Last checked at 25 Apr 2024 11:48
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: | 24 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
| 512077 | 4.58325 GBP | 4.48599 GBP |
10p ordinary | Sell
| 520176 | 4.57849 GBP | 4.48599 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 | 439 | 4.5516583143508 GBP |
10p ordinary | CFD
| Long | 660 | 4.53644621 GBP |
10p ordinary | CFD
| Long | 481 | 4.54170686170478 GBP |
10p ordinary | CFD
| Long | 55841 | 4.52479183807149 GBP |
10p ordinary | CFD
| Long | 1414 | 4.51071216120226 GBP |
10p ordinary | CFD
| Long | 153703 | 4.492 GBP |
10p ordinary | CFD
| Long | 16411 | 4.511872 GBP |
10p ordinary | CFD
| Long | 7302 | 4.532697 GBP |
10p ordinary | CFD
| Long | 2615 | 4.49143117 GBP |
10p ordinary | CFD
| Long | 4400 | 4.55843182 GBP |
10p ordinary | CFD
| Long | 222 | 4.49194385 GBP |
10p ordinary | CFD
| Long | 198 | 4.5319697 GBP |
10p ordinary | CFD
| Long | 45438 | 4.508954 GBP |
10p ordinary | CFD
| Long | 2000 | 4.553 GBP |
10p ordinary | CFD
| Long | 8590 | 4.491775 GBP |
10p ordinary | CFD
| Long | 5755 | 4.51240100010078 GBP |
10p ordinary | CFD
| Long | 193 | 4.55163730569948 GBP |
10p ordinary | CFD
| Long | 4522 | 4.55484763 GBP |
10p ordinary | CFD
| Long | 1233 | 4.5355815 GBP |
10p ordinary | CFD
| Long | 227 | 4.513427 GBP |
10p ordinary | CFD
| Long | 10277 | 4.49110148876131 GBP |
10p ordinary | CFD
| Long | 2421 | 4.4895580338703 GBP |
10p ordinary | CFD
| Long | 2379 | 4.49168558217739 GBP |
10p ordinary | CFD
| Long | 266 | 4.513906 GBP |
10p ordinary | CFD
| Long | 6150 | 4.54950081630732 GBP |
10p ordinary | CFD
| Long | 1296 | 4.53805555555556 GBP |
10p ordinary | CFD
| Long | 49 | 4.5177 GBP |
10p ordinary | CFD
| Long | 1009 | 4.526291 GBP |
10p ordinary | CFD
| Short | 102869 | 4.492 GBP |
10p ordinary | CFD
| Short | 59256 | 4.49378813963632 GBP |
10p ordinary | CFD
| Short | 10693 | 4.54398110913682 GBP |
10p ordinary | CFD
| Short | 43 | 4.4912093 GBP |
10p ordinary | CFD
| Short | 7041 | 4.48903196 GBP |
10p ordinary | CFD
| Short | 17484 | 4.53057037725978 GBP |
10p ordinary | CFD
| Short | 3390 | 4.5092581120944 GBP |
10p ordinary | CFD
| Short | 203 | 4.583251 GBP |
10p ordinary | CFD
| Short | 1652 | 4.553 GBP |
10p ordinary | CFD
| Short | 1506 | 4.552 GBP |
10p ordinary | CFD
| Short | 1562 | 4.542 GBP |
10p ordinary | CFD
| Short | 5947 | 4.545 GBP |
10p ordinary | CFD
| Short | 687 | 4.547 GBP |
10p ordinary | CFD
| Short | 78 | 4.549 GBP |
10p ordinary | CFD
| Short | 24930 | 4.547295 GBP |
10p ordinary | CFD
| Short | 6360 | 4.53246037491509 GBP |
10p ordinary | CFD
| Short | 25222 | 4.508671 GBP |
10p ordinary | CFD
| Short | 13241 | 4.49267351408504 GBP |
10p ordinary | CFD
| Short | 7724 | 4.50925097099948 GBP |
10p ordinary | CFD
| Short | 4949 | 4.50123338189533 GBP |
10p ordinary | CFD
| Short | 728 | 4.54120261266484 GBP |
10p ordinary | CFD
| Short | 14120 | 4.50676129325071 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: | 25 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.