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:

16 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:

4,285,226

0.44%

3,638,370

0.37%

(2) Cash-settled derivatives:

3,090,620

0.32%

3,146,395

0.32%

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

0

0.00%

0

0.00%

TOTAL: 

7,375,846

0.76%

6,784,765

0.70%

(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

1877261

4.7890 GBP

4.7100 GBP

10p ordinary

Sale

2090168

4.7890 GBP

4.7100 GBP

ADR

Purchase

20002

11.9672 USD

11.9672 USD

ADR

Sale

20002

11.9672 USD

11.9672 USD

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10p ordinary

CFD

Decreasing Long

1,000

4.7583 GBP

10p ordinary

SWAP

Decreasing Long

2,655

4.7795 GBP

10p ordinary

SWAP

Decreasing Long

2,671

4.7799 GBP

10p ordinary

SWAP

Decreasing Long

3,614

4.7791 GBP

10p ordinary

CFD

Decreasing Long

16,056

4.7600 GBP

10p ordinary

CFD

Decreasing Long

25,241

4.7373 GBP

10p ordinary

SWAP

Decreasing Long

26,104

4.7788 GBP

10p ordinary

SWAP

Decreasing Long

31,342

4.7698 GBP

10p ordinary

SWAP

Decreasing Long

39,916

4.7800 GBP

10p ordinary

CFD

Decreasing Long

81,489

4.7716 GBP

10p ordinary

SWAP

Decreasing Short

192

4.7500 GBP

10p ordinary

SWAP

Decreasing Short

330

4.7580 GBP

10p ordinary

SWAP

Decreasing Short

463

4.7770 GBP

10p ordinary

SWAP

Decreasing Short

800

4.7683 GBP

10p ordinary

SWAP

Decreasing Short

1,387

4.7627 GBP

10p ordinary

SWAP

Decreasing Short

1,902

4.7450 GBP

10p ordinary

SWAP

Decreasing Short

2,207

4.7529 GBP

10p ordinary

SWAP

Decreasing Short

4,155

4.7639 GBP

10p ordinary

SWAP

Decreasing Short

12,537

4.7424 GBP

10p ordinary

SWAP

Decreasing Short

13,255

4.7583 GBP

10p ordinary

SWAP

Decreasing Short

14,285

4.7661 GBP

10p ordinary

SWAP

Decreasing Short

15,205

4.7437 GBP

10p ordinary

SWAP

Decreasing Short

58,456

4.7388 GBP

10p ordinary

SWAP

Decreasing Short

59,655

4.7540 GBP

10p ordinary

SWAP

Decreasing Short

130,454

4.7778 GBP

10p ordinary

SWAP

Decreasing Short

320,346

4.7614 GBP

10p ordinary

CFD

Increasing Long

63

4.7596 GBP

10p ordinary

SWAP

Increasing Long

209

4.7654 GBP

10p ordinary

SWAP

Increasing Long

225

4.7360 GBP

10p ordinary

SWAP

Increasing Long

353

4.7459 GBP

10p ordinary

SWAP

Increasing Long

562

4.7506 GBP

10p ordinary

SWAP

Increasing Long

742

4.7355 GBP

10p ordinary

SWAP

Increasing Long

1,690

4.7282 GBP

10p ordinary

SWAP

Increasing Long

2,827

4.7322 GBP

10p ordinary

SWAP

Increasing Long

3,130

4.7419 GBP

10p ordinary

SWAP

Increasing Long

4,671

4.7573 GBP

10p ordinary

CFD

Increasing Long

5,162

4.7705 GBP

10p ordinary

SWAP

Increasing Long

5,248

4.7557 GBP

10p ordinary

SWAP

Increasing Long

5,727

4.7549 GBP

10p ordinary

SWAP

Increasing Long

7,902

4.7604 GBP

10p ordinary

CFD

Increasing Long

12,399

4.7507 GBP

10p ordinary

CFD

Increasing Long

15,840

4.7751 GBP

10p ordinary

CFD

Increasing Long

20,817

4.7800 GBP

10p ordinary

CFD

Increasing Long

22,060

4.7260 GBP

10p ordinary

SWAP

Increasing Long

59,109

4.7799 GBP

10p ordinary

SWAP

Increasing Long

421,713

4.7476 GBP

10p ordinary

SWAP

Increasing Short

868

4.7603 GBP

10p ordinary

SWAP

Increasing Short

881

4.7432 GBP

10p ordinary

SWAP

Increasing Short

976

4.7580 GBP

10p ordinary

SWAP

Increasing Short

1,911

4.7496 GBP

10p ordinary

SWAP

Increasing Short

1,924

4.7431 GBP

10p ordinary

SWAP

Increasing Short

1,959

4.7583 GBP

10p ordinary

SWAP

Increasing Short

9,079

4.7518 GBP

10p ordinary

SWAP

Increasing Short

18,643

4.7741 GBP

10p ordinary

SWAP

Increasing Short

45,710

4.7597 GBP

10p ordinary

SWAP

Increasing Short

105,719

4.7627 GBP

10p ordinary

SWAP

Increasing Short

110,922

4.7757 GBP

10p ordinary

SWAP

Increasing Short

128,302

4.7800 GBP

10p ordinary

SWAP

Increasing Short

160,119

4.7800 GBP

10p ordinary

SWAP

Increasing Short

188,416

4.7632 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:

19 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213