27th Feb 2024 11:31
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: | 26 February 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
| 1901361 | 4.79899 GBP | 4.67423 GBP |
10p ordinary | Sell
| 1047135 | 4.79698 GBP | 4.67400 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 | 873 | 4.715 GBP |
10p ordinary | CFD
| Long | 4 | 4.7395 GBP |
10p ordinary | CFD
| Long | 19274 | 4.746381 GBP |
10p ordinary | CFD
| Long | 3281 | 4.778691 GBP |
10p ordinary | CFD
| Long | 98654 | 4.782301 GBP |
10p ordinary | CFD
| Long | 8610 | 4.770982 GBP |
10p ordinary | CFD
| Long | 4302 | 4.75682241 GBP |
10p ordinary | CFD
| Long | 68400 | 4.78433582 GBP |
10p ordinary | CFD
| Long | 112480 | 4.7068 GBP |
10p ordinary | CFD
| Long | 63344 | 4.773 GBP |
10p ordinary | CFD
| Long | 5031 | 4.774132 GBP |
10p ordinary | CFD
| Long | 2574 | 4.75843045843046 GBP |
10p ordinary | CFD
| Long | 111093 | 4.7316 GBP |
10p ordinary | CFD
| Long | 6558 | 4.783963 GBP |
10p ordinary | CFD
| Long | 16795 | 4.772762 GBP |
10p ordinary | CFD
| Long | 17588 | 4.743122 GBP |
10p ordinary | CFD
| Long | 3569 | 4.772763 GBP |
10p ordinary | CFD
| Long | 15442 | 4.772819 GBP |
10p ordinary | CFD
| Long | 14400 | 4.77522 GBP |
10p ordinary | CFD
| Long | 12 | 4.7075 GBP |
10p ordinary | CFD
| Long | 2606 | 4.783084 GBP |
10p ordinary | CFD
| Long | 40823 | 4.7588158636063 GBP |
10p ordinary | CFD
| Long | 3241 | 4.772761 GBP |
10p ordinary | CFD
| Long | 347 | 4.72792507 GBP |
10p ordinary | CFD
| Long | 10869 | 4.755175 GBP |
10p ordinary | CFD
| Long | 34135 | 4.787152 GBP |
10p ordinary | CFD
| Long | 138 | 4.779 GBP |
10p ordinary | CFD
| Long | 3296 | 4.749894 GBP |
10p ordinary | CFD
| Long | 3744 | 4.775219 GBP |
10p ordinary | CFD
| Long | 58873 | 4.748061 GBP |
10p ordinary | CFD
| Long | 10585 | 4.781343 GBP |
10p ordinary | CFD
| Long | 9668 | 4.75636636326024 GBP |
10p ordinary | CFD
| Long | 179 | 4.7475 GBP |
10p ordinary | CFD
| Long | 2500 | 4.674 GBP |
10p ordinary | CFD
| Long | 12218 | 4.730997 GBP |
10p ordinary | CFD
| Long | 5085 | 4.770911 GBP |
10p ordinary | CFD
| Short | 16157 | 4.7687 GBP |
10p ordinary | CFD
| Short | 3279 | 4.74436597 GBP |
10p ordinary | CFD
| Short | 7360 | 4.795 GBP |
10p ordinary | CFD
| Short | 18108 | 4.790752 GBP |
10p ordinary | CFD
| Short | 20 | 4.7775 GBP |
10p ordinary | CFD
| Short | 54534 | 4.79359 GBP |
10p ordinary | CFD
| Short | 362 | 4.77120165745856 GBP |
10p ordinary | CFD
| Short | 4 | 4.7475 GBP |
10p ordinary | CFD
| Short | 70 | 4.77371428571429 GBP |
10p ordinary | CFD
| Short | 80249 | 4.773 GBP |
10p ordinary | CFD
| Short | 4698 | 4.770885 GBP |
10p ordinary | CFD
| Short | 9821 | 4.767305 GBP |
10p ordinary | CFD
| Short | 6503 | 4.769281 GBP |
10p ordinary | CFD
| Short | 2309 | 4.77917280207882 GBP |
10p ordinary | CFD
| Short | 7917 | 4.768 GBP |
10p ordinary | CFD
| Short | 48054 | 4.773201 GBP |
10p ordinary | CFD
| Short | 5664 | 4.67435205 GBP |
10p ordinary | CFD
| Short | 3464 | 4.780239 GBP |
10p ordinary | CFD
| Short | 32542 | 4.774777 GBP |
10p ordinary | CFD
| Short | 6704 | 4.755835 GBP |
10p ordinary | CFD
| Short | 114 | 4.779 GBP |
10p ordinary | CFD
| Short | 9 | 4.732 GBP |
10p ordinary | CFD
| Short | 941 | 4.775275 GBP |
10p ordinary | CFD
| Short | 1302296 | 4.785 GBP |
10p ordinary | CFD
| Short | 24823 | 4.72603754582444 GBP |
10p ordinary | CFD
| Short | 916 | 4.674236 GBP |
10p ordinary | CFD
| Short | 868 | 4.761221 GBP |
10p ordinary | CFD
| Short | 900 | 4.76551111 GBP |
10p ordinary | CFD
| Short | 1320 | 4.786 GBP |
10p ordinary | CFD
| Short | 2 | 4.72525 GBP |
10p ordinary | CFD
| Short | 706 | 4.754125 GBP |
10p ordinary | CFD
| Short | 1990 | 4.77153266331658 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: | 27 February 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