12th Mar 2024 12:04
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: | 11 March 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
| 588099 | 4.82500 GBP | 4.74352 GBP |
10p ordinary | Sell
| 1602004 | 4.81569 GBP | 4.73181 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 | 2623 | 4.78528021 GBP |
10p ordinary | CFD
| Long | 470 | 4.78 GBP |
10p ordinary | CFD
| Long | 5483 | 4.807172 GBP |
10p ordinary | CFD
| Long | 9 | 4.782222 GBP |
10p ordinary | CFD
| Long | 1140875 | 4.783 GBP |
10p ordinary | CFD
| Long | 1584 | 4.78147525 GBP |
10p ordinary | CFD
| Long | 11 | 4.732 GBP |
10p ordinary | CFD
| Long | 2507 | 4.785422 GBP |
10p ordinary | CFD
| Long | 558 | 4.743763 GBP |
10p ordinary | CFD
| Long | 9599 | 4.799211 GBP |
10p ordinary | CFD
| Long | 2971 | 4.806429 GBP |
10p ordinary | CFD
| Long | 2459 | 4.78647845 GBP |
10p ordinary | CFD
| Long | 5466 | 4.804665 GBP |
10p ordinary | CFD
| Long | 6721 | 4.8045 GBP |
10p ordinary | CFD
| Long | 1998 | 4.804501 GBP |
10p ordinary | CFD
| Long | 25668 | 4.79862942184822 GBP |
10p ordinary | CFD
| Long | 4488 | 4.804 GBP |
10p ordinary | CFD
| Long | 734 | 4.8025 GBP |
10p ordinary | CFD
| Long | 25427 | 4.78724074479884 GBP |
10p ordinary | CFD
| Long | 22650 | 4.798778 GBP |
10p ordinary | CFD
| Long | 3227 | 4.79933204214441 GBP |
10p ordinary | CFD
| Long | 37979 | 4.790227 GBP |
10p ordinary | CFD
| Long | 2161 | 4.802 GBP |
10p ordinary | CFD
| Long | 354 | 4.80290254 GBP |
10p ordinary | CFD
| Long | 8754 | 4.7966712360064 GBP |
10p ordinary | CFD
| Long | 739 | 4.801 GBP |
10p ordinary | CFD
| Long | 999 | 4.800501 GBP |
10p ordinary | CFD
| Long | 12586 | 4.81351827 GBP |
10p ordinary | CFD
| Long | 916 | 4.8005 GBP |
10p ordinary | CFD
| Long | 10000 | 4.784843496525 GBP |
10p ordinary | CFD
| Long | 3236 | 4.78299966007417 GBP |
10p ordinary | CFD
| Long | 12044 | 4.789199 GBP |
10p ordinary | CFD
| Long | 61872 | 4.784222 GBP |
10p ordinary | CFD
| Long | 8127 | 4.7945457733481 GBP |
10p ordinary | CFD
| Long | 4296 | 4.774945 GBP |
10p ordinary | CFD
| Long | 46095 | 4.78876 GBP |
10p ordinary | CFD
| Short | 21208 | 4.783239 GBP |
10p ordinary | CFD
| Short | 15765 | 4.78371772914684 GBP |
10p ordinary | CFD
| Short | 15668 | 4.800183 GBP |
10p ordinary | CFD
| Short | 12 | 4.783333 GBP |
10p ordinary | CFD
| Short | 10098 | 4.7974513 GBP |
10p ordinary | CFD
| Short | 5594 | 4.7964242 GBP |
10p ordinary | CFD
| Short | 22908 | 4.7829272 GBP |
10p ordinary | CFD
| Short | 2411 | 4.7817424 GBP |
10p ordinary | CFD
| Short | 2967 | 4.78371755982474 GBP |
10p ordinary | CFD
| Short | 2156 | 4.796 GBP |
10p ordinary | CFD
| Short | 1017 | 4.784 GBP |
10p ordinary | CFD
| Short | 501 | 4.766 GBP |
10p ordinary | CFD
| Short | 1529 | 4.805 GBP |
10p ordinary | CFD
| Short | 1141 | 4.825 GBP |
10p ordinary | CFD
| Short | 3028 | 4.817 GBP |
10p ordinary | CFD
| Short | 2719 | 4.804 GBP |
10p ordinary | CFD
| Short | 351 | 4.794541 GBP |
10p ordinary | CFD
| Short | 470 | 4.793564 GBP |
10p ordinary | CFD
| Short | 24400 | 4.78413770491803 GBP |
10p ordinary | CFD
| Short | 24801 | 4.800694 GBP |
10p ordinary | CFD
| Short | 26255 | 4.787839 GBP |
10p ordinary | CFD
| Short | 1223 | 4.784266 GBP |
10p ordinary | CFD
| Short | 2056 | 4.813 GBP |
10p ordinary | CFD
| Short | 2020 | 4.772201 GBP |
10p ordinary | CFD
| Short | 448 | 4.767 GBP |
10p ordinary | CFD
| Short | 320 | 4.81675 GBP |
10p ordinary | CFD
| Short | 777 | 4.785 GBP |
10p ordinary | CFD
| Short | 470 | 4.78 GBP |
10p ordinary | CFD
| Short | 1287 | 4.796857 GBP |
10p ordinary | CFD
| Short | 81703 | 4.800464 GBP |
10p ordinary | CFD
| Short | 4218 | 4.779728 GBP |
10p ordinary | CFD
| Short | 81713 | 4.78971177 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: | 12 March 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