26th Feb 2024 11:32
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: | 23 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
| 588031 | 4.79265 GBP | 4.75100 GBP |
10p ordinary | Sell
| 1456980 | 4.81698 GBP | 4.74225 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 | 9800 | 4.76869081632653 GBP |
10p ordinary | CFD
| Long | 35100 | 4.785 GBP |
10p ordinary | CFD
| Long | 605 | 4.79 GBP |
10p ordinary | CFD
| Long | 2500 | 4.782 GBP |
10p ordinary | CFD
| Long | 608 | 4.762 GBP |
10p ordinary | CFD
| Long | 1242 | 4.754 GBP |
10p ordinary | CFD
| Long | 144000 | 4.77100035 GBP |
10p ordinary | CFD
| Long | 199080 | 4.784283 GBP |
10p ordinary | CFD
| Long | 571925 | 4.77776 GBP |
10p ordinary | CFD
| Long | 180000 | 4.74225 GBP |
10p ordinary | CFD
| Long | 8211 | 4.784852 GBP |
10p ordinary | CFD
| Long | 18899 | 4.784455 GBP |
10p ordinary | CFD
| Long | 9493 | 4.781483 GBP |
10p ordinary | CFD
| Long | 2 | 4.7795 GBP |
10p ordinary | CFD
| Long | 1874 | 4.78476 GBP |
10p ordinary | CFD
| Long | 12072 | 4.782839 GBP |
10p ordinary | CFD
| Long | 566 | 4.774071 GBP |
10p ordinary | CFD
| Long | 2840 | 4.78494019 GBP |
10p ordinary | CFD
| Long | 754 | 4.769147 GBP |
10p ordinary | CFD
| Long | 70 | 4.79742857 GBP |
10p ordinary | CFD
| Long | 7951 | 4.780165 GBP |
10p ordinary | CFD
| Long | 178 | 4.777815 GBP |
10p ordinary | CFD
| Long | 8377 | 4.78392623 GBP |
10p ordinary | CFD
| Long | 4613 | 4.78913071753739 GBP |
10p ordinary | CFD
| Long | 1326 | 4.76665912518854 GBP |
10p ordinary | CFD
| Long | 27237 | 4.785991 GBP |
10p ordinary | CFD
| Short | 51720 | 4.78522343 GBP |
10p ordinary | CFD
| Short | 39100 | 4.7724010230179 GBP |
10p ordinary | CFD
| Short | 14357 | 4.778044 GBP |
10p ordinary | CFD
| Short | 2560 | 4.79 GBP |
10p ordinary | CFD
| Short | 2560 | 4.761 GBP |
10p ordinary | CFD
| Short | 1656 | 4.78 GBP |
10p ordinary | CFD
| Short | 1912 | 4.783 GBP |
10p ordinary | CFD
| Short | 959 | 4.781 GBP |
10p ordinary | CFD
| Short | 1650 | 4.780394 GBP |
10p ordinary | CFD
| Short | 1912 | 4.784 GBP |
10p ordinary | CFD
| Short | 6621 | 4.7844 GBP |
10p ordinary | CFD
| Short | 654 | 4.79265137614679 GBP |
10p ordinary | CFD
| Short | 25794 | 4.778714 GBP |
10p ordinary | CFD
| Short | 10178 | 4.780973 GBP |
10p ordinary | CFD
| Short | 3653 | 4.778178 GBP |
10p ordinary | CFD
| Short | 127 | 4.786 GBP |
10p ordinary | CFD
| Short | 3 | 4.773333 GBP |
10p ordinary | CFD
| Short | 20 | 4.7878 GBP |
10p ordinary | CFD
| Short | 319 | 4.780251 GBP |
10p ordinary | CFD
| Short | 13955 | 4.78156179 GBP |
10p ordinary | CFD
| Short | 6288 | 4.77604008 GBP |
10p ordinary | CFD
| Short | 1795 | 4.78035655 GBP |
10p ordinary | CFD
| Short | 921 | 4.75819 GBP |
10p ordinary | CFD
| Short | 3159 | 4.785002 GBP |
10p ordinary | CFD
| Short | 13068 | 4.785 GBP |
10p ordinary | CFD
| Short | 5293 | 4.790591 GBP |
10p ordinary | CFD
| Short | 50000 | 4.786436 GBP |
10p ordinary | CFD
| Short | 3447 | 4.77588917899623 GBP |
10p ordinary | CFD
| Short | 27430 | 4.78565 GBP |
10p ordinary | CFD
| Short | 1491 | 4.79266197183099 GBP |
10p ordinary | CFD
| Short | 69 | 4.7762 GBP |
10p ordinary | CFD
| Short | 53762 | 4.7807575 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 |
|
|
|
|
|
(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) |
|
|
|
|
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
|
(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: | 26 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