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:

22 Aug 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:

21,204,727

2.18%

5,168,467

0.53%

(2) Cash-settled derivatives:

4,253,222

0.44%

19,449,748

2.00%

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

0

0.00%

0

0.00%

TOTAL: 

25,457,949

2.61%

24,618,215

2.53%

(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

2573681

5.5020 GBP

5.4494 GBP

10p ordinary

Sale

6041674

5.5028 GBP

5.4520 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

Decreasing Short

15,045

5.4788 GBP

10p ordinary

CFD

Increasing Long

1,317

5.4455 GBP

10p ordinary

CFD

Increasing Long

9,821

5.4590 GBP

10p ordinary

CFD

Increasing Long

84,320

5.4743 GBP

10p ordinary

CFD

Increasing Long

22,554

5.4789 GBP

10p ordinary

CFD

Increasing Long

181,305

5.5015 GBP

10p ordinary

CFD

Decreasing Long

14,496

5.4624 GBP

10p ordinary

CFD

Decreasing Long

18,709

5.4683 GBP

10p ordinary

CFD

Decreasing Long

6,549

5.4899 GBP

10p ordinary

CFD

Decreasing Long

1,317

5.5024 GBP

10p ordinary

SWAP

Opening Short

5,336

5.4876 GBP

10p ordinary

SWAP

Increasing Long

13,100

5.4588 GBP

10p ordinary

SWAP

Opening Long

25,519

5.4757 GBP

10p ordinary

SWAP

Decreasing Long

6,475

5.4661 GBP

10p ordinary

SWAP

Decreasing Long

14,952

5.5020 GBP

10p ordinary

SWAP

Closing Short

2,259,826

5.5020 GBP

10p ordinary

SWAP

Decreasing Short

16,715

5.4681 GBP

10p ordinary

SWAP

Decreasing Short

38,708

5.5020 GBP

10p ordinary

SWAP

Increasing Short

127

5.4972 GBP

10p ordinary

SWAP

Increasing Short

11

5.4984 GBP

10p ordinary

SWAP

Increasing Short

3,159

5.4494 GBP

10p ordinary

SWAP

Increasing Short

12,780

5.4524 GBP

10p ordinary

SWAP

Decreasing Short

55,262

5.4741 GBP

10p ordinary

SWAP

Decreasing Short

1,360

5.4773 GBP

10p ordinary

SWAP

Decreasing Short

423

5.4800 GBP

10p ordinary

SWAP

Decreasing Short

113,105

5.4821 GBP

10p ordinary

SWAP

Decreasing Short

770

5.4834 GBP

10p ordinary

SWAP

Decreasing Short

49,989

5.4954 GBP

10p ordinary

SWAP

Decreasing Short

266,583

5.5012 GBP

10p ordinary

SWAP

Decreasing Short

113,051

5.5020 GBP

10p ordinary

SWAP

Increasing Short

2,528

5.4460 GBP

10p ordinary

SWAP

Increasing Short

216

5.4540 GBP

10p ordinary

SWAP

Increasing Short

13,262

5.4590 GBP

10p ordinary

SWAP

Increasing Short

859

5.4600 GBP

10p ordinary

SWAP

Increasing Short

442

5.4660 GBP

10p ordinary

SWAP

Increasing Short

7,747

5.4701 GBP

10p ordinary

SWAP

Increasing Short

449

5.4720 GBP

10p ordinary

SWAP

Increasing Short

20

5.5020 GBP

10p ordinary

SWAP

Decreasing Short

49

5.4608 GBP

10p ordinary

SWAP

Decreasing Short

211

5.4779 GBP

10p ordinary

SWAP

Decreasing Short

2,922

5.4839 GBP

10p ordinary

SWAP

Decreasing Short

591

5.4846 GBP

10p ordinary

SWAP

Decreasing Short

338

5.4857 GBP

10p ordinary

SWAP

Decreasing Short

486

5.4865 GBP

10p ordinary

SWAP

Decreasing Short

6,488

5.4871 GBP

10p ordinary

SWAP

Decreasing Short

1,602

5.4881 GBP

10p ordinary

SWAP

Decreasing Short

16,633

5.4883 GBP

10p ordinary

SWAP

Decreasing Short

151

5.4899 GBP

10p ordinary

SWAP

Decreasing Short

414,986

5.5019 GBP

10p ordinary

SWAP

Increasing Short

1,899

5.4596 GBP

10p ordinary

SWAP

Increasing Short

708

5.4604 GBP

10p ordinary

SWAP

Increasing Short

158

5.4700 GBP

10p ordinary

SWAP

Increasing Short

1,635

5.4759 GBP

10p ordinary

SWAP

Increasing Short

89

5.4840 GBP

10p ordinary

SWAP

Closing Long

66,607

5.4590 GBP

10p ordinary

SWAP

Decreasing Short

560

5.4689 GBP

10p ordinary

SWAP

Increasing Short

280

5.4689 GBP

10p ordinary

SWAP

Increasing Long

21,979

5.4857 GBP

10p ordinary

SWAP

Increasing Long

26,457

5.5014 GBP

10p ordinary

SWAP

Decreasing Short

1,106

5.4794 GBP

10p ordinary

SWAP

Decreasing Short

1,417

5.4849 GBP

10p ordinary

SWAP

Decreasing Short

235,119

5.4916 GBP

10p ordinary

SWAP

Decreasing Short

608

5.4960 GBP

10p ordinary

SWAP

Increasing Short

13,273

5.4674 GBP

10p ordinary

SWAP

Increasing Short

12,686

5.4768 GBP

10p ordinary

SWAP

Increasing Short

8,817

5.5020 GBP

10p ordinary

SWAP

Increasing Long

27,218

5.4300 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:

23 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213