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 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:

5,596,155

0.57%

4,900,616

0.50%

(2) Cash-settled derivatives:

4,294,889

0.44%

4,371,821

0.45%

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

0

0.00%

0

0.00%

TOTAL:

9,891,044

1.01%

9,272,437

0.95%

(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

825683

4.8090 GBP

4.7460 GBP

10p ordinary

Sale

616858

4.8090 GBP

4.7500 GBP

ADR

Purchase

1500

12.0700 USD

12.0700 USD

ADR

Sale

1500

12.0700 USD

12.0700 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

4.8100 GBP

10p ordinary

SWAP

Decreasing Long

10

4.7920 GBP

10p ordinary

CFD

Decreasing Long

54

4.7990 GBP

10p ordinary

SWAP

Decreasing Long

184

4.7975 GBP

10p ordinary

SWAP

Decreasing Long

225

4.7951 GBP

10p ordinary

CFD

Decreasing Long

682

4.7803 GBP

10p ordinary

SWAP

Decreasing Long

1,072

4.7834 GBP

10p ordinary

SWAP

Decreasing Long

1,638

4.7913 GBP

10p ordinary

SWAP

Decreasing Long

2,441

4.7905 GBP

10p ordinary

CFD

Decreasing Long

3,176

4.7945 GBP

10p ordinary

SWAP

Decreasing Long

5,100

4.7794 GBP

10p ordinary

SWAP

Decreasing Long

5,897

4.7927 GBP

10p ordinary

SWAP

Decreasing Long

6,996

4.7917 GBP

10p ordinary

SWAP

Decreasing Long

10,920

4.7881 GBP

10p ordinary

SWAP

Decreasing Long

16,632

4.8145 GBP

10p ordinary

CFD

Decreasing Long

20,909

4.7691 GBP

10p ordinary

SWAP

Decreasing Long

30,729

4.7850 GBP

10p ordinary

CFD

Decreasing Long

42,359

4.7850 GBP

10p ordinary

SWAP

Decreasing Short

9

4.7910 GBP

10p ordinary

SWAP

Decreasing Short

32

4.7842 GBP

10p ordinary

SWAP

Decreasing Short

36

4.7794 GBP

10p ordinary

SWAP

Decreasing Short

366

4.7780 GBP

10p ordinary

SWAP

Decreasing Short

749

4.7839 GBP

10p ordinary

SWAP

Decreasing Short

1,245

4.7822 GBP

10p ordinary

SWAP

Decreasing Short

1,500

4.7954 GBP

10p ordinary

SWAP

Decreasing Short

4,977

4.7829 GBP

10p ordinary

SWAP

Decreasing Short

34,020

4.7839 GBP

10p ordinary

SWAP

Decreasing Short

63,557

4.7849 GBP

10p ordinary

SWAP

Decreasing Short

99,732

4.7855 GBP

10p ordinary

CFD

Increasing Long

792

4.7901 GBP

10p ordinary

CFD

Increasing Long

2,182

4.7859 GBP

10p ordinary

CFD

Increasing Long

8,655

4.7959 GBP

10p ordinary

CFD

Increasing Long

9,312

4.7526 GBP

10p ordinary

CFD

Increasing Long

18,527

4.7936 GBP

10p ordinary

CFD

Increasing Long

37,042

4.7876 GBP

10p ordinary

CFD

Increasing Long

54,442

4.7676 GBP

10p ordinary

SWAP

Increasing Short

238

4.7620 GBP

10p ordinary

SWAP

Increasing Short

264

4.7887 GBP

10p ordinary

SWAP

Increasing Short

352

4.7890 GBP

10p ordinary

SWAP

Increasing Short

359

4.7860 GBP

10p ordinary

SWAP

Increasing Short

520

4.7831 GBP

10p ordinary

SWAP

Increasing Short

727

4.7916 GBP

10p ordinary

SWAP

Increasing Short

834

4.7843 GBP

10p ordinary

SWAP

Increasing Short

1,586

4.7771 GBP

10p ordinary

SWAP

Increasing Short

3,539

4.7824 GBP

10p ordinary

SWAP

Increasing Short

4,627

4.7898 GBP

10p ordinary

SWAP

Increasing Short

7,505

4.7888 GBP

10p ordinary

SWAP

Increasing Short

9,710

4.7856 GBP

10p ordinary

SWAP

Increasing Short

12,146

4.7885 GBP

10p ordinary

SWAP

Increasing Short

15,644

4.7847 GBP

10p ordinary

SWAP

Increasing Short

16,469

4.7783 GBP

10p ordinary

SWAP

Increasing Short

18,378

4.7784 GBP

10p ordinary

SWAP

Increasing Short

20,875

4.7827 GBP

10p ordinary

SWAP

Increasing Short

22,456

4.7862 GBP

10p ordinary

SWAP

Increasing Short

32,028

4.7850 GBP

10p ordinary

SWAP

Increasing Short

72,954

4.7842 GBP

10p ordinary

SWAP

Increasing Short

73,830

4.7850 GBP

10p ordinary

SWAP

Increasing Short

102,350

4.7899 GBP

10p ordinary

SWAP

Opening Long

23,836

4.7816 GBP

10p ordinary

SWAP

Opening Short

14,547

4.7852 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:

26 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213