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:

12 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:

10,912,810

1.12%

6,186,907

0.63%

(2) Cash-settled derivatives:

5,335,680

0.55%

9,560,928

0.98%

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

0

0.00%

0

0.00%

TOTAL: 

16,248,490

1.67%

15,747,835

1.62%

(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

1795637

4.6713 GBP

4.5690 GBP

10p ordinary

Sale

1962783

4.6650 GBP

4.5690 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 Short

61

4.5888 GBP

10p ordinary

SWAP

Closing Short

446

4.5997 GBP

10p ordinary

SWAP

Closing Short

24,076

4.6000 GBP

10p ordinary

SWAP

Closing Short

41,193

4.6300 GBP

10p ordinary

SWAP

Closing Short

144,483

4.6000 GBP

10p ordinary

SWAP

Closing Short

238,336

4.5995 GBP

10p ordinary

SWAP

Decreasing Long

33

4.5929 GBP

10p ordinary

SWAP

Decreasing Long

68

4.5984 GBP

10p ordinary

SWAP

Decreasing Long

122

4.6713 GBP

10p ordinary

SWAP

Decreasing Long

125

4.5932 GBP

10p ordinary

SWAP

Decreasing Long

219

4.6092 GBP

10p ordinary

SWAP

Decreasing Long

261

4.5934 GBP

10p ordinary

SWAP

Decreasing Long

294

4.6646 GBP

10p ordinary

SWAP

Decreasing Long

361

4.6070 GBP

10p ordinary

SWAP

Decreasing Long

577

4.5939 GBP

10p ordinary

SWAP

Decreasing Long

608

4.5880 GBP

10p ordinary

SWAP

Decreasing Long

1,117

4.6339 GBP

10p ordinary

SWAP

Decreasing Long

1,593

4.6236 GBP

10p ordinary

SWAP

Decreasing Long

1,819

4.5919 GBP

10p ordinary

SWAP

Decreasing Long

2,002

4.5875 GBP

10p ordinary

SWAP

Decreasing Long

2,018

4.6010 GBP

10p ordinary

CFD

Decreasing Long

4,437

4.6000 GBP

10p ordinary

SWAP

Decreasing Long

4,802

4.6000 GBP

10p ordinary

SWAP

Decreasing Long

7,022

4.6061 GBP

10p ordinary

CFD

Decreasing Long

13,288

4.6003 GBP

10p ordinary

CFD

Decreasing Long

18,584

4.6289 GBP

10p ordinary

SWAP

Decreasing Long

23,500

4.5780 GBP

10p ordinary

CFD

Decreasing Long

24,044

4.6560 GBP

10p ordinary

SWAP

Decreasing Short

1,180

4.6123 GBP

10p ordinary

SWAP

Decreasing Short

2,089

4.5784 GBP

10p ordinary

SWAP

Decreasing Short

3,151

4.6358 GBP

10p ordinary

SWAP

Decreasing Short

3,651

4.6419 GBP

10p ordinary

SWAP

Decreasing Short

3,900

4.6189 GBP

10p ordinary

SWAP

Decreasing Short

6,209

4.5957 GBP

10p ordinary

SWAP

Decreasing Short

10,055

4.5916 GBP

10p ordinary

SWAP

Decreasing Short

15,425

4.5999 GBP

10p ordinary

SWAP

Decreasing Short

33,652

4.6010 GBP

10p ordinary

SWAP

Decreasing Short

37,181

4.6000 GBP

10p ordinary

SWAP

Decreasing Short

46,036

4.6113 GBP

10p ordinary

SWAP

Decreasing Short

118,163

4.6132 GBP

10p ordinary

CFD

Increasing Long

1,032

4.6483 GBP

10p ordinary

CFD

Increasing Long

1,200

4.6000 GBP

10p ordinary

CFD

Increasing Long

6,260

4.6705 GBP

10p ordinary

CFD

Increasing Long

6,326

4.6569 GBP

10p ordinary

CFD

Increasing Long

8,941

4.6570 GBP

10p ordinary

CFD

Increasing Long

11,167

4.5896 GBP

10p ordinary

CFD

Increasing Long

12,010

4.6389 GBP

10p ordinary

CFD

Increasing Long

13,288

4.6706 GBP

10p ordinary

SWAP

Increasing Long

594,100

4.6650 GBP

10p ordinary

SWAP

Increasing Short

176

4.5805 GBP

10p ordinary

SWAP

Increasing Short

234

4.5797 GBP

10p ordinary

SWAP

Increasing Short

313

4.6660 GBP

10p ordinary

SWAP

Increasing Short

509

4.5796 GBP

10p ordinary

SWAP

Increasing Short

937

4.5955 GBP

10p ordinary

SWAP

Increasing Short

2,985

4.5950 GBP

10p ordinary

SWAP

Increasing Short

3,654

4.6028 GBP

10p ordinary

SWAP

Increasing Short

4,911

4.6710 GBP

10p ordinary

SWAP

Increasing Short

8,261

4.6296 GBP

10p ordinary

SWAP

Increasing Short

8,740

4.6064 GBP

10p ordinary

SWAP

Increasing Short

10,151

4.6099 GBP

10p ordinary

SWAP

Increasing Short

11,369

4.6048 GBP

10p ordinary

SWAP

Increasing Short

12,723

4.6149 GBP

10p ordinary

SWAP

Increasing Short

22,782

4.5960 GBP

10p ordinary

SWAP

Increasing Short

31,453

4.5959 GBP

10p ordinary

SWAP

Increasing Short

32,646

4.6041 GBP

10p ordinary

SWAP

Increasing Short

34,996

4.5963 GBP

10p ordinary

SWAP

Increasing Short

40,320

4.6003 GBP

10p ordinary

SWAP

Increasing Short

42,517

4.6249 GBP

10p ordinary

SWAP

Increasing Short

60,434

4.5996 GBP

10p ordinary

SWAP

Increasing Short

82,665

4.6089 GBP

10p ordinary

SWAP

Increasing Short

162,252

4.6040 GBP

10p ordinary

SWAP

Increasing Short

205,139

4.6055 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:

15 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213