Form 8.5 (EPT/NON-RI) - Redrow 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:

19 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:

8,005,122

0.82%

8,049,999

0.83%

(2) Cash-settled derivatives:

7,084,283

0.73%

6,366,296

0.65%

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

0

0.00%

0

0.00%

TOTAL: 

15,089,405

1.55%

14,416,295

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

2638225

4.6910 GBP

4.6230 GBP

10p ordinary

Sale

2233061

4.7110 GBP

4.6230 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

25

4.6792 GBP

10p ordinary

SWAP

Decreasing Long

44

4.6435 GBP

10p ordinary

SWAP

Decreasing Long

61

4.6843 GBP

10p ordinary

SWAP

Decreasing Long

151

4.6861 GBP

10p ordinary

SWAP

Decreasing Long

201

4.6764 GBP

10p ordinary

SWAP

Decreasing Long

267

4.6377 GBP

10p ordinary

SWAP

Decreasing Long

277

4.6406 GBP

10p ordinary

SWAP

Decreasing Long

283

4.6583 GBP

10p ordinary

SWAP

Decreasing Long

556

4.6793 GBP

10p ordinary

CFD

Decreasing Long

928

4.6493 GBP

10p ordinary

SWAP

Decreasing Long

2,630

4.6552 GBP

10p ordinary

CFD

Decreasing Long

2,662

4.6730 GBP

10p ordinary

SWAP

Decreasing Long

2,870

4.6600 GBP

10p ordinary

SWAP

Decreasing Long

9,073

4.6417 GBP

10p ordinary

SWAP

Decreasing Long

12,115

4.6468 GBP

10p ordinary

SWAP

Decreasing Long

13,314

4.6551 GBP

10p ordinary

SWAP

Decreasing Long

19,556

4.6597 GBP

10p ordinary

SWAP

Decreasing Long

20,606

4.6599 GBP

10p ordinary

SWAP

Decreasing Long

27,209

4.6540 GBP

10p ordinary

CFD

Decreasing Long

32,229

4.6489 GBP

10p ordinary

SWAP

Decreasing Long

37,946

4.6490 GBP

10p ordinary

SWAP

Decreasing Long

48,452

4.6480 GBP

10p ordinary

SWAP

Decreasing Short

191

4.6730 GBP

10p ordinary

SWAP

Decreasing Short

961

4.6513 GBP

10p ordinary

SWAP

Decreasing Short

1,211

4.6422 GBP

10p ordinary

SWAP

Decreasing Short

2,342

4.6587 GBP

10p ordinary

SWAP

Decreasing Short

14,218

4.6492 GBP

10p ordinary

SWAP

Decreasing Short

16,571

4.6614 GBP

10p ordinary

SWAP

Decreasing Short

23,012

4.6587 GBP

10p ordinary

SWAP

Decreasing Short

28,204

4.6435 GBP

10p ordinary

SWAP

Decreasing Short

42,396

4.6461 GBP

10p ordinary

SWAP

Increasing Long

278

4.6721 GBP

10p ordinary

SWAP

Increasing Long

310

4.6836 GBP

10p ordinary

CFD

Increasing Long

610

4.6507 GBP

10p ordinary

CFD

Increasing Long

928

4.6906 GBP

10p ordinary

CFD

Increasing Long

1,106

4.6934 GBP

10p ordinary

SWAP

Increasing Long

1,244

4.6752 GBP

10p ordinary

SWAP

Increasing Long

2,182

4.6818 GBP

10p ordinary

SWAP

Increasing Long

2,917

4.6775 GBP

10p ordinary

CFD

Increasing Long

9,706

4.6489 GBP

10p ordinary

CFD

Increasing Long

36,603

4.6826 GBP

10p ordinary

CFD

Increasing Long

47,902

4.6562 GBP

10p ordinary

SWAP

Increasing Short

562

4.6589 GBP

10p ordinary

SWAP

Increasing Short

1,117

4.6713 GBP

10p ordinary

SWAP

Increasing Short

2,364

4.6649 GBP

10p ordinary

SWAP

Increasing Short

2,569

4.6492 GBP

10p ordinary

SWAP

Increasing Short

2,573

4.6814 GBP

10p ordinary

SWAP

Increasing Short

2,824

4.6793 GBP

10p ordinary

SWAP

Increasing Short

3,743

4.6490 GBP

10p ordinary

SWAP

Increasing Short

5,879

4.6660 GBP

10p ordinary

SWAP

Increasing Short

18,028

4.6678 GBP

10p ordinary

SWAP

Increasing Short

46,081

4.6507 GBP

10p ordinary

SWAP

Increasing Short

86,388

4.6556 GBP

10p ordinary

SWAP

Opening Short

15

4.6843 GBP

10p ordinary

SWAP

Opening Short

38

4.6861 GBP

10p ordinary

SWAP

Opening Short

130

4.6793 GBP

10p ordinary

SWAP

Opening Short

594

4.6552 GBP

10p ordinary

SWAP

Opening Short

1,032

4.6551 GBP

10p ordinary

SWAP

Opening Short

8,209

4.6490 GBP

10p ordinary

SWAP

Opening Short

9,206

4.6599 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:

20 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213