Schroders PLC has disclosed its position in Redrow PLC and Barratt Developments PLC in accordance with Rule 8.3 of the Takeover Code. As of 11th March 2024, Schroders PLC holds 1.623% of the 10.5p ordinary shares in Redrow PLC, amounting to 5,368,223 shares. Additionally, the company has stated that it does not have discretion regarding dealing and/or offer acceptance/voting decisions in respect of 1,520,000 shares included in the total. Schroders PLC also revealed that it has made a sale of 75,529 10.5p ordinary shares in Redrow PLC at a price of 6.70271803 GBP per unit.

Furthermore, the disclosure indicates that Schroders PLC is also making disclosures in respect of Barratt Developments PLC. The company has not disclosed any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives in connection with its positions in Redrow PLC and Barratt Developments PLC.

This disclosure provides insight into Schroders PLC's holdings and dealings with Redrow PLC and Barratt Developments PLC, offering transparency in line with regulatory requirements.