| 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: |
| 19 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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| 9,584,776 | 0.98% | 3,895,279 | 0.40% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 2,957,608 | 0.30% | 8,323,449 | 0.85% |
| (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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| 12,542,384 | 1.29% | 12,218,728 | 1.25% |
| (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 | 542,230 | 5.5400 GBP | 5.3720 GBP | |||
| 10p ordinary | Sale | 1,804,539 | 5.5400 GBP | 5.3580 GBP | |||
| ADR | Purchase | 2,000 | 14.2800 USD | 14.2800 USD | |||
| ADR | Sale | 2,000 | 14.2800 USD | 14.2800 USD | |||
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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 | SWAP | Decreasing Long | 523 | 5.4979 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 63 | 5.4984 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 198 | 5.5044 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 507 | 5.5045 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 431 | 5.5056 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,126 | 5.5108 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 3,231 | 5.5122 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 110 | 5.5211 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 994 | 5.3815 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,170 | 5.4029 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 17,785 | 5.4060 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,301 | 5.4189 GBP | |||
| 10p ordinary | CFD | Opening Long | 58,765 | 5.4643 GBP | |||
| 10p ordinary | CFD | Increasing Long | 34,030 | 5.4836 GBP | |||
| 10p ordinary | CFD | Increasing Long | 6,421 | 5.5240 GBP | |||
| 10p ordinary | CFD | Increasing Long | 15,404 | 5.5395 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 1,958 | 5.4760 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 3,340 | 5.4959 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 2,558 | 5.5259 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 2,994 | 5.5310 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 212 | 5.5400 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 13,444 | 5.4491 GBP | |||
| 10p ordinary | SWAP | Opening Short | 32 | 5.5200 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,100 | 5.5234 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 723 | 5.4553 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 139,322 | 5.5201 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,897 | 5.5197 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 69,521 | 5.5372 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,550 | 5.4250 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 225 | 5.5302 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 60 | 5.5400 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 548 | 5.5240 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 251,053 | 5.3580 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,404 | 5.4073 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 156,183 | 5.4727 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 23,836 | 5.5290 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 84,394 | 5.5296 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 297 | 5.5320 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 65,960 | 5.5400 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,213 | 5.4093 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 607 | 5.4160 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 39,899 | 5.4420 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,385 | 5.4838 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 17 | 5.5400 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 39,262 | 5.4740 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,997 | 5.4817 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 22,401 | 5.4834 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 11,541 | 5.5010 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,628 | 5.5011 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 20,034 | 5.5039 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 29,725 | 5.5072 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 17,919 | 5.5158 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,604 | 5.5173 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 28,732 | 5.5199 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,831 | 5.4124 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,291 | 5.4174 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,248 | 5.4394 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 191 | 5.4879 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 980 | 5.5284 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 9,214 | 5.5298 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,046 | 5.5301 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,066 | 5.5303 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,967 | 5.5311 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 140,446 | 5.5400 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,218 | 5.4500 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,891 | 5.5303 GBP | |||
| 10p ordinary | SWAP | Closing Short | 2,429 | 5.5310 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 48,432 | 5.4037 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 48,432 | 5.5028 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 12,133 | 5.5292 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 413 | 5.4273 GBP | |||
| 10p ordinary | SWAP | Opening Long | 83,953 | 5.4661 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 117,687 | 5.5400 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 48 | 5.5400 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 19,714 | 5.3580 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: | 20 Aug 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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