Form 8.3 - Barratt Developments plc

Societe Generale SA

27 February 2024

 

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	SOCIETE GENERALE SA
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Barratt Developments plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	26/02/2024
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?      If it is a cash offer or possible cash offer, state "N/A"	Yes: Redrow plc

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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:	3,210,136	0.33	2,277,396	0.23
(2)  Cash-settled derivatives:	*2,163,933	0.22	31,480	0.00
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	5,374,069	0.55	2,308,876	0.24

*The change in the holding of 771,960 shares is due to a derivative which is referenced to a

 basket of securities becoming disclosable for the purpose of the Code

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors' and other employee 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 PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit GBP
10p ordinary	Purchase	9,218	4.78534
10p ordinary	Purchase	3,058	4.71145
10p ordinary	Purchase	14,616	4.74874
10p ordinary	Purchase	8,953	4.7806
10p ordinary	Purchase	11,369	4.73969
10p ordinary	Purchase	22,773	4.77309
10p ordinary	Purchase	38,227	4.76478
10p ordinary	Purchase	3,307	4.76498
10p ordinary	Purchase	232	4.77926
10p ordinary	Purchase	390	4.674
10p ordinary	Purchase	368	4.723
10p ordinary	Purchase	8	4.783
10p ordinary	Purchase	125	4.73
10p ordinary	Purchase	149	4.772
10p ordinary	Purchase	157	4.73
10p ordinary	Purchase	164	4.722
10p ordinary	Purchase	174	4.73
10p ordinary	Purchase	368	4.723
10p ordinary	Purchase	420	4.772
10p ordinary	Purchase	491	4.722
10p ordinary	Purchase	500	4.765
10p ordinary	Purchase	581	4.783
10p ordinary	Purchase	593	4.724
10p ordinary	Purchase	658	4.781
10p ordinary	Purchase	64	4.774
10p ordinary	Purchase	93	4.748
10p ordinary	Purchase	105	4.774
10p ordinary	Purchase	113	4.748
10p ordinary	Purchase	129	4.784
10p ordinary	Purchase	196	4.676
10p ordinary	Purchase	224	4.793
10p ordinary	Purchase	273	4.715
10p ordinary	Purchase	341	4.748
10p ordinary	Purchase	352	4.748
10p ordinary	Purchase	557	4.769
10p ordinary	Purchase	565	4.715
10p ordinary	Purchase	718	4.676
10p ordinary	Purchase	770	4.769
10p ordinary	Purchase	792	4.774
10p ordinary	Purchase	832	4.774
10p ordinary	Purchase	893	4.784
10p ordinary	Purchase	893	4.79
10p ordinary	Purchase	893	4.791
10p ordinary	Purchase	896	4.773
10p ordinary	Purchase	896	4.775
10p ordinary	Purchase	896	4.776
10p ordinary	Purchase	896	4.776
10p ordinary	Purchase	897	4.773
10p ordinary	Purchase	897	4.774
10p ordinary	Purchase	901	4.738
10p ordinary	Purchase	907	4.704
10p ordinary	Purchase	907	4.705
10p ordinary	Purchase	908	4.706
10p ordinary	Purchase	908	4.707
10p ordinary	Purchase	908	4.707
10p ordinary	Purchase	908	4.708
10p ordinary	Purchase	981	4.793
10p ordinary	Purchase	1,212	4.764
10p ordinary	Purchase	1,656	4.724
10p ordinary	Purchase	311	4.773
10p ordinary	Purchase	6,376	4.773
10p ordinary	Purchase	570	4.773
10p ordinary	Purchase	11,215	4.773
10p ordinary	Sale	2,500	4.7466
10p ordinary	Sale	974	4.773
10p ordinary	Sale	82	4.792
10p ordinary	Sale	365	4.792
10p ordinary	Sale	21	4.787
10p ordinary	Sale	44	4.787
10p ordinary	Sale	135	4.794
10p ordinary	Sale	191	4.7
10p ordinary	Sale	213	4.7
10p ordinary	Sale	263	4.795
10p ordinary	Sale	273	4.775
10p ordinary	Sale	312	4.772
10p ordinary	Sale	321	4.785
10p ordinary	Sale	367	4.793
10p ordinary	Sale	386	4.703
10p ordinary	Sale	430	4.703
10p ordinary	Sale	506	4.7
10p ordinary	Sale	526	4.793
10p ordinary	Sale	573	4.785
10p ordinary	Sale	638	4.785
10p ordinary	Sale	758	4.794
10p ordinary	Sale	891	4.798
10p ordinary	Sale	893	4.79
10p ordinary	Sale	893	4.792
10p ordinary	Sale	894	4.788
10p ordinary	Sale	894	4.788
10p ordinary	Sale	895	4.783
10p ordinary	Sale	895	4.784
10p ordinary	Sale	897	4.775
10p ordinary	Sale	902	4.797
10p ordinary	Sale	903	4.741
10p ordinary	Sale	903	4.742
10p ordinary	Sale	904	4.735
10p ordinary	Sale	905	4.732
10p ordinary	Sale	905	4.733
10p ordinary	Sale	905	4.734
10p ordinary	Sale	914	4.683
10p ordinary	Sale	915	4.68
10p ordinary	Sale	2,000	4.773
10p ordinary	Sale	2,105	4.772

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit GBP
10p ordinary	CFD	Reducing a long position	9,218	4.78534
10p ordinary	CFD	Reducing a long position	3,058	4.71145
10p ordinary	CFD	Reducing a long position	14,616	4.74874
10p ordinary	CFD	Reducing a long position	8,953	4.7806
10p ordinary	CFD	Reducing a long position	11,369	4.73969
10p ordinary	CFD	Reducing a long position	22,773	4.77309
10p ordinary	CFD	Reducing a long position	38,227	4.76478
10p ordinary	CFD	Reducing a long position	3,307	4.76498
10p ordinary	CFD	Reducing a long position	232	4.77926
10p ordinary	CFD	Increasing a long position	2,500	4.7466

(c)        Stock-settled derivative transactions (including options)

(i)         Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

Price per unit (if applicable)

4.         OTHER INFORMATION

(a)        Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	27/02/2024
Contact name:	Paul Jenkins
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END