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:

27 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:

6,622,554

2.00%

2,621,700

0.79%

(2) Cash-settled derivatives:

1,345,646

0.41%

6,478,176

1.96%

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

0

0.00%

0

0.00%

TOTAL: 

7,968,200

2.41%

9,099,876

2.75%

(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

221149

6.5675 GBP

6.5100 GBP

10.5p ordinary

Sale

53486

6.6450 GBP

6.5000 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

409

6.5406 GBP

10.5p ordinary

SWAP

Decreasing Long

499

6.5456 GBP

10.5p ordinary

SWAP

Decreasing Long

1,286

6.5496 GBP

10.5p ordinary

SWAP

Decreasing Long

1,324

6.5361 GBP

10.5p ordinary

SWAP

Decreasing Long

16,961

6.5301 GBP

10.5p ordinary

SWAP

Decreasing Short

412

6.5950 GBP

10.5p ordinary

SWAP

Decreasing Short

546

6.5450 GBP

10.5p ordinary

CFD

Decreasing Short

618

6.6444 GBP

10.5p ordinary

SWAP

Decreasing Short

2,297

6.5620 GBP

10.5p ordinary

SWAP

Increasing Short

94

6.5100 GBP

10.5p ordinary

SWAP

Increasing Short

338

6.5250 GBP

10.5p ordinary

SWAP

Increasing Short

394

6.5424 GBP

10.5p ordinary

SWAP

Increasing Short

481

6.5445 GBP

10.5p ordinary

SWAP

Increasing Short

790

6.5440 GBP

10.5p ordinary

SWAP

Increasing Short

1,757

6.5372 GBP

10.5p ordinary

SWAP

Increasing Short

4,653

6.5400 GBP

10.5p ordinary

CFD

Increasing Short

6,550

6.5556 GBP

10.5p ordinary

CFD

Increasing Short

6,577

6.5263 GBP

10.5p ordinary

CFD

Increasing Short

7,079

6.5300 GBP

10.5p ordinary

SWAP

Increasing Short

9,029

6.5402 GBP

10.5p ordinary

SWAP

Increasing Short

9,355

6.5341 GBP

10.5p ordinary

CFD

Increasing Short

12,901

6.5531 GBP

10.5p ordinary

SWAP

Increasing Short

13,229

6.5374 GBP

10.5p ordinary

SWAP

Increasing Short

17,657

6.5310 GBP

10.5p ordinary

SWAP

Increasing Short

24,625

6.5345 GBP

10.5p ordinary

SWAP

Increasing Short

34,760

6.5300 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:

28 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213