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:

14 Mar 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:

8,263,495

0.85%

8,058,709

0.83%

(2) Cash-settled derivatives:

7,128,478

0.73%

6,649,353

0.68%

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

0

0.00%

0

0.00%

TOTAL: 

15,391,973

1.58%

14,708,062

1.51%

(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

737032

4.8165 GBP

4.7410 GBP

10p ordinary

Sale

1131438

4.8160 GBP

4.7390 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

Decreasing Long

33

4.7630 GBP

10p ordinary

SWAP

Decreasing Long

69

4.8033 GBP

10p ordinary

SWAP

Decreasing Long

191

4.7689 GBP

10p ordinary

SWAP

Decreasing Long

258

4.8100 GBP

10p ordinary

SWAP

Decreasing Long

974

4.7848 GBP

10p ordinary

SWAP

Decreasing Long

1,032

4.7850 GBP

10p ordinary

SWAP

Decreasing Long

1,032

4.8000 GBP

10p ordinary

SWAP

Decreasing Long

1,032

4.8170 GBP

10p ordinary

SWAP

Decreasing Long

1,033

4.7760 GBP

10p ordinary

SWAP

Decreasing Long

1,033

4.8015 GBP

10p ordinary

SWAP

Decreasing Long

1,033

4.8020 GBP

10p ordinary

SWAP

Decreasing Long

1,180

4.7690 GBP

10p ordinary

SWAP

Decreasing Long

1,180

4.8205 GBP

10p ordinary

SWAP

Decreasing Long

1,180

4.8055 GBP

10p ordinary

SWAP

Decreasing Long

1,180

4.8050 GBP

10p ordinary

SWAP

Decreasing Long

1,180

4.8125 GBP

10p ordinary

SWAP

Decreasing Long

1,181

4.8065 GBP

10p ordinary

SWAP

Decreasing Long

1,181

4.7975 GBP

10p ordinary

SWAP

Decreasing Long

1,844

4.7954 GBP

10p ordinary

SWAP

Decreasing Long

2,079

4.7820 GBP

10p ordinary

SWAP

Decreasing Long

2,212

4.7835 GBP

10p ordinary

SWAP

Decreasing Long

2,215

4.8151 GBP

10p ordinary

SWAP

Decreasing Long

2,254

4.7705 GBP

10p ordinary

SWAP

Decreasing Long

2,439

4.7480 GBP

10p ordinary

SWAP

Decreasing Long

3,030

4.7819 GBP

10p ordinary

SWAP

Decreasing Long

3,193

4.7923 GBP

10p ordinary

SWAP

Decreasing Long

4,063

4.7987 GBP

10p ordinary

CFD

Decreasing Long

4,557

4.7713 GBP

10p ordinary

SWAP

Decreasing Long

4,745

4.7710 GBP

10p ordinary

CFD

Decreasing Long

4,911

4.7972 GBP

10p ordinary

SWAP

Decreasing Long

5,258

4.7699 GBP

10p ordinary

SWAP

Decreasing Long

7,477

4.7700 GBP

10p ordinary

SWAP

Decreasing Long

11,113

4.8045 GBP

10p ordinary

SWAP

Decreasing Long

23,772

4.7697 GBP

10p ordinary

SWAP

Decreasing Long

26,361

4.7800 GBP

10p ordinary

SWAP

Decreasing Short

403

4.7670 GBP

10p ordinary

SWAP

Decreasing Short

1,000

4.7708 GBP

10p ordinary

SWAP

Decreasing Short

3,112

4.8023 GBP

10p ordinary

SWAP

Decreasing Short

4,724

4.7912 GBP

10p ordinary

SWAP

Decreasing Short

22,760

4.7692 GBP

10p ordinary

SWAP

Decreasing Short

23,446

4.7871 GBP

10p ordinary

SWAP

Decreasing Short

62,516

