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:

16 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:

10,889,731

1.12%

6,211,310

0.64%

(2) Cash-settled derivatives:

5,229,226

0.54%

9,535,940

0.98%

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

0

0.00%

0

0.00%

TOTAL: 

16,118,957

1.65%

15,747,250

1.62%

(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

718008

5.0000 GBP

4.9630 GBP

10p ordinary

Sale

503776

5.0027 GBP

4.9596 GBP

ADR

Purchase

3000

12.8450 USD

12.8450 USD

ADR

Sale

3000

12.8450 USD

12.8450 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

20,845

4.9875 GBP

10p ordinary

CFD

Decreasing Short

11,270

4.9785 GBP

10p ordinary

CFD

Decreasing Short

2,059

4.9786 GBP

10p ordinary

CFD

Decreasing Short

870

4.9787 GBP

10p ordinary

CFD

Decreasing Short

15,402

4.9903 GBP

10p ordinary

CFD

Decreasing Short

930

4.9925 GBP

10p ordinary

CFD

Increasing Short

18,195

4.9895 GBP

10p ordinary

CFD

Increasing Short

3,827

4.9929 GBP

10p ordinary

CFD

Increasing Short

10,000

5.0004 GBP

10p ordinary

SWAP

Decreasing Short

419

4.9687 GBP

10p ordinary

SWAP

Increasing Short

619

4.9768 GBP

10p ordinary

SWAP

Decreasing Short

22,400

4.9890 GBP

10p ordinary

SWAP

Increasing Long

342

4.9596 GBP

10p ordinary

SWAP

Increasing Long

3,178

4.9673 GBP

10p ordinary

SWAP

Increasing Long

100

4.9713 GBP

10p ordinary

SWAP

Increasing Long

1,389

4.9809 GBP

10p ordinary

SWAP

Increasing Long

342

4.9926 GBP

10p ordinary

SWAP

Increasing Long

15,308

4.9929 GBP

10p ordinary

SWAP

Decreasing Long

2

4.9930 GBP

10p ordinary

SWAP

Decreasing Short

27

4.9300 GBP

10p ordinary

SWAP

Decreasing Short

9,298

4.9733 GBP

10p ordinary

SWAP

Decreasing Short

21,341

4.9754 GBP

10p ordinary

SWAP

Decreasing Short

1,479

4.9888 GBP

10p ordinary

SWAP

Decreasing Short

31,339

4.9904 GBP

10p ordinary

SWAP

Decreasing Short

343

4.9940 GBP

10p ordinary

SWAP

Increasing Short

477

4.9471 GBP

10p ordinary

SWAP

Increasing Short

1,237

4.9702 GBP

10p ordinary

SWAP

Increasing Short

507

4.9760 GBP

10p ordinary

SWAP

Increasing Short

17,732

4.9766 GBP

10p ordinary

SWAP

Increasing Short

11,031

4.9881 GBP

10p ordinary

SWAP

Increasing Short

12,070

4.9919 GBP

10p ordinary

SWAP

Increasing Short

42,619

4.9930 GBP

10p ordinary

SWAP

Decreasing Short

18

4.9619 GBP

10p ordinary

SWAP

Decreasing Short

117

4.9689 GBP

10p ordinary

SWAP

Decreasing Short

241

4.9709 GBP

10p ordinary

SWAP

Decreasing Short

21,496

4.9929 GBP

10p ordinary

SWAP

Decreasing Short

94

4.9961 GBP

10p ordinary

SWAP

Increasing Short

31,572

4.9864 GBP

10p ordinary

SWAP

Increasing Short

40,728

4.9869 GBP

10p ordinary

SWAP

Increasing Short

30,531

4.9885 GBP

10p ordinary

SWAP

Increasing Short

28,711

4.9890 GBP

10p ordinary

SWAP

Increasing Short

7,165

4.9895 GBP

10p ordinary

SWAP

Increasing Short

13,038

4.9904 GBP

10p ordinary

SWAP

Increasing Short

7,952

4.9906 GBP

10p ordinary

SWAP

Increasing Short

7,259

4.9923 GBP

10p ordinary

SWAP

Increasing Short

18,574

4.9930 GBP

10p ordinary

SWAP

Increasing Short

4,636

4.9961 GBP

10p ordinary

SWAP

Increasing Short

18,920

4.9805 GBP

10p ordinary

SWAP

Increasing Short

21,671

4.9820 GBP

10p ordinary

SWAP

Increasing Short

56,506

4.9930 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:

17 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213