Form 8.5 (EPT/NON-RI) - Barratt Developments plc

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:

29 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:

10,472,040

1.07%

4,974,854

0.51%

(2) Cash-settled derivatives:

3,936,695

0.40%

9,114,814

0.94%

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

0

0.00%

0

0.00%

TOTAL: 

14,408,735

1.48%

14,089,668

1.45%

 

(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

738586

5.2773 GBP

5.1780 GBP

10p ordinary

Sale

1148783

5.2820 GBP

5.1779 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

Increasing Long

3,883

5.2642 GBP

10p ordinary

SWAP

Decreasing Long

2,640

5.2359 GBP

10p ordinary

CFD

Increasing Long

16,078

5.2287 GBP

10p ordinary

CFD

Increasing Long

14,109

5.2332 GBP

10p ordinary

CFD

Increasing Long

5,549

5.2667 GBP

10p ordinary

CFD

Increasing Long

811

5.2755 GBP

10p ordinary

CFD

Increasing Long

10,287

5.2759 GBP

10p ordinary

CFD

Decreasing Long

689

5.1783 GBP

10p ordinary

CFD

Decreasing Long

811

5.2304 GBP

10p ordinary

CFD

Decreasing Long

26,365

5.2575 GBP

10p ordinary

CFD

Decreasing Long

466

5.2611 GBP

10p ordinary

SWAP

Decreasing Short

58

5.2399 GBP

10p ordinary

SWAP

Decreasing Short

4,079

5.2550 GBP

10p ordinary

SWAP

Increasing Short

100

5.2379 GBP

10p ordinary

SWAP

Decreasing Short

774

5.2309 GBP

10p ordinary

SWAP

Opening Long

26,142

5.2757 GBP

10p ordinary

SWAP

Closing Long

25,466

5.2760 GBP

10p ordinary

SWAP

Increasing Long

1,025

5.2636 GBP

10p ordinary

SWAP

Increasing Long

8,224

5.2740 GBP

10p ordinary

SWAP

Opening Short

2,696

5.2079 GBP

10p ordinary

SWAP

Increasing Short

580

5.2397 GBP

10p ordinary

SWAP

Increasing Short

17,970

5.2429 GBP

10p ordinary

SWAP

Increasing Short

7,716

5.2535 GBP

10p ordinary

SWAP

Increasing Short

67,465

5.2546 GBP

10p ordinary

SWAP

Increasing Short

18,659

5.2773 GBP

10p ordinary

SWAP

Decreasing Short

184,265

5.2461 GBP

10p ordinary

SWAP

Decreasing Short

26,785

5.2490 GBP

10p ordinary

SWAP

Decreasing Short

702

5.2680 GBP

10p ordinary

SWAP

Decreasing Short

113,617

5.2760 GBP

10p ordinary

SWAP

Decreasing Short

313

5.2820 GBP

10p ordinary

SWAP

Increasing Short

34,690

5.2293 GBP

10p ordinary

SWAP

Increasing Short

104

5.2300 GBP

10p ordinary

SWAP

Increasing Short

19,683

5.2431 GBP

10p ordinary

SWAP

Increasing Short

55,520

5.2691 GBP

10p ordinary

SWAP

Decreasing Short

2,000

5.2059 GBP

10p ordinary

SWAP

Decreasing Short

1,448

5.2092 GBP

10p ordinary

SWAP

Decreasing Short

16,449

5.2285 GBP

10p ordinary

SWAP

Decreasing Short

13,558

5.2316 GBP

10p ordinary

SWAP

Decreasing Short

5,965

5.2358 GBP

10p ordinary

SWAP

Decreasing Short

7,712

5.2385 GBP

10p ordinary

SWAP

Decreasing Short

43,386

5.2491 GBP

10p ordinary

SWAP

Decreasing Short

662

5.2499 GBP

10p ordinary

SWAP

Decreasing Short

45

5.2519 GBP

10p ordinary

SWAP

Decreasing Short

178

5.2661 GBP

10p ordinary

SWAP

Increasing Short

12,712

5.2627 GBP

10p ordinary

SWAP

Increasing Short

13,193

5.2654 GBP

10p ordinary

SWAP

Increasing Short

906

5.2660 GBP

10p ordinary

SWAP

Increasing Short

1,298

5.2665 GBP

10p ordinary

SWAP

Increasing Short

1,693

5.2705 GBP

10p ordinary

SWAP

Increasing Short

23,946

5.2760 GBP

10p ordinary

SWAP

Decreasing Short

606

5.2510 GBP

10p ordinary

SWAP

Decreasing Short

17,162

5.2477 GBP

10p ordinary

SWAP

Decreasing Short

49,127

5.2537 GBP

10p ordinary

SWAP

Opening Long

89,822

5.2760 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:

30 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213