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:

25 Mar 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:

8,524,627

0.87%

7,485,401

0.77%

(2) Cash-settled derivatives:

6,567,400

0.67%

7,059,426

0.72%

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

0

0.00%

0

0.00%

TOTAL: 

15,092,027

1.55%

14,544,827

1.49%

(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

759398

4.7425 GBP

4.6775 GBP

10p ordinary

Sale

726520

4.7300 GBP

4.6820 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 Long

12

4.7094 GBP

10p ordinary

SWAP

Closing Long

12

4.7089 GBP

10p ordinary

SWAP

Closing Long

218

4.7170 GBP

10p ordinary

SWAP

Closing Long

264

4.7210 GBP

10p ordinary

SWAP

Closing Long

5,139

4.6899 GBP

10p ordinary

CFD

Decreasing Long

166

4.7169 GBP

10p ordinary

SWAP

Decreasing Long

201

4.7015 GBP

10p ordinary

SWAP

Decreasing Long

446

4.6914 GBP

10p ordinary

SWAP

Decreasing Long

831

4.7135 GBP

10p ordinary

SWAP

Decreasing Long

1,154

4.7036 GBP

10p ordinary

SWAP

Decreasing Long

1,222

4.7077 GBP

10p ordinary

SWAP

Decreasing Long

1,267

4.6975 GBP

10p ordinary

CFD

Decreasing Long

1,543

4.7011 GBP

10p ordinary

SWAP

Decreasing Long

1,762

4.7032 GBP

10p ordinary

SWAP

Decreasing Long

3,023

4.7009 GBP

10p ordinary

SWAP

Decreasing Long

4,405

4.7025 GBP

10p ordinary

SWAP

Decreasing Long

4,465

4.7054 GBP

10p ordinary

SWAP

Decreasing Long

4,833

4.7022 GBP

10p ordinary

SWAP

Decreasing Long

4,929

4.7120 GBP

10p ordinary

SWAP

Decreasing Long

6,261

4.7062 GBP

10p ordinary

SWAP

Decreasing Long

7,085

4.7060 GBP

10p ordinary

SWAP

Decreasing Long

10,326

4.7155 GBP

10p ordinary

SWAP

Decreasing Long

10,607

4.7094 GBP

10p ordinary

CFD

Decreasing Long

17,895

4.7124 GBP

10p ordinary

SWAP

Decreasing Long

25,580

4.7085 GBP

10p ordinary

SWAP

Decreasing Long

304,006

4.7425 GBP

10p ordinary

SWAP

Decreasing Short

136

4.7052 GBP

10p ordinary

SWAP

Decreasing Short

170

4.7300 GBP

10p ordinary

SWAP

Decreasing Short

220

4.7149 GBP

10p ordinary

SWAP

Decreasing Short

358

4.7135 GBP

10p ordinary

SWAP

Decreasing Short

394

4.6920 GBP

10p ordinary

SWAP

Decreasing Short

470

4.7065 GBP

10p ordinary

SWAP

Decreasing Short

484

4.7183 GBP

10p ordinary

SWAP

Decreasing Short

551

4.7096 GBP

10p ordinary

SWAP

Decreasing Short

645

4.7057 GBP

10p ordinary

SWAP

Decreasing Short

1,889

4.7155 GBP

10p ordinary

SWAP

Decreasing Short

2,165

4.7025 GBP

10p ordinary

SWAP

Decreasing Short

2,246

4.7087 GBP

10p ordinary

SWAP

Decreasing Short

2,536

4.6964 GBP

10p ordinary

SWAP

Decreasing Short

3,448

4.7105 GBP

10p ordinary

SWAP

Decreasing Short

3,790

4.6943 GBP

10p ordinary

SWAP

Decreasing Short

4,929

4.7120 GBP

10p ordinary

SWAP

Decreasing Short

7,085

4.7060 GBP

10p ordinary

SWAP

Decreasing Short

9,186

4.7063 GBP

10p ordinary

SWAP

Decreasing Short

10,967

4.6950 GBP

10p ordinary

SWAP

Decreasing Short

12,671

4.7017 GBP

10p ordinary

SWAP

Decreasing Short

19,476

4.7086 GBP

10p ordinary

SWAP

Decreasing Short

21,730

4.7068 GBP

10p ordinary

SWAP

Decreasing Short

30,240

4.7166 GBP

10p ordinary

SWAP

Decreasing Short

41,670

4.7000 GBP

10p ordinary

SWAP

Decreasing Short

105,815

4.7170 GBP

10p ordinary

SWAP

Decreasing Short

278,823

4.7054 GBP

10p ordinary

CFD

Increasing Long

15

4.7173 GBP

10p ordinary

CFD

Increasing Long

17

4.7170 GBP

10p ordinary

SWAP

Increasing Long

473

4.7135 GBP

10p ordinary

CFD

Increasing Long

2,570

4.7169 GBP

10p ordinary

SWAP

Increasing Long

4,451

4.7155 GBP

10p ordinary

CFD

Increasing Long

9,409

4.7041 GBP

10p ordinary

CFD

Increasing Long

10,350

4.7045 GBP

10p ordinary

SWAP

Increasing Short

227

4.7133 GBP

10p ordinary

SWAP

Increasing Short

623

4.7040 GBP

10p ordinary

SWAP

Increasing Short

690

4.7062 GBP

10p ordinary

SWAP

Increasing Short

899

4.7370 GBP

10p ordinary

SWAP

Increasing Short

969

4.7043 GBP

10p ordinary

SWAP

Increasing Short

2,378

4.7039 GBP

10p ordinary

SWAP

Increasing Short

3,977

4.7064 GBP

10p ordinary

SWAP

Increasing Short

5,025

4.7141 GBP

10p ordinary

SWAP

Increasing Short

39,164

4.7209 GBP

10p ordinary

SWAP

Increasing Short

40,492

4.7168 GBP

10p ordinary

SWAP

Opening Short

1,318

4.7083 GBP

10p ordinary

SWAP

Opening Short

1,355

4.6959 GBP

10p ordinary

SWAP

Opening Short

1,514

4.7060 GBP

10p ordinary

SWAP

Opening Short

1,883

4.7150 GBP

10p ordinary

SWAP

Opening Short

2,378

4.6979 GBP

10p ordinary

SWAP

Opening Short

5,418

4.7081 GBP

10p ordinary

SWAP

Opening Short

6,005

4.7172 GBP

10p ordinary

SWAP

Opening Short

6,779

4.7108 GBP

10p ordinary

SWAP

Opening Short

7,017

4.7025 GBP

10p ordinary

SWAP

Opening Short

8,984

4.7075 GBP

10p ordinary

SWAP

Opening Short

9,106

4.7078 GBP

10p ordinary

SWAP

Opening Short

16,862

4.7170 GBP

10p ordinary

SWAP

Opening Short

25,194

4.7170 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:

26 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213