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:

07 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:

4,079,791

1.23%

3,025,717

0.91%

(2) Cash-settled derivatives:

1,781,199

0.54%

3,866,692

1.17%

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

0

0.00%

0

0.00%

TOTAL: 

5,860,990

1.77%

6,892,409

2.08%

(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

2040280

7.0000 GBP

6.7286 GBP

10.5p ordinary

Sale

1937768

6.9982 GBP

6.6500 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

Opening Long

483

6.8068 GBP

10.5p ordinary

SWAP

Opening Long

501

6.7829 GBP

10.5p ordinary

SWAP

Opening Long

1,584

6.9200 GBP

10.5p ordinary

SWAP

Opening Long

2,250

6.9654 GBP

10.5p ordinary

SWAP

Opening Long

2,556

6.8183 GBP

10.5p ordinary

SWAP

Opening Long

3,799

6.8547 GBP

10.5p ordinary

SWAP

Opening Long

3,881

6.7915 GBP

10.5p ordinary

SWAP

Opening Long

3,942

6.7768 GBP

10.5p ordinary

SWAP

Opening Long

6,549

6.8106 GBP

10.5p ordinary

SWAP

Opening Long

7,420

6.8576 GBP

10.5p ordinary

SWAP

Opening Long

7,453

6.7920 GBP

10.5p ordinary

SWAP

Opening Long

7,540

6.7851 GBP

10.5p ordinary

SWAP

Opening Long

10,094

6.9029 GBP

10.5p ordinary

SWAP

Opening Long

11,037

6.8180 GBP

10.5p ordinary

SWAP

Opening Long

12,606

6.8834 GBP

10.5p ordinary

SWAP

Opening Long

15,525

6.8497 GBP

10.5p ordinary

SWAP

Opening Long

18,909

6.9137 GBP

10.5p ordinary

SWAP

Opening Long

22,413

6.8475 GBP

10.5p ordinary

SWAP

Opening Long

23,154

6.8051 GBP

10.5p ordinary

SWAP

Opening Long

35,296

6.8849 GBP

10.5p ordinary

SWAP

Opening Long

41,390

6.8392 GBP

10.5p ordinary

SWAP

Opening Long

46,189

6.8068 GBP

10.5p ordinary

SWAP

Opening Long

50,000

6.8734 GBP

10.5p ordinary

SWAP

Opening Long

50,000

6.7740 GBP

10.5p ordinary

SWAP

Opening Long

56,751

6.8737 GBP

10.5p ordinary

SWAP

Opening Long

81,284

6.8761 GBP

10.5p ordinary

SWAP

Opening Long

87,182

6.8143 GBP

10.5p ordinary

SWAP

Opening Long

110,305

6.8699 GBP

10.5p ordinary

SWAP

Opening Long

112,329

6.8105 GBP

10.5p ordinary

SWAP

Opening Long

124,610

6.8090 GBP

10.5p ordinary

SWAP

Opening Long

150,000

6.8172 GBP

10.5p ordinary

SWAP

Opening Long

159,369

6.8701 GBP

10.5p ordinary

SWAP

Opening Long

205,431

6.8850 GBP

10.5p ordinary

SWAP

Opening Long

300,000

6.8145 GBP

10.5p ordinary

CFD

Opening Short

86

6.8850 GBP

10.5p ordinary

SWAP

Opening Short

195

6.9594 GBP

10.5p ordinary

SWAP

Opening Short

214

6.9982 GBP

10.5p ordinary

SWAP

Opening Short

264

6.9945 GBP

10.5p ordinary

SWAP

Opening Short

644

6.7790 GBP

10.5p ordinary

SWAP

Opening Short

697

6.9602 GBP

10.5p ordinary

SWAP

Opening Short

741

6.6597 GBP

10.5p ordinary

SWAP

Opening Short

888

6.9856 GBP

10.5p ordinary

SWAP

Opening Short

990

6.8207 GBP

10.5p ordinary

SWAP

Opening Short

2,034

6.9110 GBP

10.5p ordinary

CFD

Opening Short

3,060

6.7718 GBP

10.5p ordinary

SWAP

Opening Short

3,422

6.7900 GBP

10.5p ordinary

SWAP

Opening Short

4,468

6.7749 GBP

10.5p ordinary

SWAP

Opening Short

4,943

6.8475 GBP

10.5p ordinary

SWAP

Opening Short

5,815

6.7881 GBP

10.5p ordinary

SWAP

Opening Short

6,317

6.6892 GBP

10.5p ordinary

SWAP

Opening Short

6,619

6.7178 GBP

10.5p ordinary

SWAP

Opening Short

6,630

6.9964 GBP

10.5p ordinary

SWAP

Opening Short

6,731

6.7914 GBP

10.5p ordinary

SWAP

Opening Short

7,570

6.6748 GBP

10.5p ordinary

SWAP

Opening Short

9,759

6.8317 GBP

10.5p ordinary

SWAP

Opening Short

9,840

6.9362 GBP

10.5p ordinary

SWAP

Opening Short

10,746

6.7065 GBP

10.5p ordinary

SWAP

Opening Short

11,589

6.8633 GBP

10.5p ordinary

SWAP

Opening Short

11,834

6.7117 GBP

10.5p ordinary

SWAP

Opening Short

12,094

6.8371 GBP

10.5p ordinary

SWAP

Opening Short

12,632

6.6634 GBP

10.5p ordinary

SWAP

Opening Short

12,800

6.8286 GBP

10.5p ordinary

SWAP

Opening Short

14,187

6.7209 GBP

10.5p ordinary

SWAP

Opening Short

19,202

7.0000 GBP

10.5p ordinary

SWAP

Opening Short

19,915

6.9965 GBP

10.5p ordinary

CFD

Opening Short

21,236

6.7628 GBP

10.5p ordinary

SWAP

Opening Short

22,730

6.8349 GBP

10.5p ordinary

SWAP

Opening Short

22,842

6.8212 GBP

10.5p ordinary

SWAP

Opening Short

24,628

6.9565 GBP

10.5p ordinary

SWAP

Opening Short

25,287

6.8694 GBP

10.5p ordinary

SWAP

Opening Short

32,677

6.8028 GBP

10.5p ordinary

SWAP

Opening Short

32,700

6.7542 GBP

10.5p ordinary

SWAP

Opening Short

37,511

6.8227 GBP

10.5p ordinary

SWAP

Opening Short

39,828

6.8670 GBP

10.5p ordinary

SWAP

Opening Short

45,783

6.8090 GBP

10.5p ordinary

SWAP

Opening Short

53,470

6.7156 GBP

10.5p ordinary

SWAP

Opening Short

70,000

6.8855 GBP

10.5p ordinary

SWAP

Opening Short

84,922

6.8815 GBP

10.5p ordinary

SWAP

Opening Short

86,315

6.8081 GBP

10.5p ordinary

CFD

Opening Short

106,160

6.8850 GBP

10.5p ordinary

CFD

Opening Short

148,485

6.7757 GBP

10.5p ordinary

CFD

Opening Short

164,144

6.8749 GBP

10.5p ordinary

CFD

Opening Short

211,331

6.8730 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:

08 Feb 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213