Last checked at 21 Mar 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: | 20 March 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
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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
| 342498 | 4.69000 GBP | 4.65950 GBP |
10p ordinary | Sell
| 449351 | 4.69200 GBP | 4.65878 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 | 1678 | 4.68315256 GBP |
10p ordinary | CFD
| Long | 7253 | 4.68464842134289 GBP |
10p ordinary | CFD
| Long | 296 | 4.658784 GBP |
10p ordinary | CFD
| Long | 38856 | 4.684766 GBP |
10p ordinary | CFD
| Long | 38990 | 4.685045 GBP |
10p ordinary | CFD
| Long | 55 | 4.692 GBP |
10p ordinary | CFD
| Long | 2013 | 4.674 GBP |
10p ordinary | CFD
| Long | 2062 | 4.678 GBP |
10p ordinary | CFD
| Long | 53281 | 4.685 GBP |
10p ordinary | CFD
| Long | 1570 | 4.681505 GBP |
10p ordinary | CFD
| Long | 6 | 4.6885 GBP |
10p ordinary | CFD
| Long | 6586 | 4.68534 GBP |
10p ordinary | CFD
| Long | 3476 | 4.68378481 GBP |
10p ordinary | CFD
| Long | 11513 | 4.68448467 GBP |
10p ordinary | CFD
| Long | 11979 | 4.6850017 GBP |
10p ordinary | CFD
| Long | 9709 | 5.9568039962921 USD |
10p ordinary | CFD
| Long | 9603 | 4.683365 GBP |
10p ordinary | CFD
| Long | 9599 | 4.68184540056256 GBP |
10p ordinary | CFD
| Long | 3227 | 4.68464982956306 GBP |
10p ordinary | CFD
| Long | 21565 | 4.68184530489219 GBP |
10p ordinary | CFD
| Long | 920 | 4.679836 GBP |
10p ordinary | CFD
| Long | 911 | 4.675 GBP |
10p ordinary | CFD
| Long | 1543 | 4.683223 GBP |
10p ordinary | CFD
| Long | 1220 | 4.673 GBP |
10p ordinary | CFD
| Long | 1007 | 4.68494144 GBP |
10p ordinary | CFD
| Long | 20020 | 4.684218 GBP |
10p ordinary | CFD
| Long | 1265 | 4.69 GBP |
10p ordinary | CFD
| Long | 3549 | 4.68462102000564 GBP |
10p ordinary | CFD
| Long | 51 | 4.684706 GBP |
10p ordinary | CFD
| Short | 1555 | 4.6809897 GBP |
10p ordinary | CFD
| Short | 4323 | 4.685401 GBP |
10p ordinary | CFD
| Short | 2937 | 4.6825 GBP |
10p ordinary | CFD
| Short | 479 | 4.67411378 GBP |
10p ordinary | CFD
| Short | 234 | 4.67281624 GBP |
10p ordinary | CFD
| Short | 1025 | 4.6742176 GBP |
10p ordinary | CFD
| Short | 50231 | 4.683934 GBP |
10p ordinary | CFD
| Short | 9782 | 4.6822 GBP |
10p ordinary | CFD
| Short | 12534 | 4.68049385670975 GBP |
10p ordinary | CFD
| Short | 9482 | 5.95777395 USD |
10p ordinary | CFD
| Short | 109 | 4.69 GBP |
10p ordinary | CFD
| Short | 2878 | 4.684991 GBP |
10p ordinary | CFD
| Short | 5152 | 4.6863722826087 GBP |
10p ordinary | CFD
| Short | 9695 | 4.679854 GBP |
10p ordinary | CFD
| Short | 43 | 4.6875 GBP |
10p ordinary | CFD
| Short | 2720 | 4.664533 GBP |
10p ordinary | CFD
| Short | 2000 | 4.6845 GBP |
10p ordinary | CFD
| Short | 2230 | 4.679 GBP |
10p ordinary | CFD
| Short | 1172 | 4.6775 GBP |
10p ordinary | CFD
| Short | 2000 | 4.671 GBP |
10p ordinary | CFD
| Short | 1880 | 4.674 GBP |
10p ordinary | CFD
| Short | 54953 | 4.68505381 GBP |
10p ordinary | CFD
| Short | 47690 | 4.675695 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: | 21 March 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.