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:

28 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:

6,469,801

0.66%

4,989,188

0.51%

(2) Cash-settled derivatives:

4,192,958

0.43%

4,871,236

0.50%

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

0

0.00%

0

0.00%

TOTAL: 

10,662,759

1.09%

9,860,424

1.01%

(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

1014338

4.7055 GBP

4.6235 GBP

10p ordinary

Sale

1373801

4.6890 GBP

4.6170 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

96,397

4.6399 GBP

10p ordinary

CFD

Decreasing Long

491

4.6403 GBP

10p ordinary

SWAP

Decreasing Long

5,300

4.6312 GBP

10p ordinary

CFD

Decreasing Long

5,697

4.6569 GBP

10p ordinary

CFD

Decreasing Long

9,964

4.6582 GBP

10p ordinary

CFD

Decreasing Long

17,027

4.6400 GBP

10p ordinary

CFD

Decreasing Long

23,521

4.6415 GBP

10p ordinary

SWAP

Decreasing Short

76

4.6689 GBP

10p ordinary

SWAP

Decreasing Short

646

4.6649 GBP

10p ordinary

SWAP

Decreasing Short

713

4.6496 GBP

10p ordinary

SWAP

Decreasing Short

952

4.6700 GBP

10p ordinary

SWAP

Decreasing Short

1,613

4.6274 GBP

10p ordinary

SWAP

Decreasing Short

2,725

4.6469 GBP

10p ordinary

SWAP

Decreasing Short

5,338

4.6400 GBP

10p ordinary

SWAP

Decreasing Short

6,367

4.6717 GBP

10p ordinary

SWAP

Decreasing Short

7,436

4.6679 GBP

10p ordinary

SWAP

Decreasing Short

106,330

4.6402 GBP

10p ordinary

CFD

Increasing Long

491

4.7056 GBP

10p ordinary

CFD

Increasing Long

1,548

4.6578 GBP

10p ordinary

CFD

Increasing Long

9,662

4.6279 GBP

10p ordinary

CFD

Increasing Long

11,319

4.6400 GBP

10p ordinary

CFD

Increasing Long

19,167

4.6371 GBP

10p ordinary

CFD

Increasing Long

19,821

4.6666 GBP

10p ordinary

CFD

Increasing Long

29,349

4.6396 GBP

10p ordinary

SWAP

Increasing Long

758,800

4.6740 GBP

10p ordinary

SWAP

Increasing Short

373

4.6617 GBP

10p ordinary

SWAP

Increasing Short

925

4.6360 GBP

10p ordinary

SWAP

Increasing Short

1,002

4.6642 GBP

10p ordinary

SWAP

Increasing Short

1,029

4.6308 GBP

10p ordinary

SWAP

Increasing Short

1,391

4.6230 GBP

10p ordinary

SWAP

Increasing Short

1,954

4.6478 GBP

10p ordinary

SWAP

Increasing Short

2,793

4.6322 GBP

10p ordinary

SWAP

Increasing Short

4,540

4.6474 GBP

10p ordinary

SWAP

Increasing Short

5,886

4.6377 GBP

10p ordinary

SWAP

Increasing Short

6,275

4.6211 GBP

10p ordinary

SWAP

Increasing Short

6,679

4.6278 GBP

10p ordinary

SWAP

Increasing Short

8,230

4.6286 GBP

10p ordinary

SWAP

Increasing Short

8,759

4.6405 GBP

10p ordinary

SWAP

Increasing Short

8,899

4.6293 GBP

10p ordinary

SWAP

Increasing Short

15,923

4.6350 GBP

10p ordinary

SWAP

Increasing Short

23,164

4.6491 GBP

10p ordinary

SWAP

Increasing Short

27,006

4.6235 GBP

10p ordinary

SWAP

Increasing Short

33,040

4.6401 GBP

10p ordinary

SWAP

Increasing Short

42,549

4.6279 GBP

10p ordinary

SWAP

Increasing Short

77,805

4.6276 GBP

10p ordinary

SWAP

Increasing Short

100,000

4.6311 GBP

10p ordinary

SWAP

Increasing Short

203,543

4.6287 GBP

10p ordinary

SWAP

Opening Long

17,500

4.6339 GBP

10p ordinary

SWAP

Opening Long

27,715

4.6412 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:

29 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213