 GBP

10p ordinary

SWAP

Decreasing Short

7,330

4.7545 GBP

10p ordinary

SWAP

Decreasing Short

12,260

4.7358 GBP

10p ordinary

SWAP

Decreasing Short

13,945

4.7662 GBP

10p ordinary

SWAP

Decreasing Short

19,038

4.7778 GBP

10p ordinary

SWAP

Decreasing Short

54,745

4.7584 GBP

10p ordinary

SWAP

Decreasing Short

71,623

4.7597 GBP

10p ordinary

SWAP

Decreasing Short

163,268

4.7359 GBP

10p ordinary

SWAP

Decreasing Short

172,094

4.7592 GBP

10p ordinary

SWAP

Increasing Long

251

4.7678 GBP

10p ordinary

SWAP

Increasing Long

826

4.7721 GBP

10p ordinary

CFD

Increasing Long

1,700

4.7753 GBP

10p ordinary

SWAP

Increasing Long

2,496

4.7670 GBP

10p ordinary

SWAP

Increasing Long

2,509

4.7650 GBP

10p ordinary

SWAP

Increasing Long

2,802

4.7675 GBP

10p ordinary

SWAP

Increasing Long

3,667

4.7573 GBP

10p ordinary

CFD

Increasing Long

3,669

4.7558 GBP

10p ordinary

CFD

Increasing Long

3,695

4.6816 GBP

10p ordinary

SWAP

Increasing Long

11,665

4.7758 GBP

10p ordinary

CFD

Increasing Long

11,707

4.7595 GBP

10p ordinary

SWAP

Increasing Long

14,500

4.7452 GBP

10p ordinary

SWAP

Increasing Long

16,647

4.7715 GBP

10p ordinary

SWAP

Increasing Long

16,816

4.7359 GBP

10p ordinary

CFD

Increasing Long

25,979

4.7359 GBP

10p ordinary

SWAP

Increasing Long

32,469

4.7575 GBP

10p ordinary

SWAP

Increasing Long

50,500

4.7578 GBP

10p ordinary

SWAP

Increasing Short

586

4.7526 GBP

10p ordinary

SWAP

Increasing Short

821

4.7220 GBP

10p ordinary

SWAP

Increasing Short

977

4.7367 GBP

10p ordinary

SWAP

Increasing Short

995

4.7481 GBP

10p ordinary

SWAP

Increasing Short

1,116

4.7615 GBP

10p ordinary

CFD

Increasing Short

1,282

4.7235 GBP

10p ordinary

SWAP

Increasing Short

1,515

4.7760 GBP

10p ordinary

SWAP

Increasing Short

2,323

4.7613 GBP

10p ordinary

SWAP

Increasing Short

2,609

4.7605 GBP

10p ordinary

SWAP

Increasing Short

7,039

4.7507 GBP

10p ordinary

SWAP

Increasing Short

8,416

4.7685 GBP

10p ordinary

SWAP

Increasing Short

23,338

4.7351 GBP

10p ordinary

SWAP

Increasing Short

156,666

4.7360 GBP

10p ordinary

SWAP

Increasing Short

178,174

4.7360 GBP

10p ordinary

SWAP

Opening Short

605

4.7494 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:

15 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213