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:

13 May 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:

14,742,661

1.51%

5,279,737

0.54%

(2) Cash-settled derivatives:

4,477,862

0.46%

13,551,679

1.39%

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

0

0.00%

0

0.00%

TOTAL: 

19,220,523

1.97%

18,831,416

1.93%

(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

1447921

4.9541 GBP

4.9060 GBP

10p ordinary

Sale

591883

4.9560 GBP

4.9060 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

39

4.9369 GBP

10p ordinary

SWAP

Closing Short

1,108

4.9123 GBP

10p ordinary

SWAP

Closing Short

8,702

4.9200 GBP

10p ordinary

SWAP

Closing Short

10,957

4.9197 GBP

10p ordinary

SWAP

Decreasing Long

47

4.9140 GBP

10p ordinary

SWAP

Decreasing Long

54

4.9296 GBP

10p ordinary

SWAP

Decreasing Long

56

4.9157 GBP

10p ordinary

SWAP

Decreasing Long

77

4.9299 GBP

10p ordinary

SWAP

Decreasing Long

169

4.9454 GBP

10p ordinary

SWAP

Decreasing Long

177

4.9544 GBP

10p ordinary

SWAP

Decreasing Long

227

4.9227 GBP

10p ordinary

SWAP

Decreasing Long

257

4.9228 GBP

10p ordinary

SWAP

Decreasing Long

462

4.9322 GBP

10p ordinary

SWAP

Decreasing Long

508

4.9309 GBP

10p ordinary

SWAP

Decreasing Long

560

4.9330 GBP

10p ordinary

SWAP

Decreasing Long

634

4.9159 GBP

10p ordinary

SWAP

Decreasing Long

726

4.9444 GBP

10p ordinary

SWAP

Decreasing Long

741

4.9221 GBP

10p ordinary

SWAP

Decreasing Long

1,670

4.9390 GBP

10p ordinary

SWAP

Decreasing Long

1,748

4.9453 GBP

10p ordinary

SWAP

Decreasing Long

1,977

4.9452 GBP

10p ordinary

SWAP

Decreasing Long

2,033

4.9362 GBP

10p ordinary

SWAP

Decreasing Long

2,788

4.9246 GBP

10p ordinary

SWAP

Decreasing Long

4,057

4.9278 GBP

10p ordinary

SWAP

Decreasing Long

4,080

4.9438 GBP

10p ordinary

CFD

Decreasing Long

7,182

4.9203 GBP

10p ordinary

CFD

Decreasing Long

19,145

4.9131 GBP

10p ordinary

CFD

Decreasing Long

19,973

4.9204 GBP

10p ordinary

SWAP

Decreasing Long

23,292

4.9275 GBP

10p ordinary

SWAP

Decreasing Long

24,056

4.9282 GBP

10p ordinary

SWAP

Decreasing Long

49,375

4.9200 GBP

10p ordinary

SWAP

Decreasing Short

11

4.9519 GBP

10p ordinary

SWAP

Decreasing Short

14

4.9419 GBP

10p ordinary

SWAP

Decreasing Short

36

4.9538 GBP

10p ordinary

SWAP

Decreasing Short

47

4.9200 GBP

10p ordinary

SWAP

Decreasing Short

563

4.9560 GBP

10p ordinary

SWAP

Decreasing Short

767

4.9174 GBP

10p ordinary

SWAP

Decreasing Short

1,083

4.9265 GBP

10p ordinary

SWAP

Decreasing Short

1,397

4.9399 GBP

10p ordinary

SWAP

Decreasing Short

1,788

4.9212 GBP

10p ordinary

SWAP

Decreasing Short

1,899

4.9063 GBP

10p ordinary

SWAP

Decreasing Short

4,422

4.9226 GBP

10p ordinary

SWAP

Decreasing Short

10,500

4.9487 GBP

10p ordinary

SWAP

Decreasing Short

11,713

4.9485 GBP

10p ordinary

SWAP

Decreasing Short

52,190

4.9315 GBP

10p ordinary

CFD

Increasing Long

968

4.9357 GBP

10p ordinary

CFD

Increasing Long

1,652

4.9059 GBP

10p ordinary

CFD

Increasing Long

12,964

4.9421 GBP

10p ordinary

CFD

Increasing Long

16,525

4.9200 GBP

10p ordinary

SWAP

Increasing Short

550

4.9360 GBP

10p ordinary

SWAP

Increasing Short

762

4.9215 GBP

10p ordinary

SWAP

Increasing Short

1,458

4.9407 GBP

10p ordinary

SWAP

Increasing Short

2,725

4.9306 GBP

10p ordinary

SWAP

Increasing Short

3,675

4.9190 GBP

10p ordinary

SWAP

Increasing Short

4,508

4.9271 GBP

10p ordinary

SWAP

Increasing Short

6,341

4.9236 GBP

10p ordinary

SWAP

Increasing Short

6,651

4.9224 GBP

10p ordinary

SWAP

Increasing Short

9,015

4.9288 GBP

10p ordinary

SWAP

Increasing Short

10,273

4.9396 GBP

10p ordinary

SWAP

Increasing Short

11,155

4.9369 GBP

10p ordinary

SWAP

Increasing Short

12,963

4.9344 GBP

10p ordinary

SWAP

Increasing Short

15,173

4.9152 GBP

10p ordinary

SWAP

Increasing Short

23,110

4.9341 GBP

10p ordinary

SWAP

Increasing Short

24,509

4.9323 GBP

10p ordinary

SWAP

Increasing Short

25,015

4.9204 GBP

10p ordinary

SWAP

Increasing Short

32,812

4.9275 GBP

10p ordinary

SWAP

Increasing Short

50,000

4.9219 GBP

10p ordinary

SWAP

Increasing Short

60,191

4.9244 GBP

10p ordinary

SWAP

Increasing Short

81,404

4.9098 GBP

10p ordinary

SWAP

Increasing Short

153,129

4.9458 GBP

10p ordinary

SWAP

Increasing Short

243,251

4.9200 GBP

10p ordinary

SWAP

Opening Short

31

4.9151 GBP

10p ordinary

SWAP

Opening Short

1,869

4.9319 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:

14 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213