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:

REDROW PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

REDROW PLC

(d)

Date position held/dealing undertaken:

14 Feb 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: BARRATT DEVELOPMENTS 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:

10.5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

6,261,877

1.89%

2,671,720

0.81%

(2) Cash-settled derivatives:

1,359,652

0.41%

6,057,173

1.83%

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

0

0.00%

0

0.00%

TOTAL:

7,621,529

2.30%

8,728,893

2.64%

(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

10.5p ordinary

Purchase

405603

6.7050 GBP

6.6150 GBP

10.5p ordinary

Sale

144058

6.7052 GBP

6.6095 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10.5p ordinary

SWAP

Decreasing Long

53

6.6840 GBP

10.5p ordinary

SWAP

Decreasing Long

120

6.6809 GBP

10.5p ordinary

SWAP

Decreasing Long

534

6.6852 GBP

10.5p ordinary

SWAP

Decreasing Long

606

6.6976 GBP

10.5p ordinary

SWAP

Decreasing Long

770

6.6674 GBP

10.5p ordinary

SWAP

Decreasing Long

1,424

6.6707 GBP

10.5p ordinary

SWAP

Decreasing Long

1,653

6.6586 GBP

10.5p ordinary

SWAP

Decreasing Long

3,673

6.6854 GBP

10.5p ordinary

SWAP

Decreasing Long

5,849

6.6789 GBP

10.5p ordinary

SWAP

Decreasing Long

6,992

6.6200 GBP

10.5p ordinary

SWAP

Decreasing Short

12

6.6852 GBP

10.5p ordinary

SWAP

Decreasing Short

14

6.6495 GBP

10.5p ordinary

SWAP

Decreasing Short

47

6.6793 GBP

10.5p ordinary

SWAP

Decreasing Short

55

6.6708 GBP

10.5p ordinary

SWAP

Decreasing Short

257

6.6800 GBP

10.5p ordinary

CFD

Decreasing Short

444

6.5940 GBP

10.5p ordinary

SWAP

Decreasing Short

771

6.6330 GBP

10.5p ordinary

SWAP

Decreasing Short

1,308

6.6650 GBP

10.5p ordinary

CFD

Decreasing Short

2,738

6.6095 GBP

10.5p ordinary

CFD

Decreasing Short

2,966

6.6200 GBP

10.5p ordinary

SWAP

Decreasing Short

2,990

6.6852 GBP

10.5p ordinary

CFD

Decreasing Short

3,146

6.7052 GBP

10.5p ordinary

CFD

Decreasing Short

3,241

6.6471 GBP

10.5p ordinary

SWAP

Decreasing Short

3,601

6.6495 GBP

10.5p ordinary

SWAP

Decreasing Short

5,955

6.6749 GBP

10.5p ordinary

SWAP

Decreasing Short

6,252

6.6790 GBP

10.5p ordinary

SWAP

Decreasing Short

13,849

6.6708 GBP

10.5p ordinary

SWAP

Decreasing Short

15,700

6.6748 GBP

10.5p ordinary

SWAP

Decreasing Short

17,009

6.6781 GBP

10.5p ordinary

SWAP

Decreasing Short

25,200

6.6563 GBP

10.5p ordinary

SWAP

Increasing Long

11

6.6949 GBP

10.5p ordinary

SWAP

Increasing Long

59

6.6749 GBP

10.5p ordinary

SWAP

Increasing Short

274

6.6669 GBP

10.5p ordinary

SWAP

Increasing Short

317

6.6766 GBP

10.5p ordinary

SWAP

Increasing Short

473

6.6644 GBP

10.5p ordinary

SWAP

Increasing Short

694

6.6705 GBP

10.5p ordinary

CFD

Increasing Short

1,192

6.6200 GBP

10.5p ordinary

SWAP

Increasing Short

1,279

6.6600 GBP

10.5p ordinary

CFD

Increasing Short

1,774

6.6150 GBP

10.5p ordinary

SWAP

Increasing Short

1,814

6.6686 GBP

10.5p ordinary

SWAP

Increasing Short

2,949

6.6411 GBP

10.5p ordinary

SWAP

Increasing Short

3,518

6.6826 GBP

10.5p ordinary

SWAP

Increasing Short

3,966

6.6684 GBP

10.5p ordinary

SWAP

Increasing Short

7,389

6.6770 GBP

10.5p ordinary

SWAP

Increasing Short

11,574

6.6840 GBP

10.5p ordinary

SWAP

Increasing Short

55,182

6.6200 GBP

10.5p ordinary

SWAP

Increasing Short

102,647

6.6585 GBP

10.5p ordinary

SWAP

Increasing Short

161,834

6.6635 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:

15 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213