3rd Jul 2024 11:10
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: | 02 July 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
| 982141
| 4.845011 GBP | 4.744155 GBP |
10p ordinary | Sell
| 1658530 | 4.848159 GBP | 4.744155 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 | 1283 | 4.78983632112237 GBP |
10p ordinary | CFD
| Long | 22994 | 4.78288249108463 GBP |
10p ordinary | CFD
| Long | 3 | 4.8455 GBP |
10p ordinary | CFD
| Long | 55290 | 4.81372492 GBP |
10p ordinary | CFD
| Long | 8375 | 4.779 GBP |
10p ordinary | CFD
| Long | 658 | 4.80393844984802 GBP |
10p ordinary | CFD
| Long | 18121 | 4.7828828431102 GBP |
10p ordinary | CFD
| Long | 5900 | 4.82778356 GBP |
10p ordinary | CFD
| Long | 31574 | 4.81641020683569 GBP |
10p ordinary | CFD
| Long | 9412 | 4.81654324453039 GBP |
10p ordinary | CFD
| Long | 791 | 4.84335713930468 GBP |
10p ordinary | CFD
| Long | 320 | 4.807 GBP |
10p ordinary | CFD
| Long | 311 | 4.80392604501608 GBP |
10p ordinary | CFD
| Long | 1 | 4.8435 GBP |
10p ordinary | CFD
| Long | 7823 | 4.8150457 GBP |
10p ordinary | CFD
| Long | 1815 | 4.82059416346556 GBP |
10p ordinary | CFD
| Long | 212 | 4.795363 GBP |
10p ordinary | CFD
| Long | 419 | 4.81741885 GBP |
10p ordinary | CFD
| Long | 2472 | 4.82222451 GBP |
10p ordinary | CFD
| Long | 7227 | 4.83202974903141 GBP |
10p ordinary | CFD
| Long | 3008 | 4.82743317618019 GBP |
10p ordinary | CFD
| Long | 1162 | 4.80063511104991 GBP |
10p ordinary | CFD
| Long | 14137 | 4.7839917 GBP |
10p ordinary | CFD
| Long | 2302 | 4.81703736 GBP |
10p ordinary | CFD
| Long | 1993 | 4.796749 GBP |
10p ordinary | CFD
| Long | 471 | 4.80123142 GBP |
10p ordinary | CFD
| Long | 10749 | 4.79589208 GBP |
10p ordinary | CFD
| Long | 376900 | 4.83224988060493 GBP |
10p ordinary | CFD
| Long | 144355 | 4.80755734127671 GBP |
10p ordinary | CFD
| Long | 128870 | 4.81333716148056 GBP |
10p ordinary | CFD
| Long | 181 | 4.813514 GBP |
10p ordinary | CFD
| Long | 312 | 4.78983974358974 GBP |
10p ordinary | CFD
| Short | 42399 | 4.779764 GBP |
10p ordinary | CFD
| Short | 4796 | 4.786329 GBP |
10p ordinary | CFD
| Short | 12891 | 4.79076487738422 GBP |
10p ordinary | CFD
| Short | 1 | 4.8435 GBP |
10p ordinary | CFD
| Short | 2969 | 4.80474974728191 GBP |
10p ordinary | CFD
| Short | 805 | 4.779 GBP |
10p ordinary | CFD
| Short | 144000 | 4.753851 GBP |
10p ordinary | CFD
| Short | 13717 | 4.79385069621637 GBP |
10p ordinary | CFD
| Short | 29983 | 4.78906713804489 GBP |
10p ordinary | CFD
| Short | 5060 | 4.78984249011858 GBP |
10p ordinary | CFD
| Short | 20074 | 4.779239 GBP |
10p ordinary | CFD
| Short | 85 | 4.79778824 GBP |
10p ordinary | CFD
| Short | 829 | 4.77596864 GBP |
10p ordinary | CFD
| Short | 22719 | 4.78482062521854 GBP |
10p ordinary | CFD
| Short | 28551 | 4.80564782564849 GBP |
10p ordinary | CFD
| Short | 897 | 4.77755016811594 GBP |
10p ordinary | CFD
| Short | 2392 | 4.78985869565217 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: | 03 July 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