Barratt Developments Regulatory News (BDEV)

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:

05 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:

9,627,336

0.99%

5,633,360

0.58%

(2) Cash-settled derivatives:

4,766,862

0.49%

8,251,749

0.85%

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

0

0.00%

0

0.00%

TOTAL: 

14,394,198

1.48%

13,885,109

1.42%

(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

490468

4.6770 GBP

4.6470 GBP

10p ordinary

Sale

588711

4.6810 GBP

4.6459 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 Long

1

4.6464 GBP

10p ordinary

SWAP

Closing Long

36

4.6459 GBP

10p ordinary

SWAP

Closing Long

161

4.6592 GBP

10p ordinary

SWAP

Closing Long

7,103

4.6549 GBP

10p ordinary

SWAP

Decreasing Long

451

4.6733 GBP

10p ordinary

CFD

Decreasing Long

752

4.6553 GBP

10p ordinary

CFD

Decreasing Long

2,000

4.6523 GBP

10p ordinary

SWAP

Decreasing Long

2,140

4.6724 GBP

10p ordinary

CFD

Decreasing Long

2,230

4.6583 GBP

10p ordinary

SWAP

Decreasing Long

4,984

4.6734 GBP

10p ordinary

CFD

Decreasing Long

8,413

4.6550 GBP

10p ordinary

CFD

Decreasing Long

17,895

4.6626 GBP

10p ordinary

SWAP

Decreasing Short

2,925

4.6806 GBP

10p ordinary

SWAP

Decreasing Short

3,255

4.6668 GBP

10p ordinary

SWAP

Decreasing Short

14,664

4.6642 GBP

10p ordinary

SWAP

Decreasing Short

19,556

4.6556 GBP

10p ordinary

SWAP

Decreasing Short

27,636

4.6639 GBP

10p ordinary

SWAP

Decreasing Short

53,688

4.6651 GBP

10p ordinary

SWAP

Decreasing Short

53,729

4.6550 GBP

10p ordinary

SWAP

Decreasing Short

104,654

4.6554 GBP

10p ordinary

CFD

Increasing Long

1

4.6600 GBP

10p ordinary

CFD

Increasing Long

752

4.6576 GBP

10p ordinary

CFD

Increasing Long

843

4.6550 GBP

10p ordinary

CFD

Increasing Long

6,826

4.6674 GBP

10p ordinary

SWAP

Increasing Long

11,155

4.6691 GBP

10p ordinary

CFD

Increasing Long

13,653

4.6583 GBP

10p ordinary

CFD

Increasing Long

15,113

4.6754 GBP

10p ordinary

CFD

Increasing Long

39,390

4.6683 GBP

10p ordinary

SWAP

Increasing Short

51

4.6519 GBP

10p ordinary

SWAP

Increasing Short

218

4.6770 GBP

10p ordinary

SWAP

Increasing Short

620

4.6662 GBP

10p ordinary

SWAP

Increasing Short

925

4.6667 GBP

10p ordinary

SWAP

Increasing Short

2,040

4.6734 GBP

10p ordinary

SWAP

Increasing Short

2,467

4.6765 GBP

10p ordinary

SWAP

Increasing Short

5,771

4.6552 GBP

10p ordinary

SWAP

Increasing Short

20,296

4.6546 GBP

10p ordinary

SWAP

Increasing Short

21,500

4.6756 GBP

10p ordinary

SWAP

Increasing Short

29,011

4.6576 GBP

10p ordinary

SWAP

Increasing Short

40,560

4.6683 GBP

10p ordinary

SWAP

Increasing Short

70,560

4.6553 GBP

10p ordinary

SWAP

Opening Short

263

4.6582 GBP

10p ordinary

SWAP

Opening Short

341

4.6530 GBP

10p ordinary

SWAP

Opening Short

1,136

4.6600 GBP

10p ordinary

SWAP

Opening Short

1,189

4.6722 GBP

10p ordinary

SWAP

Opening Short

1,519

4.6614 GBP

10p ordinary

SWAP

Opening Short

1,774

4.6550 GBP

10p ordinary

SWAP

Opening Short

1,788

4.6698 GBP

10p ordinary

SWAP

Opening Short

3,989

4.6608 GBP

10p ordinary

SWAP

Opening Short

4,304

4.6632 GBP

10p ordinary

SWAP

Opening Short

9,825

4.6563 GBP

10p ordinary

SWAP

Opening Short

12,347

4.6650 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:

08 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213