Last checked at 21 May 2024 11:30
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 May 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
| 1063685 | 5.23826 GBP | 5.18600 GBP |
10p ordinary | Sell
| 464551 | 5.29600 GBP | 5.18600 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 | 2490 | 5.215856 GBP |
10p ordinary | CFD
| Long | 4975 | 5.186 GBP |
10p ordinary | CFD
| Long | 152 | 5.210421 GBP |
10p ordinary | CFD
| Long | 1690 | 5.2465 GBP |
10p ordinary | CFD
| Long | 15732 | 5.2312 GBP |
10p ordinary | CFD
| Long | 2907 | 5.1941582348194 GBP |
10p ordinary | CFD
| Long | 862 | 5.28216937 GBP |
10p ordinary | CFD
| Long | 2198 | 5.22647679719745 GBP |
10p ordinary | CFD
| Long | 23989 | 5.22729159521948 GBP |
10p ordinary | CFD
| Long | 1917 | 5.20856442629108 GBP |
10p ordinary | CFD
| Long | 10 | 5.192 GBP |
10p ordinary | CFD
| Long | 13303 | 5.23581094692175 GBP |
10p ordinary | CFD
| Long | 1396 | 5.29081232091691 GBP |
10p ordinary | CFD
| Long | 5931 | 5.197592 GBP |
10p ordinary | CFD
| Long | 1719 | 5.245148 GBP |
10p ordinary | CFD
| Long | 11678 | 5.23650702 GBP |
10p ordinary | CFD
| Long | 16040 | 5.2724096 GBP |
10p ordinary | CFD
| Long | 29153 | 5.1872034 GBP |
10p ordinary | CFD
| Long | 11842 | 5.266387 GBP |
10p ordinary | CFD
| Long | 2922 | 5.22653661448665 GBP |
10p ordinary | CFD
| Long | 1860 | 5.28318978 GBP |
10p ordinary | CFD
| Long | 6112 | 5.22971924 GBP |
10p ordinary | CFD
| Long | 2918 | 5.27299897069911 GBP |
10p ordinary | CFD
| Long | 1358 | 5.28352356424153 GBP |
10p ordinary | CFD
| Long | 1746 | 5.23577663292096 GBP |
10p ordinary | CFD
| Long | 3429 | 5.27309011410615 GBP |
10p ordinary | CFD
| Long | 3994 | 5.22183225074862 GBP |
10p ordinary | CFD
| Long | 3800 | 5.2899 GBP |
10p ordinary | CFD
| Long | 9126 | 5.2234096 GBP |
10p ordinary | CFD
| Long | 3257 | 5.2907485416027 GBP |
10p ordinary | CFD
| Short | 413 | 5.18606482 GBP |
10p ordinary | CFD
| Short | 455 | 5.238264 GBP |
10p ordinary | CFD
| Short | 3781 | 5.21429 GBP |
10p ordinary | CFD
| Short | 2435 | 5.19876386036961 GBP |
10p ordinary | CFD
| Short | 363259 | 5.186 GBP |
10p ordinary | CFD
| Short | 5727 | 5.25393399792736 GBP |
10p ordinary | CFD
| Short | 1465 | 5.18636177474403 GBP |
10p ordinary | CFD
| Short | 7400 | 5.238 GBP |
10p ordinary | CFD
| Short | 1200 | 5.28036666666667 GBP |
10p ordinary | CFD
| Short | 42702 | 5.19530696507517 GBP |
10p ordinary | CFD
| Short | 393 | 5.2149313 GBP |
10p ordinary | CFD
| Short | 934 | 5.19521627 GBP |
10p ordinary | CFD
| Short | 300000 | 5.2545 GBP |
10p ordinary | CFD
| Short | 21321 | 5.186259 GBP |
10p ordinary | CFD
| Short | 8914 | 5.18626 GBP |
10p ordinary | CFD
| Short | 892 | 5.22445515773543 GBP |
10p ordinary | CFD
| Short | 20406 | 5.27725 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 May 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.