| 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 | ||||
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| relevant securities this form relates: |
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| (c) | Name of the party to the offer with which exempt | REDROW PLC | |||||
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| principal trader is connected |
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| (d) | Date position held/dealing undertaken: |
| 15 Aug 2024 | ||||
| (e) | In addition to the company in 1(b) above, is the exempt principal | YES: |
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| trader making disclosures in respect of any other party to the offer? | REDROW PLC |
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| 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) |
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| Class of relevant security: | 10p ordinary | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 10,312,333 | 1.06% | 3,463,524 | 0.36% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 2,544,479 | 0.26% | 9,061,031 | 0.93% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 12,856,812 | 1.32% | 12,524,555 | 1.29% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
| security |
| securities | paid/received | paid/received | |||
| 10p ordinary | Purchase | 1,205,425 | 5.4920 GBP | 5.4134 GBP | |||
| 10p ordinary | Sale | 727,347 | 5.4801 GBP | 5.4139 GBP | |||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| securities |
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| 10p ordinary | CFD | Increasing Long | 2,083 | 5.4139 GBP | |||
| 10p ordinary | CFD | Increasing Long | 3,575 | 5.4140 GBP | |||
| 10p ordinary | CFD | Increasing Long | 13,282 | 5.4801 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 90,968 | 5.4144 GBP | |||
| 10p ordinary | CFD | Opening Short | 61,846 | 5.4213 GBP | |||
| 10p ordinary | CFD | Increasing Short | 6,912 | 5.4507 GBP | |||
| 10p ordinary | CFD | Increasing Short | 18,940 | 5.4637 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 6,304 | 5.4635 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 27,700 | 5.4614 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 585 | 5.4567 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 111,524 | 5.4534 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 819 | 5.4534 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 35,779 | 5.4188 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 725 | 5.4442 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,315 | 5.4462 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 18,701 | 5.4625 GBP | |||
| 10p ordinary | SWAP | Opening Long | 4,045 | 5.4588 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 15 | 5.4140 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 788 | 5.4480 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,713 | 5.4508 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,805 | 5.4543 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,113 | 5.4564 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 117 | 5.4660 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 18 | 5.4960 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 138,663 | 5.4140 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 51,225 | 5.4167 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 68,847 | 5.4561 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 24,002 | 5.4580 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 207 | 5.4600 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,007 | 5.4628 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 166 | 5.4640 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 89,103 | 5.4920 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,207 | 5.4139 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 750 | 5.4405 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 6,268 | 5.4438 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,296 | 5.4461 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,090 | 5.4568 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,630 | 5.4630 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,554 | 5.4676 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,829 | 5.4678 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 18,643 | 5.4685 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,080 | 5.4709 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 11,527 | 5.4755 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 29,018 | 5.4140 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,406 | 5.4404 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,392 | 5.4438 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,730 | 5.4443 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,996 | 5.4470 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,878 | 5.4477 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,211 | 5.4488 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,339 | 5.4503 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 35,573 | 5.4522 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 838 | 5.4567 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7 | 5.4408 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 2,226 | 5.4621 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 48,432 | 5.4664 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 43 | 5.4140 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,026 | 5.4620 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 44,809 | 5.4140 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,835 | 5.4550 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 19,453 | 5.4573 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 16,524 | 5.4920 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
| security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
| security |
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| securities | unit | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the exempt principal trader making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 16 Aug 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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