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:

30 Apr 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:

13,882,205

1.42%

6,147,657

0.63%

(2) Cash-settled derivatives:

5,248,963

0.54%

12,480,944

1.28%

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

0

0.00%

0

0.00%

TOTAL: 

19,131,168

1.96%

18,628,601

1.91%

(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

862713

4.5985 GBP

4.5430 GBP

10p ordinary

Sale

993690

4.5969 GBP

4.5443 GBP

ADR

Purchase

660

11.4400 USD

11.4400 USD

ADR

Sale

660

11.4400 USD

11.4400 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

Decreasing Long

4

4.5584 GBP

10p ordinary

SWAP

Decreasing Long

6

4.5655 GBP

10p ordinary

SWAP

Decreasing Long

10

4.5653 GBP

10p ordinary

SWAP

Decreasing Long

27

4.5675 GBP

10p ordinary

SWAP

Decreasing Long

48

4.5446 GBP

10p ordinary

SWAP

Decreasing Long

103

4.5608 GBP

10p ordinary

CFD

Decreasing Long

124

4.5820 GBP

10p ordinary

SWAP

Decreasing Long

165

4.5889 GBP

10p ordinary

SWAP

Decreasing Long

168

4.5500 GBP

10p ordinary

SWAP

Decreasing Long

258

4.5674 GBP

10p ordinary

SWAP

Decreasing Long

438

4.5452 GBP

10p ordinary

SWAP

Decreasing Long

547

4.5877 GBP

10p ordinary

SWAP

Decreasing Long

634

4.5437 GBP

10p ordinary

SWAP

Decreasing Long

902

4.5662 GBP

10p ordinary

SWAP

Decreasing Long

976

4.5587 GBP

10p ordinary

SWAP

Decreasing Long

1,053

4.5764 GBP

10p ordinary

SWAP

Decreasing Long

1,114

4.5805 GBP

10p ordinary

SWAP

Decreasing Long

1,846

4.5445 GBP

10p ordinary

CFD

Decreasing Long

2,087

4.5546 GBP

10p ordinary

SWAP

Decreasing Long

2,688

4.5841 GBP

10p ordinary

SWAP

Decreasing Long

3,426

4.5580 GBP

10p ordinary

SWAP

Decreasing Long

3,757

4.5796 GBP

10p ordinary

SWAP

Decreasing Long

7,420

4.5706 GBP

10p ordinary

SWAP

Decreasing Long

8,430

4.5836 GBP

10p ordinary

SWAP

Decreasing Long

11,401

4.5470 GBP

10p ordinary

CFD

Decreasing Long

16,026

4.5469 GBP

10p ordinary

SWAP

Decreasing Long

25,804

4.5690 GBP

10p ordinary

CFD

Decreasing Long

32,142

4.5879 GBP

10p ordinary

SWAP

Decreasing Short

253

4.5688 GBP

10p ordinary

SWAP

Decreasing Short

427

4.5705 GBP

10p ordinary

SWAP

Decreasing Short

547

4.5689 GBP

10p ordinary

SWAP

Decreasing Short

913

4.5706 GBP

10p ordinary

SWAP

Decreasing Short

1,080

4.5891 GBP

10p ordinary

SWAP

Decreasing Short

1,491

4.5643 GBP

10p ordinary

SWAP

Decreasing Short

1,672

4.5622 GBP

10p ordinary

SWAP

Decreasing Short

1,689

4.5697 GBP

10p ordinary

SWAP

Decreasing Short

2,511

4.5759 GBP

10p ordinary

SWAP

Decreasing Short

4,342

4.5565 GBP

10p ordinary

SWAP

Decreasing Short

5,363

4.5604 GBP

10p ordinary

SWAP

Decreasing Short

6,456

4.5709 GBP

10p ordinary

SWAP

Decreasing Short

7,009

4.5655 GBP

10p ordinary

SWAP

Decreasing Short

7,584

4.5623 GBP

10p ordinary

SWAP

Decreasing Short

11,121

4.5443 GBP

10p ordinary

SWAP

Decreasing Short

11,227

4.5674 GBP

10p ordinary

SWAP

Decreasing Short

11,783

4.5593 GBP

10p ordinary

SWAP

Decreasing Short

12,037

4.5649 GBP

10p ordinary

SWAP

Decreasing Short

16,119

4.5728 GBP

10p ordinary

SWAP

Decreasing Short

18,702

4.5661 GBP

10p ordinary

SWAP

Decreasing Short

18,721

4.5667 GBP

10p ordinary

SWAP

Decreasing Short

29,267

4.5607 GBP

10p ordinary

SWAP

Decreasing Short

30,040

4.5503 GBP

10p ordinary

SWAP

Decreasing Short

30,196

4.5473 GBP

10p ordinary

SWAP

Decreasing Short

38,798

4.5470 GBP

10p ordinary

SWAP

Decreasing Short

48,493

4.5645 GBP

10p ordinary

CFD

Increasing Long

115

4.5615 GBP

10p ordinary

CFD

Increasing Long

562

4.5470 GBP

10p ordinary

CFD

Increasing Long

839

4.5929 GBP

10p ordinary

CFD

Increasing Long

1,427

4.5866 GBP

10p ordinary

CFD

Increasing Long

9,597

4.5857 GBP

10p ordinary

CFD

Increasing Long

9,950

4.5645 GBP

10p ordinary

CFD

Increasing Long

13,447

4.5832 GBP

10p ordinary

CFD

Increasing Long

20,838

4.5752 GBP

10p ordinary

CFD

Increasing Long

33,320

4.5469 GBP

10p ordinary

SWAP

Increasing Short

34

4.5408 GBP

10p ordinary

SWAP

Increasing Short

84

4.5426 GBP

10p ordinary

SWAP

Increasing Short

165

4.5740 GBP

10p ordinary

SWAP

Increasing Short

246

4.5417 GBP

10p ordinary

SWAP

Increasing Short

907

4.5973 GBP

10p ordinary

SWAP

Increasing Short

2,809

4.5773 GBP

10p ordinary

SWAP

Increasing Short

3,959

4.5554 GBP

10p ordinary

SWAP

Increasing Short

4,585

4.5739 GBP

10p ordinary

SWAP

Increasing Short

4,898

4.5454 GBP

10p ordinary

SWAP

Increasing Short

7,065

4.5689 GBP

10p ordinary

SWAP

Increasing Short

13,152

4.5459 GBP

10p ordinary

SWAP

Increasing Short

23,362

4.5916 GBP

10p ordinary

SWAP

Increasing Short

28,255

4.5520 GBP

10p ordinary

SWAP

Increasing Short

41,004

4.5470 GBP

10p ordinary

SWAP

Opening Short

1,759

4.5652 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:

01 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213