Barclays Regulatory News (BARC)

FORM 8.5 (EPT/NON-RI) - Amendment to section 2a, 3a and 3b

Replaces form released on 11:48 21/02/2024

RNS Number : 9614D

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

REDROW PLC

 relevant securities this form relates:

(c)

Name of the party to the offer with which exempt

REDROW PLC

 principal trader is connected

(d)

Date position held/dealing undertaken:

20-Feb-24

(e)

In addition to the company in 1(b) above, is the exempt principal

YES:

 trader making disclosures in respect of any other party to the offer?

 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:

7,289,855

2.20%

2,681,566

0.81%

(2) Cash-settled derivatives:

1,353,648

0.40%

7,085,041

2.14%

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

0

0.00%

0

0.00%

8,643,503

2.60%

9,766,607

2.95%

 TOTAL:

(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

Purchase/sale

Total number of

Highest price per unit

Lowest price per unit

 security

 securities

 paid/received

 paid/received

10.5p ordinary

Purchase

393527

6.7550 GBP

6.6800 GBP

10.5p ordinary

Sale

189260

6.7599 GBP

6.6700 GBP

(b)

Cash-settled derivative transactions

Class of

Product description

Nature of dealing

Number of

Price per

 relevant

 reference

 unit

 security

 securities

10.5p ordinary

SWAP

Decreasing Long

114

6.7200 GBP

10.5p ordinary

SWAP

Decreasing Long

170

6.7140 GBP

10.5p ordinary

SWAP

Decreasing Long

360

6.7083 GBP

10.5p ordinary

SWAP

Decreasing Long

2,367

6.7081 GBP

10.5p ordinary

SWAP

Decreasing Short

100

6.7049 GBP

10.5p ordinary

SWAP

Decreasing Short

394

6.6700 GBP

10.5p ordinary

SWAP

Decreasing Short

1,473

6.7200 GBP

10.5p ordinary

SWAP

Decreasing Short

2,448

6.7075 GBP

10.5p ordinary

CFD

Decreasing Short

8,679

6.6800 GBP

10.5p ordinary

SWAP

Decreasing Short

10,532

6.7321 GBP

10.5p ordinary

SWAP

Decreasing Short

14,052

6.7205 GBP

10.5p ordinary

SWAP

Decreasing Short

19,554

6.7278 GBP

10.5p ordinary

SWAP

Decreasing Short

25,810

6.7285 GBP

10.5p ordinary

SWAP

Increasing Long

16

6.7599 GBP

10.5p ordinary

SWAP

Increasing Short

1

6.7200 GBP

10.5p ordinary

SWAP

Increasing Short

131

6.7000 GBP

10.5p ordinary

SWAP

Increasing Short

205

6.7150 GBP

10.5p ordinary

CFD

Increasing Short

310

6.6800 GBP

10.5p ordinary

SWAP

Increasing Short

350

6.7366 GBP

10.5p ordinary

SWAP

Increasing Short

644

6.7250 GBP

10.5p ordinary

SWAP

Increasing Short

689

6.7259 GBP

10.5p ordinary

SWAP

Increasing Short

913

6.7080 GBP

10.5p ordinary

SWAP

Increasing Short

920

6.7117 GBP

10.5p ordinary

CFD

Increasing Short

1,060

6.6809 GBP

10.5p ordinary

SWAP

Increasing Short

2,246

6.7311 GBP

10.5p ordinary

SWAP

Increasing Short

3,974

6.7119 GBP

10.5p ordinary

SWAP

Increasing Short

5,003

6.7301 GBP

10.5p ordinary

SWAP

Increasing Short

62,435

6.7285 GBP

10.5p ordinary

SWAP

Increasing Short

88,625

6.7291 GBP

10.5p ordinary

SWAP

Increasing Short

100,000

6.7154 GBP

10.5p ordinary

SWAP

Increasing Short

20,000

6.7210 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

 of

 description

 purchasing,

 of

 price

 date

 money

 relevant

 selling,

 securities

 per unit

 paid/

 security

 varying etc

 to which

 received

 option

 per unit

 relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

 security

 securities

 unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

 security

 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:

11-Apr-24

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213