1st Jul 2024 11:37
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the Code)
1. KEY INFORMATION
(a) Name of exempt principal trader: | UBS Investment Bank, London |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Barratt Developments plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Barratt Developments plc |
(d) Date dealing undertaken: | 28 June 2024 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | NO |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(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 | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
10p ordinary | Buy
| 987513 | 4.76097 GBP | 4.706608 GBP |
10p ordinary | Sell
| 849668 | 4.768966 GBP | 4.712530 GBP |
(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 |
10p ordinary | CFD
| Long | 1331 | 4.73812585 GBP |
10p ordinary | CFD
| Long | 3105 | 4.7431823652818 GBP |
10p ordinary | CFD
| Long | 83908 | 4.722 GBP |
10p ordinary | CFD
| Long | 687 | 4.73502766 GBP |
10p ordinary | CFD
| Long | 4744 | 4.71253014497892 GBP |
10p ordinary | CFD
| Long | 7690 | 4.7506488946684 GBP |
10p ordinary | CFD
| Long | 10230 | 4.76359081405963 GBP |
10p ordinary | CFD
| Long | 17631 | 4.73636334 GBP |
10p ordinary | CFD
| Long | 1544 | 4.72164508 GBP |
10p ordinary | CFD
| Long | 376 | 4.74050532 GBP |
10p ordinary | CFD
| Long | 3356 | 4.7212634084416 GBP |
10p ordinary | CFD
| Long | 37885 | 4.71895948264485 GBP |
10p ordinary | CFD
| Long | 10529 | 4.722753 GBP |
10p ordinary | CFD
| Long | 155610 | 4.71895932138037 GBP |
10p ordinary | CFD
| Long | 1246 | 4.74618626 GBP |
10p ordinary | CFD
| Long | 758 | 4.72898945015831 GBP |
10p ordinary | CFD
| Long | 12880 | 4.72522205 GBP |
10p ordinary | CFD
| Long | 570 | 4.736754 GBP |
10p ordinary | CFD
| Long | 1481 | 4.73613808116138 GBP |
10p ordinary | CFD
| Long | 40600 | 4.71981838 GBP |
10p ordinary | CFD
| Long | 590 | 4.731193 GBP |
10p ordinary | CFD
| Long | 6400 | 4.7222234375 GBP |
10p ordinary | CFD
| Long | 144355 | 4.76307069377576 GBP |
10p ordinary | CFD
| Long | 4129 | 4.721377 GBP |
10p ordinary | CFD
| Short | 12137 | 4.722 GBP |
10p ordinary | CFD
| Short | 17003 | 4.728645 GBP |
10p ordinary | CFD
| Short | 69907 | 4.72224553433977 GBP |
10p ordinary | CFD
| Short | 4499 | 4.722236 GBP |
10p ordinary | CFD
| Short | 7792 | 4.7328462545598 GBP |
10p ordinary | CFD
| Short | 1669 | 4.73211814 GBP |
10p ordinary | CFD
| Short | 1121 | 4.737297 GBP |
10p ordinary | CFD
| Short | 1026 | 4.7066088042885 GBP |
10p ordinary | CFD
| Short | 288000 | 4.75285 GBP |
10p ordinary | CFD
| Short | 7733 | 4.74661451098668 GBP |
10p ordinary | CFD
| Short | 159 | 4.7435 GBP |
10p ordinary | CFD
| Short | 5857 | 4.73895475 GBP |
10p ordinary | CFD
| Short | 144000 | 4.737841 GBP |
10p ordinary | CFD
| Short | 106392 | 4.760969 GBP |
10p ordinary | CFD
| Short | 1897 | 4.74453664 GBP |
10p ordinary | CFD
| Short | 444 | 4.744 GBP |
10p ordinary | CFD
| Short | 885 | 4.74 GBP |
10p ordinary | CFD
| Short | 25334 | 4.72535122712481 GBP |
10p ordinary | CFD
| Short | 1837 | 4.7197631968209 GBP |
(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 |
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(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) |
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3. 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 exempt principal trader 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
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(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader 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 |
| Date of disclosure: | 01 July 2024 |
| Contact name: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
Barratt Developments