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:

11 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:

8,221,278

0.84%

7,777,990

0.80%

(2) Cash-settled derivatives:

6,878,621

0.71%

6,625,361

0.68%

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

0

0.00%

0

0.00%

TOTAL: 

15,099,899

1.55%

14,403,351

1.48%

(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

590093

4.8160 GBP

4.7370 GBP

10p ordinary

Sale

702465

4.8131 GBP

4.7371 GBP

ADR

Purchase

2000

12.2500 USD

12.2500 USD

ADR

Sale

2000

12.2500 USD

12.2500 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

107

4.7555 GBP

10p ordinary

SWAP

Decreasing Long

215

4.8133 GBP

10p ordinary

SWAP

Decreasing Long

217

4.8054 GBP

10p ordinary

SWAP

Decreasing Long

217

4.8084 GBP

10p ordinary

SWAP

Decreasing Long

665

4.8094 GBP

10p ordinary

SWAP

Decreasing Long

1,132

4.8070 GBP

10p ordinary

SWAP

Decreasing Long

1,174

4.7970 GBP

10p ordinary

CFD

Decreasing Long

1,489

4.7833 GBP

10p ordinary

SWAP

Decreasing Long

1,583

4.7956 GBP

10p ordinary

SWAP

Decreasing Long

2,887

4.8048 GBP

10p ordinary

SWAP

Decreasing Long

3,618

4.8051 GBP

10p ordinary

SWAP

Decreasing Long

3,757

4.8075 GBP

10p ordinary

SWAP

Decreasing Long

4,701

4.7830 GBP

10p ordinary

SWAP

Decreasing Long

5,686

4.7981 GBP

10p ordinary

SWAP

Decreasing Long

6,768

4.7986 GBP

10p ordinary

SWAP

Decreasing Long

7,452

4.7863 GBP

10p ordinary

SWAP

Decreasing Long

8,314

4.8035 GBP

10p ordinary

CFD

Decreasing Long

14,091

4.8048 GBP

10p ordinary

CFD

Decreasing Long

21,847

4.7799 GBP

10p ordinary

SWAP

Decreasing Long

33,100

4.7867 GBP

10p ordinary

SWAP

Decreasing Short

149

4.7848 GBP

10p ordinary

SWAP

Decreasing Short

282

4.7750 GBP

10p ordinary

SWAP

Decreasing Short

471

4.7440 GBP

10p ordinary

SWAP

Decreasing Short

512

4.7943 GBP

10p ordinary

SWAP

Decreasing Short

906

4.8040 GBP

10p ordinary

SWAP

Decreasing Short

1,200

4.8028 GBP

10p ordinary

SWAP

Decreasing Short

1,697

4.7878 GBP

10p ordinary

SWAP

Decreasing Short

22,680

4.7942 GBP

10p ordinary

SWAP

Decreasing Short

29,554

4.7834 GBP

10p ordinary

SWAP

Decreasing Short

44,219

4.7864 GBP

10p ordinary

SWAP

Decreasing Short

53,150

4.8007 GBP

10p ordinary

SWAP

Decreasing Short

58,383

4.7839 GBP

10p ordinary

SWAP

Decreasing Short

88,887

4.7867 GBP

10p ordinary

SWAP

Decreasing Short

147,538

4.7996 GBP

10p ordinary

SWAP

Increasing Long

62

4.7922 GBP

10p ordinary

SWAP

Increasing Long

479

4.8006 GBP

10p ordinary

CFD

Increasing Long

924

4.7829 GBP

10p ordinary

SWAP

Increasing Long

1,174

4.7970 GBP

10p ordinary

CFD

Increasing Long

1,209

4.7544 GBP

10p ordinary

CFD

Increasing Long

1,302

4.7870 GBP

10p ordinary

SWAP

Increasing Long

1,463

4.8078 GBP

10p ordinary

SWAP

Increasing Long

1,507

4.8043 GBP

10p ordinary

SWAP

Increasing Long

1,704

4.7994 GBP

10p ordinary

CFD

Increasing Long

2,012

4.7830 GBP

10p ordinary

SWAP

Increasing Long

2,037

4.7829 GBP

10p ordinary

CFD

Increasing Long

3,489

4.7779 GBP

10p ordinary

SWAP

Increasing Long

3,757

4.8075 GBP

10p ordinary

CFD

Increasing Long

6,716

4.8130 GBP

10p ordinary

CFD

Increasing Long

7,887

4.7948 GBP

10p ordinary

CFD

Increasing Long

8,067

4.7856 GBP

10p ordinary

SWAP

Increasing Short

364

4.7780 GBP

10p ordinary

SWAP

Increasing Short

689

4.7925 GBP

10p ordinary

SWAP

Increasing Short

1,492

4.7954 GBP

10p ordinary

SWAP

Increasing Short

1,899

4.7988 GBP

10p ordinary

SWAP

Increasing Short

3,296

4.8011 GBP

10p ordinary

SWAP

Increasing Short

5,089

4.7975 GBP

10p ordinary

SWAP

Increasing Short

5,359

4.8057 GBP

10p ordinary

SWAP

Increasing Short

11,665

4.7965 GBP

10p ordinary

SWAP

Increasing Short

28,261

4.8022 GBP

10p ordinary

SWAP

Increasing Short

28,860

4.7834 GBP

10p ordinary

SWAP

Increasing Short

28,860

4.7853 GBP

10p ordinary

SWAP

Increasing Short

65,498

4.8013 GBP

10p ordinary

SWAP

Increasing Short

103,778

4.7830 GBP

10p ordinary

SWAP

Opening Short

1

4.7700 GBP

10p ordinary

SWAP

Opening Short

6,697

4.7922 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:

12 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213