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:

08 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:

4,457,718

1.35%

2,845,227

0.86%

(2) Cash-settled derivatives:

1,542,592

0.47%

4,110,683

1.24%

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

0

0.00%

0

0.00%

TOTAL: 

6,000,310

1.81%

6,955,910

2.10%

(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

1099742

6.9600 GBP

6.7343 GBP

10.5p ordinary

Sale

592825

6.9544 GBP

6.7350 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

Closing Long

2

6.9049 GBP

10.5p ordinary

SWAP

Closing Long

8

6.9374 GBP

10.5p ordinary

SWAP

Closing Long

14

6.8937 GBP

10.5p ordinary

SWAP

Closing Long

16

6.9143 GBP

10.5p ordinary

SWAP

Closing Long

30

6.9345 GBP

10.5p ordinary

SWAP

Closing Long

48

6.9216 GBP

10.5p ordinary

SWAP

Closing Long

52

6.8938 GBP

10.5p ordinary

SWAP

Closing Long

61

6.9110 GBP

10.5p ordinary

SWAP

Closing Long

82

6.9011 GBP

10.5p ordinary

SWAP

Closing Long

107

6.9344 GBP

10.5p ordinary

SWAP

Closing Long

129

6.9365 GBP

10.5p ordinary

SWAP

Closing Long

203

6.9141 GBP

10.5p ordinary

SWAP

Closing Long

214

6.9107 GBP

10.5p ordinary

SWAP

Closing Long

256

6.9139 GBP

10.5p ordinary

SWAP

Closing Long

304

6.8992 GBP

10.5p ordinary

SWAP

Closing Long

400

6.8939 GBP

10.5p ordinary

SWAP

Closing Long

420

6.9051 GBP

10.5p ordinary

SWAP

Closing Long

529

6.9050 GBP

10.5p ordinary

SWAP

Closing Long

570

6.9038 GBP

10.5p ordinary

SWAP

Closing Long

796

6.9169 GBP

10.5p ordinary

SWAP

Closing Long

1,047

6.8891 GBP

10.5p ordinary

SWAP

Closing Long

1,062

6.8990 GBP

10.5p ordinary

SWAP

Closing Long

1,263

6.8868 GBP

10.5p ordinary

SWAP

Closing Long

1,327

6.9214 GBP

10.5p ordinary

SWAP

Closing Long

2,157

6.9010 GBP

10.5p ordinary

SWAP

Closing Long

17,875

6.8830 GBP

10.5p ordinary

SWAP

Closing Long

36,685

6.8747 GBP

10.5p ordinary

SWAP

Closing Long

78,641

6.9041 GBP

10.5p ordinary

SWAP

Closing Short

15,745

6.7350 GBP

10.5p ordinary

SWAP

Decreasing Long

34

6.8800 GBP

10.5p ordinary

SWAP

Decreasing Long

39

6.8856 GBP

10.5p ordinary

SWAP

Decreasing Long

39

6.8896 GBP

10.5p ordinary

SWAP

Decreasing Long

54

6.9050 GBP

10.5p ordinary

SWAP

Decreasing Long

645

6.8992 GBP

10.5p ordinary

SWAP

Decreasing Long

3,899

6.9027 GBP

10.5p ordinary

SWAP

Decreasing Long

30,410

6.8962 GBP

10.5p ordinary

SWAP

Decreasing Short

396

6.9544 GBP

10.5p ordinary

CFD

Decreasing Short

792

6.8990 GBP

10.5p ordinary

CFD

Decreasing Short

2,280

6.8997 GBP

10.5p ordinary

SWAP

Decreasing Short

2,823

6.9034 GBP

10.5p ordinary

SWAP

Decreasing Short

3,800

6.9036 GBP

10.5p ordinary

CFD

Decreasing Short

4,329

6.8487 GBP

10.5p ordinary

SWAP

Decreasing Short

10,682

6.9393 GBP

10.5p ordinary

CFD

Decreasing Short

48,376

6.8757 GBP

10.5p ordinary

CFD

Decreasing Short

62,698

6.7350 GBP

10.5p ordinary

SWAP

Increasing Long

434

6.9179 GBP

10.5p ordinary

SWAP

Increasing Long

1,028

6.9063 GBP

10.5p ordinary

SWAP

Increasing Long

1,123

6.9086 GBP

10.5p ordinary

SWAP

Increasing Long

1,338

6.9299 GBP

10.5p ordinary

SWAP

Increasing Long

1,833

6.9348 GBP

10.5p ordinary

SWAP

Increasing Long

6,067

6.9161 GBP

10.5p ordinary

SWAP

Increasing Long

6,660

6.9306 GBP

10.5p ordinary

SWAP

Increasing Long

6,970

6.9320 GBP

10.5p ordinary

SWAP

Increasing Long

9,072

6.9122 GBP

10.5p ordinary

SWAP

Increasing Short

360

6.8994 GBP

10.5p ordinary

SWAP

Increasing Short

888

6.8987 GBP

10.5p ordinary

CFD

Increasing Short

4,210

6.7350 GBP

10.5p ordinary

CFD

Increasing Short

23,927

6.9600 GBP

10.5p ordinary

CFD

Increasing Short

25,924

6.8277 GBP

10.5p ordinary

CFD

Increasing Short

32,561

6.8940 GBP

10.5p ordinary

CFD

Increasing Short

42,330

6.8970 GBP

10.5p ordinary

SWAP

Increasing Short

100,000

6.8791 GBP

10.5p ordinary

SWAP

Opening Long

107,602

6.8902 GBP

10.5p ordinary

SWAP

Opening Short

260

6.9100 GBP

10.5p ordinary

SWAP

Opening Short

1,016

6.9073 GBP

10.5p ordinary

SWAP

Opening Short

1,281

6.9000 GBP

10.5p ordinary

SWAP

Opening Short

1,466

6.8862 GBP

10.5p ordinary

SWAP

Opening Short

1,635

6.8498 GBP

10.5p ordinary

SWAP

Opening Short

1,761

6.8909 GBP

10.5p ordinary

SWAP

Opening Short

2,616

6.8454 GBP

10.5p ordinary

SWAP

Opening Short

3,132

6.8741 GBP

10.5p ordinary

SWAP

Opening Short

5,603

6.8650 GBP

10.5p ordinary

SWAP

Opening Short

16,554

6.7356 GBP

10.5p ordinary

SWAP

Opening Short

35,902

6.9055 GBP

10.5p ordinary

SWAP

Opening Short

72,822

6.8674 GBP

10.5p ordinary

SWAP

Opening Short

88,438

6.7350 GBP

10.5p ordinary

SWAP

Opening Short

105,652

6.7378 GBP

10.5p ordinary

SWAP

Opening Short

148,055

6.8685 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:

09 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213