19th Feb 2024 11:43
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: | 16 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
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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
| 438426 | 4.78500 GBP | 4.71000 GBP |
10p ordinary | Sell
| 500536 | 4.78500 GBP | 4.71000 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 | 82342 | 4.78 GBP |
10p ordinary | CFD
| Long | 836 | 4.75687799043062 GBP |
10p ordinary | CFD
| Long | 17288 | 4.74084972235076 GBP |
10p ordinary | CFD
| Long | 171 | 4.75684210526316 GBP |
10p ordinary | CFD
| Long | 21558 | 4.771423 GBP |
10p ordinary | CFD
| Long | 1390 | 4.71503597122302 GBP |
10p ordinary | CFD
| Long | 2477 | 4.780912 GBP |
10p ordinary | CFD
| Long | 3673 | 4.780141 GBP |
10p ordinary | CFD
| Long | 47727 | 4.77210195486831 GBP |
10p ordinary | CFD
| Long | 3231 | 4.75757660167131 GBP |
10p ordinary | CFD
| Long | 1 | 4.7745 GBP |
10p ordinary | CFD
| Long | 320 | 4.76575 GBP |
10p ordinary | CFD
| Long | 95 | 4.77242105263158 GBP |
10p ordinary | CFD
| Long | 5982 | 4.761813 GBP |
10p ordinary | CFD
| Long | 2336 | 4.745 GBP |
10p ordinary | CFD
| Long | 1387 | 4.7435 GBP |
10p ordinary | CFD
| Long | 1304 | 4.753133 GBP |
10p ordinary | CFD
| Long | 4880 | 4.765271 GBP |
10p ordinary | CFD
| Long | 216 | 4.77237962962963 GBP |
10p ordinary | CFD
| Long | 6552 | 4.77282356532357 GBP |
10p ordinary | CFD
| Long | 61942 | 4.78057 GBP |
10p ordinary | CFD
| Long | 3412 | 4.776701 GBP |
10p ordinary | CFD
| Short | 374 | 4.754791 GBP |
10p ordinary | CFD
| Short | 16421 | 4.7672 GBP |
10p ordinary | CFD
| Short | 812 | 4.763911 GBP |
10p ordinary | CFD
| Short | 499 | 4.731115 GBP |
10p ordinary | CFD
| Short | 4 | 4.752625 GBP |
10p ordinary | CFD
| Short | 4 | 4.757 GBP |
10p ordinary | CFD
| Short | 674 | 4.763917 GBP |
10p ordinary | CFD
| Short | 1474 | 4.780237 GBP |
10p ordinary | CFD
| Short | 25815 | 4.780239 GBP |
10p ordinary | CFD
| Short | 6360 | 4.739017 GBP |
10p ordinary | CFD
| Short | 13172 | 4.756888 GBP |
10p ordinary | CFD
| Short | 1066 | 4.730283 GBP |
10p ordinary | CFD
| Short | 8872 | 4.765945 GBP |
10p ordinary | CFD
| Short | 124958 | 4.758 GBP |
10p ordinary | CFD
| Short | 2580 | 4.76649224806202 GBP |
10p ordinary | CFD
| Short | 5119 | 4.779551 GBP |
10p ordinary | CFD
| Short | 799 | 4.765128 GBP |
10p ordinary | CFD
| Short | 3000 | 4.784 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: | 19 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 monitoring@disclosure.org.uk
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