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Pin to quick picksBarratt Developments Regulatory News (BDEV)

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Announcement of Admission of New Barratt Shares

23 Aug 2024 08:10

RNS Number : 4822B
Barratt Developments PLC
23 August 2024
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

 

23 August 2024

 

RECOMMENDED ALL-SHARE OFFER FOR THE COMBINATION

of

BARRATT DEVELOPMENTS PLC ("Barratt")

and

REDROW PLC ("Redrow")

Admission of New Barratt Shares

Further to the joint announcement of Barratt and Redrow on 21 August 2024, Barratt is pleased to confirm that 476,309,120 new ordinary shares of £0.10 each in the capital of Barratt (the "New Barratt Shares") were admitted to listing on the Official List maintained by the Financial Conduct Authority (the "FCA") and to trading on the London Stock Exchange's main market for listed securities, with effect from 8.00 a.m. today, 23 August 2024.

Following the admission of the New Barratt Shares and in accordance with the FCA's Disclosure Guidance and Transparency Rules 5.6.1R and 5.6.1AR, Barratt hereby notifies the market that Barratt's issued share capital as at today, 23 August 2024, consists of 1,450,901,381 ordinary shares of £0.10 each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Barratt under the FCA's Disclosure Guidance and Transparency Rules.

A separate announcement is expected to be made regarding the cancellation of the listing and trading of Redrow's shares. 

Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the scheme document published on 19 April 2024 in relation to the Combination.

 

Enquiries:

Barratt

Mike Scott, Chief Financial Officer

John Messenger, Group Investor Relations Director

 

+44 (0) 20 7404 5959

 

UBS (Lead Financial Adviser, Sole Corporate Broker and Sponsor to Barratt)

Jonathan Retter

Joe Hannon

Anisah Mahomed

 

+44 (0) 20 7567 8000

Morgan Stanley (Financial Adviser to Barratt)

Shirav Patel

Nick White

 

+44 (0) 20 7425 8000

Brunswick group LLP (Public Relations Adviser to Barratt)

Jonathan Glass

Rosie Oddy

Peter Hesse

+44 (0) 20 7457 2045

 

Linklaters LLP is retained as legal adviser to Barratt.

 

Important notice

UBS AG London Branch ("UBS") is authorised and regulated by the Financial Market Supervisory Authority in Switzerland. It is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority in the United Kingdom. UBS is acting exclusively as sole corporate broker, lead financial adviser and sole sponsor to Barratt and no one else in connection with the Combination. In connection with such matters, UBS will not regard any other person as its client, nor will it be responsible to any other person for providing the protections afforded to its clients or for providing advice in relation to the Combination, the contents of this announcement or any other matter referred to herein.

Morgan Stanley & Co. International plc ("Morgan Stanley"), which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the UK is acting as financial adviser exclusively for Barratt and no one else in connection with the Combination. In connection with the Combination, Morgan Stanley, its affiliates and their respective directors, officers, employees and agents will not regard any other person as their client, nor will they be responsible to any person other than Barratt for providing the protections afforded to clients of Morgan Stanley or for providing advice in connection with any matter referred to herein.

Further information

This announcement is for information purposes only and does not constitute an offer to sell or an invitation to purchase any securities or the solicitation of an offer to buy any securities, pursuant to the Combination or otherwise.

This announcement does not constitute a prospectus or prospectus exempted document. The New Barratt Shares are not being offered to the public by means of this announcement.

This announcement has been prepared for the purpose of complying with English law and the City Code on Takeovers and Mergers (the "Code") and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws of jurisdictions outside England and Wales. The Combination will be subject to the applicable requirements of the Code, the Panel, the FCA and the London Stock Exchange.

Publication on Website

A copy of this announcement will be made available, subject to certain restrictions relating to persons resident in restricted jurisdictions, on Barratt's website at www.barrattdevelopments.co.uk by no later than 12 noon (London time) on 27 August 2024. For the avoidance of doubt, the contents of the website are not incorporated into and do not form part of this announcement.

Barratt Shareholders may, subject to applicable securities law, request a hard copy of this announcement by contacting Barratt's Registrars, Equiniti Group, between 8.30 a.m. and 5.30 p.m. Monday to Friday (except public holidays in England and Wales) on +44 371 384 2657 or by submitting a request in writing to Equiniti Group, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA.

If you are in any doubt as to the contents of this announcement, you should consult your stockbroker, bank manager, solicitor, accountant or other independent professional adviser who, if you are taking advice in the United Kingdom, is authorised pursuant to the Financial Services and Markets Act 2000 (as amended) or, if you are in a territory outside the United Kingdom, is an appropriately authorised independent financial adviser.

