Barclays Regulatory News (BARC)

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

Replaces form released on 10:38 04/03/2024

RNS Number : 4654F

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:

01-Mar-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:

7,093,175

2.14%

2,568,679

0.77%

(2) Cash-settled derivatives:

1,310,930

0.39%

6,957,846

2.10%

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

0

0.00%

0

0.00%

8,404,105

2.53%

9,526,525

2.87%

 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

324659

6.6350 GBP

6.4925 GBP

10.5p ordinary

Sale

822562

6.6400 GBP

6.4923 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

Closing Short

717,281

6.5511 GBP

10.5p ordinary

SWAP

Decreasing Long

1,169

6.5653 GBP

10.5p ordinary

SWAP

Decreasing Long

1,296

6.5658 GBP

10.5p ordinary

SWAP

Decreasing Long

6,003

6.5699 GBP

10.5p ordinary

SWAP

Decreasing Long

14,651

6.5625 GBP

10.5p ordinary

SWAP

Decreasing Short

250

6.5050 GBP

10.5p ordinary

SWAP

Decreasing Short

458

6.5425 GBP

10.5p ordinary

SWAP

Decreasing Short

481

6.5975 GBP

10.5p ordinary

SWAP

Decreasing Short

502

6.5450 GBP

10.5p ordinary

SWAP

Decreasing Short

740

6.5950 GBP

10.5p ordinary

SWAP

Decreasing Short

825

6.4923 GBP

10.5p ordinary

SWAP

Decreasing Short

8,087

6.6008 GBP

10.5p ordinary

SWAP

Decreasing Short

8,991

6.5699 GBP

10.5p ordinary

SWAP

Decreasing Short

9,766

6.5675 GBP

10.5p ordinary

SWAP

Decreasing Short

10,185

6.5511 GBP

10.5p ordinary

SWAP

Decreasing Short

11,491

6.6350 GBP

10.5p ordinary

SWAP

Decreasing Short

13,434

6.6350 GBP

10.5p ordinary

SWAP

Decreasing Short

19,200

6.5876 GBP

10.5p ordinary

SWAP

Increasing Short

28

6.6275 GBP

10.5p ordinary

SWAP

Increasing Short

50

6.6325 GBP

10.5p ordinary

SWAP

Increasing Short

396

6.5372 GBP

10.5p ordinary

SWAP

Increasing Short

458

6.5425 GBP

10.5p ordinary

SWAP

Increasing Short

502

6.5450 GBP

10.5p ordinary

SWAP

Increasing Short

503

6.5632 GBP

10.5p ordinary

SWAP

Increasing Short

1,084

6.5641 GBP

10.5p ordinary

SWAP

Increasing Short

1,278

6.5234 GBP

10.5p ordinary

CFD

Increasing Short

1,849

6.5606 GBP

10.5p ordinary

SWAP

Increasing Short

4,833

6.5281 GBP

10.5p ordinary

CFD

Increasing Short

5,544

6.6350 GBP

10.5p ordinary

SWAP

Increasing Short

6,153

6.5170 GBP

10.5p ordinary

SWAP

Increasing Short

8,435

6.5470 GBP

10.5p ordinary

SWAP

Increasing Short

9,006

6.5516 GBP

10.5p ordinary

SWAP

Increasing Short

11,340

6.5542 GBP

10.5p ordinary

SWAP

Increasing Short

21,983

6.5821 GBP

10.5p ordinary

SWAP

Increasing Short

77,443

6.5806 GBP

10.5p ordinary

SWAP

Increasing Short

41,218

6.4832 GBP

10.5p ordinary

SWAP

Increasing Short

82,458

6.4832 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