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:

24 Apr 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:

13,690,526

1.40%

6,702,734

0.69%

(2) Cash-settled derivatives:

5,750,609

0.59%

12,247,015

1.26%

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

0

0.00%

0

0.00%

TOTAL: 

19,441,135

1.99%

18,949,749

1.94%

(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

1441476

4.5830 GBP

4.4870 GBP

10p ordinary

Sale

746405

4.5830 GBP

4.4870 GBP

ADR

Purchase

746

11.2700 USD

11.2100 USD

ADR

Sale

746

11.2700 USD

11.2100 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

561

4.5307 GBP

10p ordinary

SWAP

Closing Short

10,000

4.5457 GBP

10p ordinary

SWAP

Closing Short

12,646

4.4922 GBP

10p ordinary

SWAP

Closing Short

20,442

4.4920 GBP

10p ordinary

SWAP

Decreasing Long

2

4.4874 GBP

10p ordinary

SWAP

Decreasing Long

9

4.5340 GBP

10p ordinary

SWAP

Decreasing Long

11

4.5394 GBP

10p ordinary

SWAP

Decreasing Long

11

4.5274 GBP

10p ordinary

CFD

Decreasing Long

34

4.5829 GBP

10p ordinary

SWAP

Decreasing Long

50

4.5363 GBP

10p ordinary

SWAP

Decreasing Long

53

4.5545 GBP

10p ordinary

SWAP

Decreasing Long

72

4.5436 GBP

10p ordinary

SWAP

Decreasing Long

90

4.5022 GBP

10p ordinary

SWAP

Decreasing Long

150

4.5193 GBP

10p ordinary

SWAP

Decreasing Long

206

4.5487 GBP

10p ordinary

SWAP

Decreasing Long

340

4.5430 GBP

10p ordinary

SWAP

Decreasing Long

380

4.5419 GBP

10p ordinary

SWAP

Decreasing Long

561

4.5078 GBP

10p ordinary

SWAP

Decreasing Long

573

4.5426 GBP

10p ordinary

CFD

Decreasing Long

800

4.5471 GBP

10p ordinary

SWAP

Decreasing Long

933

4.5435 GBP

10p ordinary

SWAP

Decreasing Long

997

4.5422 GBP

10p ordinary

SWAP

Decreasing Long

1,324

4.5476 GBP

10p ordinary

CFD

Decreasing Long

1,388

4.5525 GBP

10p ordinary

SWAP

Decreasing Long

7,902

4.5054 GBP

10p ordinary

CFD

Decreasing Long

12,569

4.4923 GBP

10p ordinary

CFD

Decreasing Long

20,477

4.4920 GBP

10p ordinary

CFD

Decreasing Long

29,904

4.5698 GBP

10p ordinary

SWAP

Decreasing Long

46,577

4.5144 GBP

10p ordinary

SWAP

Decreasing Long

90,378

4.4920 GBP

10p ordinary

SWAP

Decreasing Short

207

4.5490 GBP

10p ordinary

SWAP

Decreasing Short

282

4.5360 GBP

10p ordinary

SWAP

Decreasing Short

485

4.5338 GBP

10p ordinary

SWAP

Decreasing Short

507

4.4884 GBP

10p ordinary

SWAP

Decreasing Short

751

4.5425 GBP

10p ordinary

SWAP

Decreasing Short

1,029

4.5486 GBP

10p ordinary

SWAP

Decreasing Short

1,541

4.5459 GBP

10p ordinary

SWAP

Decreasing Short

4,733

4.5521 GBP

10p ordinary

SWAP

Decreasing Short

5,576

4.5460 GBP

10p ordinary

SWAP

Decreasing Short

7,353

4.5328 GBP

10p ordinary

SWAP

Decreasing Short

12,933

4.4915 GBP

10p ordinary

SWAP

Decreasing Short

18,059

4.4901 GBP

10p ordinary

SWAP

Decreasing Short

31,152

4.4959 GBP

10p ordinary

SWAP

Decreasing Short

36,930

4.5470 GBP

10p ordinary

CFD

Increasing Long

399

4.5542 GBP

10p ordinary

CFD

Increasing Long

754

4.4916 GBP

10p ordinary

CFD

Increasing Long

1,781

4.4920 GBP

10p ordinary

CFD

Increasing Long

38,851

4.5463 GBP

10p ordinary

SWAP

Increasing Short

550

4.5390 GBP

10p ordinary

CFD

Increasing Short

630

4.5156 GBP

10p ordinary

SWAP

Increasing Short

751

4.5360 GBP

10p ordinary

SWAP

Increasing Short

1,335

4.5293 GBP

10p ordinary

SWAP

Increasing Short

1,904

4.5329 GBP

10p ordinary

SWAP

Increasing Short

2,079

4.5013 GBP

10p ordinary

SWAP

Increasing Short

2,259

4.5367 GBP

10p ordinary

SWAP

Increasing Short

2,702

4.5163 GBP

10p ordinary

SWAP

Increasing Short

3,712

4.5283 GBP

10p ordinary

SWAP

Increasing Short

4,691

4.5229 GBP

10p ordinary

SWAP

Increasing Short

11,319

4.5210 GBP

10p ordinary

SWAP

Increasing Short

13,402

4.5024 GBP

10p ordinary

SWAP

Increasing Short

15,138

4.5151 GBP

10p ordinary

SWAP

Increasing Short

16,607

4.5419 GBP

10p ordinary

SWAP

Increasing Short

21,295

4.5295 GBP

10p ordinary

SWAP

Increasing Short

23,523

4.5082 GBP

10p ordinary

SWAP

Increasing Short

31,003

4.5208 GBP

10p ordinary

SWAP

Increasing Short

39,249

4.5413 GBP

10p ordinary

SWAP

Increasing Short

40,877

4.4987 GBP

10p ordinary

SWAP

Increasing Short

49,119

4.5131 GBP

10p ordinary

SWAP

Increasing Short

55,328

4.4926 GBP

10p ordinary

SWAP

Increasing Short

71,430

4.5048 GBP

10p ordinary

SWAP

Increasing Short

226,131

4.4920 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:

25 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213