4.7710 GBP

10p ordinary

SWAP

Decreasing Short

77,815

4.7785 GBP

10p ordinary

SWAP

Decreasing Short

291,381

4.7754 GBP

10p ordinary

CFD

Increasing Long

20

4.7410 GBP

10p ordinary

SWAP

Increasing Long

53

4.7739 GBP

10p ordinary

SWAP

Increasing Long

90

4.7657 GBP

10p ordinary

SWAP

Increasing Long

218

4.7704 GBP

10p ordinary

SWAP

Increasing Long

475

4.7680 GBP

10p ordinary

SWAP

Increasing Long

850

4.7719 GBP

10p ordinary

SWAP

Increasing Long

1,032

4.8170 GBP

10p ordinary

SWAP

Increasing Long

1,032

4.8000 GBP

10p ordinary

SWAP

Increasing Long

1,033

4.8015 GBP

10p ordinary

SWAP

Increasing Long

1,033

4.7760 GBP

10p ordinary

SWAP

Increasing Long

1,033

4.8020 GBP

10p ordinary

SWAP

Increasing Long

1,180

4.8050 GBP

10p ordinary

SWAP

Increasing Long

1,180

4.7690 GBP

10p ordinary

SWAP

Increasing Long

1,180

4.8205 GBP

10p ordinary

SWAP

Increasing Long

1,180

4.8125 GBP

10p ordinary

SWAP

Increasing Long

1,180

4.8055 GBP

10p ordinary

SWAP

Increasing Long

1,181

4.8065 GBP

10p ordinary

SWAP

Increasing Long

1,181

4.7975 GBP

10p ordinary

CFD

Increasing Long

1,241

4.8098 GBP

10p ordinary

CFD

Increasing Long

1,491

4.7700 GBP

10p ordinary

CFD

Increasing Long

1,774

4.7474 GBP

10p ordinary

SWAP

Increasing Long

1,847

4.7849 GBP

10p ordinary

CFD

Increasing Long

2,051

4.7466 GBP

10p ordinary

SWAP

Increasing Long

2,212

4.7835 GBP

10p ordinary

CFD

Increasing Long

2,821

4.7709 GBP

10p ordinary

CFD

Increasing Long

3,176

4.7930 GBP

10p ordinary

CFD

Increasing Long

3,178

4.7794 GBP

10p ordinary

CFD

Increasing Long

3,250

4.7692 GBP

10p ordinary

SWAP

Increasing Long

6,206

4.7756 GBP

10p ordinary

SWAP

Increasing Long

6,322

4.7674 GBP

10p ordinary

SWAP

Increasing Long

8,919

4.7981 GBP

10p ordinary

SWAP

Increasing Long

392,248

4.7850 GBP

10p ordinary

SWAP

Increasing Short

432

4.7875 GBP

10p ordinary

SWAP

Increasing Short

461

4.7682 GBP

10p ordinary

SWAP

Increasing Short

699

4.7980 GBP

10p ordinary

SWAP

Increasing Short

1,351

4.7825 GBP

10p ordinary

SWAP

Increasing Short

2,133

4.7689 GBP

10p ordinary

SWAP

Increasing Short

2,162

4.7938 GBP

10p ordinary

SWAP

Increasing Short

3,043

4.7826 GBP

10p ordinary

SWAP

Increasing Short

3,311

4.7709 GBP

10p ordinary

SWAP

Increasing Short

6,405

4.7710 GBP

10p ordinary

SWAP

Increasing Short

17,721

4.7997 GBP

10p ordinary

SWAP

Increasing Short

65,776

4.7715 GBP

10p ordinary

SWAP

Increasing Short

344,261

4.7710 GBP

10p ordinary

SWAP

Opening Long

264

4.7756 GBP

10p ordinary

SWAP

Opening Long

1,087

4.7981 GBP

10p ordinary

SWAP

Opening Short

2,560

4.7734 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:

15 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213