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:

26 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:

6,482,857

1.96%

2,649,666

0.80%

(2) Cash-settled derivatives:

1,366,125

0.41%

6,331,780

1.91%

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

0

0.00%

0

0.00%

TOTAL: 

7,848,982

2.37%

8,981,446

2.72%

(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

302617

6.6600 GBP

6.4600 GBP

10.5p ordinary

Sale

524888

6.6600 GBP

6.5066 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

64

6.6436 GBP

10.5p ordinary

SWAP

Decreasing Long

412

6.6532 GBP

10.5p ordinary

SWAP

Decreasing Long

465

6.6458 GBP

10.5p ordinary

SWAP

Decreasing Long

1,636

6.6501 GBP

10.5p ordinary

SWAP

Decreasing Long

1,727

6.6517 GBP

10.5p ordinary

SWAP

Decreasing Short

198

6.6450 GBP

10.5p ordinary

SWAP

Decreasing Short

271

6.6000 GBP

10.5p ordinary

SWAP

Decreasing Short

2,274

6.6440 GBP

10.5p ordinary

CFD

Decreasing Short

5,469

6.6438 GBP

10.5p ordinary

SWAP

Decreasing Short

6,053

6.6236 GBP

10.5p ordinary

CFD

Decreasing Short

11,581

6.6368 GBP

10.5p ordinary

SWAP

Decreasing Short

11,988

6.6240 GBP

10.5p ordinary

SWAP

Decreasing Short

16,752

6.6143 GBP

10.5p ordinary

CFD

Decreasing Short

32,572

6.5624 GBP

10.5p ordinary

SWAP

Decreasing Short

42,800

6.5513 GBP

10.5p ordinary

SWAP

Increasing Long

100

6.4550 GBP

10.5p ordinary

SWAP

Increasing Long

2,431

6.5917 GBP

10.5p ordinary

SWAP

Increasing Long

12,759

6.5066 GBP

10.5p ordinary

SWAP

Increasing Short

277

6.5926 GBP

10.5p ordinary

SWAP

Increasing Short

424

6.6550 GBP

10.5p ordinary

SWAP

Increasing Short

446

6.6450 GBP

10.5p ordinary

SWAP

Increasing Short

522

6.5750 GBP

10.5p ordinary

SWAP

Increasing Short

630

6.5734 GBP

10.5p ordinary

SWAP

Increasing Short

909

6.4676 GBP

10.5p ordinary

SWAP

Increasing Short

1,297

6.6349 GBP

10.5p ordinary

SWAP

Increasing Short

1,625

6.5770 GBP

10.5p ordinary

SWAP

Increasing Short

2,149

6.6009 GBP

10.5p ordinary

SWAP

Increasing Short

4,354

6.5699 GBP

10.5p ordinary

SWAP

Increasing Short

15,848

6.6100 GBP

10.5p ordinary

SWAP

Increasing Short

16,605

6.6074 GBP

10.5p ordinary

SWAP

Increasing Short

17,254

6.5929 GBP

10.5p ordinary

SWAP

Increasing Short

19,666

6.5490 GBP

10.5p ordinary

SWAP

Increasing Short

25,261

6.5541 GBP

10.5p ordinary

SWAP

Increasing Short

56,995

6.5959 GBP

10.5p ordinary

SWAP

Opening Short

23,302

6.6106 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:

27 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213