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:

12 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:

10,556,439

1.08%

6,245,830

0.64%

(2) Cash-settled derivatives:

5,273,259

0.54%

9,195,759

0.94%

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

0

0.00%

0

0.00%

TOTAL: 

15,829,698

1.62%

15,441,589

1.58%

(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

856697

5.0045 GBP

4.9280 GBP

10p ordinary

Sale

1216456

5.0092 GBP

4.9254 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

16,967

4.9679 GBP

10p ordinary

SWAP

Increasing Long

71

4.9254 GBP

10p ordinary

SWAP

Increasing Long

155

4.9403 GBP

10p ordinary

SWAP

Increasing Long

1,435

4.9461 GBP

10p ordinary

SWAP

Increasing Long

1,008

4.9471 GBP

10p ordinary

SWAP

Increasing Long

7,913

4.9474 GBP

10p ordinary

SWAP

Increasing Long

246

4.9476 GBP

10p ordinary

SWAP

Increasing Long

36

4.9497 GBP

10p ordinary

SWAP

Increasing Long

231

4.9562 GBP

10p ordinary

SWAP

Increasing Long

340

4.9604 GBP

10p ordinary

SWAP

Increasing Long

135

4.9656 GBP

10p ordinary

SWAP

Decreasing Long

322,008

5.0045 GBP

10p ordinary

CFD

Decreasing Short

37,743

4.9631 GBP

10p ordinary

CFD

Decreasing Short

913

5.0035 GBP

10p ordinary

CFD

Increasing Short

10

4.9470 GBP

10p ordinary

CFD

Increasing Short

6,678

4.9779 GBP

10p ordinary

CFD

Increasing Short

18,116

4.9780 GBP

10p ordinary

CFD

Increasing Short

913

4.9783 GBP

10p ordinary

CFD

Increasing Short

10,000

4.9784 GBP

10p ordinary

CFD

Increasing Short

12,949

4.9799 GBP

10p ordinary

CFD

Increasing Short

10,619

4.9807 GBP

10p ordinary

SWAP

Increasing Short

252

4.9723 GBP

10p ordinary

SWAP

Decreasing Short

19,375

4.9763 GBP

10p ordinary

SWAP

Decreasing Short

17,625

4.9776 GBP

10p ordinary

SWAP

Opening Long

27,144

4.9555 GBP

10p ordinary

SWAP

Increasing Long

1

4.9800 GBP

10p ordinary

SWAP

Opening Short

34,759

4.9663 GBP

10p ordinary

SWAP

Increasing Long

2,091

4.9474 GBP

10p ordinary

SWAP

Increasing Long

337

4.9656 GBP

10p ordinary

SWAP

Decreasing Long

13,224

4.9791 GBP

10p ordinary

SWAP

Decreasing Long

975

4.9896 GBP

10p ordinary

SWAP

Decreasing Short

31,715

4.9485 GBP

10p ordinary

SWAP

Decreasing Short

688,523

4.9510 GBP

10p ordinary

SWAP

Decreasing Short

60,363

4.9622 GBP

10p ordinary

SWAP

Decreasing Short

2,758

4.9629 GBP

10p ordinary

SWAP

Decreasing Short

18,734

4.9659 GBP

10p ordinary

SWAP

Decreasing Short

3,579

4.9673 GBP

10p ordinary

SWAP

Increasing Short

2,222

4.9528 GBP

10p ordinary

SWAP

Increasing Short

5,782

4.9646 GBP

10p ordinary

SWAP

Increasing Short

3,452

4.9732 GBP

10p ordinary

SWAP

Increasing Short

32,761

4.9780 GBP

10p ordinary

SWAP

Increasing Short

53,791

4.9781 GBP

10p ordinary

SWAP

Decreasing Short

1,245

4.9509 GBP

10p ordinary

SWAP

Decreasing Short

6,349

4.9779 GBP

10p ordinary

SWAP

Decreasing Short

3,789

4.9797 GBP

10p ordinary

SWAP

Decreasing Short

4,827

4.9812 GBP

10p ordinary

SWAP

Decreasing Short

813

4.9839 GBP

10p ordinary

SWAP

Decreasing Short

336

4.9899 GBP

10p ordinary

SWAP

Decreasing Short

1,061

4.9999 GBP

10p ordinary

SWAP

Decreasing Short

725

5.0003 GBP

10p ordinary

SWAP

Decreasing Short

683

5.0019 GBP

10p ordinary

SWAP

Increasing Short

5,067

4.9372 GBP

10p ordinary

SWAP

Increasing Short

6,248

4.9506 GBP

10p ordinary

SWAP

Increasing Short

6,702

4.9585 GBP

10p ordinary

SWAP

Increasing Short

45,290

4.9601 GBP

10p ordinary

SWAP

Increasing Short

2,875

4.9713 GBP

10p ordinary

SWAP

Increasing Short

10,016

4.9762 GBP

10p ordinary

SWAP

Increasing Short

11,943

4.9780 GBP

10p ordinary

SWAP

Increasing Short

4,818

4.9807 GBP

10p ordinary

SWAP

Increasing Short

4,981

4.9816 GBP

10p ordinary

SWAP

Increasing Short

921

4.9840 GBP

10p ordinary

SWAP

Decreasing Short

33,716

4.9631 GBP

10p ordinary

SWAP

Increasing Short

19,255

4.9780 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 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213