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:

13 Jun 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:

11,940,886

1.23%

4,663,311

0.48%

(2) Cash-settled derivatives:

3,787,866

0.39%

10,616,719

1.09%

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

0

0.00%

0

0.00%

TOTAL: 

15,728,752

1.61%

15,280,030

1.57%

(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

813775

5.0694 GBP

4.9774 GBP

10p ordinary

Sale

1178299

5.0842 GBP

4.9750 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

Closing Short

401

4.9916 GBP

10p ordinary

CFD

Closing Short

1,154

5.0024 GBP

10p ordinary

CFD

Closing Short

3,335

5.0566 GBP

10p ordinary

CFD

Closing Short

5,354

5.0420 GBP

10p ordinary

SWAP

Closing Short

9,056

5.0020 GBP

10p ordinary

SWAP

Closing Short

10,967

5.0017 GBP

10p ordinary

SWAP

Decreasing Long

8,582

5.0223 GBP

10p ordinary

SWAP

Decreasing Long

14,830

5.0210 GBP

10p ordinary

SWAP

Decreasing Short

673

5.0303 GBP

10p ordinary

SWAP

Decreasing Short

982

5.0141 GBP

10p ordinary

SWAP

Decreasing Short

1,142

4.9932 GBP

10p ordinary

SWAP

Decreasing Short

2,110

5.0062 GBP

10p ordinary

SWAP

Decreasing Short

3,075

5.0168 GBP

10p ordinary

SWAP

Decreasing Short

3,938

4.9998 GBP

10p ordinary

SWAP

Decreasing Short

6,231

5.0283 GBP

10p ordinary

SWAP

Decreasing Short

7,101

5.0096 GBP

10p ordinary

SWAP

Decreasing Short

7,298

5.0200 GBP

10p ordinary

SWAP

Decreasing Short

7,738

4.9940 GBP

10p ordinary

SWAP

Decreasing Short

10,745

4.9907 GBP

10p ordinary

SWAP

Decreasing Short

15,509

5.0035 GBP

10p ordinary

SWAP

Decreasing Short

16,422

5.0019 GBP

10p ordinary

SWAP

Decreasing Short

17,468

5.0032 GBP

10p ordinary

SWAP

Decreasing Short

21,068

4.9978 GBP

10p ordinary

SWAP

Decreasing Short

26,904

5.0070 GBP

10p ordinary

SWAP

Decreasing Short

40,320

5.0016 GBP

10p ordinary

SWAP

Decreasing Short

43,056

5.0024 GBP

10p ordinary

SWAP

Decreasing Short

115,171

5.0020 GBP

10p ordinary

SWAP

Increasing Long

1,772

4.9907 GBP

10p ordinary

SWAP

Increasing Long

4,925

4.9909 GBP

10p ordinary

SWAP

Increasing Long

83,313

5.0020 GBP

10p ordinary

SWAP

Increasing Short

464

5.0360 GBP

10p ordinary

SWAP

Increasing Short

605

5.0700 GBP

10p ordinary

SWAP

Increasing Short

609

5.0480 GBP

10p ordinary

SWAP

Increasing Short

2,925

5.0315 GBP

10p ordinary

SWAP

Increasing Short

7,295

5.0359 GBP

10p ordinary

SWAP

Increasing Short

22,100

4.9979 GBP

10p ordinary

SWAP

Increasing Short

22,851

5.0018 GBP

10p ordinary

SWAP

Increasing Short

22,904

5.0227 GBP

10p ordinary

CFD

Opening Long

282

5.0842 GBP

10p ordinary

CFD

Opening Long

1,154

5.0695 GBP

10p ordinary

CFD

Opening Long

8,361

4.9966 GBP

10p ordinary

SWAP

Opening Long

20,619

5.0372 GBP

10p ordinary

SWAP

Opening Long

43,119

5.0315 GBP

10p ordinary

CFD

Opening Long

44,116

5.0015 GBP

10p ordinary

SWAP

Opening Short

8,673

5.0055 GBP

10p ordinary

SWAP

Opening Short

14,589

5.0265 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:

14 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213