Barratt Developments PLC

Major Shareholding Notification • Feb 20, 2024

National Storage Mechanism | Additional information

RNS Number : 8104D

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:	+44 (0) 7702 676 380

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 +44 (0)20 7638 0129.

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

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