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:

07 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:

12,942,905

1.33%

5,637,686

0.58%

(2) Cash-settled derivatives:

4,791,163

0.49%

11,703,048

1.20%

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

0

0.00%

0

0.00%

TOTAL: 

17,734,068

1.82%

17,340,734

1.78%

(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

1324028

4.9290 GBP

4.8330 GBP

10p ordinary

Sale

1734989

4.9280 GBP

4.8355 GBP

ADR

Purchase

3500

12.2842 USD

12.2842 USD

ADR

Sale

3500

12.2842 USD

12.2842 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

Decreasing Long

63

4.8864 GBP

10p ordinary

SWAP

Decreasing Long

106

4.8720 GBP

10p ordinary

SWAP

Decreasing Long

164

4.9073 GBP

10p ordinary

SWAP

Decreasing Long

176

4.9149 GBP

10p ordinary

SWAP

Decreasing Long

200

4.8887 GBP

10p ordinary

SWAP

Decreasing Long

233

4.9111 GBP

10p ordinary

SWAP

Decreasing Long

308

4.8623 GBP

10p ordinary

SWAP

Decreasing Long

340

4.8770 GBP

10p ordinary

SWAP

Decreasing Long

587

4.9058 GBP

10p ordinary

SWAP

Decreasing Long

617

4.9068 GBP

10p ordinary

SWAP

Decreasing Long

630

4.9029 GBP

10p ordinary

SWAP

Decreasing Long

679

4.9148 GBP

10p ordinary

SWAP

Decreasing Long

1,286

4.9158 GBP

10p ordinary

SWAP

Decreasing Long

1,352

4.8905 GBP

10p ordinary

SWAP

Decreasing Long

1,367

4.8882 GBP

10p ordinary

CFD

Decreasing Long

1,739

4.9279 GBP

10p ordinary

SWAP

Decreasing Long

1,908

4.9113 GBP

10p ordinary

SWAP

Decreasing Long

2,191

4.9077 GBP

10p ordinary

SWAP

Decreasing Long

2,334

4.9036 GBP

10p ordinary

SWAP

Decreasing Long

2,544

4.9190 GBP

10p ordinary

SWAP

Decreasing Long

2,702

4.9026 GBP

10p ordinary

SWAP

Decreasing Long

2,940

4.9115 GBP

10p ordinary

SWAP

Decreasing Long

3,728

4.9039 GBP

10p ordinary

SWAP

Decreasing Long

4,132

4.9142 GBP

10p ordinary

SWAP

Decreasing Long

4,779

4.8945 GBP

10p ordinary

SWAP

Decreasing Long

4,790

4.8924 GBP

10p ordinary

SWAP

Decreasing Long

6,455

4.9115 GBP

10p ordinary

SWAP

Decreasing Long

7,300

4.9125 GBP

10p ordinary

SWAP

Decreasing Long

9,378

4.9098 GBP

10p ordinary

SWAP

Decreasing Long

9,907

4.8970 GBP

10p ordinary

SWAP

Decreasing Long

13,479

4.9002 GBP

10p ordinary

SWAP

Decreasing Long

13,881

4.9054 GBP

10p ordinary

SWAP

Decreasing Long

14,659

4.9125 GBP

10p ordinary

SWAP

Decreasing Long

15,496

4.9141 GBP

10p ordinary

SWAP

Decreasing Long

18,284

4.8957 GBP

10p ordinary

SWAP

Decreasing Long

27,784

4.8698 GBP

10p ordinary

SWAP

Decreasing Long

29,351

4.9155 GBP

10p ordinary

CFD

Decreasing Long

54,468

4.8845 GBP

10p ordinary

SWAP

Decreasing Long

60,389

4.8979 GBP

10p ordinary

SWAP

Decreasing Short

165

4.9099 GBP

10p ordinary

SWAP

Decreasing Short

395

4.9210 GBP

10p ordinary

SWAP

Decreasing Short

934

4.8659 GBP

10p ordinary

SWAP

Decreasing Short

1,267

4.8503 GBP

10p ordinary

SWAP

Decreasing Short

1,560

4.8680 GBP

10p ordinary

SWAP

Decreasing Short

1,564

4.8892 GBP

10p ordinary

SWAP

Decreasing Short

1,643

4.8464 GBP

10p ordinary

SWAP

Decreasing Short

1,811

4.8687 GBP

10p ordinary

SWAP

Decreasing Short

4,792

4.8490 GBP

10p ordinary

SWAP

Decreasing Short

6,818

4.8709 GBP

10p ordinary

SWAP

Decreasing Short

18,501

4.9087 GBP

10p ordinary

SWAP

Decreasing Short

42,841

4.9258 GBP

10p ordinary

SWAP

Decreasing Short

60,768

4.8940 GBP

10p ordinary

SWAP

Decreasing Short

66,387

4.8935 GBP

10p ordinary

SWAP

Decreasing Short

89,653

4.8960 GBP

10p ordinary

SWAP

Decreasing Short

121,575

4.9280 GBP

10p ordinary

SWAP

Decreasing Short

167,436

4.8999 GBP

10p ordinary

SWAP

Decreasing Short

242,117

4.9276 GBP

10p ordinary

CFD

Increasing Long

936

4.9080 GBP

10p ordinary

CFD

Increasing Long

1,652

4.9114 GBP

10p ordinary

CFD

Increasing Long

1,848

4.9109 GBP

10p ordinary

SWAP

Increasing Long

8,845

4.9115 GBP

10p ordinary

CFD

Increasing Long

13,947

4.9120 GBP

10p ordinary

CFD

Increasing Long

16,927

4.9276 GBP

10p ordinary

SWAP

Increasing Long

21,959

4.9125 GBP

10p ordinary

CFD

Increasing Long

22,567

4.9239 GBP

10p ordinary

CFD

Increasing Long

32,704

4.8595 GBP

10p ordinary

CFD

Increasing Long

42,308

4.8965 GBP

10p ordinary

SWAP

Increasing Long

76,158

4.9146 GBP

10p ordinary

SWAP

Increasing Short

70

4.9111 GBP

10p ordinary

SWAP

Increasing Short

410

4.9093 GBP

10p ordinary

SWAP

Increasing Short

506

4.9152 GBP

10p ordinary

SWAP

Increasing Short

1,244

4.8697 GBP

10p ordinary

SWAP

Increasing Short

1,546

4.9089 GBP

10p ordinary

SWAP

Increasing Short

2,129

4.9036 GBP

10p ordinary

SWAP

Increasing Short

3,306

4.9073 GBP

10p ordinary

SWAP

Increasing Short

3,660

4.9141 GBP

10p ordinary

SWAP

Increasing Short

9,671

4.8637 GBP

10p ordinary

SWAP

Increasing Short

13,585

4.9128 GBP

10p ordinary

SWAP

Increasing Short

14,351

4.9107 GBP

10p ordinary

SWAP

Increasing Short

15,143

4.9157 GBP

10p ordinary

SWAP

Increasing Short

15,500

4.9222 GBP

10p ordinary

SWAP

Increasing Short

31,470

4.9241 GBP

10p ordinary

SWAP

Increasing Short

241,080

4.9280 GBP

10p ordinary

SWAP

Opening Short

728

4.8754 GBP

10p ordinary

SWAP

Opening Short

1,096

4.9169 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:

08 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213