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:

03 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:

13,457,931

1.38%

5,741,156

0.59%

(2) Cash-settled derivatives:

4,874,038

0.50%

12,177,780

1.25%

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

0

0.00%

0

0.00%

TOTAL: 

18,331,969

1.88%

17,918,936

1.84%

(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

1480482

4.8090 GBP

4.6433 GBP

10p ordinary

Sale

1478616

4.8080 GBP

4.6334 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

Closing Long

126

4.7870 GBP

10p ordinary

SWAP

Closing Short

3,794

4.7870 GBP

10p ordinary

SWAP

Decreasing Long

28

4.6643 GBP

10p ordinary

SWAP

Decreasing Long

30

4.6720 GBP

10p ordinary

SWAP

Decreasing Long

73

4.6722 GBP

10p ordinary

SWAP

Decreasing Long

182

4.7854 GBP

10p ordinary

SWAP

Decreasing Long

328

4.7045 GBP

10p ordinary

SWAP

Decreasing Long

570

4.7430 GBP

10p ordinary

SWAP

Decreasing Long

586

4.7281 GBP

10p ordinary

SWAP

Decreasing Long

768

4.7695 GBP

10p ordinary

SWAP

Decreasing Long

916

4.7891 GBP

10p ordinary

CFD

Decreasing Long

963

4.6731 GBP

10p ordinary

SWAP

Decreasing Long

984

4.7022 GBP

10p ordinary

SWAP

Decreasing Long

1,161

4.7848 GBP

10p ordinary

SWAP

Decreasing Long

1,488

4.7852 GBP

10p ordinary

SWAP

Decreasing Long

2,221

4.7888 GBP

10p ordinary

SWAP

Decreasing Long

2,510

4.7069 GBP

10p ordinary

SWAP

Decreasing Long

2,778

4.7368 GBP

10p ordinary

SWAP

Decreasing Long

3,218

4.7500 GBP

10p ordinary

SWAP

Decreasing Long

3,851

4.7482 GBP

10p ordinary

SWAP

Decreasing Long

3,855

4.7024 GBP

10p ordinary

SWAP

Decreasing Long

4,128

4.7821 GBP

10p ordinary

CFD

Decreasing Long

7,105

4.7873 GBP

10p ordinary

SWAP

Decreasing Long

11,551

4.7088 GBP

10p ordinary

SWAP

Decreasing Long

21,877

4.7906 GBP

10p ordinary

CFD

Decreasing Long

29,772

4.7869 GBP

10p ordinary

CFD

Decreasing Long

65,768

4.6552 GBP

10p ordinary

SWAP

Decreasing Long

132,020

4.7978 GBP

10p ordinary

SWAP

Decreasing Long

158,820

4.7870 GBP

10p ordinary

SWAP

Decreasing Long

206,630

4.7755 GBP

10p ordinary

SWAP

Decreasing Short

105

4.6450 GBP

10p ordinary

SWAP

Decreasing Short

182

4.6460 GBP

10p ordinary

SWAP

Decreasing Short

396

4.6689 GBP

10p ordinary

SWAP

Decreasing Short

750

4.6240 GBP

10p ordinary

SWAP

Decreasing Short

903

4.7224 GBP

10p ordinary

SWAP

Decreasing Short

973

4.6500 GBP

10p ordinary

SWAP

Decreasing Short

1,037

4.6971 GBP

10p ordinary

SWAP

Decreasing Short

3,380

4.6973 GBP

10p ordinary

SWAP

Decreasing Short

3,389

4.7199 GBP

10p ordinary

SWAP

Decreasing Short

5,429

4.7881 GBP

10p ordinary

SWAP

Decreasing Short

6,003

4.6992 GBP

10p ordinary

SWAP

Decreasing Short

7,066

4.6717 GBP

10p ordinary

SWAP

Decreasing Short

8,529

4.7817 GBP

10p ordinary

SWAP

Decreasing Short

9,236

4.7867 GBP

10p ordinary

SWAP

Decreasing Short

9,361

4.7797 GBP

10p ordinary

SWAP

Decreasing Short

10,363

4.7313 GBP

10p ordinary

SWAP

Decreasing Short

10,789

4.7740 GBP

10p ordinary

SWAP

Decreasing Short

12,880

4.6850 GBP

10p ordinary

SWAP

Decreasing Short

13,419

4.7838 GBP

10p ordinary

SWAP

Decreasing Short

13,860

4.7841 GBP

10p ordinary

SWAP

Decreasing Short

15,474

4.7878 GBP

10p ordinary

SWAP

Decreasing Short

16,753

4.7824 GBP

10p ordinary

SWAP

Decreasing Short

17,681

4.6692 GBP

10p ordinary

SWAP

Decreasing Short

19,382

4.6701 GBP

10p ordinary

SWAP

Decreasing Short

22,143

4.7544 GBP

10p ordinary

SWAP

Decreasing Short

23,264

4.7682 GBP

10p ordinary

SWAP

Decreasing Short

26,536

4.7869 GBP

10p ordinary

SWAP

Decreasing Short

26,616

4.7828 GBP

10p ordinary

SWAP

Decreasing Short

27,646

4.6756 GBP

10p ordinary

SWAP

Decreasing Short

62,674

4.7472 GBP

10p ordinary

SWAP

Decreasing Short

72,766

4.7874 GBP

10p ordinary

SWAP

Decreasing Short

87,590

4.7576 GBP

10p ordinary

CFD

Increasing Long

6,385

4.7938 GBP

10p ordinary

CFD

Increasing Long

15,745

4.7547 GBP

10p ordinary

CFD

Increasing Long

18,926

4.7866 GBP

10p ordinary

CFD

Increasing Long

32,266

4.7867 GBP

10p ordinary

CFD

Increasing Long

60,869

4.7778 GBP

10p ordinary

SWAP

Increasing Long

206,630

4.7755 GBP

10p ordinary

SWAP

Increasing Short

212

4.7670 GBP

10p ordinary

SWAP

Increasing Short

292

4.7830 GBP

10p ordinary

SWAP

Increasing Short

404

4.7680 GBP

10p ordinary

SWAP

Increasing Short

617

4.7530 GBP

10p ordinary

SWAP

Increasing Short

661

4.7820 GBP

10p ordinary

SWAP

Increasing Short

892

4.7332 GBP

10p ordinary

SWAP

Increasing Short

1,153

4.8040 GBP

10p ordinary

SWAP

Increasing Short

1,651

4.7620 GBP

10p ordinary

SWAP

Increasing Short

2,486

4.7672 GBP

10p ordinary

SWAP

Increasing Short

2,888

4.6850 GBP

10p ordinary

SWAP

Increasing Short

2,942

4.6433 GBP

10p ordinary

SWAP

Increasing Short

3,145

4.7590 GBP

10p ordinary

SWAP

Increasing Short

3,536

4.6693 GBP

10p ordinary

SWAP

Increasing Short

3,911

4.7829 GBP

10p ordinary

SWAP

Increasing Short

6,029

4.7394 GBP

10p ordinary

SWAP

Increasing Short

7,379

4.7115 GBP

10p ordinary

SWAP

Increasing Short

9,222

4.6943 GBP

10p ordinary

SWAP

Increasing Short

50,000

4.6782 GBP

10p ordinary

SWAP

Increasing Short

54,115

4.7280 GBP

10p ordinary

SWAP

Increasing Short

78,325

4.7870 GBP

10p ordinary

SWAP

Increasing Short

81,791

4.7870 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:

07 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213