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:

22 Jul 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:

10,769,389

1.11%

5,197,401

0.53%

(2) Cash-settled derivatives:

4,179,335

0.43%

9,368,501

0.96%

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

0

0.00%

0

0.00%

TOTAL: 

14,948,724

1.53%

14,565,902

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

1665213

4.9900 GBP

4.9571 GBP

10p ordinary

Sale

847759

5.0057 GBP

4.9590 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

Opening Long

20,169

4.9682 GBP

10p ordinary

SWAP

Decreasing Long

27,742

4.9620 GBP

10p ordinary

SWAP

Decreasing Long

4,025

4.9657 GBP

10p ordinary

SWAP

Decreasing Long

7,519

4.9677 GBP

10p ordinary

SWAP

Decreasing Long

4,686

4.9682 GBP

10p ordinary

SWAP

Decreasing Long

169

4.9699 GBP

10p ordinary

SWAP

Decreasing Long

246

4.9700 GBP

10p ordinary

SWAP

Decreasing Long

380

4.9728 GBP

10p ordinary

SWAP

Decreasing Long

279

4.9734 GBP

10p ordinary

SWAP

Decreasing Long

562,200

4.9870 GBP

10p ordinary

SWAP

Decreasing Short

100

4.9839 GBP

10p ordinary

CFD

Decreasing Short

17,799

4.9688 GBP

10p ordinary

CFD

Decreasing Short

3,877

4.9707 GBP

10p ordinary

CFD

Decreasing Short

14,238

4.9991 GBP

10p ordinary

CFD

Increasing Short

14,086

4.9619 GBP

10p ordinary

CFD

Increasing Short

1,756

4.9782 GBP

10p ordinary

CFD

Increasing Short

152

4.9842 GBP

10p ordinary

SWAP

Decreasing Short

3,386

4.9775 GBP

10p ordinary

SWAP

Decreasing Short

302

5.0018 GBP

10p ordinary

SWAP

Opening Long

209

4.9710 GBP

10p ordinary

SWAP

Opening Short

3,489

4.9622 GBP

10p ordinary

SWAP

Decreasing Short

12,600

4.9688 GBP

10p ordinary

SWAP

Increasing Long

10

4.9620 GBP

10p ordinary

SWAP

Decreasing Long

545

4.9571 GBP

10p ordinary

SWAP

Decreasing Long

96

4.9620 GBP

10p ordinary

SWAP

Decreasing Long

23,611

4.9624 GBP

10p ordinary

SWAP

Decreasing Long

318

4.9663 GBP

10p ordinary

SWAP

Decreasing Long

1,859

4.9665 GBP

10p ordinary

SWAP

Decreasing Long

2,953

4.9770 GBP

10p ordinary

SWAP

Decreasing Short

491

4.9768 GBP

10p ordinary

SWAP

Decreasing Short

215

4.9810 GBP

10p ordinary

SWAP

Decreasing Short

10,737

4.9873 GBP

10p ordinary

SWAP

Decreasing Short

196

4.9920 GBP

10p ordinary

SWAP

Increasing Short

80,442

4.9620 GBP

10p ordinary

SWAP

Increasing Short

43,774

4.9621 GBP

10p ordinary

SWAP

Increasing Short

2,669

4.9722 GBP

10p ordinary

SWAP

Increasing Short

22,582

4.9797 GBP

10p ordinary

SWAP

Decreasing Short

471

4.9640 GBP

10p ordinary

SWAP

Decreasing Short

1,756

4.9649 GBP

10p ordinary

SWAP

Decreasing Short

635

4.9659 GBP

10p ordinary

SWAP

Decreasing Short

867

4.9660 GBP

10p ordinary

SWAP

Decreasing Short

30

4.9662 GBP

10p ordinary

SWAP

Decreasing Short

507

4.9663 GBP

10p ordinary

SWAP

Decreasing Short

1

4.9669 GBP

10p ordinary

SWAP

Decreasing Short

2,929

4.9709 GBP

10p ordinary

SWAP

Increasing Short

81,802

4.9620 GBP

10p ordinary

SWAP

Increasing Short

10,689

4.9703 GBP

10p ordinary

SWAP

Increasing Short

47

4.9740 GBP

10p ordinary

SWAP

Increasing Short

358

4.9749 GBP

10p ordinary

SWAP

Increasing Short

1,314

4.9799 GBP

10p ordinary

SWAP

Increasing Short

293

4.9810 GBP

10p ordinary

SWAP

Increasing Short

1,459

4.9855 GBP

10p ordinary

SWAP

Increasing Short

189

5.0060 GBP

10p ordinary

SWAP

Decreasing Short

626

4.9786 GBP

10p ordinary

SWAP

Decreasing Short

20,160

4.9616 GBP

10p ordinary

SWAP

Decreasing Short

797

4.9620 GBP

10p ordinary

SWAP

Decreasing Short

8,620

4.9700 GBP

10p ordinary

SWAP

Increasing Short

40,291

4.9620 GBP

10p ordinary

SWAP

Increasing Short

970

4.9754 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:

23 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213