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:

21 Aug 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:

4,217,162

1.27%

3,484,218

1.05%

(2) Cash-settled derivatives:

29,822

0.01%

4,582,994

1.39%

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

0

0.00%

0

0.00%

TOTAL: 

4,246,984

1.28%

8,067,212

2.44%

(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

5984859

7.9256 GBP

7.7900 GBP

10.5p ordinary

Sale

5264058

7.9300 GBP

7.7900 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

CFD

Increasing Short

800,000

7.7906 GBP

10.5p ordinary

CFD

Increasing Short

536

7.8734 GBP

10.5p ordinary

SWAP

Closing Short

437,599

0.0000 GBP

10.5p ordinary

SWAP

Opening Long

636

7.8832 GBP

10.5p ordinary

SWAP

Decreasing Long

300

7.8950 GBP

10.5p ordinary

SWAP

Increasing Long

7,500

7.8637 GBP

10.5p ordinary

SWAP

Decreasing Long

324,714

0.0000 GBP

10.5p ordinary

SWAP

Closing Short

26,442

0.0000 GBP

10.5p ordinary

SWAP

Closing Short

555,370

0.0000 GBP

10.5p ordinary

SWAP

Closing Short

449,431

0.0000 GBP

10.5p ordinary

SWAP

Closing Short

5,680

0.0000 GBP

10.5p ordinary

SWAP

Closing Short

3,064,035

0.0000 GBP

10.5p ordinary

SWAP

Opening Long

27,900

7.8748 GBP

10.5p ordinary

SWAP

Increasing Long

76

7.9000 GBP

10.5p ordinary

SWAP

Increasing Long

2,179

7.9136 GBP

10.5p ordinary

SWAP

Opening Short

1,228,436

7.7900 GBP

10.5p ordinary

SWAP

Increasing Short

22,402

7.8710 GBP

10.5p ordinary

SWAP

Increasing Short

837

7.8851 GBP

10.5p ordinary

SWAP

Increasing Short

51,905

7.8865 GBP

10.5p ordinary

SWAP

Closing Short

67,352

0.0000 GBP

10.5p ordinary

SWAP

Closing Short

68,147

0.0000 GBP

10.5p ordinary

SWAP

Opening Long

3,316

7.8874 GBP

10.5p ordinary

SWAP

Decreasing Long

232

7.8800 GBP

10.5p ordinary

SWAP

Closing Short

269,277

0.0000 GBP

10.5p ordinary

SWAP

Closing Short

596,883

0.0000 GBP

10.5p ordinary

SWAP

Opening Short

262,500

7.7905 GBP

10.5p ordinary

SWAP

Increasing Short

15,973

7.8730 GBP

10.5p ordinary

SWAP

Opening Short

500,000

7.7919 GBP

10.5p ordinary

SWAP

Closing Short

857,643

0.0000 GBP

10.5p ordinary

SWAP

Opening Long

55,163

7.8762 GBP

10.5p ordinary

SWAP

Increasing Long

530

7.9075 GBP

10.5p ordinary

SWAP

Opening Short

1,302,280

7.7900 GBP

10.5p ordinary

SWAP

Increasing Short

16,134

7.8750 GBP

10.5p ordinary

SWAP

Increasing Short

31,034

7.8836 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:

22 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213