14th Feb 2024 11:52
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: | 13 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
| 842214 | 4.88549 GBP | 4.65200 GBP |
10p ordinary | Sell
| 1747911 | 4.88548 GBP | 4.65200 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 | 136853 | 4.6961 GBP |
10p ordinary | CFD
| Long | 285318 | 4.6762 GBP |
10p ordinary | CFD
| Long | 100000 | 4.6991 GBP |
10p ordinary | CFD
| Long | 79451 | 4.6984 GBP |
10p ordinary | CFD
| Long | 13683 | 4.6992 GBP |
10p ordinary | CFD
| Long | 1020 | 4.665 GBP |
10p ordinary | CFD
| Long | 87361 | 4.66099977 GBP |
10p ordinary | CFD
| Long | 3904 | 4.768719 GBP |
10p ordinary | CFD
| Long | 45127 | 4.661 GBP |
10p ordinary | CFD
| Long | 20696 | 4.781876 GBP |
10p ordinary | CFD
| Long | 1002 | 4.70805089820359 GBP |
10p ordinary | CFD
| Long | 3916 | 4.690542 GBP |
10p ordinary | CFD
| Long | 14399 | 4.70943537745677 GBP |
10p ordinary | CFD
| Long | 8831 | 4.68885630166459 GBP |
10p ordinary | CFD
| Long | 32300 | 4.82654829721362 GBP |
10p ordinary | CFD
| Long | 64247 | 4.80113795196663 GBP |
10p ordinary | CFD
| Long | 2483 | 4.6606725734998 GBP |
10p ordinary | CFD
| Long | 3018 | 4.712342 GBP |
10p ordinary | CFD
| Long | 1125 | 4.666 GBP |
10p ordinary | CFD
| Long | 118778 | 4.66994988 GBP |
10p ordinary | CFD
| Long | 441 | 4.70803401360544 GBP |
10p ordinary | CFD
| Long | 101710 | 4.665573 GBP |
10p ordinary | CFD
| Long | 13750 | 4.687593 GBP |
10p ordinary | CFD
| Long | 9737 | 4.680293 GBP |
10p ordinary | CFD
| Long | 7416 | 4.660767 GBP |
10p ordinary | CFD
| Long | 31207 | 4.695094 GBP |
10p ordinary | CFD
| Long | 4548 | 4.674377 GBP |
10p ordinary | CFD
| Short | 2834 | 4.73 GBP |
10p ordinary | CFD
| Short | 666 | 4.774372 GBP |
10p ordinary | CFD
| Short | 50222 | 4.661 GBP |
10p ordinary | CFD
| Short | 15507 | 4.67295092538853 GBP |
10p ordinary | CFD
| Short | 26622 | 4.661056 GBP |
10p ordinary | CFD
| Short | 156 | 4.682501 GBP |
10p ordinary | CFD
| Short | 335 | 4.705342 GBP |
10p ordinary | CFD
| Short | 339 | 4.703354 GBP |
10p ordinary | CFD
| Short | 630 | 4.65668253968254 GBP |
10p ordinary | CFD
| Short | 2194 | 4.730548 GBP |
10p ordinary | CFD
| Short | 409 | 4.84100244498778 GBP |
10p ordinary | CFD
| Short | 1925 | 4.76655784 GBP |
10p ordinary | CFD
| Short | 73972 | 4.78019697 GBP |
10p ordinary | CFD
| Short | 7400 | 4.66567432432432 GBP |
10p ordinary | CFD
| Short | 3868 | 4.726096 GBP |
10p ordinary | CFD
| Short | 277 | 4.65670036101083 GBP |
10p ordinary | CFD
| Short | 2456 | 4.819762 GBP |
10p ordinary | CFD
| Short | 46249 | 4.727143 GBP |
10p ordinary | CFD
| Short | 9695 | 4.795011 GBP |
10p ordinary | CFD
| Short | 6139 | 4.767895 GBP |
10p ordinary | CFD
| Short | 1643 | 4.661236 GBP |
10p ordinary | CFD
| Short | 1 | 4.84 GBP |
10p ordinary | CFD
| Short | 1 | 4.7885 GBP |
10p ordinary | CFD
| Short | 553 | 4.729749 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: | 14 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