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:

20 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:

12,511,275

1.28%

5,335,389

0.55%

(2) Cash-settled derivatives:

4,385,589

0.45%

11,280,135

1.16%

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

0

0.00%

0

0.00%

TOTAL: 

16,896,864

1.73%

16,615,524

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

427239

5.2980 GBP

5.1845 GBP

10p ordinary

Sale

389734

5.2960 GBP

5.1845 GBP

ADR

Purchase

2

13.2400 USD

13.2400 USD

ADR

Sale

2

13.2400 USD

13.2400 USD

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10p ordinary

CFD

Decreasing Long

749

5.2384 GBP

10p ordinary

CFD

Decreasing Long

2,280

5.1860 GBP

10p ordinary

CFD

Decreasing Long

4,064

5.2077 GBP

10p ordinary

CFD

Decreasing Long

5,913

5.2099 GBP

10p ordinary

CFD

Decreasing Long

6,419

5.2139 GBP

10p ordinary

CFD

Decreasing Long

14,055

5.1864 GBP

10p ordinary

CFD

Decreasing Long

25,374

5.2589 GBP

10p ordinary

SWAP

Decreasing Short

100

5.2400 GBP

10p ordinary

SWAP

Decreasing Short

362

5.2564 GBP

10p ordinary

SWAP

Decreasing Short

480

5.2933 GBP

10p ordinary

SWAP

Decreasing Short

595

5.2682 GBP

10p ordinary

SWAP

Decreasing Short

1,117

5.2708 GBP

10p ordinary

SWAP

Decreasing Short

1,553

5.2903 GBP

10p ordinary

SWAP

Decreasing Short

2,009

5.2660 GBP

10p ordinary

SWAP

Decreasing Short

2,342

5.2939 GBP

10p ordinary

SWAP

Decreasing Short

2,342

5.2943 GBP

10p ordinary

SWAP

Decreasing Short

12,541

5.1892 GBP

10p ordinary

SWAP

Decreasing Short

26,177

5.2458 GBP

10p ordinary

SWAP

Decreasing Short

61,187

5.2467 GBP

10p ordinary

SWAP

Decreasing Short

90,776

5.2380 GBP

10p ordinary

SWAP

Increasing Long

8

5.2163 GBP

10p ordinary

SWAP

Increasing Long

17

5.1992 GBP

10p ordinary

SWAP

Increasing Long

34

5.2122 GBP

10p ordinary

SWAP

Increasing Long

37

5.1994 GBP

10p ordinary

SWAP

Increasing Long

52

5.2140 GBP

10p ordinary

SWAP

Increasing Long

54

5.2224 GBP

10p ordinary

SWAP

Increasing Long

67

5.2217 GBP

10p ordinary

SWAP

Increasing Long

80

5.2240 GBP

10p ordinary

SWAP

Increasing Long

129

5.2094 GBP

10p ordinary

SWAP

Increasing Long

188

5.1995 GBP

10p ordinary

SWAP

Increasing Long

213

5.2168 GBP

10p ordinary

CFD

Increasing Long

368

5.1936 GBP

10p ordinary

SWAP

Increasing Long

441

5.2181 GBP

10p ordinary

SWAP

Increasing Long

447

5.2180 GBP

10p ordinary

CFD

Increasing Long

478

5.2035 GBP

10p ordinary

SWAP

Increasing Long

683

5.2379 GBP

10p ordinary

CFD

Increasing Long

749

5.1855 GBP

10p ordinary

SWAP

Increasing Long

760

5.2114 GBP

10p ordinary

SWAP

Increasing Long

777

5.2095 GBP

10p ordinary

SWAP

Increasing Long

783

5.1957 GBP

10p ordinary

SWAP

Increasing Long

796

5.2225 GBP

10p ordinary

SWAP

Increasing Long

893

5.2097 GBP

10p ordinary

SWAP

Increasing Long

988

5.2189 GBP

10p ordinary

SWAP

Increasing Long

1,612

5.1993 GBP

10p ordinary

CFD

Increasing Long

1,814

5.2001 GBP

10p ordinary

SWAP

Increasing Long

2,409

5.2532 GBP

10p ordinary

SWAP

Increasing Long

2,738

5.1934 GBP

10p ordinary

SWAP

Increasing Long

6,532

5.2302 GBP

10p ordinary

SWAP

Increasing Long

9,742

5.2448 GBP

10p ordinary

CFD

Increasing Long

10,307

5.1859 GBP

10p ordinary

SWAP

Increasing Long

14,746

5.2125 GBP

10p ordinary

CFD

Increasing Long

17,347

5.2570 GBP

10p ordinary

SWAP

Increasing Long

23,938

5.1859 GBP

10p ordinary

SWAP

Increasing Short

364

5.1980 GBP

10p ordinary

SWAP

Increasing Short

467

5.2860 GBP

10p ordinary

SWAP

Increasing Short

705

5.2355 GBP

10p ordinary

SWAP

Increasing Short

1,712

5.2678 GBP

10p ordinary

SWAP

Increasing Short

1,936

5.2046 GBP

10p ordinary

SWAP

Increasing Short

3,234

5.2142 GBP

10p ordinary

SWAP

Increasing Short

4,904

5.2071 GBP

10p ordinary

SWAP

Increasing Short

5,238

5.2114 GBP

10p ordinary

SWAP

Increasing Short

10,470

5.1962 GBP

10p ordinary

SWAP

Increasing Short

11,150

5.1924 GBP

10p ordinary

SWAP

Increasing Short

11,184

5.2477 GBP

10p ordinary

SWAP

Increasing Short

23,441

5.1938 GBP

10p ordinary

SWAP

Increasing Short

27,735

5.1958 GBP

10p ordinary

SWAP

Increasing Short

37,638

5.1889 GBP

10p ordinary

SWAP

Increasing Short

113,392

5.1860 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:

21 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213