Form 8 (OPD) - Barratt Developments PLC

Barratt Developments PLC

20 February 2024

 

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Barratt Developments PLC
(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.	N/A
(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) Is the discloser the offeror or the offeree?	OFFEROR
(e) Date position held:      The latest practicable date prior to the disclosure	19 February 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 PARTY TO THE OFFER 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

Class of relevant security:
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	-	Nil	-
(2) Cash-settled derivatives:	Nil	-	Nil	-
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	-	Nil	-
TOTAL:	Nil	-	Nil	-

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).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b)        Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

(A)  Interests in Barratt Developments PLC's ordinary shares of 10 pence each held by directors of Barratt Developments PLC and their close relatives and related trusts Barratt Developments PLC Director Number of relevant securities owned and/or controlled %** Caroline Silver 10,000 0.00 David Thomas* 1,326,830 0.13 Steven Boyes* 728,582 0.07 Mike Scott 69,620 0.00 Jock Lennox 10,000 0.00 Katie Bickerstaffe 8,489 0.00 Jasi Halai 12,581 0.00 Nigel Webb 12,660 0.00 *Includes interests held by close relatives and related trusts **Figures are rounded down to 2 decimal places (B)  Interests under Barratt Developments PLC's share plans held by the directors of Barratt Developments PLC and their close relatives and related trusts Barratt Developments PLC Director Share Plan Number of ordinary shares under option / subject to award Grant Date Vesting Date / Exercise Period Exercise Price per share (£) David Thomas Long-Term Performance Plan 390,914 21-Dec-2023 19-Oct-2026 Nil Long-Term Performance Plan 307,746 12-Oct-2022 12-Oct-2025 Nil Long-Term Performance Plan 224,370 14-Oct-2021 14-Oct-2024 Nil Deferred Bonus Plan 88,632 12-Oct-2022 12-Oct-2025 Nil Deferred Bonus Plan 52,138 24-Sep-2021 24-Sep-2024 Nil SAYE 2,483 07-Apr-2021 01-Jul-2026 to 31-Dec-2026 6.04 SAYE 2,890 09-Apr-2019 01-Jul-2024 to 31-Dec-2024 5.19 Employee Long-Term Incentive Plan* 304 17-Jul-2023 01-Jul-2025 Nil Mike Scott Long-Term Performance Plan 240,563 21-Dec-2023 19-Oct-2026 Nil Long-Term Performance Plan 189,382 12-Oct-2022 12-Oct-2025 Nil Long-Term Performance Plan 117,716 14-Feb-2022 14-Oct-2024 Nil SAYE 4,128 06-Apr-2022 01-Jul-2025 to 31-Dec-2025 4.36 Steven Boyes Long-Term Performance Plan 315,329 21-Dec-2023 19-Oct-2026 Nil Long-Term Performance Plan 248,243 12-Oct-2022 12-Oct-2025 Nil Long-Term Performance Plan 180,987 14-Oct-2021 14-Oct-2024 Nil Deferred Bonus Plan 71,495 12-Oct-2022 12-Oct-2025 Nil Deferred Bonus Plan 41,263 24-Sep-2021 24-Sep-2024 Nil SAYE* 5,186 12-Apr-2023 01-Jul-2026 to 31-Dec-2026 3.47 SAYE 1,490 07-Apr-2021 01-Jul-2024 to 31-Dec-2024 6.04 Employee Long-Term Incentive Plan* 304 17-Jul-2023 01-Jul-2025 Nil Employee Long-Term Incentive Plan* 271 15-Jul-2022 01-Jul-2024 Nil *Includes interests held by close relatives and related trusts (C)  Interests in Barratt Developments PLC's ordinary shares of 10 pence each held by other concert parties of Barratt Developments PLC Concert Party Number of relevant securities owned and/or controlled %* Calvert Research and Management 64,328 0.00 Evelyn Partners Group Limited 473,326 0.04 UBS AG Australia Branch 1,406 0.00 *Figures are rounded down to 2 decimal places

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).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

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 party to the offer making the disclosure or any person acting in concert with it: 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 party to the offer making the disclosure, or any person acting in concert with it, 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

Are any Supplemental Forms attached?

Supplemental Form 8 (Open Positions)	NO
Supplemental Form 8 (SBL)	NO

Date of disclosure:	20 February 2024
Contact name:	Tina Bains Group Company Secretary
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