NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN,
INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF THAT
JURISDICTION
23 August
2024
RECOMMENDED ALL-SHARE OFFER FOR THE COMBINATION
of
BARRATT
DEVELOPMENTS PLC ("Barratt")
and
REDROW
PLC ("Redrow")
Admission of New Barratt
Shares
Further to the joint announcement of Barratt
and Redrow on 21 August 2024, Barratt is pleased to confirm that
476,309,120 new ordinary shares of £0.10
each in the capital of Barratt (the "New Barratt Shares") were
admitted to listing on the Official List maintained by the
Financial Conduct Authority (the "FCA") and to trading on the London
Stock Exchange's main market for listed securities, with effect
from 8.00 a.m. today, 23 August 2024.
Following the admission of the New
Barratt Shares and in accordance with the FCA's Disclosure Guidance
and Transparency Rules 5.6.1R and 5.6.1AR, Barratt hereby notifies
the market that Barratt's issued share capital as at today, 23
August 2024, consists of 1,450,901,381
ordinary shares of £0.10
each. This figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, Barratt under the FCA's Disclosure
Guidance and Transparency Rules.
A separate announcement is expected
to be made regarding the cancellation of the listing and trading of
Redrow's shares.
Capitalised terms used but not
otherwise defined in this announcement have the meanings given to
them in the scheme document published on 19 April 2024 in relation
to the Combination.
Enquiries:
Barratt
|
|
Mike Scott, Chief Financial
Officer
John Messenger, Group Investor
Relations Director
|
+44 (0) 20
7404 5959
|
UBS (Lead Financial Adviser, Sole Corporate
Broker and Sponsor to Barratt)
|
Jonathan Retter
Joe Hannon
Anisah Mahomed
|
+44 (0) 20
7567 8000
|
Morgan Stanley (Financial Adviser to
Barratt)
|
|
Shirav Patel
Nick White
|
+44 (0) 20
7425 8000
|
Brunswick group LLP (Public Relations Adviser
to Barratt)
|
|
Jonathan Glass
Rosie Oddy
Peter Hesse
|
+44 (0) 20
7457 2045
|
Linklaters LLP is retained as legal
adviser to Barratt.
Important
notice
UBS AG London
Branch ("UBS") is
authorised and regulated by the Financial Market Supervisory
Authority in Switzerland. It is authorised by the Prudential
Regulation Authority and subject to regulation by the Financial
Conduct Authority and limited regulation by the Prudential
Regulation Authority in the United Kingdom. UBS is acting
exclusively as sole corporate broker, lead financial adviser and
sole sponsor to Barratt and no one else in connection with the
Combination. In connection with such matters, UBS will not regard
any other person as its client, nor will it be responsible to any
other person for providing the protections afforded to its clients
or for providing advice in relation to the Combination, the
contents of this announcement or any other matter referred to
herein.
Morgan
Stanley & Co. International plc ("Morgan Stanley"), which is authorised
by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority
in the UK is acting as financial adviser exclusively for Barratt
and no one else in connection with the Combination. In connection
with the Combination, Morgan Stanley, its affiliates and their
respective directors, officers, employees and agents will not
regard any other person as their client, nor will they be
responsible to any person other than Barratt for providing the
protections afforded to clients of Morgan Stanley or for providing
advice in connection with any matter referred to
herein.
Further
information
This announcement is for information purposes only and does
not constitute an offer to sell or an invitation to purchase any
securities or the solicitation of an offer to buy any securities,
pursuant to the Combination or otherwise.
This announcement does not constitute a prospectus or
prospectus exempted document. The New Barratt Shares are not being
offered to the public by means of this
announcement.
This announcement has been prepared for the purpose of
complying with English law and the City Code on Takeovers and
Mergers (the "Code") and
the information disclosed may not be the same as that which would
have been disclosed if this announcement had been prepared in
accordance with the laws of jurisdictions outside England and
Wales. The Combination will be subject to the applicable
requirements of the Code, the Panel, the FCA and the London Stock
Exchange.
Publication on Website
A copy of
this announcement will be made available, subject to certain
restrictions relating to persons resident in restricted
jurisdictions, on Barratt's website at
www.barrattdevelopments.co.uk by no later than 12 noon (London
time) on 27 August 2024. For the avoidance of doubt, the contents
of the website are not incorporated into and do not form part of
this announcement.
Barratt
Shareholders may, subject to applicable securities law, request a
hard copy of this announcement by contacting Barratt's Registrars,
Equiniti Group, between 8.30 a.m. and 5.30 p.m. Monday to Friday
(except public holidays in England and Wales) on +44 371 384 2657
or by submitting a request in writing to Equiniti Group, Aspect
House, Spencer Road, Lancing, West Sussex, BN99
6DA.
If you are in
any doubt as to the contents of this announcement, you should
consult your stockbroker, bank manager, solicitor, accountant or
other independent professional adviser who, if you are taking
advice in the United Kingdom, is authorised pursuant to the
Financial Services and Markets Act 2000 (as amended) or, if you are
in a territory outside the United Kingdom, is an appropriately
authorised independent financial adviser.
Barratt
Developments plc's legal entity identifier is
2138006R85VEOF5YNK29.