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:

25 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:

14,019,601

1.44%

6,398,898

0.66%

(2) Cash-settled derivatives:

5,462,463

0.56%

12,589,150

1.29%

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

0

0.00%

0

0.00%

TOTAL: 

19,482,064

2.00%

18,988,048

1.95%

(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

1577693

4.5490 GBP

4.4641 GBP

10p ordinary

Sale

944685

4.5534 GBP

4.4530 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

13

4.5317 GBP

10p ordinary

SWAP

Decreasing Long

15

4.5296 GBP

10p ordinary

SWAP

Decreasing Long

20

4.4656 GBP

10p ordinary

SWAP

Decreasing Long

52

4.4694 GBP

10p ordinary

SWAP

Decreasing Long

55

4.5059 GBP

10p ordinary

SWAP

Decreasing Long

66

4.4869 GBP

10p ordinary

SWAP

Decreasing Long

109

4.4860 GBP

10p ordinary

SWAP

Decreasing Long

172

4.4867 GBP

10p ordinary

SWAP

Decreasing Long

198

4.4878 GBP

10p ordinary

SWAP

Decreasing Long

222

4.4763 GBP

10p ordinary

SWAP

Decreasing Long

240

4.4955 GBP

10p ordinary

SWAP

Decreasing Long

250

4.4673 GBP

10p ordinary

SWAP

Decreasing Long

271

4.4930 GBP

10p ordinary

SWAP

Decreasing Long

292

4.4882 GBP

10p ordinary

SWAP

Decreasing Long

1,387

4.5328 GBP

10p ordinary

CFD

Decreasing Long

1,635

4.4699 GBP

10p ordinary

SWAP

Decreasing Long

1,847

4.4898 GBP

10p ordinary

SWAP

Decreasing Long

1,888

4.4800 GBP

10p ordinary

SWAP

Decreasing Long

2,307

4.4755 GBP

10p ordinary

CFD

Decreasing Long

2,391

4.4783 GBP

10p ordinary

SWAP

Decreasing Long

2,707

4.4844 GBP

10p ordinary

SWAP

Decreasing Long

4,148

4.5073 GBP

10p ordinary

SWAP

Decreasing Long

4,805

4.5034 GBP

10p ordinary

SWAP

Decreasing Long

5,109

4.4667 GBP

10p ordinary

SWAP

Decreasing Long

6,209

4.5084 GBP

10p ordinary

CFD

Decreasing Long

9,489

4.4879 GBP

10p ordinary

SWAP

Decreasing Long

10,820

4.5072 GBP

10p ordinary

SWAP

Decreasing Long

16,243

4.4845 GBP

10p ordinary

SWAP

Decreasing Long

18,408

4.5051 GBP

10p ordinary

CFD

Decreasing Long

19,405

4.4880 GBP

10p ordinary

SWAP

Decreasing Long

99,814

4.4880 GBP

10p ordinary

SWAP

Decreasing Long

128,853

4.5038 GBP

10p ordinary

SWAP

Decreasing Short

11

4.4529 GBP

10p ordinary

SWAP

Decreasing Short

24

4.4619 GBP

10p ordinary

SWAP

Decreasing Short

59

4.4581 GBP

10p ordinary

SWAP

Decreasing Short

1,068

4.5407 GBP

10p ordinary

SWAP

Decreasing Short

1,308

4.4830 GBP

10p ordinary

SWAP

Decreasing Short

1,411

4.5363 GBP

10p ordinary

SWAP

Decreasing Short

1,787

4.4719 GBP

10p ordinary

SWAP

Decreasing Short

2,092

4.5354 GBP

10p ordinary

SWAP

Decreasing Short

3,325

4.4879 GBP

10p ordinary

SWAP

Decreasing Short

25,137

4.5368 GBP

10p ordinary

SWAP

Decreasing Short

39,727

4.4875 GBP

10p ordinary

SWAP

Decreasing Short

78,348

4.5148 GBP

10p ordinary

CFD

Increasing Long

122

4.4812 GBP

10p ordinary

CFD

Increasing Long

887

4.4880 GBP

10p ordinary

CFD

Increasing Long

2,391

4.4876 GBP

10p ordinary

CFD

Increasing Long

9,688

4.4879 GBP

10p ordinary

CFD

Increasing Long

18,252

4.5196 GBP

10p ordinary

CFD

Increasing Long

19,954

4.5041 GBP

10p ordinary

SWAP

Increasing Short

478

4.5195 GBP

10p ordinary

SWAP

Increasing Short

936

4.4950 GBP

10p ordinary

SWAP

Increasing Short

1,294

4.5237 GBP

10p ordinary

SWAP

Increasing Short

2,708

4.5404 GBP

10p ordinary

SWAP

Increasing Short

3,015

4.4641 GBP

10p ordinary

SWAP

Increasing Short

4,263

4.5345 GBP

10p ordinary

SWAP

Increasing Short

4,692

4.5341 GBP

10p ordinary

SWAP

Increasing Short

5,868

4.5118 GBP

10p ordinary

SWAP

Increasing Short

6,523

4.4647 GBP

10p ordinary

SWAP

Increasing Short

9,682

4.5311 GBP

10p ordinary

SWAP

Increasing Short

10,549

4.5059 GBP

10p ordinary

SWAP

Increasing Short

11,547

4.5403 GBP

10p ordinary

SWAP

Increasing Short

22,005

4.4819 GBP

10p ordinary

SWAP

Increasing Short

25,913

4.4880 GBP

10p ordinary

SWAP

Increasing Short

29,675

4.4876 GBP

10p ordinary

SWAP

Increasing Short

50,000

4.4886 GBP

10p ordinary

SWAP

Increasing Short

50,584

4.4719 GBP

10p ordinary

SWAP

Increasing Short

78,223

4.5266 GBP

10p ordinary

SWAP

Increasing Short

88,607

4.4684 GBP

10p ordinary

SWAP

Increasing Short

89,870

4.4761 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:

26 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213