13th Mar 2024 11:59
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: | 12 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 |
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
| 764744 | 4.82148 GBP | 4.71592 GBP |
10p ordinary | Sell
| 505842 | 4.82148 GBP | 4.71592 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 | 3967 | 4.744 GBP |
10p ordinary | CFD
| Long | 17091 | 4.744246 GBP |
10p ordinary | CFD
| Long | 985 | 4.72694416 GBP |
10p ordinary | CFD
| Long | 3225 | 4.75136682170543 GBP |
10p ordinary | CFD
| Long | 59 | 4.752034 GBP |
10p ordinary | CFD
| Long | 1406 | 4.745 GBP |
10p ordinary | CFD
| Long | 573 | 4.7660034904014 GBP |
10p ordinary | CFD
| Long | 556 | 4.7610071942446 GBP |
10p ordinary | CFD
| Long | 237 | 4.732713 GBP |
10p ordinary | CFD
| Long | 734 | 4.749305 GBP |
10p ordinary | CFD
| Long | 1 | 4.7435 GBP |
10p ordinary | CFD
| Long | 5734 | 4.745424 GBP |
10p ordinary | CFD
| Long | 458 | 4.74679 GBP |
10p ordinary | CFD
| Long | 615 | 4.747 GBP |
10p ordinary | CFD
| Long | 34079 | 4.747762 GBP |
10p ordinary | CFD
| Long | 476 | 4.719685 GBP |
10p ordinary | CFD
| Long | 1793 | 4.74621802 GBP |
10p ordinary | CFD
| Long | 524 | 4.739 GBP |
10p ordinary | CFD
| Long | 887 | 4.74 GBP |
10p ordinary | CFD
| Long | 1449 | 4.75134989648033 GBP |
10p ordinary | CFD
| Long | 16900 | 4.75227573964497 GBP |
10p ordinary | CFD
| Short | 3114 | 4.74347141939627 GBP |
10p ordinary | CFD
| Short | 105 | 4.7526 GBP |
10p ordinary | CFD
| Short | 20933 | 4.75566091816749 GBP |
10p ordinary | CFD
| Short | 17809 | 4.75193 GBP |
10p ordinary | CFD
| Short | 4038 | 4.748898 GBP |
10p ordinary | CFD
| Short | 10547 | 4.744516 GBP |
10p ordinary | CFD
| Short | 322 | 4.758006 GBP |
10p ordinary | CFD
| Short | 326 | 4.755166 GBP |
10p ordinary | CFD
| Short | 21755 | 4.744 GBP |
10p ordinary | CFD
| Short | 66219 | 4.745033 GBP |
10p ordinary | CFD
| Short | 53585 | 4.744237 GBP |
10p ordinary | CFD
| Short | 522 | 4.7555063 GBP |
10p ordinary | CFD
| Short | 137 | 4.748715 GBP |
10p ordinary | CFD
| Short | 331 | 4.74954834 GBP |
10p ordinary | CFD
| Short | 1 | 4.75 GBP |
10p ordinary | CFD
| Short | 68809 | 4.749397 GBP |
10p ordinary | CFD
| Short | 25862 | 4.7449808 GBP |
10p ordinary | CFD
| Short | 15570 | 4.74826724 GBP |
10p ordinary | CFD
| Short | 6008 | 4.75277847 GBP |
10p ordinary | CFD
| Short | 1797 | 4.7405 GBP |
10p ordinary | CFD
| Short | 1399 | 4.74345925661187 GBP |
10p ordinary | CFD
| Short | 36347 | 4.748781 GBP |
10p ordinary | CFD
| Short | 1768 | 4.758 GBP |
10p ordinary | CFD
| Short | 3980 | 4.74622781 GBP |
10p ordinary | CFD
| Short | 29270 | 4.74835667 GBP |
10p ordinary | CFD
| Short | 11188 | 4.75366209 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: | 13 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