23rd Feb 2024 10:54
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: | 22 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
| 1310426 | 4.81825 GBP | 4.76278 GBP |
10p ordinary | Sell
| 1450217 | 4.78925 GBP | 4.75500 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 | 19318 | 4.778501 GBP |
10p ordinary | CFD
| Long | 136466 | 4.78 GBP |
10p ordinary | CFD
| Long | 1231 | 4.769191 GBP |
10p ordinary | CFD
| Long | 1734 | 4.780452 GBP |
10p ordinary | CFD
| Long | 1243 | 4.77904263877715 GBP |
10p ordinary | CFD
| Long | 72000 | 4.774217 GBP |
10p ordinary | CFD
| Long | 512395 | 4.77784 GBP |
10p ordinary | CFD
| Long | 2 | 4.755 GBP |
10p ordinary | CFD
| Long | 1 | 4.7775 GBP |
10p ordinary | CFD
| Long | 3897 | 4.780516 GBP |
10p ordinary | CFD
| Long | 2194 | 4.779763 GBP |
10p ordinary | CFD
| Long | 13235 | 4.780127 GBP |
10p ordinary | CFD
| Long | 8067 | 4.78220652 GBP |
10p ordinary | CFD
| Long | 4270 | 4.77994025 GBP |
10p ordinary | CFD
| Long | 350190 | 4.780237 GBP |
10p ordinary | CFD
| Long | 573 | 4.778067 GBP |
10p ordinary | CFD
| Long | 562 | 4.77948 GBP |
10p ordinary | CFD
| Long | 2152 | 4.78037175 GBP |
10p ordinary | CFD
| Long | 2625 | 4.7778819047619 GBP |
10p ordinary | CFD
| Long | 15358 | 4.77885727308243 GBP |
10p ordinary | CFD
| Long | 1583 | 4.77766266582438 GBP |
10p ordinary | CFD
| Long | 259 | 4.78648648648649 GBP |
10p ordinary | CFD
| Long | 6470 | 4.78053 GBP |
10p ordinary | CFD
| Long | 1000 | 4.779 GBP |
10p ordinary | CFD
| Long | 24579 | 4.776347 GBP |
10p ordinary | CFD
| Short | 5922 | 4.779883 GBP |
10p ordinary | CFD
| Short | 33967 | 4.780017 GBP |
10p ordinary | CFD
| Short | 9038 | 4.779624 GBP |
10p ordinary | CFD
| Short | 750839 | 4.78 GBP |
10p ordinary | CFD
| Short | 7 | 4.808143 GBP |
10p ordinary | CFD
| Short | 1180 | 4.772588 GBP |
10p ordinary | CFD
| Short | 21666 | 4.780239 GBP |
10p ordinary | CFD
| Short | 360 | 4.81825 GBP |
10p ordinary | CFD
| Short | 53473 | 4.780145 GBP |
10p ordinary | CFD
| Short | 5064 | 4.7803 GBP |
10p ordinary | CFD
| Short | 2299 | 4.78059417137886 GBP |
10p ordinary | CFD
| Short | 73235 | 4.779783 GBP |
10p ordinary | CFD
| Short | 110 | 4.7825 GBP |
10p ordinary | CFD
| Short | 5163 | 4.7789 GBP |
10p ordinary | CFD
| Short | 7908 | 4.77879109762266 GBP |
10p ordinary | CFD
| Short | 10292 | 4.779171 GBP |
10p ordinary | CFD
| Short | 5240 | 4.78059694656489 GBP |
10p ordinary | CFD
| Short | 8471 | 4.780149 GBP |
10p ordinary | CFD
| Short | 34700 | 4.77851556195965 GBP |
10p ordinary | CFD
| Short | 1051 | 4.780939 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: | 23 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