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:

10 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:

10,482,985

1.08%

5,695,132

0.58%

(2) Cash-settled derivatives:

4,850,430

0.50%

9,095,648

0.93%

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

0

0.00%

0

0.00%

TOTAL: 

15,333,415

1.57%

14,790,780

1.52%

(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

1619314

4.7390 GBP

4.5526 GBP

10p ordinary

Sale

920537

4.7394 GBP

4.5550 GBP

ADR

Purchase

1500

11.4900 USD

11.4900 USD

ADR

Sale

1500

11.4900 USD

11.4900 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

Decreasing Long

120

4.6699 GBP

10p ordinary

CFD

Decreasing Long

969

4.7023 GBP

10p ordinary

CFD

Decreasing Long

1,361

4.6787 GBP

10p ordinary

SWAP

Decreasing Long

3,394

4.5526 GBP

10p ordinary

SWAP

Decreasing Long

4,557

4.6218 GBP

10p ordinary

SWAP

Decreasing Long

5,890

4.7147 GBP

10p ordinary

CFD

Decreasing Long

7,348

4.7146 GBP

10p ordinary

SWAP

Decreasing Long

7,865

4.7015 GBP

10p ordinary

CFD

Decreasing Long

21,015

4.6971 GBP

10p ordinary

SWAP

Decreasing Short

3

4.5590 GBP

10p ordinary

SWAP

Decreasing Short

73

4.5499 GBP

10p ordinary

SWAP

Decreasing Short

147

4.5572 GBP

10p ordinary

SWAP

Decreasing Short

192

4.7099 GBP

10p ordinary

SWAP

Decreasing Short

229

4.7020 GBP

10p ordinary

SWAP

Decreasing Short

277

4.6994 GBP

10p ordinary

SWAP

Decreasing Short

464

4.7190 GBP

10p ordinary

SWAP

Decreasing Short

648

4.5824 GBP

10p ordinary

SWAP

Decreasing Short

650

4.6946 GBP

10p ordinary

SWAP

Decreasing Short

774

4.7049 GBP

10p ordinary

SWAP

Decreasing Short

978

4.5958 GBP

10p ordinary

SWAP

Decreasing Short

1,027

4.5770 GBP

10p ordinary

SWAP

Decreasing Short

1,782

4.6182 GBP

10p ordinary

SWAP

Decreasing Short

8,222

4.6185 GBP

10p ordinary

SWAP

Decreasing Short

10,929

4.6670 GBP

10p ordinary

SWAP

Decreasing Short

16,933

4.5589 GBP

10p ordinary

SWAP

Decreasing Short

47,941

4.5665 GBP

10p ordinary

SWAP

Increasing Long

252

4.7076 GBP

10p ordinary

SWAP

Increasing Long

435

4.7042 GBP

10p ordinary

SWAP

Increasing Long

529

4.7080 GBP

10p ordinary

SWAP

Increasing Long

885

4.7085 GBP

10p ordinary

SWAP

Increasing Long

1,117

4.6993 GBP

10p ordinary

SWAP

Increasing Long

1,233

4.6994 GBP

10p ordinary

SWAP

Increasing Long

1,531

4.7077 GBP

10p ordinary

SWAP

Increasing Long

1,680

4.6995 GBP

10p ordinary

SWAP

Increasing Long

1,985

4.6164 GBP

10p ordinary

SWAP

Increasing Long

2,162

4.7041 GBP

10p ordinary

CFD

Increasing Long

2,469

4.5768 GBP

10p ordinary

CFD

Increasing Long

3,424

4.6784 GBP

10p ordinary

SWAP

Increasing Long

3,450

4.6910 GBP

10p ordinary

SWAP

Increasing Long

7,982

4.7015 GBP

10p ordinary

SWAP

Increasing Long

8,685

4.6912 GBP

10p ordinary

CFD

Increasing Long

18,950

4.7094 GBP

10p ordinary

CFD

Increasing Long

25,763

4.5586 GBP

10p ordinary

SWAP

Increasing Long

69,248

4.6960 GBP

10p ordinary

SWAP

Increasing Short

179

4.5640 GBP

10p ordinary

SWAP

Increasing Short

238

4.7040 GBP

10p ordinary

SWAP

Increasing Short

262

4.5679 GBP

10p ordinary

SWAP

Increasing Short

572

4.6306 GBP

10p ordinary

SWAP

Increasing Short

670

4.6972 GBP

10p ordinary

SWAP

Increasing Short

833

4.5647 GBP

10p ordinary

SWAP

Increasing Short

1,149

4.6151 GBP

10p ordinary

SWAP

Increasing Short

1,898

4.5731 GBP

10p ordinary

SWAP

Increasing Short

2,192

4.6187 GBP

10p ordinary

SWAP

Increasing Short

2,274

4.6864 GBP

10p ordinary

SWAP

Increasing Short

2,854

4.6746 GBP

10p ordinary

SWAP

Increasing Short

2,896

4.5592 GBP

10p ordinary

SWAP

Increasing Short

3,284

4.6521 GBP

10p ordinary

SWAP

Increasing Short

3,599

4.6489 GBP

10p ordinary

SWAP

Increasing Short

5,961

4.6549 GBP

10p ordinary

SWAP

Increasing Short

6,407

4.5967 GBP

10p ordinary

SWAP

Increasing Short

8,789

4.6479 GBP

10p ordinary

SWAP

Increasing Short

10,623

4.6145 GBP

10p ordinary

SWAP

Increasing Short

26,870

4.6034 GBP

10p ordinary

SWAP

Increasing Short

31,794

4.6457 GBP

10p ordinary

SWAP

Increasing Short

34,674

4.6255 GBP

10p ordinary

SWAP

Increasing Short

47,327

4.6548 GBP

10p ordinary

SWAP

Increasing Short

51,038

4.6254 GBP

10p ordinary

SWAP

Increasing Short

73,941

4.6212 GBP

10p ordinary

SWAP

Increasing Short

83,037

4.6494 GBP

10p ordinary

SWAP

Increasing Short

169,146

4.5590 GBP

10p ordinary

SWAP

Increasing Short

286,591

4.6761 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:

11 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213