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:

REDROW PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

REDROW PLC

(d)

Date position held/dealing undertaken:

29 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: BARRATT DEVELOPMENTS 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:

10.5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

7,625,224

2.31%

2,602,825

0.79%

(2) Cash-settled derivatives:

1,334,049

0.40%

7,484,976

2.26%

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

0

0.00%

0

0.00%

TOTAL: 

8,959,273

2.71%

10,087,801

3.05%

(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

10.5p ordinary

Purchase

1102068

6.4796 GBP

6.3674 GBP

10.5p ordinary

Sale

472290

6.4900 GBP

6.3975 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10.5p ordinary

SWAP

Closing Long

20

6.4050 GBP

10.5p ordinary

SWAP

Closing Long

577

6.3843 GBP

10.5p ordinary

SWAP

Closing Long

1,636

6.3674 GBP

10.5p ordinary

SWAP

Closing Long

2,649

6.4048 GBP

10.5p ordinary

SWAP

Closing Long

3,312

6.4096 GBP

10.5p ordinary

SWAP

Decreasing Long

105

6.4730 GBP

10.5p ordinary

SWAP

Decreasing Long

221

6.4717 GBP

10.5p ordinary

SWAP

Decreasing Long

270

6.4694 GBP

10.5p ordinary

SWAP

Decreasing Long

351

6.4696 GBP

10.5p ordinary

CFD

Decreasing Short

7

6.4057 GBP

10.5p ordinary

CFD

Decreasing Short

76

6.4050 GBP

10.5p ordinary

SWAP

Decreasing Short

125

6.4300 GBP

10.5p ordinary

SWAP

Decreasing Short

456

6.3998 GBP

10.5p ordinary

SWAP

Decreasing Short

2,922

6.4606 GBP

10.5p ordinary

SWAP

Decreasing Short

13,708

6.4615 GBP

10.5p ordinary

SWAP

Decreasing Short

18,357

6.4656 GBP

10.5p ordinary

SWAP

Decreasing Short

33,700

6.4075 GBP

10.5p ordinary

SWAP

Increasing Short

230

6.4462 GBP

10.5p ordinary

CFD

Increasing Short

498

6.4292 GBP

10.5p ordinary

SWAP

Increasing Short

585

6.4116 GBP

10.5p ordinary

SWAP

Increasing Short

655

6.4326 GBP

10.5p ordinary

CFD

Increasing Short

1,280

6.4050 GBP

10.5p ordinary

SWAP

Increasing Short

1,398

6.4429 GBP

10.5p ordinary

SWAP

Increasing Short

1,662

6.4262 GBP

10.5p ordinary

SWAP

Increasing Short

3,323

6.4255 GBP

10.5p ordinary

SWAP

Increasing Short

5,660

6.4375 GBP

10.5p ordinary

SWAP

Increasing Short

20,724

6.4247 GBP

10.5p ordinary

SWAP

Increasing Short

46,121

6.4314 GBP

10.5p ordinary

SWAP

Increasing Short

604,683

6.4050 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:

01 Mar 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213