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:

28 Mar 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:

9,974,478

1.02%

5,483,466

0.56%

(2) Cash-settled derivatives:

4,603,498

0.47%

8,587,740

0.88%

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

0

0.00%

0

0.00%

TOTAL: 

14,577,976

1.50%

14,071,206

1.44%

(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

ADR

Purchase

126936

12.1100 USD

12.0249 USD

10p ordinary

Purchase

1201115

4.7910 GBP

4.7519 GBP

10p ordinary

Sale

574922

4.7930 GBP

4.7519 GBP

ADR

Sale

86936

12.1100 USD

12.0249 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

447

4.7766 GBP

10p ordinary

SWAP

Decreasing Long

1,785

4.7737 GBP

10p ordinary

SWAP

Decreasing Long

1,787

4.7831 GBP

10p ordinary

SWAP

Decreasing Long

1,787

4.7870 GBP

10p ordinary

SWAP

Decreasing Long

1,813

4.7838 GBP

10p ordinary

CFD

Decreasing Long

2,482

4.7636 GBP

10p ordinary

SWAP

Decreasing Long

5,050

4.7833 GBP

10p ordinary

CFD

Decreasing Long

6,156

4.7586 GBP

10p ordinary

CFD

Decreasing Long

6,927

4.7559 GBP

10p ordinary

SWAP

Decreasing Long

7,152

4.7783 GBP

10p ordinary

SWAP

Decreasing Long

8,762

4.7821 GBP

10p ordinary

CFD

Decreasing Long

17,308

4.7824 GBP

10p ordinary

SWAP

Decreasing Long

21,868

4.7758 GBP

10p ordinary

CFD

Decreasing Long

22,884

4.7878 GBP

10p ordinary

CFD

Decreasing Long

23,533

4.7563 GBP

10p ordinary

SWAP

Decreasing Long

31,175

4.7560 GBP

10p ordinary

CFD

Decreasing Long

35,196

4.7725 GBP

10p ordinary

CFD

Decreasing Long

40,543

4.7560 GBP

10p ordinary

CFD

Decreasing Long

45,663

4.7877 GBP

10p ordinary

SWAP

Decreasing Short

106

4.7858 GBP

10p ordinary

SWAP

Decreasing Short

175

4.7760 GBP

10p ordinary

SWAP

Decreasing Short

272

4.7709 GBP

10p ordinary

SWAP

Decreasing Short

382

4.7850 GBP

10p ordinary

SWAP

Decreasing Short

434

4.7840 GBP

10p ordinary

SWAP

Decreasing Short

504

4.7780 GBP

10p ordinary

SWAP

Decreasing Short

600

4.7858 GBP

10p ordinary

SWAP

Decreasing Short

695

4.7647 GBP

10p ordinary

SWAP

Decreasing Short

1,468

4.7653 GBP

10p ordinary

SWAP

Decreasing Short

2,052

4.7787 GBP

10p ordinary

SWAP

Decreasing Short

2,537

4.7751 GBP

10p ordinary

SWAP

Decreasing Short

2,921

4.7799 GBP

10p ordinary

SWAP

Decreasing Short

5,238

4.7898 GBP

10p ordinary

SWAP

Decreasing Short

46,934

4.7754 GBP

10p ordinary

SWAP

Increasing Long

10

4.7819 GBP

10p ordinary

CFD

Increasing Long

396

4.7560 GBP

10p ordinary

SWAP

Increasing Long

550

4.7855 GBP

10p ordinary

SWAP

Increasing Long

1,121

4.7828 GBP

10p ordinary

SWAP

Increasing Long

1,134

4.7858 GBP

10p ordinary

SWAP

Increasing Long

1,241

4.7829 GBP

10p ordinary

SWAP

Increasing Long

1,481

4.7812 GBP

10p ordinary

CFD

Increasing Long

1,611

4.7846 GBP

10p ordinary

SWAP

Increasing Long

1,760

4.7849 GBP

10p ordinary

SWAP

Increasing Long

1,856

4.7760 GBP

10p ordinary

CFD

Increasing Long

2,861

4.7719 GBP

10p ordinary

SWAP

Increasing Long

2,889

4.7709 GBP

10p ordinary

SWAP

Increasing Long

4,602

4.7840 GBP

10p ordinary

CFD

Increasing Long

9,301

4.7666 GBP

10p ordinary

CFD

Increasing Long

17,114

4.7559 GBP

10p ordinary

CFD

Increasing Long

17,309

4.7720 GBP

10p ordinary

SWAP

Increasing Long

21,772

4.7787 GBP

10p ordinary

CFD

Increasing Long

27,098

4.7829 GBP

10p ordinary

CFD

Increasing Long

37,277

4.7782 GBP

10p ordinary

CFD

Increasing Long

40,000

4.7853 GBP

10p ordinary

SWAP

Increasing Short

226

4.7810 GBP

10p ordinary

SWAP

Increasing Short

729

4.7812 GBP

10p ordinary

SWAP

Increasing Short

989

4.7803 GBP

10p ordinary

SWAP

Increasing Short

1,948

4.7717 GBP

10p ordinary

SWAP

Increasing Short

2,279

4.7752 GBP

10p ordinary

SWAP

Increasing Short

3,774

4.7750 GBP

10p ordinary

SWAP

Increasing Short

44,089

4.7561 GBP

10p ordinary

SWAP

Increasing Short

73,763

4.7772 GBP

10p ordinary

SWAP

Increasing Short

173,295

4.7732 GBP

10p ordinary

SWAP

Increasing Short

252,254

4.7560 GBP

10p ordinary

SWAP

Opening Long

46

4.7858 GBP

10p ordinary

SWAP

Opening Long

77

4.7760 GBP

10p ordinary

SWAP

Opening Long

118

4.7709 GBP

10p ordinary

SWAP

Opening Long

188

4.7840 GBP

10p ordinary

SWAP

Opening Long

892

4.7787 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:

02 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213