| 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 | BARRATT DEVELOPMENTS PLC | |||||
| (c) | Name of the party to the offer with which exempt | REDROW PLC | |||||
| (d) | Date position held/dealing undertaken: | 26 Jun 2024 | |||||
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: | |||||
| 2. | POSITIONS OF THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree | ||||||
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| 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: | 11,894,412 | 1.22% | 4,017,120 | 0.41% | |||
| (2) Cash-settled derivatives: | 3,097,529 | 0.32% | 10,368,292 | 1.06% | |||
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
| | 14,991,941 | 1.54% | 14,385,412 | 1.48% | |||
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| (b) | Rights to subscribe for new securities (including directors and other executive options) | ||||||
| Class of relevant security in relation to |
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| Details, including nature of the rights |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchase and sales |
| | | | | |
| Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
| 10p ordinary | Purchase | 1024680 | 4.7890 GBP | 4.6920 GBP | |||
| 10p ordinary | Sale | 1567548 | 4.7890 GBP | 4.6920 GBP | |||
| ADR | Purchase | 106 | 11.8300 USD | 11.8300 USD | |||
| ADR | Sale | 106 | 11.8300 USD | 11.8300 USD | |||
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| (b) | Cash-settled derivative transactions | ||||||
| Class of | Product description | Nature of dealing | Number of | Price per | |||
| 10p ordinary | SWAP | Closing Long | 157 | 4.7161 GBP | |||
| 10p ordinary | SWAP | Closing Long | 1,255 | 4.7177 GBP | |||
| 10p ordinary | SWAP | Closing Long | 4,052 | 4.7175 GBP | |||
| 10p ordinary | SWAP | Closing Long | 9,052 | 4.7180 GBP | |||
| 10p ordinary | SWAP | Closing Short | 285 | 4.6967 GBP | |||
| 10p ordinary | CFD | Closing Short | 294 | 4.7444 GBP | |||
| 10p ordinary | SWAP | Closing Short | 3,560 | 4.7239 GBP | |||
| 10p ordinary | CFD | Closing Short | 4,530 | 4.7301 GBP | |||
| 10p ordinary | SWAP | Closing Short | 7,504 | 4.7182 GBP | |||
| 10p ordinary | SWAP | Closing Short | 15,174 | 4.7180 GBP | |||
| 10p ordinary | CFD | Closing Short | 21,508 | 4.7064 GBP | |||
| 10p ordinary | SWAP | Closing Short | 23,258 | 4.7146 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 178 | 4.7161 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,419 | 4.7177 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 3,009 | 4.7175 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 11,680 | 4.7180 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1 | 4.7180 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 24 | 4.7029 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 242 | 4.7135 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 519 | 4.7116 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 916 | 4.7059 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,046 | 4.7428 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,570 | 4.7351 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,054 | 4.7056 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,103 | 4.7049 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,500 | 4.6984 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,541 | 4.7460 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,139 | 4.7566 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,550 | 4.7198 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,773 | 4.7132 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 19,783 | 4.7115 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 39,301 | 4.7202 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 40,320 | 4.7176 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 67,016 | 4.7183 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 123,840 | 4.7156 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 129,792 | 4.7173 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 17 | 4.7090 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 19 | 4.7140 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 458 | 4.7217 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 736 | 4.7569 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,040 | 4.7180 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,226 | 4.7070 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,450 | 4.7485 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,452 | 4.7076 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 14,669 | 4.7328 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 29,950 | 4.7327 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 31,033 | 4.7111 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 185,637 | 4.7740 GBP | |||
| 10p ordinary | CFD | Opening Long | 3,298 | 4.7065 GBP | |||
| 10p ordinary | CFD | Opening Long | 3,852 | 4.7136 GBP | |||
| 10p ordinary | CFD | Opening Long | 10,354 | 4.7141 GBP | |||
| 10p ordinary | CFD | Opening Long | 15,621 | 4.7176 GBP | |||
| 10p ordinary | CFD | Opening Long | 23,804 | 4.7179 GBP | |||
| 10p ordinary | SWAP | Opening Long | 38,517 | 4.7155 GBP | |||
| 10p ordinary | SWAP | Opening Long | 49,268 | 4.7180 GBP | |||
| 10p ordinary | CFD | Opening Long | 60,165 | 4.7254 GBP | |||
| 10p ordinary | SWAP | Opening Long | 308,160 | 4.7156 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) | ||||||
| (i) | Writing, selling, purchasing or varying | ||||||
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| (d) | Other dealings (including subscribing for new securities) | ||||||
| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements | ||||||
| Details of any indemnity or option arrangement, or any agreement or understanding, | |||||||
| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives | ||||||
| Details of any agreement, arrangement or understanding, formal or informal, between | |||||||
| NONE | |||||||
| (c) | Attachments | ||||||
| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 27 Jun 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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