| FORM 8.5 (EPT/NON-RI) - Amendment to section 2a, 3a and 3b |
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| Replaces form released on 11:48 21/02/2024 |
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| RNS Number : 9614D |
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| 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 | REDROW PLC | |||||
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| relevant securities this form relates: | |||||||
| (c) | Name of the party to the offer with which exempt | REDROW PLC | |||||
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| principal trader is connected | |||||||
| (d) | Date position held/dealing undertaken: | 20-Feb-24 | |||||
| (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? | BARRATT DEVELOPMENTS PLC | ||||||
| 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: | 10.5p ordinary | ||||||
| | Interests | Short Positions | |||||
| Number | (%) | Number | (%) | ||||
| (1) Relevant securities owned and/or controlled: | 7,289,855 | 2.20% | 2,681,566 | 0.81% | |||
| (2) Cash-settled derivatives: | 1,353,648 | 0.40% | 7,085,041 | 2.14% | |||
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00% | 0 | 0.00% | |||
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| 8,643,503 | 2.60% | 9,766,607 | 2.95% | |||
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| TOTAL: | |||||||
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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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| which subscription right exists | |||||||
| Details, including nature of the rights |
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| concerned and relevant percentages: | |||||||
| 3 | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchase and sales |
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| Class of relevant | Purchase/sale | Total number of | Highest price per unit | Lowest price per unit | |||
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| security | securities | paid/received | paid/received | ||||
| 10.5p ordinary | Purchase | 393527 | 6.7550 GBP | 6.6800 GBP | |||
| 10.5p ordinary | Sale | 189260 | 6.7599 GBP | 6.6700 GBP | |||
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| (b) | Cash-settled derivative transactions | ||||||
| Class of | Product description | Nature of dealing | Number of | Price per | |||
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| relevant | reference | unit | |||||
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| security | securities | | |||||
| 10.5p ordinary | SWAP | Decreasing Long | 114 | 6.7200 GBP | |||
| 10.5p ordinary | SWAP | Decreasing Long | 170 | 6.7140 GBP | |||
| 10.5p ordinary | SWAP | Decreasing Long | 360 | 6.7083 GBP | |||
| 10.5p ordinary | SWAP | Decreasing Long | 2,367 | 6.7081 GBP | |||
| 10.5p ordinary | SWAP | Decreasing Short | 100 | 6.7049 GBP | |||
| 10.5p ordinary | SWAP | Decreasing Short | 394 | 6.6700 GBP | |||
| 10.5p ordinary | SWAP | Decreasing Short | 1,473 | 6.7200 GBP | |||
| 10.5p ordinary | SWAP | Decreasing Short | 2,448 | 6.7075 GBP | |||
| 10.5p ordinary | CFD | Decreasing Short | 8,679 | 6.6800 GBP | |||
| 10.5p ordinary | SWAP | Decreasing Short | 10,532 | 6.7321 GBP | |||
| 10.5p ordinary | SWAP | Decreasing Short | 14,052 | 6.7205 GBP | |||
| 10.5p ordinary | SWAP | Decreasing Short | 19,554 | 6.7278 GBP | |||
| 10.5p ordinary | SWAP | Decreasing Short | 25,810 | 6.7285 GBP | |||
| 10.5p ordinary | SWAP | Increasing Long | 16 | 6.7599 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 1 | 6.7200 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 131 | 6.7000 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 205 | 6.7150 GBP | |||
| 10.5p ordinary | CFD | Increasing Short | 310 | 6.6800 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 350 | 6.7366 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 644 | 6.7250 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 689 | 6.7259 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 913 | 6.7080 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 920 | 6.7117 GBP | |||
| 10.5p ordinary | CFD | Increasing Short | 1,060 | 6.6809 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 2,246 | 6.7311 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 3,974 | 6.7119 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 5,003 | 6.7301 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 62,435 | 6.7285 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 88,625 | 6.7291 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 100,000 | 6.7154 GBP | |||
| 10.5p ordinary | SWAP | Increasing Short | 20,000 | 6.7210 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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| of | description | purchasing, | of | price | date | money | |
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| relevant | | selling, | securities | per unit | | paid/ | |
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| security | | varying etc | to which | | | received | |
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| | | | option | | | per unit | |
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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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| security | securities | unit | |||||
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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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| security | applicable) | ||||||
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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, 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 | |||||||
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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: | |||||||
| NONE | |||||||
| (c) | Attachments | ||||||
| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 11-Apr-24 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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