Form 8.5 (EPT/NON-RI)BARRATT DEVELOPMENTS 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:

BARRATT DEVELOPMENTS PLC

(c)

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

REDROW PLC

(d)

Date position held/dealing undertaken:

24 Jun 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: REDROW 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:

10p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

12,731,814

1.31%

3,814,451

0.39%

(2) Cash-settled derivatives:

2,914,924

0.30%

11,295,467

1.16%

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

0

0.00%

0

0.00%

TOTAL: 

15,646,738

1.61%

15,109,918

1.55%

(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

10p ordinary

Purchase

1003568

4.7790 GBP

4.7302 GBP

10p ordinary

Sale

652304

4.7760 GBP

4.7420 GBP

ADR

Purchase

2000

11.9900 USD

11.9900 USD

ADR

Sale

2000

11.9900 USD

11.9900 USD

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10p ordinary

SWAP

Closing Short

2,112

4.7518 GBP

10p ordinary

SWAP

Closing Short

18,871

4.7582 GBP

10p ordinary

SWAP

Closing Short

24,103

4.7580 GBP

10p ordinary

SWAP

Decreasing Short

3

4.7559 GBP

10p ordinary

SWAP

Decreasing Short

355

4.7495 GBP

10p ordinary

CFD

Decreasing Short

791

4.7526 GBP

10p ordinary

CFD

Decreasing Short

1,209

4.7522 GBP

10p ordinary

SWAP

Decreasing Short

1,369

4.7607 GBP

10p ordinary

SWAP

Decreasing Short

2,283

4.7541 GBP

10p ordinary

SWAP

Decreasing Short

2,373

4.7517 GBP

10p ordinary

SWAP

Decreasing Short

2,514

4.7506 GBP

10p ordinary

CFD

Decreasing Short

3,654

4.7576 GBP

10p ordinary

SWAP

Decreasing Short

3,935

4.7553 GBP

10p ordinary

SWAP

Decreasing Short

4,284

4.7438 GBP

10p ordinary

SWAP

Decreasing Short

4,368

4.7521 GBP

10p ordinary

SWAP

Decreasing Short

5,066

4.7563 GBP

10p ordinary

SWAP

Decreasing Short

5,213

4.7565 GBP

10p ordinary

SWAP

Decreasing Short

5,528

4.7543 GBP

10p ordinary

SWAP

Decreasing Short

5,727

4.7516 GBP

10p ordinary

SWAP

Decreasing Short

6,599

4.7498 GBP

10p ordinary

SWAP

Decreasing Short

8,238

4.7515 GBP

10p ordinary

CFD

Decreasing Short

12,622

4.7567 GBP

10p ordinary

SWAP

Decreasing Short

15,541

4.7520 GBP

10p ordinary

CFD

Decreasing Short

15,777

4.7518 GBP

10p ordinary

SWAP

Decreasing Short

17,600

4.7525 GBP

10p ordinary

SWAP

Decreasing Short

26,787

4.7580 GBP

10p ordinary

SWAP

Decreasing Short

40,320

4.7576 GBP

10p ordinary

SWAP

Decreasing Short

41,509

4.7579 GBP

10p ordinary

SWAP

Decreasing Short

115,200

4.7476 GBP

10p ordinary

SWAP

Increasing Short

126

4.7509 GBP

10p ordinary

SWAP

Increasing Short

173

4.7460 GBP

10p ordinary

CFD

Increasing Short

500

4.7441 GBP

10p ordinary

SWAP

Increasing Short

859

4.7508 GBP

10p ordinary

SWAP

Increasing Short

912

4.7302 GBP

10p ordinary

SWAP

Increasing Short

2,667

4.7556 GBP

10p ordinary

CFD

Increasing Short

4,812

4.7453 GBP

10p ordinary

CFD

Increasing Short

7,310

4.7580 GBP

10p ordinary

SWAP

Increasing Short

13,633

4.7568 GBP

10p ordinary

SWAP

Increasing Short

27,529

4.7525 GBP

10p ordinary

SWAP

Increasing Short

31,589

4.7541 GBP

10p ordinary

SWAP

Increasing Short

46,900

4.7566 GBP

10p ordinary

SWAP

Increasing Short

85,532

4.7537 GBP

10p ordinary

SWAP

Increasing Short

90,324

4.7579 GBP

10p ordinary

SWAP

Increasing Short

91,951

4.7580 GBP

10p ordinary

SWAP

Increasing Short

309,449

4.7563 GBP

10p ordinary

SWAP

Opening Short

5,842

4.7544 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:

25 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213