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:

15 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:

4,091,534

0.42%

3,204,981

0.33%

(2) Cash-settled derivatives:

2,730,259

0.28%

3,006,595

0.31%

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

0

0.00%

0

0.00%

TOTAL: 

6,821,793

0.70%

6,211,576

0.64%

(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

1552596

4.7625 GBP

4.7260 GBP

10p ordinary

Sale

1381808

4.7630 GBP

4.7260 GBP

ADR

Purchase

3200

11.9800 USD

11.9800 USD

ADR

Sale

3200

11.9800 USD

11.9800 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 Long

12,228

4.7527 GBP

10p ordinary

SWAP

Decreasing Long

410

4.7402 GBP

10p ordinary

SWAP

Decreasing Long

413

4.7429 GBP

10p ordinary

CFD

Decreasing Long

500

4.7620 GBP

10p ordinary

CFD

Decreasing Long

1,000

4.7563 GBP

10p ordinary

SWAP

Decreasing Long

1,182

4.7431 GBP

10p ordinary

SWAP

Decreasing Long

2,591

4.7503 GBP

10p ordinary

CFD

Decreasing Long

3,009

4.7603 GBP

10p ordinary

SWAP

Decreasing Long

3,515

4.7411 GBP

10p ordinary

SWAP

Decreasing Long

4,588

4.7516 GBP

10p ordinary

SWAP

Decreasing Long

5,891

4.7415 GBP

10p ordinary

SWAP

Decreasing Long

8,987

4.7557 GBP

10p ordinary

SWAP

Decreasing Long

10,308

4.7570 GBP

10p ordinary

SWAP

Decreasing Long

12,073

4.7542 GBP

10p ordinary

CFD

Decreasing Long

15,154

4.7422 GBP

10p ordinary

CFD

Decreasing Long

18,708

4.7636 GBP

10p ordinary

CFD

Decreasing Long

32,254

4.7570 GBP

10p ordinary

SWAP

Decreasing Short

230

4.7360 GBP

10p ordinary

SWAP

Decreasing Short

687

4.7531 GBP

10p ordinary

SWAP

Decreasing Short

1,028

4.7455 GBP

10p ordinary

SWAP

Decreasing Short

1,252

4.7484 GBP

10p ordinary

SWAP

Decreasing Short

3,010

4.7600 GBP

10p ordinary

SWAP

Decreasing Short

3,136

4.7440 GBP

10p ordinary

SWAP

Decreasing Short

3,160

4.7430 GBP

10p ordinary

SWAP

Decreasing Short

3,565

4.7376 GBP

10p ordinary

SWAP

Decreasing Short

3,707

4.7548 GBP

10p ordinary

SWAP

Decreasing Short

7,278

4.7491 GBP

10p ordinary

SWAP

Decreasing Short

14,898

4.7563 GBP

10p ordinary

SWAP

Decreasing Short

15,691

4.7576 GBP

10p ordinary

SWAP

Decreasing Short

72,734

4.7480 GBP

10p ordinary

SWAP

Decreasing Short

79,704

4.7568 GBP

10p ordinary

SWAP

Decreasing Short

113,481

4.7485 GBP

10p ordinary

CFD

Increasing Long

803

4.7596 GBP

10p ordinary

CFD

Increasing Long

5,367

4.7581 GBP

10p ordinary

SWAP

Increasing Long

12,444

4.7528 GBP

10p ordinary

CFD

Increasing Long

19,775

4.7469 GBP

10p ordinary

SWAP

Increasing Long

65,927

4.7559 GBP

10p ordinary

SWAP

Increasing Short

277

4.7470 GBP

10p ordinary

CFD

Increasing Short

288

4.7493 GBP

10p ordinary

SWAP

Increasing Short

412

4.7430 GBP

10p ordinary

SWAP

Increasing Short

1,270

4.7530 GBP

10p ordinary

SWAP

Increasing Short

2,471

4.7534 GBP

10p ordinary

SWAP

Increasing Short

2,538

4.7615 GBP

10p ordinary

SWAP

Increasing Short

3,884

4.7409 GBP

10p ordinary

SWAP

Increasing Short

8,002

4.7590 GBP

10p ordinary

SWAP

Increasing Short

12,886

4.7506 GBP

10p ordinary

SWAP

Increasing Short

45,120

4.7531 GBP

10p ordinary

SWAP

Increasing Short

118,860

4.7525 GBP

10p ordinary

SWAP

Increasing Short

225,029

4.7570 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:

16 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213