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:

09 May 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:

12,821,132

1.32%

5,475,112

0.56%

(2) Cash-settled derivatives:

4,660,799

0.48%

11,584,829

1.19%

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

0

0.00%

0

0.00%

TOTAL: 

17,481,931

1.79%

17,059,941

1.75%

(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

2018415

4.9510 GBP

4.8815 GBP

10p ordinary

Sale

3024726

4.9510 GBP

4.8807 GBP

ADR

Purchase

20526

12.2581 USD

12.2581 USD

ADR

Sale

20526

12.2581 USD

12.2581 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

38

4.9094 GBP

10p ordinary

SWAP

Decreasing Long

128

4.9040 GBP

10p ordinary

SWAP

Decreasing Long

175

4.9138 GBP

10p ordinary

SWAP

Decreasing Long

185

4.9128 GBP

10p ordinary

SWAP

Decreasing Long

240

4.8913 GBP

10p ordinary

SWAP

Decreasing Long

412

4.9233 GBP

10p ordinary

SWAP

Decreasing Long

412

4.9127 GBP

10p ordinary

SWAP

Decreasing Long

420

4.9137 GBP

10p ordinary

SWAP

Decreasing Long

425

4.9361 GBP

10p ordinary

CFD

Decreasing Long

752

4.9123 GBP

10p ordinary

SWAP

Decreasing Long

1,042

4.9173 GBP

10p ordinary

SWAP

Decreasing Long

1,057

4.9303 GBP

10p ordinary

SWAP

Decreasing Long

1,058

4.8975 GBP

10p ordinary

SWAP

Decreasing Long

1,179

4.9077 GBP

10p ordinary

SWAP

Decreasing Long

1,618

4.9251 GBP

10p ordinary

SWAP

Decreasing Long

1,698

4.9214 GBP

10p ordinary

SWAP

Decreasing Long

2,010

4.9396 GBP

10p ordinary

SWAP

Decreasing Long

2,385

4.9157 GBP

10p ordinary

SWAP

Decreasing Long

2,477

4.9179 GBP

10p ordinary

SWAP

Decreasing Long

2,590

4.9252 GBP

10p ordinary

SWAP

Decreasing Long

3,927

4.9155 GBP

10p ordinary

SWAP

Decreasing Long

4,762

4.9397 GBP

10p ordinary

CFD

Decreasing Long

5,174

4.9119 GBP

10p ordinary

SWAP

Decreasing Long

7,079

4.9343 GBP

10p ordinary

SWAP

Decreasing Long

10,335

4.9406 GBP

10p ordinary

CFD

Decreasing Long

10,996

4.9157 GBP

10p ordinary

SWAP

Decreasing Long

20,853

4.9201 GBP

10p ordinary

SWAP

Decreasing Long

52,126

4.9253 GBP

10p ordinary

SWAP

Decreasing Short

120

4.9241 GBP

10p ordinary

SWAP

Decreasing Short

310

4.8923 GBP

10p ordinary

SWAP

Decreasing Short

726

4.8807 GBP

10p ordinary

SWAP

Decreasing Short

981

4.8900 GBP

10p ordinary

SWAP

Decreasing Short

1,314

4.9080 GBP

10p ordinary

SWAP

Decreasing Short

2,320

4.9097 GBP

10p ordinary

SWAP

Decreasing Short

2,580

4.8859 GBP

10p ordinary

SWAP

Decreasing Short

2,653

4.8941 GBP

10p ordinary

SWAP

Decreasing Short

3,383

4.9149 GBP

10p ordinary

SWAP

Decreasing Short

7,271

4.9074 GBP

10p ordinary

SWAP

Decreasing Short

11,566

4.9093 GBP

10p ordinary

SWAP

Decreasing Short

38,889

4.9104 GBP

10p ordinary

SWAP

Decreasing Short

2,450,856

4.8960 GBP

10p ordinary

CFD

Increasing Long

32

4.9118 GBP

10p ordinary

CFD

Increasing Long

4,468

4.9233 GBP

10p ordinary

CFD

Increasing Long

5,534

4.9034 GBP

10p ordinary

CFD

Increasing Long

16,138

4.8884 GBP

10p ordinary

CFD

Increasing Long

16,810

4.9213 GBP

10p ordinary

SWAP

Increasing Short

322

4.9090 GBP

10p ordinary

SWAP

Increasing Short

1,417

4.9150 GBP

10p ordinary

SWAP

Increasing Short

3,204

4.9120 GBP

10p ordinary

SWAP

Increasing Short

3,232

4.8988 GBP

10p ordinary

SWAP

Increasing Short

8,331

4.9186 GBP

10p ordinary

SWAP

Increasing Short

9,352

4.9157 GBP

10p ordinary

SWAP

Increasing Short

12,222

4.9144 GBP

10p ordinary

SWAP

Increasing Short

12,758

4.9201 GBP

10p ordinary

SWAP

Increasing Short

13,485

4.9188 GBP

10p ordinary

SWAP

Increasing Short

16,007

4.9128 GBP

10p ordinary

SWAP

Increasing Short

22,768

4.9175 GBP

10p ordinary

SWAP

Increasing Short

24,071

4.9140 GBP

10p ordinary

SWAP

Increasing Short

32,179

4.9109 GBP

10p ordinary

SWAP

Increasing Short

35,247

4.9158 GBP

10p ordinary

SWAP

Increasing Short

47,752

4.9167 GBP

10p ordinary

SWAP

Increasing Short

49,861

4.9053 GBP

10p ordinary

SWAP

Increasing Short

59,135

4.9180 GBP

10p ordinary

SWAP

Increasing Short

81,499

4.9164 GBP

10p ordinary

SWAP

Increasing Short

118,647

4.9123 GBP

10p ordinary

SWAP

Increasing Short

130,416

4.9168 GBP

10p ordinary

SWAP

Increasing Short

152,259

4.9120 GBP

10p ordinary

SWAP

Increasing Short

268,082

4.9173 GBP

10p ordinary

SWAP

Increasing Short

295,675

4.8953 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:

10 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213