 

Barratt Developments plc's legal entity identifier is 2138006R85VEOF5YNK29.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCMZGZRKZLGDZM
Date   Source Headline
4th Oct 20242:51 pmRNSAnnouncement of Name Change and New Directors
4th Oct 202412:03 pmRNSCMA Clearance of Combination with Redrow plc
1st Oct 20249:56 amRNSTotal Voting Rights
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13th Sep 20247:07 amRNSDirector Declaration
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9th Sep 20247:00 amRNSLaunch of MADE Partnership
4th Sep 20247:00 amRNSAnnual Results for the year ended 30 June 2024
2nd Sep 20249:25 amRNSTotal Voting Rights
29th Aug 202410:31 amRNSHolding(s) in Company
27th Aug 20249:47 amRNSHolding(s) in Company
23rd Aug 20243:49 pmRNSForm 8.5 (EPT/RI)- Replacement of Barratt
23rd Aug 20243:27 pmRNSForm 8.5 (EPT/RI)- Replacement of Barratt
23rd Aug 20243:25 pmRNSForm 8.5 (EPT/RI)- Replacement of Barratt
23rd Aug 20243:20 pmRNSForm 8.3 - Barratt Developments plc
23rd Aug 20243:00 pmRNSForm 8.3 - Barratt Developments Plc
23rd Aug 20242:58 pmRNSForm 8.3 - Barratt Developments plc
23rd Aug 20242:44 pmRNSForm 8.3 - Barratt Developments plc
23rd Aug 202411:50 amRNSForm 8.5 (EPT/NON-RI) - Barratt Developments plc
23rd Aug 202411:47 amRNSForm 8.5 (EPT/NON-RI) BARRATT DEVELOPMENTS PLC
23rd Aug 202411:43 amGNWMan Group PLC : Form 8.3 - Barratt Developments plc
23rd Aug 202411:38 amRNSForm 8.5 (EPT/RI) - Barratt Developments plc
23rd Aug 202411:26 amRNSForm 8.3 - [Barratt Developments plc]
23rd Aug 202411:20 amRNSForm 8.3 - Barratt Developments plc
23rd Aug 20248:10 amRNSAnnouncement of Admission of New Barratt Shares
22nd Aug 20243:27 pmBUSForm 8.3 - Barratt Developments plc
22nd Aug 20243:25 pmRNSForm 8.3 - Barratt Developments Plc
22nd Aug 20243:20 pmRNSForm 8.3 - Barratt Developments plc
22nd Aug 20243:00 pmBUSForm 8.3 - Barratt Developments plc
22nd Aug 20242:55 pmRNSForm 8.3 - Barratt Developments plc
22nd Aug 20242:36 pmRNSForm 8.3 - Barratt Developments plc
22nd Aug 20242:34 pmRNSForm 8.3 - BARRATT DEVELOPMENTS
22nd Aug 20242:31 pmRNSForm 8.3 - Barratt Developments plc
22nd Aug 20242:25 pmRNSForm 8.3 - Redrow plc
22nd Aug 20242:14 pmRNSForm 8.3 - Barratt Developments PLC
22nd Aug 20241:48 pmEQSForm 8.3 - The Vanguard Group, Inc.: Barratt Developments plc
22nd Aug 202412:21 pmRNSForm 8.3 - Barratt Developments plc
22nd Aug 202412:10 pmRNSForm 8.3 - Barratt Developments plc
22nd Aug 202412:00 pmRNSForm 8.5 (EPT/RI) Barratt Developments PLC
22nd Aug 202411:57 amPRNForm 8.3 - Barratt Developments plc
22nd Aug 202411:54 amRNSForm 8.5 (EPT/NON-RI) - Barratt Developments plc
22nd Aug 202411:13 amRNSForm 8.5 (EPT/NON-RI) - Barratt Developments plc
22nd Aug 202410:54 amRNSForm 8.5 (EPT/RI) - Barratt Developments Plc
22nd Aug 202410:36 amRNSForm 8.3 - Barratt Developments plc
22nd Aug 202410:03 amBUSForm 8.3 - Barratt Developments plc
22nd Aug 20249:49 amGNWDimensional Fund Advisors Ltd. : Form 8.3 - BARRATT DEVELOPMENTS PLC - Ordinary Shares
22nd Aug 20249:43 amGNWMan Group PLC : Form 8.3 - Barratt Developments plc
22nd Aug 20248:51 amBUSForm 8.3 - BARRATT DEVELOPMENTS P L C
22nd Aug 20248:49 amRNSForm 8.5 (EPT/RI)-Barratt Developments plc

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