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:

16 May 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:

13,653,679

1.40%

5,285,960

0.54%

(2) Cash-settled derivatives:

4,326,971

0.44%

12,400,379

1.27%

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

0

0.00%

0

0.00%

TOTAL: 

17,980,650

1.84%

17,686,339

1.81%

(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

364566

5.1940 GBP

5.1040 GBP

10p ordinary

Sale

900818

5.1942 GBP

5.1375 GBP

ADR

Purchase

20

13.0000 USD

13.0000 USD

ADR

Sale

20

13.0000 USD

13.0000 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

1

5.1800 GBP

10p ordinary

SWAP

Closing Short

6

5.1683 GBP

10p ordinary

SWAP

Closing Short

190

5.1940 GBP

10p ordinary

SWAP

Closing Short

1,140

5.1937 GBP

10p ordinary

SWAP

Decreasing Long

1,112

5.1430 GBP

10p ordinary

CFD

Decreasing Long

1,226

5.1944 GBP

10p ordinary

CFD

Decreasing Long

11,459

5.1759 GBP

10p ordinary

CFD

Decreasing Long

15,344

5.1725 GBP

10p ordinary

CFD

Decreasing Long

18,380

5.1534 GBP

10p ordinary

SWAP

Decreasing Short

787

5.1661 GBP

10p ordinary

SWAP

Decreasing Short

1,180

5.1460 GBP

10p ordinary

SWAP

Decreasing Short

1,258

5.1615 GBP

10p ordinary

SWAP

Decreasing Short

1,915

5.1669 GBP

10p ordinary

SWAP

Decreasing Short

2,139

5.1514 GBP

10p ordinary

SWAP

Decreasing Short

2,572

5.1667 GBP

10p ordinary

SWAP

Decreasing Short

4,025

5.1708 GBP

10p ordinary

SWAP

Decreasing Short

4,385

5.1780 GBP

10p ordinary

SWAP

Decreasing Short

6,638

5.1770 GBP

10p ordinary

SWAP

Decreasing Short

6,790

5.1802 GBP

10p ordinary

SWAP

Decreasing Short

6,821

5.1717 GBP

10p ordinary

SWAP

Decreasing Short

8,804

5.1756 GBP

10p ordinary

SWAP

Decreasing Short

14,028

5.1751 GBP

10p ordinary

SWAP

Decreasing Short

15,850

5.1677 GBP

10p ordinary

SWAP

Decreasing Short

17,372

5.1783 GBP

10p ordinary

SWAP

Decreasing Short

20,301

5.1768 GBP

10p ordinary

SWAP

Decreasing Short

22,297

5.1788 GBP

10p ordinary

SWAP

Decreasing Short

52,236

5.1695 GBP

10p ordinary

SWAP

Decreasing Short

98,565

5.1711 GBP

10p ordinary

SWAP

Decreasing Short

254,193

5.1940 GBP

10p ordinary

SWAP

Increasing Long

27

5.1597 GBP

10p ordinary

CFD

Increasing Long

544

5.1820 GBP

10p ordinary

CFD

Increasing Long

721

5.1599 GBP

10p ordinary

CFD

Increasing Long

729

5.1744 GBP

10p ordinary

SWAP

Increasing Long

869

5.1688 GBP

10p ordinary

CFD

Increasing Long

1,076

5.1815 GBP

10p ordinary

SWAP

Increasing Long

1,112

5.1430 GBP

10p ordinary

SWAP

Increasing Long

1,440

5.1694 GBP

10p ordinary

CFD

Increasing Long

1,905

5.1773 GBP

10p ordinary

SWAP

Increasing Long

1,930

5.1833 GBP

10p ordinary

SWAP

Increasing Long

2,030

5.1591 GBP

10p ordinary

SWAP

Increasing Long

3,725

5.1604 GBP

10p ordinary

SWAP

Increasing Long

3,797

5.1722 GBP

10p ordinary

CFD

Increasing Long

4,276

5.1395 GBP

10p ordinary

SWAP

Increasing Long

4,672

5.1657 GBP

10p ordinary

SWAP

Increasing Long

8,070

5.1603 GBP

10p ordinary

CFD

Increasing Long

17,659

5.1940 GBP

10p ordinary

CFD

Increasing Long

21,471

5.1662 GBP

10p ordinary

CFD

Increasing Long

22,815

5.1646 GBP

10p ordinary

SWAP

Increasing Long

33,696

5.1695 GBP

10p ordinary

SWAP

Increasing Short

1,400

5.1563 GBP

10p ordinary

SWAP

Increasing Short

2,027

5.1746 GBP

10p ordinary

SWAP

Increasing Short

2,819

5.1602 GBP

10p ordinary

SWAP

Increasing Short

17,408

5.1277 GBP

10p ordinary

SWAP

Increasing Short

41,882

5.1934 GBP

10p ordinary

SWAP

Increasing Short

72,775

5.1940 GBP

10p ordinary

SWAP

Opening Long

10

5.1497 GBP

10p ordinary

SWAP

Opening Short

8

5.1675 GBP

10p ordinary

SWAP

Opening Short

506

5.1518 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:

17 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213