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:

19 Apr 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:

13,372,726

1.37%

6,843,125

0.70%

(2) Cash-settled derivatives:

5,857,535

0.60%

11,361,434

1.17%

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

0

0.00%

0

0.00%

TOTAL: 

19,230,261

1.97%

18,204,559

1.87%

(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

1948429

4.4461 GBP

4.3888 GBP

10p ordinary

Sale

771689

4.4460 GBP

4.3930 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

3,479

4.4199 GBP

10p ordinary

SWAP

Closing Short

29,168

4.4152 GBP

10p ordinary

SWAP

Closing Short

41,628

4.4150 GBP

10p ordinary

SWAP

Decreasing Long

17

4.3888 GBP

10p ordinary

SWAP

Decreasing Long

22

4.3955 GBP

10p ordinary

SWAP

Decreasing Long

85

4.4359 GBP

10p ordinary

SWAP

Decreasing Long

119

4.4195 GBP

10p ordinary

SWAP

Decreasing Long

144

4.4430 GBP

10p ordinary

SWAP

Decreasing Long

173

4.4339 GBP

10p ordinary

SWAP

Decreasing Long

179

4.4204 GBP

10p ordinary

CFD

Decreasing Long

287

4.4071 GBP

10p ordinary

SWAP

Decreasing Long

759

4.4193 GBP

10p ordinary

SWAP

Decreasing Long

987

4.4361 GBP

10p ordinary

SWAP

Decreasing Long

1,149

4.4206 GBP

10p ordinary

SWAP

Decreasing Long

4,315

4.4225 GBP

10p ordinary

CFD

Decreasing Long

4,656

4.3930 GBP

10p ordinary

SWAP

Decreasing Long

5,944

4.4150 GBP

10p ordinary

SWAP

Decreasing Long

5,980

4.4218 GBP

10p ordinary

CFD

Decreasing Long

7,337

4.4054 GBP

10p ordinary

CFD

Decreasing Long

7,503

4.4315 GBP

10p ordinary

CFD

Decreasing Long

10,525

4.3970 GBP

10p ordinary

CFD

Decreasing Long

19,719

4.4153 GBP

10p ordinary

CFD

Decreasing Long

23,454

4.4150 GBP

10p ordinary

CFD

Decreasing Long

46,769

4.4134 GBP

10p ordinary

SWAP

Decreasing Short

114

4.4240 GBP

10p ordinary

SWAP

Decreasing Short

864

4.4083 GBP

10p ordinary

SWAP

Decreasing Short

1,320

4.4197 GBP

10p ordinary

SWAP

Decreasing Short

1,920

4.4339 GBP

10p ordinary

SWAP

Decreasing Short

2,379

4.4393 GBP

10p ordinary

SWAP

Decreasing Short

2,426

4.4146 GBP

10p ordinary

SWAP

Decreasing Short

2,637

4.3996 GBP

10p ordinary

SWAP

Decreasing Short

2,640

4.4185 GBP

10p ordinary

SWAP

Decreasing Short

3,068

4.4268 GBP

10p ordinary

SWAP

Decreasing Short

9,153

4.4316 GBP

10p ordinary

SWAP

Decreasing Short

16,099

4.4159 GBP

10p ordinary

SWAP

Decreasing Short

21,172

4.4213 GBP

10p ordinary

SWAP

Decreasing Short

23,412

4.4191 GBP

10p ordinary

SWAP

Decreasing Short

25,297

4.4123 GBP

10p ordinary

SWAP

Decreasing Short

39,368

4.4149 GBP

10p ordinary

SWAP

Decreasing Short

96,209

4.4153 GBP

10p ordinary

CFD

Increasing Long

27,891

4.4144 GBP

10p ordinary

CFD

Increasing Long

45,972

4.4069 GBP

10p ordinary

SWAP

Increasing Short

275

4.4089 GBP

10p ordinary

SWAP

Increasing Short

401

4.4108 GBP

10p ordinary

SWAP

Increasing Short

976

4.3920 GBP

10p ordinary

SWAP

Increasing Short

1,143

4.3951 GBP

10p ordinary

SWAP

Increasing Short

1,147

4.3910 GBP

10p ordinary

SWAP

Increasing Short

1,991

4.4025 GBP

10p ordinary

SWAP

Increasing Short

2,175

4.4196 GBP

10p ordinary

SWAP

Increasing Short

2,602

4.4010 GBP

10p ordinary

SWAP

Increasing Short

3,926

4.4148 GBP

10p ordinary

SWAP

Increasing Short

4,528

4.4054 GBP

10p ordinary

SWAP

Increasing Short

4,543

4.4275 GBP

10p ordinary

SWAP

Increasing Short

5,717

4.4138 GBP

10p ordinary

SWAP

Increasing Short

7,364

4.4051 GBP

10p ordinary

SWAP

Increasing Short

10,081

4.4117 GBP

10p ordinary

SWAP

Increasing Short

11,861

4.4072 GBP

10p ordinary

SWAP

Increasing Short

13,437

4.4117 GBP

10p ordinary

SWAP

Increasing Short

20,213

4.4037 GBP

10p ordinary

SWAP

Increasing Short

20,912

4.4085 GBP

10p ordinary

SWAP

Increasing Short

23,691

4.4084 GBP

10p ordinary

SWAP

Increasing Short

31,400

4.4179 GBP

10p ordinary

SWAP

Increasing Short

40,840

4.4157 GBP

10p ordinary

SWAP

Increasing Short

73,851

4.4164 GBP

10p ordinary

SWAP

Increasing Short

80,746

4.4155 GBP

10p ordinary

SWAP

Increasing Short

116,500

4.4199 GBP

10p ordinary

SWAP

Increasing Short

206,092

4.4145 GBP

10p ordinary

SWAP

Increasing Short

212,650

4.4150 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:

22 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213