Barclays Regulatory News (BARC)

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:

22 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: 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:

5,414,250

0.56%

4,925,126

0.51%

(2) Cash-settled derivatives:

4,260,326

0.44%

4,146,106

0.43%

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

0

0.00%

0

0.00%

TOTAL: 

9,674,576

0.99%

9,071,232

0.93%

(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

889330

4.7965 GBP

4.7540 GBP

10p ordinary

Sale

1605887

4.8115 GBP

4.7580 GBP

(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

76

4.7800 GBP

10p ordinary

SWAP

Closing Short

237

4.7818 GBP

10p ordinary

CFD

Decreasing Long

123

4.7690 GBP

10p ordinary

CFD

Decreasing Long

2,302

4.8183 GBP

10p ordinary

CFD

Decreasing Long

2,773

4.7964 GBP

10p ordinary

CFD

Decreasing Long

9,330

4.7820 GBP

10p ordinary

CFD

Decreasing Long

9,885

4.7796 GBP

10p ordinary

SWAP

Decreasing Long

15,578

4.7835 GBP

10p ordinary

CFD

Decreasing Long

41,202

4.7803 GBP

10p ordinary

SWAP

Decreasing Long

63,692

4.7805 GBP

10p ordinary

CFD

Decreasing Long

80,795

4.7810 GBP

10p ordinary

SWAP

Decreasing Short

31

4.7719 GBP

10p ordinary

SWAP

Decreasing Short

440

4.7810 GBP

10p ordinary

SWAP

Decreasing Short

1,021

4.7797 GBP

10p ordinary

SWAP

Decreasing Short

1,077

4.7781 GBP

10p ordinary

SWAP

Decreasing Short

1,581

4.7743 GBP

10p ordinary

SWAP

Decreasing Short

1,925

4.7790 GBP

10p ordinary

SWAP

Decreasing Short

2,831

4.7988 GBP

10p ordinary

SWAP

Decreasing Short

3,039

4.7744 GBP

10p ordinary

SWAP

Decreasing Short

8,302

4.7811 GBP

10p ordinary

SWAP

Decreasing Short

8,690

4.7792 GBP

10p ordinary

SWAP

Decreasing Short

10,599

4.7788 GBP

10p ordinary

SWAP

Decreasing Short

45,225

4.7801 GBP

10p ordinary

SWAP

Decreasing Short

45,719

4.7799 GBP

10p ordinary

SWAP

Decreasing Short

176,993

4.7779 GBP

10p ordinary

SWAP

Decreasing Short

303,065

4.7800 GBP

10p ordinary

SWAP

Increasing Long

86

4.7805 GBP

10p ordinary

SWAP

Increasing Long

462

4.7710 GBP

10p ordinary

SWAP

Increasing Long

523

4.7870 GBP

10p ordinary

CFD

Increasing Long

1,062

4.7822 GBP

10p ordinary

SWAP

Increasing Long

1,205

4.7791 GBP

10p ordinary

SWAP

Increasing Long

2,010

4.7737 GBP

10p ordinary

CFD

Increasing Long

2,302

4.7796 GBP

10p ordinary

SWAP

Increasing Long

4,582

4.7835 GBP

10p ordinary

SWAP

Increasing Long

10,362

4.7785 GBP

10p ordinary

SWAP

Increasing Long

11,204

4.7799 GBP

10p ordinary

CFD

Increasing Long

15,542

4.7794 GBP

10p ordinary

SWAP

Increasing Long

22,200

4.7797 GBP

10p ordinary

SWAP

Increasing Long

25,661

4.7790 GBP

10p ordinary

SWAP

Increasing Long

35,280

4.7796 GBP

10p ordinary

SWAP

Increasing Short

176

4.7780 GBP

10p ordinary

SWAP

Increasing Short

212

4.7793 GBP

10p ordinary

SWAP

Increasing Short

447

4.7810 GBP

10p ordinary

SWAP

Increasing Short

918

4.7894 GBP

10p ordinary

SWAP

Increasing Short

952

4.7770 GBP

10p ordinary

SWAP

Increasing Short

1,244

4.7809 GBP

10p ordinary

SWAP

Increasing Short

1,296

4.7809 GBP

10p ordinary

SWAP

Increasing Short

1,365

4.7859 GBP

10p ordinary

SWAP

Increasing Short

1,910

4.7792 GBP

10p ordinary

SWAP

Increasing Short

2,390

4.7798 GBP

10p ordinary

SWAP

Increasing Short

2,779

4.7810 GBP

10p ordinary

SWAP

Increasing Short

6,275

4.7765 GBP

10p ordinary

SWAP

Increasing Short

6,279

4.7734 GBP

10p ordinary

SWAP

Increasing Short

7,099

4.7801 GBP

10p ordinary

SWAP

Increasing Short

19,408

4.7805 GBP

10p ordinary

SWAP

Increasing Short

23,009

4.7790 GBP

10p ordinary

SWAP

Increasing Short

43,721

4.7879 GBP

10p ordinary

SWAP

Increasing Short

43,769

4.7799 GBP

10p ordinary

SWAP

Increasing Short

51,973

4.7802 GBP

10p ordinary

SWAP

Increasing Short

109,968

4.7806 GBP

10p ordinary

SWAP

Increasing Short

120,741

4.7800 GBP

10p ordinary

SWAP

Opening Long

141

4.7805 GBP

10p ordinary

SWAP

Opening Long

789

4.7784 GBP

10p ordinary

SWAP

Opening Long

859

4.7869 GBP

10p ordinary

SWAP

Opening Long

972

4.7703 GBP

10p ordinary

SWAP

Opening Long

3,804

4.7726 GBP

10p ordinary

SWAP

Opening Long

7,525

4.7835 GBP

10p ordinary

SWAP

Opening Long

18,400

4.7799 GBP

10p ordinary

SWAP

Opening Long

18,423

4.7785 GBP

10p ordinary

SWAP

Opening Long

44,607

4.7787 GBP

10p ordinary

SWAP

Opening Long

519,588

4.8115 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:

23 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213