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:

09 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:

9,680,565

0.99%

5,591,147

0.57%

(2) Cash-settled derivatives:

4,751,169

0.49%

8,327,819

0.85%

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

0

0.00%

0

0.00%

TOTAL: 

14,431,734

1.48%

13,918,966

1.43%

(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

519025

4.6766 GBP

4.6400 GBP

10p ordinary

Sale

329923

4.6710 GBP

4.6360 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

10

4.6499 GBP

10p ordinary

SWAP

Closing Long

27

4.6669 GBP

10p ordinary

SWAP

Closing Long

56

4.6637 GBP

10p ordinary

SWAP

Closing Long

60

4.6739 GBP

10p ordinary

SWAP

Closing Long

152

4.6626 GBP

10p ordinary

SWAP

Closing Long

650

4.6632 GBP

10p ordinary

SWAP

Closing Long

2,315

4.6560 GBP

10p ordinary

SWAP

Decreasing Long

15

4.6547 GBP

10p ordinary

SWAP

Decreasing Long

23

4.6667 GBP

10p ordinary

SWAP

Decreasing Long

62

4.6563 GBP

10p ordinary

SWAP

Decreasing Long

64

4.6637 GBP

10p ordinary

CFD

Decreasing Long

65

4.6532 GBP

10p ordinary

SWAP

Decreasing Long

72

4.6600 GBP

10p ordinary

SWAP

Decreasing Long

154

4.6550 GBP

10p ordinary

CFD

Decreasing Long

200

4.6439 GBP

10p ordinary

SWAP

Decreasing Long

328

4.6634 GBP

10p ordinary

SWAP

Decreasing Long

1,280

4.6656 GBP

10p ordinary

SWAP

Decreasing Long

2,440

4.6621 GBP

10p ordinary

SWAP

Decreasing Long

2,945

4.6766 GBP

10p ordinary

CFD

Decreasing Long

4,284

4.6559 GBP

10p ordinary

SWAP

Decreasing Long

4,293

4.6543 GBP

10p ordinary

CFD

Decreasing Long

5,304

4.6647 GBP

10p ordinary

SWAP

Decreasing Long

8,063

4.6646 GBP

10p ordinary

SWAP

Decreasing Long

24,603

4.6605 GBP

10p ordinary

SWAP

Decreasing Long

27,216

4.6560 GBP

10p ordinary

SWAP

Decreasing Short

3

4.6573 GBP

10p ordinary

SWAP

Decreasing Short

507

4.6692 GBP

10p ordinary

SWAP

Decreasing Short

1,516

4.6635 GBP

10p ordinary

SWAP

Decreasing Short

1,688

4.6572 GBP

10p ordinary

SWAP

Decreasing Short

3,653

4.6614 GBP

10p ordinary

SWAP

Decreasing Short

5,502

4.6650 GBP

10p ordinary

SWAP

Decreasing Short

11,472

4.6602 GBP

10p ordinary

SWAP

Decreasing Short

25,082

4.6581 GBP

10p ordinary

SWAP

Decreasing Short

49,682

4.6560 GBP

10p ordinary

SWAP

Decreasing Short

54,120

4.6560 GBP

10p ordinary

CFD

Increasing Long

2,336

4.6560 GBP

10p ordinary

CFD

Increasing Long

8,267

4.6515 GBP

10p ordinary

CFD

Increasing Long

16,804

4.6610 GBP

10p ordinary

SWAP

Increasing Short

163

4.6550 GBP

10p ordinary

SWAP

Increasing Short

178

4.6720 GBP

10p ordinary

SWAP

Increasing Short

271

4.6647 GBP

10p ordinary

SWAP

Increasing Short

670

4.6655 GBP

10p ordinary

SWAP

Increasing Short

1,012

4.6664 GBP

10p ordinary

SWAP

Increasing Short

1,274

4.6696 GBP

10p ordinary

SWAP

Increasing Short

2,105

4.6562 GBP

10p ordinary

SWAP

Increasing Short

2,716

4.6672 GBP

10p ordinary

SWAP

Increasing Short

11,923

4.6594 GBP

10p ordinary

SWAP

Increasing Short

13,265

4.6601 GBP

10p ordinary

SWAP

Increasing Short

13,714

4.6575 GBP

10p ordinary

SWAP

Increasing Short

16,073

4.6644 GBP

10p ordinary

SWAP

Increasing Short

27,907

4.6600 GBP

10p ordinary

SWAP

Increasing Short

53,509

4.6602 GBP

10p ordinary

SWAP

Opening Short

3,367

4.6645 GBP

10p ordinary

SWAP

Opening Short

3,385

4.6672 GBP

10p ordinary

SWAP

Opening Short

5,226

4.6662 GBP

10p ordinary

SWAP

Opening Short

6,612

4.6647 GBP

10p ordinary

SWAP

Opening Short

7,281

4.6649 GBP

10p ordinary

SWAP

Opening Short

7,362

4.6560 GBP

10p ordinary

SWAP

Opening Short

9,045

4.6613 GBP

10p ordinary

SWAP

Opening Short

11,873

4.6617 GBP

10p ordinary

SWAP

Opening Short

13,685

4.6635 GBP

10p ordinary

SWAP

Opening Short

22,209

4.6577 GBP

10p ordinary

SWAP

Opening Short

25,279

4.6598 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:

10 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213