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:

15 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:

10,850,878

1.11%

6,720,531

0.69%

(2) Cash-settled derivatives:

5,875,285

0.60%

9,516,049

0.98%

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

0

0.00%

0

0.00%

TOTAL: 

16,726,163

1.72%

16,236,580

1.67%

(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

1045018

4.6550 GBP

4.5816 GBP

10p ordinary

Sale

1639048

4.6540 GBP

4.5816 GBP

ADR

Purchase

500

11.4700 USD

11.4700 USD

ADR

Sale

500

11.4700 USD

11.4700 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 Long

347

4.6112 GBP

10p ordinary

CFD

Decreasing Long

731

4.5833 GBP

10p ordinary

CFD

Decreasing Long

3,710

4.6067 GBP

10p ordinary

CFD

Decreasing Long

4,028

4.5838 GBP

10p ordinary

CFD

Decreasing Long

13,857

4.6141 GBP

10p ordinary

SWAP

Decreasing Long

17,005

4.6188 GBP

10p ordinary

SWAP

Decreasing Long

50,595

4.6405 GBP

10p ordinary

SWAP

Decreasing Short

135

4.5874 GBP

10p ordinary

SWAP

Decreasing Short

293

4.6213 GBP

10p ordinary

SWAP

Decreasing Short

296

4.6110 GBP

10p ordinary

SWAP

Decreasing Short

2,698

4.6107 GBP

10p ordinary

SWAP

Decreasing Short

2,849

4.6222 GBP

10p ordinary

SWAP

Decreasing Short

3,031

4.6186 GBP

10p ordinary

SWAP

Decreasing Short

3,064

4.6334 GBP

10p ordinary

SWAP

Decreasing Short

10,783

4.6290 GBP

10p ordinary

SWAP

Decreasing Short

13,767

4.6272 GBP

10p ordinary

SWAP

Decreasing Short

14,439

4.6198 GBP

10p ordinary

SWAP

Decreasing Short

26,016

4.6180 GBP

10p ordinary

SWAP

Decreasing Short

35,280

4.5826 GBP

10p ordinary

SWAP

Decreasing Short

36,931

4.5850 GBP

10p ordinary

SWAP

Decreasing Short

89,753

4.5829 GBP

10p ordinary

CFD

Increasing Long

1,231

4.6146 GBP

10p ordinary

CFD

Increasing Long

1,591

4.5945 GBP

10p ordinary

CFD

Increasing Long

7,415

4.5874 GBP

10p ordinary

CFD

Increasing Long

8,158

4.6154 GBP

10p ordinary

CFD

Increasing Long

8,883

4.6235 GBP

10p ordinary

SWAP

Increasing Long

602,600

4.5940 GBP

10p ordinary

SWAP

Increasing Short

312

4.6189 GBP

10p ordinary

SWAP

Increasing Short

349

4.5890 GBP

10p ordinary

SWAP

Increasing Short

420

4.6318 GBP

10p ordinary

SWAP

Increasing Short

512

4.5978 GBP

10p ordinary

SWAP

Increasing Short

750

4.6114 GBP

10p ordinary

SWAP

Increasing Short

764

4.6083 GBP

10p ordinary

SWAP

Increasing Short

1,276

4.6058 GBP

10p ordinary

SWAP

Increasing Short

1,335

4.5871 GBP

10p ordinary

SWAP

Increasing Short

2,280

4.6048 GBP

10p ordinary

SWAP

Increasing Short

2,343

4.6049 GBP

10p ordinary

SWAP

Increasing Short

2,454

4.6116 GBP

10p ordinary

SWAP

Increasing Short

2,629

4.6222 GBP

10p ordinary

SWAP

Increasing Short

3,793

4.5869 GBP

10p ordinary

SWAP

Increasing Short

5,980

4.5964 GBP

10p ordinary

SWAP

Increasing Short

7,753

4.5968 GBP

10p ordinary

SWAP

Increasing Short

10,277

4.5830 GBP

10p ordinary

SWAP

Increasing Short

13,029

4.6041 GBP

10p ordinary

SWAP

Increasing Short

54,499

4.5830 GBP

10p ordinary

SWAP

Increasing Short

83,601

4.6116 GBP

10p ordinary

SWAP

Opening Short

2

4.5850 GBP

10p ordinary

SWAP

Opening Short

6

4.6000 GBP

10p ordinary

SWAP

Opening Short

104

4.5832 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:

16 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213