16th Feb 2024 11:24
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: | 15 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
| 2402666 | 4.77099 GBP | 4.73500 GBP |
10p ordinary | Sell
| 846428 | 4.77099 GBP | 4.72550 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 | 7143 | 4.751061 GBP |
10p ordinary | CFD
| Long | 275 | 4.747 GBP |
10p ordinary | CFD
| Long | 41060 | 4.73832857 GBP |
10p ordinary | CFD
| Long | 153 | 4.74367320261438 GBP |
10p ordinary | CFD
| Long | 6275 | 4.750518 GBP |
10p ordinary | CFD
| Long | 4190 | 4.750351 GBP |
10p ordinary | CFD
| Long | 12581 | 4.755857 GBP |
10p ordinary | CFD
| Long | 3 | 4.746667 GBP |
10p ordinary | CFD
| Long | 1 | 4.7375 GBP |
10p ordinary | CFD
| Long | 5049 | 4.756762 GBP |
10p ordinary | CFD
| Long | 1544 | 4.744915 GBP |
10p ordinary | CFD
| Long | 35397 | 4.755355 GBP |
10p ordinary | CFD
| Long | 90968 | 4.757 GBP |
10p ordinary | CFD
| Long | 209 | 4.75904306220096 GBP |
10p ordinary | CFD
| Long | 1666 | 4.74118 GBP |
10p ordinary | CFD
| Long | 8809 | 4.755339 GBP |
10p ordinary | CFD
| Long | 16732 | 5.98321189 USD |
10p ordinary | CFD
| Long | 2488 | 4.75578778135048 GBP |
10p ordinary | CFD
| Long | 348 | 4.74365517241379 GBP |
10p ordinary | CFD
| Long | 587 | 4.74865417376491 GBP |
10p ordinary | CFD
| Long | 292 | 4.74400684931507 GBP |
10p ordinary | CFD
| Long | 20572 | 4.74896947307019 GBP |
10p ordinary | CFD
| Long | 22 | 4.74409090909091 GBP |
10p ordinary | CFD
| Long | 15957 | 4.74507864886883 GBP |
10p ordinary | CFD
| Long | 43 | 4.74883720930233 GBP |
10p ordinary | CFD
| Long | 398 | 4.73 GBP |
10p ordinary | CFD
| Long | 483 | 4.752 GBP |
10p ordinary | CFD
| Long | 1578 | 4.735 GBP |
10p ordinary | CFD
| Long | 500 | 4.725 GBP |
10p ordinary | CFD
| Short | 17006 | 4.757364 GBP |
10p ordinary | CFD
| Short | 929 | 4.748 GBP |
10p ordinary | CFD
| Short | 3724 | 4.73881176154672 GBP |
10p ordinary | CFD
| Short | 423 | 4.743306 GBP |
10p ordinary | CFD
| Short | 9042 | 4.741543 GBP |
10p ordinary | CFD
| Short | 22544 | 4.749747 GBP |
10p ordinary | CFD
| Short | 17879 | 4.746679 GBP |
10p ordinary | CFD
| Short | 48893 | 4.75795144499213 GBP |
10p ordinary | CFD
| Short | 1 | 4.757 GBP |
10p ordinary | CFD
| Short | 1 | 4.742 GBP |
10p ordinary | CFD
| Short | 49 | 4.756327 GBP |
10p ordinary | CFD
| Short | 17243 | 4.757238 GBP |
10p ordinary | CFD
| Short | 208 | 4.75213382 GBP |
10p ordinary | CFD
| Short | 3 | 4.762 GBP |
10p ordinary | CFD
| Short | 1564 | 4.755637 GBP |
10p ordinary | CFD
| Short | 1555 | 4.755516 GBP |
10p ordinary | CFD
| Short | 3 | 4.74666666666667 GBP |
10p ordinary | CFD
| Short | 1785 | 4.74827 GBP |
10p ordinary | CFD
| Short | 50000 | 4.7617 GBP |
10p ordinary | CFD
| Short | 5147 | 4.74865164173305 GBP |
10p ordinary | CFD
| Short | 8448 | 4.73881167140152 GBP |
10p ordinary | CFD
| Short | 13516 | 4.75594 GBP |
10p ordinary | CFD
| Short | 1628288 | 4.76 GBP |
10p ordinary | CFD
| Short | 695 | 4.745 GBP |
10p ordinary | CFD
| Short | 2587 | 4.753419 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: | 16 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