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 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:

12,493,686

1.28%

5,502,443

0.56%

(2) Cash-settled derivatives:

4,690,517

0.48%

11,144,158

1.14%

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

0

0.00%

0

0.00%

TOTAL: 

17,184,203

1.76%

16,646,601

1.71%

(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

698288

5.1020 GBP

4.9635 GBP

10p ordinary

Sale

1130763

5.1020 GBP

4.9640 GBP

ADR

Purchase

2020

12.8800 USD

12.8700 USD

ADR

Sale

2020

12.8800 USD

12.8700 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

Closing Short

1,571

5.0887 GBP

10p ordinary

SWAP

Closing Short

9,196

5.0860 GBP

10p ordinary

SWAP

Closing Short

9,583

5.0937 GBP

10p ordinary

SWAP

Closing Short

13,224

5.0881 GBP

10p ordinary

SWAP

Closing Short

17,281

5.0896 GBP

10p ordinary

SWAP

Closing Short

17,456

5.0742 GBP

10p ordinary

SWAP

Closing Short

20,320

5.0475 GBP

10p ordinary

SWAP

Closing Short

21,352

5.0800 GBP

10p ordinary

SWAP

Closing Short

24,282

5.0865 GBP

10p ordinary

SWAP

Closing Short

24,658

5.0902 GBP

10p ordinary

SWAP

Closing Short

26,731

5.0889 GBP

10p ordinary

SWAP

Closing Short

32,166

5.0871 GBP

10p ordinary

SWAP

Closing Short

69,949

5.0678 GBP

10p ordinary

SWAP

Closing Short

78,893

5.0835 GBP

10p ordinary

SWAP

Closing Short

144,189

4.9910 GBP

10p ordinary

CFD

Decreasing Long

381

5.0009 GBP

10p ordinary

CFD

Decreasing Long

1,182

4.9791 GBP

10p ordinary

SWAP

Decreasing Long

1,668

5.0760 GBP

10p ordinary

SWAP

Decreasing Long

3,094

5.0888 GBP

10p ordinary

CFD

Decreasing Long

3,370

5.0680 GBP

10p ordinary

SWAP

Decreasing Long

5,666

5.0880 GBP

10p ordinary

SWAP

Decreasing Long

6,057

5.0686 GBP

10p ordinary

CFD

Decreasing Long

6,624

5.0684 GBP

10p ordinary

SWAP

Decreasing Long

7,752

5.0644 GBP

10p ordinary

SWAP

Decreasing Long

10,635

5.0730 GBP

10p ordinary

SWAP

Decreasing Long

28,146

5.0680 GBP

10p ordinary

SWAP

Decreasing Long

35,730

5.0676 GBP

10p ordinary

SWAP

Decreasing Short

366

5.0365 GBP

10p ordinary

SWAP

Decreasing Short

470

4.9910 GBP

10p ordinary

SWAP

Decreasing Short

574

5.0080 GBP

10p ordinary

SWAP

Decreasing Short

574

5.0220 GBP

10p ordinary

SWAP

Decreasing Short

943

4.9962 GBP

10p ordinary

SWAP

Decreasing Short

2,281

5.0236 GBP

10p ordinary

SWAP

Decreasing Short

3,040

5.0403 GBP

10p ordinary

SWAP

Decreasing Short

3,571

5.0576 GBP

10p ordinary

SWAP

Decreasing Short

5,240

5.0479 GBP

10p ordinary

SWAP

Decreasing Short

6,118

5.0792 GBP

10p ordinary

SWAP

Decreasing Short

7,678

5.0844 GBP

10p ordinary

SWAP

Decreasing Short

11,637

5.0921 GBP

10p ordinary

SWAP

Decreasing Short

11,913

5.0819 GBP

10p ordinary

SWAP

Decreasing Short

14,179

5.0777 GBP

10p ordinary

SWAP

Decreasing Short

15,720

5.0842 GBP

10p ordinary

SWAP

Decreasing Short

19,784

5.0807 GBP

10p ordinary

SWAP

Decreasing Short

19,973

5.0648 GBP

10p ordinary

SWAP

Decreasing Short

20,160

5.0676 GBP

10p ordinary

SWAP

Decreasing Short

22,301

5.0799 GBP

10p ordinary

SWAP

Decreasing Short

27,434

5.0750 GBP

10p ordinary

SWAP

Decreasing Short

30,100

5.0719 GBP

10p ordinary

SWAP

Decreasing Short

48,977

5.0835 GBP

10p ordinary

SWAP

Decreasing Short

49,133

5.0679 GBP

10p ordinary

SWAP

Decreasing Short

69,808

5.0805 GBP

10p ordinary

CFD

Increasing Long

2,692

5.0552 GBP

10p ordinary

CFD

Increasing Long

3,751

5.0052 GBP

10p ordinary

CFD

Increasing Long

9,926

5.0774 GBP

10p ordinary

SWAP

Increasing Long

10,635

5.0730 GBP

10p ordinary

CFD

Increasing Long

10,907

5.0761 GBP

10p ordinary

SWAP

Increasing Short

78

5.0970 GBP

10p ordinary

SWAP

Increasing Short

159

4.9790 GBP

10p ordinary

SWAP

Increasing Short

389

5.0050 GBP

10p ordinary

SWAP

Increasing Short

3,752

5.0564 GBP

10p ordinary

SWAP

Increasing Short

14,994

5.0680 GBP

10p ordinary

SWAP

Increasing Short

23,191

4.9838 GBP

10p ordinary

SWAP

Increasing Short

23,701

5.0611 GBP

10p ordinary

SWAP

Increasing Short

49,675

5.0771 GBP

10p ordinary

SWAP

Increasing Short

109,455

5.0520 GBP

10p ordinary

SWAP

Opening Long

119

4.9823 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:

24 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213