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:

23 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:

13,172,463

1.35%

6,879,775

0.71%

(2) Cash-settled derivatives:

5,924,615

0.61%

11,750,754

1.21%

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

0

0.00%

0

0.00%

TOTAL: 

19,097,078

1.96%

18,630,529

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

1957337

4.5710 GBP

4.5161 GBP

10p ordinary

Sale

1764044

4.5716 GBP

4.5177 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

Decreasing Long

25

4.5631 GBP

10p ordinary

SWAP

Decreasing Long

32

4.5561 GBP

10p ordinary

SWAP

Decreasing Long

93

4.5494 GBP

10p ordinary

SWAP

Decreasing Long

117

4.5425 GBP

10p ordinary

CFD

Decreasing Long

260

4.5673 GBP

10p ordinary

SWAP

Decreasing Long

300

4.5443 GBP

10p ordinary

SWAP

Decreasing Long

522

4.5710 GBP

10p ordinary

SWAP

Decreasing Long

1,107

4.5600 GBP

10p ordinary

CFD

Decreasing Long

3,575

4.5269 GBP

10p ordinary

CFD

Decreasing Long

11,318

4.5671 GBP

10p ordinary

CFD

Decreasing Long

12,699

4.5710 GBP

10p ordinary

SWAP

Decreasing Short

12

4.5619 GBP

10p ordinary

SWAP

Decreasing Short

159

4.5629 GBP

10p ordinary

SWAP

Decreasing Short

300

4.5513 GBP

10p ordinary

SWAP

Decreasing Short

598

4.5360 GBP

10p ordinary

SWAP

Decreasing Short

914

4.5178 GBP

10p ordinary

SWAP

Decreasing Short

1,441

4.5248 GBP

10p ordinary

SWAP

Decreasing Short

3,396

4.5545 GBP

10p ordinary

SWAP

Decreasing Short

9,245

4.5560 GBP

10p ordinary

SWAP

Decreasing Short

11,700

4.5710 GBP

10p ordinary

SWAP

Decreasing Short

19,982

4.5709 GBP

10p ordinary

SWAP

Decreasing Short

23,312

4.5343 GBP

10p ordinary

SWAP

Decreasing Short

89,548

4.5691 GBP

10p ordinary

SWAP

Decreasing Short

148,034

4.5378 GBP

10p ordinary

CFD

Increasing Long

4

4.5700 GBP

10p ordinary

CFD

Increasing Long

821

4.5709 GBP

10p ordinary

CFD

Increasing Long

3,597

4.5357 GBP

10p ordinary

CFD

Increasing Long

14,462

4.5488 GBP

10p ordinary

CFD

Increasing Long

19,596

4.5177 GBP

10p ordinary

CFD

Increasing Long

27,148

4.5706 GBP

10p ordinary

CFD

Increasing Long

30,178

4.5381 GBP

10p ordinary

SWAP

Increasing Short

69

4.5481 GBP

10p ordinary

SWAP

Increasing Short

396

4.5370 GBP

10p ordinary

SWAP

Increasing Short

940

4.5712 GBP

10p ordinary

SWAP

Increasing Short

2,073

4.5361 GBP

10p ordinary

SWAP

Increasing Short

2,166

4.5437 GBP

10p ordinary

SWAP

Increasing Short

2,248

4.5295 GBP

10p ordinary

SWAP

Increasing Short

2,359

4.5361 GBP

10p ordinary

SWAP

Increasing Short

5,551

4.5161 GBP

10p ordinary

SWAP

Increasing Short

7,438

4.5692 GBP

10p ordinary

SWAP

Increasing Short

9,783

4.5373 GBP

10p ordinary

SWAP

Increasing Short

10,180

4.5446 GBP

10p ordinary

SWAP

Increasing Short

11,442

4.5261 GBP

10p ordinary

SWAP

Increasing Short

12,622

4.5473 GBP

10p ordinary

SWAP

Increasing Short

14,657

4.5337 GBP

10p ordinary

SWAP

Increasing Short

17,712

4.5378 GBP

10p ordinary

SWAP

Increasing Short

20,129

4.5710 GBP

10p ordinary

SWAP

Increasing Short

20,613

4.5454 GBP

10p ordinary

SWAP

Increasing Short

22,016

4.5305 GBP

10p ordinary

SWAP

Increasing Short

24,954

4.5222 GBP

10p ordinary

SWAP

Increasing Short

27,555

4.5288 GBP

10p ordinary

SWAP

Increasing Short

29,977

4.5707 GBP

10p ordinary

SWAP

Increasing Short

43,402

4.5572 GBP

10p ordinary

SWAP

Increasing Short

44,216

4.5426 GBP

10p ordinary

SWAP

Increasing Short

51,793

4.5492 GBP

10p ordinary

SWAP

Increasing Short

57,923

4.5321 GBP

10p ordinary

SWAP

Increasing Short

124,000

4.5515 GBP

10p ordinary

SWAP

Opening Short

6,000

4.5705 GBP

10p ordinary

SWAP

Opening Short

16,000

4.5616 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:

24 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213