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:

18 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:

12,134,130

1.25%

6,852,557

0.70%

(2) Cash-settled derivatives:

5,923,795

0.61%

10,719,431

1.10%

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

0

0.00%

0

0.00%

TOTAL: 

18,057,925

1.85%

17,571,988

1.80%

(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

732846

4.4792 GBP

4.4310 GBP

10p ordinary

Sale

368005

4.4940 GBP

4.4277 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10p ordinary

CFD

Decreasing Long

1

4.4600 GBP

10p ordinary

CFD

Decreasing Long

523

4.4630 GBP

10p ordinary

SWAP

Decreasing Long

741

4.4755 GBP

10p ordinary

CFD

Decreasing Long

963

4.4644 GBP

10p ordinary

CFD

Decreasing Long

1,181

4.4792 GBP

10p ordinary

CFD

Decreasing Long

9,879

4.4639 GBP

10p ordinary

SWAP

Decreasing Short

214

4.4469 GBP

10p ordinary

SWAP

Decreasing Short

264

4.4659 GBP

10p ordinary

SWAP

Decreasing Short

380

4.4661 GBP

10p ordinary

SWAP

Decreasing Short

962

4.4603 GBP

10p ordinary

SWAP

Decreasing Short

1,063

4.4540 GBP

10p ordinary

SWAP

Decreasing Short

1,323

4.4624 GBP

10p ordinary

SWAP

Decreasing Short

1,561

4.4651 GBP

10p ordinary

SWAP

Decreasing Short

1,843

4.4622 GBP

10p ordinary

SWAP

Decreasing Short

2,141

4.4637 GBP

10p ordinary

SWAP

Decreasing Short

3,217

4.4628 GBP

10p ordinary

SWAP

Decreasing Short

5,057

4.4594 GBP

10p ordinary

SWAP

Decreasing Short

14,071

4.4680 GBP

10p ordinary

SWAP

Decreasing Short

16,779

4.4277 GBP

10p ordinary

SWAP

Decreasing Short

29,370

4.4596 GBP

10p ordinary

SWAP

Decreasing Short

69,441

4.4629 GBP

10p ordinary

CFD

Increasing Long

15

4.4633 GBP

10p ordinary

CFD

Increasing Long

1,839

4.4630 GBP

10p ordinary

CFD

Increasing Long

9,729

4.4678 GBP

10p ordinary

SWAP

Increasing Short

92

4.4600 GBP

10p ordinary

SWAP

Increasing Short

115

4.4635 GBP

10p ordinary

SWAP

Increasing Short

307

4.4640 GBP

10p ordinary

SWAP

Increasing Short

631

4.4270 GBP

10p ordinary

SWAP

Increasing Short

694

4.4675 GBP

10p ordinary

SWAP

Increasing Short

1,087

4.4652 GBP

10p ordinary

SWAP

Increasing Short

1,270

4.4659 GBP

10p ordinary

SWAP

Increasing Short

6,876

4.4630 GBP

10p ordinary

SWAP

Increasing Short

37,404

4.4626 GBP

10p ordinary

SWAP

Increasing Short

39,000

4.4621 GBP

10p ordinary

SWAP

Increasing Short

46,655

4.4659 GBP

10p ordinary

SWAP

Increasing Short

104,864

4.4664 GBP

10p ordinary

SWAP

Increasing Short

246,410

4.4630 GBP

10p ordinary

SWAP

Opening Short

494

4.4443 GBP

10p ordinary

SWAP

Opening Short

8,487

4.4632 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:

19 Apr 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213