25th Jul 2024 12:06
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: | 24 July 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
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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
| 553046 | 5.06701 GBP | 4.92750 GBP |
10p ordinary | Sell
| 1401307 | 5.06800 GBP | 4.92775 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 | 380 | 4.96183157894737 GBP |
10p ordinary | CFD
| Long | 2930 | 5.02202423 GBP |
10p ordinary | CFD
| Long | 1236 | 4.95657362177994 GBP |
10p ordinary | CFD
| Long | 4138 | 5.04181826973659 GBP |
10p ordinary | CFD
| Long | 74728 | 5.04483712441976 GBP |
10p ordinary | CFD
| Long | 12259 | 4.9664054392169 GBP |
10p ordinary | CFD
| Long | 5401 | 4.969722 GBP |
10p ordinary | CFD
| Long | 8163 | 5.01180816 GBP |
10p ordinary | CFD
| Long | 26644 | 5.05953776 GBP |
10p ordinary | CFD
| Long | 1882 | 5.05283741 GBP |
10p ordinary | CFD
| Long | 864 | 5.024308 GBP |
10p ordinary | CFD
| Long | 185 | 4.91664865 GBP |
10p ordinary | CFD
| Long | 387 | 4.977 GBP |
10p ordinary | CFD
| Long | 40 | 5.068 GBP |
10p ordinary | CFD
| Long | 2800 | 4.94291071428571 GBP |
10p ordinary | CFD
| Long | 83464 | 5.066 GBP |
10p ordinary | CFD
| Long | 29136 | 5.02680247607599 GBP |
10p ordinary | CFD
| Long | 4087 | 5.0165013436873 GBP |
10p ordinary | CFD
| Long | 10538 | 5.00988664 GBP |
10p ordinary | CFD
| Long | 787 | 4.946925 GBP |
10p ordinary | CFD
| Long | 417 | 5.03043165 GBP |
10p ordinary | CFD
| Long | 100 | 4.9886 GBP |
10p ordinary | CFD
| Long | 97886 | 5.06322 GBP |
10p ordinary | CFD
| Long | 906023 | 5.04015601 GBP |
10p ordinary | CFD
| Long | 2511 | 5.0652409398646 GBP |
10p ordinary | CFD
| Short | 2500 | 4.9275 GBP |
10p ordinary | CFD
| Short | 6300 | 4.9482 GBP |
10p ordinary | CFD
| Short | 9000 | 4.9345 GBP |
10p ordinary | CFD
| Short | 14133 | 4.9896 GBP |
10p ordinary | CFD
| Short | 6300 | 4.9435 GBP |
10p ordinary | CFD
| Short | 10867 | 4.9842 GBP |
10p ordinary | CFD
| Short | 6300 | 4.9462 GBP |
10p ordinary | CFD
| Short | 6300 | 4.955 GBP |
10p ordinary | CFD
| Short | 5400 | 4.9421 GBP |
10p ordinary | CFD
| Short | 168632 | 5.066 GBP |
10p ordinary | CFD
| Short | 30623 | 5.066253 GBP |
10p ordinary | CFD
| Short | 6111 | 5.04140893356897 GBP |
10p ordinary | CFD
| Short | 4311 | 5.03819763395964 GBP |
10p ordinary | CFD
| Short | 1853 | 4.96401403167836 GBP |
10p ordinary | CFD
| Short | 4682 | 4.94687643734729 GBP |
10p ordinary | CFD
| Short | 5900 | 4.96802033898305 GBP |
10p ordinary | CFD
| Short | 31741 | 5.056884 GBP |
10p ordinary | CFD
| Short | 35953 | 5.029067 GBP |
10p ordinary | CFD
| Short | 2521 | 5.033599 GBP |
10p ordinary | CFD
| Short | 1761 | 5.035 GBP |
10p ordinary | CFD
| Short | 2086 | 5.03819942473634 GBP |
10p ordinary | CFD
| Short | 19685 | 5.04376623 GBP |
10p ordinary | CFD
| Short | 642 | 5.06700934579439 GBP |
10p ordinary | CFD
| Short | 216 | 5.01180728666667 GBP |
10p ordinary | CFD
| Short | 24606 | 5.04422701780054 GBP |
10p ordinary | CFD
| Short | 24494 | 5.06635461745734 GBP |
10p ordinary | CFD
| Short | 49 | 5.02686134571429 GBP |
10p ordinary | CFD
| Short | 3927 | 5.01456175227909 GBP |
10p ordinary | CFD
| Short | 14052 | 5.0084944118887 GBP |
10p ordinary | CFD
| Short | 5400 | 4.9394 GBP |
10p ordinary | CFD
| Short | 2500 | 4.9277 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: | 25 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