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:

20 Jun 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:

12,147,426

1.25%

3,745,651

0.38%

(2) Cash-settled derivatives:

3,020,696

0.31%

10,765,128

1.10%

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

0

0.00%

0

0.00%

TOTAL: 

15,168,122

1.56%

14,510,779

1.49%

(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

838242

4.7791 GBP

4.7291 GBP

10p ordinary

Sale

808684

4.7769 GBP

4.7287 GBP

ADR

Purchase

1940

12.0662 USD

12.0662 USD

ADR

Sale

1940

12.0662 USD

12.0662 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

Closing Short

479

4.7638 GBP

10p ordinary

SWAP

Closing Short

1,175

4.7690 GBP

10p ordinary

SWAP

Closing Short

21,585

4.7682 GBP

10p ordinary

SWAP

Closing Short

29,339

4.7680 GBP

10p ordinary

SWAP

Decreasing Long

49

4.7713 GBP

10p ordinary

SWAP

Decreasing Long

54

4.7739 GBP

10p ordinary

SWAP

Decreasing Long

176

4.7608 GBP

10p ordinary

SWAP

Decreasing Long

478

4.7687 GBP

10p ordinary

SWAP

Decreasing Long

480

4.7668 GBP

10p ordinary

SWAP

Decreasing Long

811

4.7716 GBP

10p ordinary

SWAP

Decreasing Long

839

4.7513 GBP

10p ordinary

SWAP

Decreasing Long

1,171

4.7596 GBP

10p ordinary

SWAP

Decreasing Long

1,173

4.7725 GBP

10p ordinary

SWAP

Decreasing Long

1,393

4.7607 GBP

10p ordinary

SWAP

Decreasing Long

1,464

4.7659 GBP

10p ordinary

SWAP

Decreasing Long

1,653

4.7658 GBP

10p ordinary

SWAP

Decreasing Long

4,904

4.7594 GBP

10p ordinary

SWAP

Decreasing Long

6,609

4.7694 GBP

10p ordinary

SWAP

Decreasing Long

8,253

4.7626 GBP

10p ordinary

SWAP

Decreasing Long

18,573

4.7568 GBP

10p ordinary

SWAP

Decreasing Long

19,172

4.7637 GBP

10p ordinary

SWAP

Decreasing Long

61,134

4.7619 GBP

10p ordinary

SWAP

Decreasing Long

90,725

4.7680 GBP

10p ordinary

SWAP

Decreasing Short

92

4.7349 GBP

10p ordinary

SWAP

Decreasing Short

160

4.7000 GBP

10p ordinary

SWAP

Decreasing Short

330

4.7598 GBP

10p ordinary

SWAP

Decreasing Short

343

4.7473 GBP

10p ordinary

SWAP

Decreasing Short

1,086

4.7563 GBP

10p ordinary

SWAP

Decreasing Short

1,375

4.7608 GBP

10p ordinary

SWAP

Decreasing Short

2,782

4.7578 GBP

10p ordinary

SWAP

Decreasing Short

3,028

4.7660 GBP

10p ordinary

SWAP

Decreasing Short

3,431

4.7509 GBP

10p ordinary

SWAP

Decreasing Short

3,803

4.7518 GBP

10p ordinary

SWAP

Decreasing Short

4,949

4.7543 GBP

10p ordinary

CFD

Decreasing Short

9,273

4.7734 GBP

10p ordinary

SWAP

Decreasing Short

9,745

4.7649 GBP

10p ordinary

CFD

Decreasing Short

9,926

4.7287 GBP

10p ordinary

CFD

Decreasing Short

12,039

4.7679 GBP

10p ordinary

SWAP

Decreasing Short

12,408

4.7635 GBP

10p ordinary

SWAP

Decreasing Short

15,222

4.7531 GBP

10p ordinary

SWAP

Decreasing Short

15,384

4.7629 GBP

10p ordinary

SWAP

Decreasing Short

17,477

4.7606 GBP

10p ordinary

SWAP

Decreasing Short

18,797

4.7617 GBP

10p ordinary

SWAP

Decreasing Short

28,235

4.7680 GBP

10p ordinary

SWAP

Decreasing Short

31,503

4.7601 GBP

10p ordinary

SWAP

Decreasing Short

41,049

4.7679 GBP

10p ordinary

SWAP

Decreasing Short

120,960

4.7515 GBP

10p ordinary

SWAP

Decreasing Short

282,240

4.7515 GBP

10p ordinary

SWAP

Increasing Short

30

4.7770 GBP

10p ordinary

CFD

Increasing Short

115

4.7763 GBP

10p ordinary

SWAP

Increasing Short

585

4.7355 GBP

10p ordinary

CFD

Increasing Short

1,825

4.7769 GBP

10p ordinary

SWAP

Increasing Short

2,282

4.7500 GBP

10p ordinary

SWAP

Increasing Short

3,066

4.7554 GBP

10p ordinary

SWAP

Increasing Short

17,835

4.7607 GBP

10p ordinary

CFD

Increasing Short

21,965

4.7791 GBP

10p ordinary

SWAP

Increasing Short

23,267

4.7614 GBP

10p ordinary

SWAP

Increasing Short

33,350

4.7662 GBP

10p ordinary

SWAP

Increasing Short

47,570

4.7680 GBP

10p ordinary

SWAP

Increasing Short

48,381

4.7619 GBP

10p ordinary

SWAP

Increasing Short

52,116

4.7680 GBP

10p ordinary

SWAP

Increasing Short

254,278

4.7630 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:

21 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213