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 Jul 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:

11,158,493

1.14%

6,617,651

0.68%

(2) Cash-settled derivatives:

5,665,983

0.58%

9,875,821

1.01%

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

0

0.00%

0

0.00%

TOTAL: 

16,824,476

1.73%

16,493,472

1.69%

(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

1668931

5.1040 GBP

4.9880 GBP

10p ordinary

Sale

1884519

5.1069 GBP

4.9977 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

Increasing Long

347

5.0202 GBP

10p ordinary

SWAP

Increasing Long

6

5.0374 GBP

10p ordinary

SWAP

Increasing Long

1,455

5.0403 GBP

10p ordinary

SWAP

Increasing Long

2,261

5.0405 GBP

10p ordinary

SWAP

Increasing Long

14,494

5.0441 GBP

10p ordinary

SWAP

Increasing Long

535

5.0468 GBP

10p ordinary

SWAP

Increasing Long

3,080

5.0635 GBP

10p ordinary

SWAP

Increasing Long

1,171

5.0691 GBP

10p ordinary

SWAP

Increasing Long

2,711

5.0861 GBP

10p ordinary

SWAP

Increasing Long

1,817

5.0876 GBP

10p ordinary

CFD

Decreasing Short

5,404

5.0376 GBP

10p ordinary

CFD

Decreasing Short

77,973

5.0481 GBP

10p ordinary

CFD

Opening Long

17,001

5.0871 GBP

10p ordinary

CFD

Opening Short

39,126

5.0400 GBP

10p ordinary

CFD

Increasing Short

78,038

5.0404 GBP

10p ordinary

CFD

Increasing Short

38,847

5.0582 GBP

10p ordinary

SWAP

Increasing Short

6,832

5.0611 GBP

10p ordinary

SWAP

Increasing Short

5

5.0940 GBP

10p ordinary

SWAP

Decreasing Short

155,176

5.0727 GBP

10p ordinary

SWAP

Decreasing Short

1,498

5.1034 GBP

10p ordinary

SWAP

Increasing Long

279

5.0637 GBP

10p ordinary

SWAP

Increasing Long

756

5.0677 GBP

10p ordinary

SWAP

Increasing Long

82

5.0685 GBP

10p ordinary

SWAP

Increasing Long

588

5.0700 GBP

10p ordinary

SWAP

Increasing Long

770

5.0736 GBP

10p ordinary

SWAP

Increasing Long

1,989

5.0737 GBP

10p ordinary

SWAP

Increasing Long

1

5.0771 GBP

10p ordinary

SWAP

Increasing Long

728

5.0777 GBP

10p ordinary

SWAP

Increasing Long

704

5.0797 GBP

10p ordinary

SWAP

Increasing Long

352

5.0826 GBP

10p ordinary

SWAP

Increasing Long

330

5.0856 GBP

10p ordinary

SWAP

Increasing Long

456

5.0869 GBP

10p ordinary

SWAP

Increasing Long

17,304

5.0870 GBP

10p ordinary

SWAP

Increasing Long

1,453

5.0901 GBP

10p ordinary

SWAP

Decreasing Long

2,259

5.0431 GBP

10p ordinary

SWAP

Decreasing Long

12,620

5.0441 GBP

10p ordinary

SWAP

Decreasing Short

21

4.9550 GBP

10p ordinary

SWAP

Decreasing Short

96

5.0240 GBP

10p ordinary

SWAP

Decreasing Short

762

5.0292 GBP

10p ordinary

SWAP

Decreasing Short

7,442

5.0419 GBP

10p ordinary

SWAP

Decreasing Short

104,249

5.0664 GBP

10p ordinary

SWAP

Decreasing Short

2,522

5.0704 GBP

10p ordinary

SWAP

Decreasing Short

1,111

5.0889 GBP

10p ordinary

SWAP

Increasing Short

121,439

5.0400 GBP

10p ordinary

SWAP

Increasing Short

1,442

5.0401 GBP

10p ordinary

SWAP

Increasing Short

51,711

5.0441 GBP

10p ordinary

SWAP

Increasing Short

1,986

5.0637 GBP

10p ordinary

SWAP

Increasing Short

39,729

5.0719 GBP

10p ordinary

SWAP

Increasing Short

467

5.0843 GBP

10p ordinary

SWAP

Decreasing Short

134,595

5.0399 GBP

10p ordinary

SWAP

Decreasing Short

2,096

5.0726 GBP

10p ordinary

SWAP

Decreasing Short

4,357

5.0729 GBP

10p ordinary

SWAP

Decreasing Short

2,222

5.0749 GBP

10p ordinary

SWAP

Decreasing Short

5,410

5.0794 GBP

10p ordinary

SWAP

Decreasing Short

39,296

5.0795 GBP

10p ordinary

SWAP

Decreasing Short

103

5.0799 GBP

10p ordinary

SWAP

Decreasing Short

3,256

5.0822 GBP

10p ordinary

SWAP

Decreasing Short

1,614

5.0846 GBP

10p ordinary

SWAP

Decreasing Short

663

5.0873 GBP

10p ordinary

SWAP

Increasing Short

6,374

5.0534 GBP

10p ordinary

SWAP

Increasing Short

3,533

5.0605 GBP

10p ordinary

SWAP

Increasing Short

2,886

5.0761 GBP

10p ordinary

SWAP

Increasing Short

4,479

5.0823 GBP

10p ordinary

SWAP

Increasing Short

3,643

5.0856 GBP

10p ordinary

SWAP

Increasing Short

1,302

5.0859 GBP

10p ordinary

SWAP

Increasing Short

6,800

5.0868 GBP

10p ordinary

SWAP

Increasing Short

1,600

5.0902 GBP

10p ordinary

SWAP

Increasing Short

1,968

5.0968 GBP

10p ordinary

SWAP

Increasing Long

227

5.0201 GBP

10p ordinary

SWAP

Increasing Long

4

5.0374 GBP

10p ordinary

SWAP

Increasing Long

951

5.0403 GBP

10p ordinary

SWAP

Increasing Long

1,478

5.0405 GBP

10p ordinary

SWAP

Increasing Long

9,475

5.0441 GBP

10p ordinary

SWAP

Increasing Long

350

5.0468 GBP

10p ordinary

SWAP

Increasing Long

2,012

5.0635 GBP

10p ordinary

SWAP

Increasing Long

766

5.0691 GBP

10p ordinary

SWAP

Increasing Long

1,772

5.0861 GBP

10p ordinary

SWAP

Increasing Long

1,188

5.0876 GBP

10p ordinary

SWAP

Decreasing Short

77,764

5.0786 GBP

10p ordinary

SWAP

Increasing Short

59,475

5.0400 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 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213