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 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:

8,320,349

0.85%

7,721,261

0.79%

(2) Cash-settled derivatives:

6,802,765

0.70%

6,686,195

0.69%

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

0

0.00%

0

0.00%

TOTAL: 

15,123,114

1.55%

14,407,456

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

1331250

4.7600 GBP

4.7292 GBP

ADR

Purchase

40000

12.0800 USD

12.0514 USD

ADR

Sale

40000

12.0800 USD

12.0514 USD

10p ordinary

Sale

1657612

4.7610 GBP

4.7240 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

97

4.7292 GBP

10p ordinary

SWAP

Decreasing Long

526

4.7448 GBP

10p ordinary

SWAP

Decreasing Long

601

4.7474 GBP

10p ordinary

SWAP

Decreasing Long

846

4.7419 GBP

10p ordinary

SWAP

Decreasing Long

1,150

4.7620 GBP

10p ordinary

SWAP

Decreasing Long

1,150

4.7310 GBP

10p ordinary

SWAP

Decreasing Long

1,150

4.7420 GBP

10p ordinary

SWAP

Decreasing Long

1,150

4.7385 GBP

10p ordinary

SWAP

Decreasing Long

1,150

4.7390 GBP

10p ordinary

SWAP

Decreasing Long

1,222

4.7635 GBP

10p ordinary

SWAP

Decreasing Long

1,222

4.7498 GBP

10p ordinary

SWAP

Decreasing Long

1,274

4.7430 GBP

10p ordinary

SWAP

Decreasing Long

1,274

4.7335 GBP

10p ordinary

SWAP

Decreasing Long

1,274

4.7355 GBP

10p ordinary

SWAP

Decreasing Long

1,275

4.7380 GBP

10p ordinary

SWAP

Decreasing Long

1,636

4.7510 GBP

10p ordinary

SWAP

Decreasing Long

1,700

4.7350 GBP

10p ordinary

SWAP

Decreasing Long

2,389

4.7550 GBP

10p ordinary

SWAP

Decreasing Long

2,417

4.7468 GBP

10p ordinary

SWAP

Decreasing Long

2,582

4.7489 GBP

10p ordinary

SWAP

Decreasing Long

2,713

4.7320 GBP

10p ordinary

SWAP

Decreasing Long

2,888

4.7424 GBP

10p ordinary

SWAP

Decreasing Long

3,414

4.7445 GBP

10p ordinary

SWAP

Decreasing Long

4,816

4.7399 GBP

10p ordinary

SWAP

Decreasing Long

5,574

4.7406 GBP

10p ordinary

CFD

Decreasing Long

6,117

4.7370 GBP

10p ordinary

CFD

Decreasing Long

9,341

4.7373 GBP

10p ordinary

SWAP

Decreasing Long

18,104

4.7370 GBP

10p ordinary

SWAP

Decreasing Long

18,255

4.7411 GBP

10p ordinary

CFD

Decreasing Long

22,954

4.7411 GBP

10p ordinary

CFD

Decreasing Long

40,000

4.7342 GBP

10p ordinary

SWAP

Decreasing Short

530

4.7441 GBP

10p ordinary

SWAP

Decreasing Short

600

4.7350 GBP

10p ordinary

SWAP

Decreasing Short

1,153

4.7440 GBP

10p ordinary

SWAP

Decreasing Short

1,684

4.7398 GBP

10p ordinary

SWAP

Decreasing Short

1,899

4.7370 GBP

10p ordinary

SWAP

Decreasing Short

8,508

4.7377 GBP

10p ordinary

SWAP

Decreasing Short

8,749

4.7370 GBP

10p ordinary

SWAP

Decreasing Short

33,842

4.7396 GBP

10p ordinary

SWAP

Decreasing Short

106,458

4.7371 GBP

10p ordinary

SWAP

Decreasing Short

155,688

4.7432 GBP

10p ordinary

CFD

Increasing Long

141

4.7370 GBP

10p ordinary

SWAP

Increasing Long

1,150

4.7385 GBP

10p ordinary

SWAP

Increasing Long

1,150

4.7420 GBP

10p ordinary

SWAP

Increasing Long

1,150

4.7390 GBP

10p ordinary

SWAP

Increasing Long

1,150

4.7310 GBP

10p ordinary

SWAP

Increasing Long

1,150

4.7620 GBP

10p ordinary

SWAP

Increasing Long

1,222

4.7635 GBP

10p ordinary

SWAP

Increasing Long

1,274

4.7355 GBP

10p ordinary

SWAP

Increasing Long

1,274

4.7430 GBP

10p ordinary

SWAP

Increasing Long

1,274

4.7335 GBP

10p ordinary

SWAP

Increasing Long

1,275

4.7445 GBP

10p ordinary

SWAP

Increasing Long

1,275

4.7380 GBP

10p ordinary

CFD

Increasing Long

1,482

4.7529 GBP

10p ordinary

SWAP

Increasing Long

1,700

4.7350 GBP

10p ordinary

SWAP

Increasing Long

2,265

4.7378 GBP

10p ordinary

SWAP

Increasing Long

2,389

4.7550 GBP

10p ordinary

SWAP

Increasing Long

2,547

4.7398 GBP

10p ordinary

SWAP

Increasing Long

2,713

4.7320 GBP

10p ordinary

CFD

Increasing Long

6,039

4.7391 GBP

10p ordinary

SWAP

Increasing Long

10,768

4.7366 GBP

10p ordinary

SWAP

Increasing Long

13,726

4.7400 GBP

10p ordinary

CFD

Increasing Long

28,930

4.7369 GBP

10p ordinary

SWAP

Increasing Long

49,918

4.7369 GBP

10p ordinary

SWAP

Increasing Short

514

4.7449 GBP

10p ordinary

SWAP

Increasing Short

709

4.7444 GBP

10p ordinary

SWAP

Increasing Short

903

4.7379 GBP

10p ordinary

SWAP

Increasing Short

1,416

4.7400 GBP

10p ordinary

SWAP

Increasing Short

1,571

4.7409 GBP

10p ordinary

SWAP

Increasing Short

1,794

4.7459 GBP

10p ordinary

SWAP

Increasing Short

2,171

4.7478 GBP

10p ordinary

SWAP

Increasing Short

6,902

4.7433 GBP

10p ordinary

SWAP

Increasing Short

7,720

4.7360 GBP

10p ordinary

SWAP

Increasing Short

12,574

4.7395 GBP

10p ordinary

SWAP

Increasing Short

16,665

4.7383 GBP

10p ordinary

SWAP

Opening Long

28,936

4.7380 GBP

ADR

CFD

Opening Long

40,000

12.0700 USD

ADR

CFD

Closing Long

40,000

12.0800 USD

(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 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213