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:

11 Apr 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:

10,526,589

1.08%

5,634,527

0.58%

(2) Cash-settled derivatives:

4,788,250

0.49%

9,138,696

0.94%

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

0

0.00%

0

0.00%

TOTAL: 

15,314,839

1.57%

14,773,223

1.52%

(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

765159

4.5615 GBP

4.5180 GBP

10p ordinary

Sale

660661

4.5521 GBP

4.5220 GBP

ADR

Purchase

1302

11.3260 USD

11.3193 USD

ADR

Sale

1302

11.3260 USD

11.3193 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

Decreasing Long

66

4.5344 GBP

10p ordinary

SWAP

Decreasing Long

102

4.5450 GBP

10p ordinary

SWAP

Decreasing Long

586

4.5410 GBP

10p ordinary

CFD

Decreasing Long

854

4.5217 GBP

10p ordinary

CFD

Decreasing Long

20,350

4.5348 GBP

10p ordinary

SWAP

Decreasing Long

23,400

4.5619 GBP

10p ordinary

CFD

Decreasing Long

63,131

4.5300 GBP

10p ordinary

SWAP

Decreasing Short

24

4.5479 GBP

10p ordinary

SWAP

Decreasing Short

394

4.5449 GBP

10p ordinary

SWAP

Decreasing Short

712

4.5403 GBP

10p ordinary

SWAP

Decreasing Short

768

4.5290 GBP

10p ordinary

SWAP

Decreasing Short

1,032

4.5439 GBP

10p ordinary

SWAP

Decreasing Short

1,182

4.5344 GBP

10p ordinary

SWAP

Decreasing Short

2,931

4.5361 GBP

10p ordinary

SWAP

Decreasing Short

3,191

4.5424 GBP

10p ordinary

SWAP

Decreasing Short

4,405

4.5442 GBP

10p ordinary

SWAP

Decreasing Short

4,540

4.5504 GBP

10p ordinary

SWAP

Decreasing Short

5,500

4.5396 GBP

10p ordinary

SWAP

Decreasing Short

9,982

4.5441 GBP

10p ordinary

SWAP

Decreasing Short

12,303

4.5432 GBP

10p ordinary

SWAP

Decreasing Short

17,400

4.5455 GBP

10p ordinary

SWAP

Decreasing Short

24,635

4.5412 GBP

10p ordinary

SWAP

Decreasing Short

29,218

4.5498 GBP

10p ordinary

SWAP

Decreasing Short

32,931

4.5301 GBP

10p ordinary

SWAP

Decreasing Short

55,726

4.5497 GBP

10p ordinary

CFD

Increasing Long

400

4.5306 GBP

10p ordinary

CFD

Increasing Long

1,100

4.5300 GBP

10p ordinary

CFD

Increasing Long

2,217

4.5413 GBP

10p ordinary

CFD

Increasing Long

2,592

4.5283 GBP

10p ordinary

CFD

Increasing Long

10,359

4.5308 GBP

10p ordinary

CFD

Increasing Long

52,387

4.5420 GBP

10p ordinary

SWAP

Increasing Short

27

4.5288 GBP

10p ordinary

SWAP

Increasing Short

89

4.5280 GBP

10p ordinary

SWAP

Increasing Short

247

4.5230 GBP

10p ordinary

SWAP

Increasing Short

482

4.5302 GBP

10p ordinary

SWAP

Increasing Short

571

4.5490 GBP

10p ordinary

SWAP

Increasing Short

820

4.5609 GBP

10p ordinary

SWAP

Increasing Short

957

4.5395 GBP

10p ordinary

SWAP

Increasing Short

1,235

4.5491 GBP

10p ordinary

SWAP

Increasing Short

1,325

4.5356 GBP

10p ordinary

SWAP

Increasing Short

1,546

4.5392 GBP

10p ordinary

SWAP

Increasing Short

2,087

4.5337 GBP

10p ordinary

SWAP

Increasing Short

2,179

4.5373 GBP

10p ordinary

SWAP

Increasing Short

2,467

4.5416 GBP

10p ordinary

SWAP

Increasing Short

2,893

4.5384 GBP

10p ordinary

SWAP

Increasing Short

4,007

4.5342 GBP

10p ordinary

SWAP

Increasing Short

6,449

4.5283 GBP

10p ordinary

SWAP

Increasing Short

8,374

4.5267 GBP

10p ordinary

SWAP

Increasing Short

10,694

4.5304 GBP

10p ordinary

SWAP

Increasing Short

11,822

4.5308 GBP

10p ordinary

SWAP

Increasing Short

29,730

4.5448 GBP

10p ordinary

SWAP

Increasing Short

39,690

4.5322 GBP

10p ordinary

SWAP

Increasing Short

42,295

4.5299 GBP

10p ordinary

SWAP

Increasing Short

79,936

4.5300 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:

12 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213