Last checked at 24 Apr 2024 11:33
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 April 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
| 1055530 | 4.57122 GBP | 4.50400 GBP |
10p ordinary | Sell
| 694237 | 4.57106 GBP | 4.50400 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 | 1061 | 4.521 GBP |
10p ordinary | CFD
| Long | 255 | 4.54957058823529 GBP |
10p ordinary | CFD
| Long | 528 | 4.571 GBP |
10p ordinary | CFD
| Long | 302 | 4.5483328 GBP |
10p ordinary | CFD
| Long | 426 | 4.546 GBP |
10p ordinary | CFD
| Long | 19906 | 4.558184 GBP |
10p ordinary | CFD
| Long | 111 | 4.54954954954955 GBP |
10p ordinary | CFD
| Long | 328 | 4.56667683 GBP |
10p ordinary | CFD
| Long | 26746 | 4.56989074999925 GBP |
10p ordinary | CFD
| Long | 368 | 4.52333152 GBP |
10p ordinary | CFD
| Long | 7797 | 4.5383 GBP |
10p ordinary | CFD
| Long | 16038 | 4.54747481 GBP |
10p ordinary | CFD
| Long | 38520 | 4.541841 GBP |
10p ordinary | CFD
| Long | 20945 | 4.534825 GBP |
10p ordinary | CFD
| Long | 3440 | 4.56036337209302 GBP |
10p ordinary | CFD
| Long | 256 | 4.548088 GBP |
10p ordinary | CFD
| Long | 246 | 4.566789 GBP |
10p ordinary | CFD
| Long | 174066 | 4.551197047872 GBP |
10p ordinary | CFD
| Short | 683 | 4.55107321 GBP |
10p ordinary | CFD
| Short | 22802 | 4.5683955 GBP |
10p ordinary | CFD
| Short | 1028 | 4.571226 GBP |
10p ordinary | CFD
| Short | 228 | 4.56022807017544 GBP |
10p ordinary | CFD
| Short | 9425 | 4.54062929 GBP |
10p ordinary | CFD
| Short | 611 | 4.5520933 GBP |
10p ordinary | CFD
| Short | 2414 | 4.5367729908865 GBP |
10p ordinary | CFD
| Short | 17503 | 4.571228 GBP |
10p ordinary | CFD
| Short | 886 | 4.53268623024831 GBP |
10p ordinary | CFD
| Short | 686 | 4.5509 GBP |
10p ordinary | CFD
| Short | 26396 | 4.55603689953023 GBP |
10p ordinary | CFD
| Short | 3055 | 4.53917414 GBP |
10p ordinary | CFD
| Short | 95022 | 4.567143 GBP |
10p ordinary | CFD
| Short | 7152 | 4.538 GBP |
10p ordinary | CFD
| Short | 1211 | 4.54392237819983 GBP |
10p ordinary | CFD
| Short | 356805 | 4.540298 GBP |
10p ordinary | CFD
| Short | 846 | 4.5375 GBP |
10p ordinary | CFD
| Short | 13999 | 4.5654691 GBP |
10p ordinary | CFD
| Short | 1337 | 4.533 GBP |
10p ordinary | CFD
| Short | 23747 | 4.554015 GBP |
10p ordinary | CFD
| Short | 54917 | 4.556163 GBP |
10p ordinary | CFD
| Short | 18331 | 4.571 GBP |
10p ordinary | CFD
| Short | 13850 | 4.5384714801444 GBP |
10p ordinary | CFD
| Short | 1918 | 4.53308524 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: | 24 April 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.