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:

10 May 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:

14,039,609

1.44%

5,431,921

0.56%

(2) Cash-settled derivatives:

4,631,441

0.48%

12,858,787

1.32%

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

0

0.00%

0

0.00%

TOTAL: 

18,671,050

1.92%

18,290,708

1.88%

(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

2545675

4.9850 GBP

4.9240 GBP

10p ordinary

Sale

1283547

4.9870 GBP

4.9240 GBP

ADR

Purchase

260

12.3600 USD

12.3600 USD

ADR

Sale

260

12.3600 USD

12.3600 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

4.9388 GBP

10p ordinary

SWAP

Decreasing Long

81

4.9534 GBP

10p ordinary

SWAP

Decreasing Long

197

4.9476 GBP

10p ordinary

SWAP

Decreasing Long

205

4.9691 GBP

10p ordinary

SWAP

Decreasing Long

401

4.9470 GBP

10p ordinary

SWAP

Decreasing Long

454

4.9471 GBP

10p ordinary

SWAP

Decreasing Long

460

4.9624 GBP

10p ordinary

SWAP

Decreasing Long

557

4.9629 GBP

10p ordinary

CFD

Decreasing Long

735

4.9374 GBP

10p ordinary

SWAP

Decreasing Long

1,307

4.9612 GBP

10p ordinary

SWAP

Decreasing Long

1,819

4.9555 GBP

10p ordinary

SWAP

Decreasing Long

2,466

4.9637 GBP

10p ordinary

SWAP

Decreasing Long

5,098

4.9606 GBP

10p ordinary

SWAP

Decreasing Long

7,061

4.9533 GBP

10p ordinary

CFD

Decreasing Long

10,847

4.9373 GBP

10p ordinary

CFD

Decreasing Long

11,664

4.9370 GBP

10p ordinary

SWAP

Decreasing Long

16,131

4.9370 GBP

10p ordinary

CFD

Decreasing Long

53,748

4.9563 GBP

10p ordinary

SWAP

Decreasing Short

19

4.9859 GBP

10p ordinary

SWAP

Decreasing Short

27

4.9669 GBP

10p ordinary

SWAP

Decreasing Short

518

4.9586 GBP

10p ordinary

SWAP

Decreasing Short

1,762

4.9570 GBP

10p ordinary

SWAP

Decreasing Short

1,848

4.9554 GBP

10p ordinary

SWAP

Decreasing Short

2,103

4.9520 GBP

10p ordinary

SWAP

Decreasing Short

3,044

4.9486 GBP

10p ordinary

SWAP

Decreasing Short

5,625

4.9513 GBP

10p ordinary

SWAP

Decreasing Short

11,549

4.9381 GBP

10p ordinary

SWAP

Decreasing Short

11,705

4.9571 GBP

10p ordinary

SWAP

Decreasing Short

13,170

4.9629 GBP

10p ordinary

CFD

Increasing Long

995

4.9560 GBP

10p ordinary

CFD

Increasing Long

1,851

4.9647 GBP

10p ordinary

CFD

Increasing Long

2,784

4.9643 GBP

10p ordinary

CFD

Increasing Long

9,473

4.9533 GBP

10p ordinary

CFD

Increasing Long

12,833

4.9719 GBP

10p ordinary

CFD

Increasing Long

24,397

4.9370 GBP

10p ordinary

CFD

Increasing Long

31,542

4.9369 GBP

10p ordinary

SWAP

Increasing Short

38

4.9716 GBP

10p ordinary

SWAP

Increasing Short

182

4.9550 GBP

10p ordinary

SWAP

Increasing Short

862

4.9656 GBP

10p ordinary

SWAP

Increasing Short

1,256

4.9665 GBP

10p ordinary

SWAP

Increasing Short

1,292

4.9666 GBP

10p ordinary

SWAP

Increasing Short

1,662

4.9570 GBP

10p ordinary

SWAP

Increasing Short

2,360

4.9626 GBP

10p ordinary

SWAP

Increasing Short

2,438

4.9568 GBP

10p ordinary

SWAP

Increasing Short

6,623

4.9639 GBP

10p ordinary

SWAP

Increasing Short

8,865

4.9627 GBP

10p ordinary

SWAP

Increasing Short

16,730

4.9339 GBP

10p ordinary

SWAP

Increasing Short

17,168

4.9577 GBP

10p ordinary

SWAP

Increasing Short

37,817

4.9680 GBP

10p ordinary

SWAP

Increasing Short

38,391

4.9618 GBP

10p ordinary

SWAP

Increasing Short

49,170

4.9372 GBP

10p ordinary

SWAP

Increasing Short

49,564

4.9620 GBP

10p ordinary

SWAP

Increasing Short

94,725

4.9582 GBP

10p ordinary

SWAP

Increasing Short

99,287

4.9673 GBP

10p ordinary

SWAP

Increasing Short

151,266

4.9481 GBP

10p ordinary

SWAP

Increasing Short

154,346

4.9623 GBP

10p ordinary

SWAP

Increasing Short

239,116

4.9636 GBP

10p ordinary

SWAP

Increasing Short

350,984

4.9370 GBP

10p ordinary

SWAP

Opening Short

67

4.9529 GBP

10p ordinary

SWAP

Opening Short

191

4.9729 GBP

10p ordinary

SWAP

Opening Short

1,310

4.9372 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:

13 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213