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:

26 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:

13,979,679

1.43%

6,251,957

0.64%

(2) Cash-settled derivatives:

5,314,895

0.55%

12,536,663

1.29%

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

0

0.00%

0

0.00%

TOTAL: 

19,294,574

1.98%

18,788,620

1.93%

(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

542068

4.5790 GBP

4.5080 GBP

10p ordinary

Sale

393500

4.5820 GBP

4.5273 GBP

ADR

Purchase

1500

11.3300 USD

11.3300 USD

ADR

Sale

1500

11.3300 USD

11.3300 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

2

4.5559 GBP

10p ordinary

SWAP

Decreasing Long

4

4.5687 GBP

10p ordinary

SWAP

Decreasing Long

11

4.5617 GBP

10p ordinary

SWAP

Decreasing Long

21

4.5618 GBP

10p ordinary

SWAP

Decreasing Long

101

4.5632 GBP

10p ordinary

SWAP

Decreasing Long

399

4.5524 GBP

10p ordinary

SWAP

Decreasing Long

544

4.5554 GBP

10p ordinary

SWAP

Decreasing Long

809

4.5605 GBP

10p ordinary

SWAP

Decreasing Long

1,281

4.5374 GBP

10p ordinary

SWAP

Decreasing Long

1,907

4.5079 GBP

10p ordinary

SWAP

Decreasing Long

2,558

4.5668 GBP

10p ordinary

SWAP

Decreasing Long

3,790

4.5616 GBP

10p ordinary

SWAP

Decreasing Long

5,306

4.5682 GBP

10p ordinary

CFD

Decreasing Long

6,657

4.5460 GBP

10p ordinary

CFD

Decreasing Long

7,644

4.5320 GBP

10p ordinary

CFD

Decreasing Long

8,577

4.5489 GBP

10p ordinary

CFD

Decreasing Long

9,644

4.5464 GBP

10p ordinary

CFD

Decreasing Long

15,241

4.5493 GBP

10p ordinary

SWAP

Decreasing Long

19,851

4.5614 GBP

10p ordinary

CFD

Decreasing Long

21,649

4.5494 GBP

10p ordinary

SWAP

Decreasing Long

24,370

4.5490 GBP

10p ordinary

SWAP

Decreasing Long

57,570

4.5569 GBP

10p ordinary

SWAP

Decreasing Short

4

4.5759 GBP

10p ordinary

SWAP

Decreasing Short

52

4.5620 GBP

10p ordinary

SWAP

Decreasing Short

227

4.5420 GBP

10p ordinary

SWAP

Decreasing Short

254

4.5160 GBP

10p ordinary

SWAP

Decreasing Short

324

4.5669 GBP

10p ordinary

SWAP

Decreasing Short

443

4.5342 GBP

10p ordinary

SWAP

Decreasing Short

831

4.5486 GBP

10p ordinary

SWAP

Decreasing Short

884

4.5485 GBP

10p ordinary

SWAP

Decreasing Short

1,063

4.5454 GBP

10p ordinary

SWAP

Decreasing Short

2,586

4.5594 GBP

10p ordinary

SWAP

Decreasing Short

2,847

4.5595 GBP

10p ordinary

SWAP

Decreasing Short

3,381

4.5468 GBP

10p ordinary

SWAP

Decreasing Short

5,238

4.5441 GBP

10p ordinary

SWAP

Decreasing Short

10,223

4.5674 GBP

10p ordinary

SWAP

Decreasing Short

10,864

4.5627 GBP

10p ordinary

SWAP

Decreasing Short

11,822

4.5618 GBP

10p ordinary

SWAP

Decreasing Short

14,842

4.5634 GBP

10p ordinary

SWAP

Decreasing Short

16,010

4.5633 GBP

10p ordinary

SWAP

Decreasing Short

23,932

4.5613 GBP

10p ordinary

SWAP

Decreasing Short

24,406

4.5522 GBP

10p ordinary

SWAP

Decreasing Short

33,819

4.5581 GBP

10p ordinary

SWAP

Decreasing Short

48,884

4.5597 GBP

10p ordinary

CFD

Increasing Long

143

4.5320 GBP

10p ordinary

CFD

Increasing Long

1,500

4.5456 GBP

10p ordinary

CFD

Increasing Long

2,123

4.5673 GBP

10p ordinary

CFD

Increasing Long

6,624

4.5443 GBP

10p ordinary

CFD

Increasing Long

10,880

4.5662 GBP

10p ordinary

CFD

Increasing Long

19,098

4.5489 GBP

10p ordinary

SWAP

Increasing Short

31

4.5570 GBP

10p ordinary

SWAP

Increasing Short

415

4.5580 GBP

10p ordinary

SWAP

Increasing Short

681

4.5693 GBP

10p ordinary

SWAP

Increasing Short

1,139

4.5511 GBP

10p ordinary

SWAP

Increasing Short

4,595

4.5521 GBP

10p ordinary

SWAP

Increasing Short

5,308

4.5416 GBP

10p ordinary

SWAP

Increasing Short

6,930

4.5405 GBP

10p ordinary

SWAP

Increasing Short

7,069

4.5552 GBP

10p ordinary

SWAP

Increasing Short

7,693

4.5631 GBP

10p ordinary

SWAP

Increasing Short

14,968

4.5588 GBP

10p ordinary

SWAP

Increasing Short

152,866

4.5490 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:

29 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213