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:

08 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:

11,190,146

1.15%

6,797,190

0.70%

(2) Cash-settled derivatives:

5,669,639

0.58%

9,881,986

1.01%

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

0

0.00%

0

0.00%

TOTAL: 

16,859,785

1.73%

16,679,176

1.71%

(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

796917

5.0720 GBP

5.0220 GBP

10p ordinary

Sale

944802

5.0680 GBP

5.0220 GBP

ADR

Purchase

400

12.8500 USD

12.8500 USD

ADR

Sale

400

12.8500 USD

12.8500 USD

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10p ordinary

SWAP

Opening Long

19,518

5.0407 GBP

10p ordinary

SWAP

Increasing Short

580

5.0373 GBP

10p ordinary

CFD

Decreasing Short

3,090

5.0370 GBP

10p ordinary

CFD

Decreasing Short

41,920

5.0375 GBP

10p ordinary

CFD

Decreasing Short

53,164

5.0586 GBP

10p ordinary

CFD

Decreasing Short

1,880

5.0596 GBP

10p ordinary

CFD

Increasing Short

11,711

5.0261 GBP

10p ordinary

CFD

Increasing Short

400

5.0264 GBP

10p ordinary

CFD

Increasing Short

48,881

5.0380 GBP

10p ordinary

CFD

Increasing Short

10,000

5.0384 GBP

10p ordinary

CFD

Increasing Short

4,283

5.0488 GBP

10p ordinary

CFD

Increasing Short

1,337

5.0563 GBP

10p ordinary

SWAP

Increasing Short

5,226

5.0457 GBP

10p ordinary

SWAP

Opening Long

16,183

5.0377 GBP

10p ordinary

SWAP

Increasing Long

742

5.0446 GBP

10p ordinary

SWAP

Decreasing Long

16,874

5.0380 GBP

10p ordinary

SWAP

Closing Long

1

5.0500 GBP

10p ordinary

SWAP

Opening Long

759

5.0388 GBP

10p ordinary

SWAP

Increasing Long

15,485

5.0448 GBP

10p ordinary

SWAP

Opening Short

16,908

5.0450 GBP

10p ordinary

SWAP

Increasing Long

20,374

5.0473 GBP

10p ordinary

SWAP

Increasing Long

205

5.0636 GBP

10p ordinary

SWAP

Decreasing Long

1,316

5.0327 GBP

10p ordinary

SWAP

Decreasing Long

13,350

5.0355 GBP

10p ordinary

SWAP

Decreasing Long

20,908

5.0358 GBP

10p ordinary

SWAP

Decreasing Long

867

5.0383 GBP

10p ordinary

SWAP

Decreasing Short

1,637

5.0340 GBP

10p ordinary

SWAP

Decreasing Short

28,714

5.0379 GBP

10p ordinary

SWAP

Decreasing Short

233

5.0380 GBP

10p ordinary

SWAP

Decreasing Short

1,707

5.0412 GBP

10p ordinary

SWAP

Decreasing Short

11,317

5.0457 GBP

10p ordinary

SWAP

Decreasing Short

213

5.0520 GBP

10p ordinary

SWAP

Increasing Short

27,102

5.0379 GBP

10p ordinary

SWAP

Increasing Short

1,116

5.0380 GBP

10p ordinary

SWAP

Increasing Short

3,795

5.0398 GBP

10p ordinary

SWAP

Increasing Short

70,923

5.0444 GBP

10p ordinary

SWAP

Increasing Short

1,591

5.0621 GBP

10p ordinary

SWAP

Decreasing Short

13

5.0339 GBP

10p ordinary

SWAP

Decreasing Short

48

5.0344 GBP

10p ordinary

SWAP

Decreasing Short

152

5.0355 GBP

10p ordinary

SWAP

Decreasing Short

524

5.0364 GBP

10p ordinary

SWAP

Decreasing Short

111,118

5.0379 GBP

10p ordinary

SWAP

Increasing Short

345

5.0300 GBP

10p ordinary

SWAP

Increasing Short

1,872

5.0386 GBP

10p ordinary

SWAP

Increasing Short

2,161

5.0391 GBP

10p ordinary

SWAP

Increasing Short

3,658

5.0398 GBP

10p ordinary

SWAP

Increasing Short

975

5.0400 GBP

10p ordinary

SWAP

Increasing Short

3,171

5.0445 GBP

10p ordinary

SWAP

Increasing Short

9,646

5.0453 GBP

10p ordinary

SWAP

Increasing Short

9,839

5.0380 GBP

10p ordinary

SWAP

Increasing Short

42,669

5.0438 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:

09 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213