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:

18 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:

7,782,579

0.80%

8,202,363

0.84%

(2) Cash-settled derivatives:

7,210,658

0.74%

6,304,050

0.65%

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

0

0.00%

0

0.00%

TOTAL: 

14,993,237

1.54%

14,506,413

1.49%

(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

275943

4.7878 GBP

4.7136 GBP

10p ordinary

Sale

299483

4.7788 GBP

4.7058 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

5

4.7710 GBP

10p ordinary

SWAP

Decreasing Long

41

4.7802 GBP

10p ordinary

SWAP

Decreasing Long

1,527

4.7747 GBP

10p ordinary

SWAP

Decreasing Long

1,893

4.7689 GBP

10p ordinary

CFD

Decreasing Long

2,385

4.7570 GBP

10p ordinary

CFD

Decreasing Long

2,647

4.7620 GBP

10p ordinary

CFD

Decreasing Long

3,027

4.7519 GBP

10p ordinary

SWAP

Decreasing Long

3,684

4.7686 GBP

10p ordinary

SWAP

Decreasing Long

3,789

4.7883 GBP

10p ordinary

CFD

Decreasing Long

4,424

4.7328 GBP

10p ordinary

SWAP

Decreasing Long

6,422

4.7850 GBP

10p ordinary

SWAP

Decreasing Long

6,446

4.7772 GBP

10p ordinary

SWAP

Decreasing Long

6,472

4.7663 GBP

10p ordinary

SWAP

Decreasing Long

15,489

4.7702 GBP

10p ordinary

SWAP

Decreasing Long

17,866

4.7893 GBP

10p ordinary

SWAP

Decreasing Short

104

4.7360 GBP

10p ordinary

SWAP

Decreasing Short

1,466

4.7753 GBP

10p ordinary

SWAP

Decreasing Short

3,319

4.7536 GBP

10p ordinary

SWAP

Decreasing Short

8,163

4.7620 GBP

10p ordinary

SWAP

Decreasing Short

16,642

4.7695 GBP

10p ordinary

SWAP

Decreasing Short

22,778

4.7709 GBP

10p ordinary

SWAP

Decreasing Short

24,355

4.7168 GBP

10p ordinary

SWAP

Decreasing Short

58,172

4.7788 GBP

10p ordinary

SWAP

Increasing Long

168

4.7434 GBP

10p ordinary

CFD

Increasing Long

576

4.7280 GBP

10p ordinary

SWAP

Increasing Long

767

4.7225 GBP

10p ordinary

SWAP

Increasing Long

1,364

4.7436 GBP

10p ordinary

SWAP

Increasing Long

2,636

4.7435 GBP

10p ordinary

CFD

Increasing Long

3,605

4.7490 GBP

10p ordinary

SWAP

Increasing Long

4,100

4.7302 GBP

10p ordinary

CFD

Increasing Long

5,358

4.7373 GBP

10p ordinary

CFD

Increasing Long

24,139

4.7354 GBP

10p ordinary

CFD

Increasing Long

59,495

4.7460 GBP

10p ordinary

SWAP

Increasing Short

411

4.7550 GBP

10p ordinary

SWAP

Increasing Short

593

4.7715 GBP

10p ordinary

SWAP

Increasing Short

1,642

4.7592 GBP

10p ordinary

SWAP

Increasing Short

1,835

4.7584 GBP

10p ordinary

SWAP

Increasing Short

2,064

4.7216 GBP

10p ordinary

SWAP

Increasing Short

2,468

4.7605 GBP

10p ordinary

SWAP

Increasing Short

2,500

4.7872 GBP

10p ordinary

SWAP

Increasing Short

10,411

4.7150 GBP

10p ordinary

SWAP

Increasing Short

12,891

4.7569 GBP

10p ordinary

SWAP

Increasing Short

17,372

4.7150 GBP

10p ordinary

SWAP

Increasing Short

20,545

4.7244 GBP

10p ordinary

SWAP

Increasing Short

47,220

4.7518 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:

19 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213