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:

29 Feb 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:

8,990,637

0.92%

5,296,828

0.54%

(2) Cash-settled derivatives:

4,490,002

0.46%

7,521,001

0.77%

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

0

0.00%

0

0.00%

TOTAL: 

13,480,639

1.38%

12,817,829

1.32%

(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

3350146

4.6970 GBP

4.6302 GBP

10p ordinary

Sale

1136013

4.6974 GBP

4.6307 GBP

ADR

Purchase

4000

11.8000 USD

11.7471 USD

ADR

Sale

4000

11.8000 USD

11.7471 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 Long

17,500

4.6625 GBP

10p ordinary

SWAP

Closing Short

162

4.6793 GBP

10p ordinary

CFD

Decreasing Long

225

4.6743 GBP

10p ordinary

CFD

Decreasing Long

856

4.6682 GBP

10p ordinary

SWAP

Decreasing Long

3,100

4.6597 GBP

10p ordinary

SWAP

Decreasing Long

4,209

4.6640 GBP

10p ordinary

CFD

Decreasing Long

4,677

4.6607 GBP

10p ordinary

CFD

Decreasing Long

6,591

4.6650 GBP

10p ordinary

CFD

Decreasing Long

9,173

4.6499 GBP

10p ordinary

CFD

Decreasing Long

32,932

4.6654 GBP

10p ordinary

SWAP

Decreasing Long

69,866

4.6624 GBP

10p ordinary

SWAP

Decreasing Short

12

4.6619 GBP

10p ordinary

SWAP

Decreasing Short

62

4.6545 GBP

10p ordinary

SWAP

Decreasing Short

69

4.6524 GBP

10p ordinary

SWAP

Decreasing Short

93

4.6500 GBP

10p ordinary

SWAP

Decreasing Short

175

4.6539 GBP

10p ordinary

SWAP

Decreasing Short

350

4.6812 GBP

10p ordinary

SWAP

Decreasing Short

979

4.6510 GBP

10p ordinary

SWAP

Decreasing Short

1,040

4.6621 GBP

10p ordinary

SWAP

Decreasing Short

1,441

4.6798 GBP

10p ordinary

SWAP

Decreasing Short

1,523

4.6550 GBP

10p ordinary

SWAP

Decreasing Short

3,585

4.6624 GBP

10p ordinary

SWAP

Decreasing Short

8,254

4.6722 GBP

10p ordinary

SWAP

Decreasing Short

22,039

4.6769 GBP

10p ordinary

SWAP

Decreasing Short

23,849

4.6562 GBP

10p ordinary

SWAP

Decreasing Short

25,477

4.6649 GBP

10p ordinary

SWAP

Decreasing Short

38,204

4.6672 GBP

10p ordinary

CFD

Increasing Long

356

4.6756 GBP

10p ordinary

CFD

Increasing Long

3,223

4.6594 GBP

10p ordinary

CFD

Increasing Long

3,725

4.6602 GBP

10p ordinary

CFD

Increasing Long

3,769

4.6650 GBP

10p ordinary

CFD

Increasing Long

5,802

4.6665 GBP

10p ordinary

CFD

Increasing Long

6,193

4.6649 GBP

10p ordinary

CFD

Increasing Long

230,571

4.6646 GBP

10p ordinary

SWAP

Increasing Long

258,212

4.6630 GBP

10p ordinary

SWAP

Increasing Short

109

4.6677 GBP

10p ordinary

SWAP

Increasing Short

333

4.6628 GBP

10p ordinary

SWAP

Increasing Short

461

4.6577 GBP

10p ordinary

SWAP

Increasing Short

1,010

4.6670 GBP

10p ordinary

SWAP

Increasing Short

1,142

4.6678 GBP

10p ordinary

SWAP

Increasing Short

1,192

4.6705 GBP

10p ordinary

SWAP

Increasing Short

1,752

4.6649 GBP

10p ordinary

SWAP

Increasing Short

1,984

4.6637 GBP

10p ordinary

SWAP

Increasing Short

2,663

4.6657 GBP

10p ordinary

SWAP

Increasing Short

2,746

4.6686 GBP

10p ordinary

SWAP

Increasing Short

3,183

4.6596 GBP

10p ordinary

SWAP

Increasing Short

3,383

4.6611 GBP

10p ordinary

SWAP

Increasing Short

3,569

4.6651 GBP

10p ordinary

SWAP

Increasing Short

4,710

4.6635 GBP

10p ordinary

SWAP

Increasing Short

11,120

4.6621 GBP

10p ordinary

SWAP

Increasing Short

29,646

4.6646 GBP

10p ordinary

SWAP

Increasing Short

38,971

4.6485 GBP

10p ordinary

SWAP

Increasing Short

48,528

4.6581 GBP

10p ordinary

SWAP

Increasing Short

70,001

4.6639 GBP

10p ordinary

SWAP

Increasing Short

312,394

4.6619 GBP

10p ordinary

SWAP

Increasing Short

2,218,506

4.6650 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:

01 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213