28th Jun 2024 12:16
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: | 27 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
| 1642616 | 4.76551 GBP | 4.72700 GBP |
10p ordinary | Sell
| 1283194 | 4.76551 GBP | 4.72469 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 | 820 | 4.74842279 GBP |
10p ordinary | CFD
| Long | 129860 | 4.736183 GBP |
10p ordinary | CFD
| Long | 32091 | 4.73377659662958 GBP |
10p ordinary | CFD
| Long | 59278 | 4.728 GBP |
10p ordinary | CFD
| Long | 1873 | 4.74134997709557 GBP |
10p ordinary | CFD
| Long | 104 | 4.76442307692308 GBP |
10p ordinary | CFD
| Long | 369 | 4.75365854 GBP |
10p ordinary | CFD
| Long | 67 | 4.7340447761194 GBP |
10p ordinary | CFD
| Long | 363 | 4.753774 GBP |
10p ordinary | CFD
| Long | 34716 | 4.74875014402581 GBP |
10p ordinary | CFD
| Long | 13140 | 4.7301 GBP |
10p ordinary | CFD
| Long | 709 | 4.73495415695346 GBP |
10p ordinary | CFD
| Long | 116 | 4.7356 GBP |
10p ordinary | CFD
| Long | 12306 | 4.732 GBP |
10p ordinary | CFD
| Long | 10000 | 4.7326 GBP |
10p ordinary | CFD
| Long | 31441 | 4.72469 GBP |
10p ordinary | CFD
| Long | 308498 | 4.73537896517968 GBP |
10p ordinary | CFD
| Long | 145795 | 4.75054967591481 GBP |
10p ordinary | CFD
| Long | 7733 | 4.7350966963145 GBP |
10p ordinary | CFD
| Long | 7900 | 4.7302 GBP |
10p ordinary | CFD
| Long | 18309 | 4.74268043491452 GBP |
10p ordinary | CFD
| Long | 10587 | 4.74026494699159 GBP |
10p ordinary | CFD
| Long | 3889 | 4.732915 GBP |
10p ordinary | CFD
| Long | 205 | 4.736571 GBP |
10p ordinary | CFD
| Long | 980 | 4.7354551 GBP |
10p ordinary | CFD
| Long | 9015 | 4.72849551 GBP |
10p ordinary | CFD
| Long | 7223 | 4.734122 GBP |
10p ordinary | CFD
| Long | 21306 | 4.73584501679011 GBP |
10p ordinary | CFD
| Long | 10805 | 4.7451254 GBP |
10p ordinary | CFD
| Long | 20418 | 4.73591145179303 GBP |
10p ordinary | CFD
| Long | 18000 | 4.7283 GBP |
10p ordinary | CFD
| Long | 1260 | 4.728206 GBP |
10p ordinary | CFD
| Long | 13 | 4.7285744 GBP |
10p ordinary | CFD
| Long | 7200 | 4.7298 GBP |
10p ordinary | CFD
| Long | 12377 | 4.729516 GBP |
10p ordinary | CFD
| Short | 33158 | 4.737532 GBP |
10p ordinary | CFD
| Short | 181608 | 4.74138163 GBP |
10p ordinary | CFD
| Short | 1981 | 4.73887203445734 GBP |
10p ordinary | CFD
| Short | 216000 | 4.744512 GBP |
10p ordinary | CFD
| Short | 18618 | 4.7287087764529 GBP |
10p ordinary | CFD
| Short | 15181 | 4.728237 GBP |
10p ordinary | CFD
| Short | 1640 | 4.74081768493902 GBP |
10p ordinary | CFD
| Short | 637 | 4.75039089481947 GBP |
10p ordinary | CFD
| Short | 165062 | 4.762856 GBP |
10p ordinary | CFD
| Short | 2744 | 4.728236 GBP |
10p ordinary | CFD
| Short | 1114 | 4.74977648113106 GBP |
10p ordinary | CFD
| Short | 51017 | 4.748901 GBP |
10p ordinary | CFD
| Short | 34269 | 4.72870903732236 GBP |
10p ordinary | CFD
| Short | 144000 | 4.755101 GBP |
10p ordinary | CFD
| Short | 2587 | 4.74540181623116 GBP |
10p ordinary | CFD
| Short | 792 | 4.72895202020202 GBP |
10p ordinary | CFD
| Short | 102 | 4.74085294294118 GBP |
10p ordinary | CFD
| Short | 349 | 4.735 GBP |
10p ordinary | CFD
| Short | 288000 | 4.75475 GBP |
10p ordinary | CFD
| Short | 144000 | 4.739735 GBP |
10p ordinary | CFD
| Short | 1888 | 4.74662394 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: | 28 June 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