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:

17 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:

12,446,852

1.28%

5,307,557

0.54%

(2) Cash-settled derivatives:

4,363,278

0.45%

11,228,146

1.15%

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

0

0.00%

0

0.00%

TOTAL: 

16,810,130

1.72%

16,535,703

1.70%

(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

552960

5.2800 GBP

5.1840 GBP

ADR

Purchase

46972

13.2691 USD

12.8100 USD

10p ordinary

Sale

1816981

5.2800 GBP

5.1798 GBP

ADR

Sale

1972

13.2691 USD

13.2691 USD

(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

147

5.2433 GBP

10p ordinary

SWAP

Closing Short

207

5.2019 GBP

10p ordinary

SWAP

Closing Short

291

5.2440 GBP

10p ordinary

CFD

Decreasing Long

1,522

5.1604 GBP

10p ordinary

CFD

Decreasing Long

30,000

5.2028 GBP

10p ordinary

CFD

Decreasing Long

38,637

5.2363 GBP

10p ordinary

CFD

Decreasing Long

41,808

5.2444 GBP

10p ordinary

CFD

Decreasing Long

55,423

5.2311 GBP

10p ordinary

CFD

Decreasing Long

67,283

5.2312 GBP

10p ordinary

SWAP

Decreasing Short

76

5.2419 GBP

10p ordinary

SWAP

Decreasing Short

266

5.2300 GBP

10p ordinary

SWAP

Decreasing Short

547

5.2262 GBP

10p ordinary

SWAP

Decreasing Short

789

5.2325 GBP

10p ordinary

SWAP

Decreasing Short

900

5.2402 GBP

10p ordinary

SWAP

Decreasing Short

1,143

5.2464 GBP

10p ordinary

SWAP

Decreasing Short

2,058

5.2154 GBP

10p ordinary

SWAP

Decreasing Short

3,027

5.2294 GBP

10p ordinary

SWAP

Decreasing Short

6,338

5.2344 GBP

10p ordinary

SWAP

Decreasing Short

7,185

5.2391 GBP

10p ordinary

SWAP

Decreasing Short

9,292

5.2439 GBP

10p ordinary

SWAP

Decreasing Short

11,065

5.2446 GBP

10p ordinary

SWAP

Decreasing Short

14,102

5.2423 GBP

10p ordinary

SWAP

Decreasing Short

14,583

5.2415 GBP

10p ordinary

SWAP

Decreasing Short

17,750

5.2222 GBP

10p ordinary

SWAP

Decreasing Short

20,663

5.2373 GBP

10p ordinary

SWAP

Decreasing Short

55,985

5.2440 GBP

10p ordinary

SWAP

Decreasing Short

76,944

5.2374 GBP

10p ordinary

SWAP

Decreasing Short

80,724

5.2406 GBP

10p ordinary

SWAP

Decreasing Short

130,680

5.2430 GBP

10p ordinary

SWAP

Decreasing Short

150,845

5.2409 GBP

10p ordinary

SWAP

Decreasing Short

186,670

5.2413 GBP

10p ordinary

SWAP

Decreasing Short

246,142

5.2393 GBP

10p ordinary

SWAP

Decreasing Short

283,926

5.2602 GBP

10p ordinary

CFD

Increasing Long

2,085

5.2028 GBP

10p ordinary

CFD

Increasing Long

3,494

5.2457 GBP

10p ordinary

CFD

Increasing Long

4,105

5.2411 GBP

10p ordinary

CFD

Increasing Long

4,791

5.2492 GBP

10p ordinary

CFD

Increasing Long

7,418

5.2292 GBP

10p ordinary

CFD

Increasing Long

10,938

5.2800 GBP

10p ordinary

CFD

Increasing Long

20,741

5.2453 GBP

10p ordinary

CFD

Increasing Long

48,927

5.2440 GBP

10p ordinary

CFD

Increasing Long

168,481

5.2795 GBP

10p ordinary

SWAP

Increasing Short

10

5.2500 GBP

10p ordinary

SWAP

Increasing Short

75

5.2369 GBP

10p ordinary

SWAP

Increasing Short

650

5.2452 GBP

10p ordinary

SWAP

Increasing Short

1,257

5.2420 GBP

10p ordinary

SWAP

Increasing Short

4,036

5.1985 GBP

10p ordinary

SWAP

Increasing Short

4,807

5.2308 GBP

10p ordinary

SWAP

Increasing Short

13,435

5.2440 GBP

10p ordinary

SWAP

Increasing Short

125,842

5.2521 GBP

10p ordinary

CFD

Opening Long

15,000

13.1300 USD

10p ordinary

CFD

Opening Long

15,000

12.8100 USD

(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:

20 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213