Last checked at 1 Mar 2024 11:35
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: | 29 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
| 2384304 | 4.68798 GBP | 4.62900 GBP |
10p ordinary | Sell
| 1575145 | 4.69366 GBP | 4.62900 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 | 7302 | 4.663645 GBP |
10p ordinary | CFD
| Long | 1261 | 4.66494169 GBP |
10p ordinary | CFD
| Long | 3662 | 4.655341 GBP |
10p ordinary | CFD
| Long | 2414 | 4.6645335 GBP |
10p ordinary | CFD
| Long | 6782 | 4.67610882 GBP |
10p ordinary | CFD
| Long | 811356 | 4.6728824 GBP |
10p ordinary | CFD
| Long | 368 | 4.649755 GBP |
10p ordinary | CFD
| Long | 9655 | 4.681227 GBP |
10p ordinary | CFD
| Long | 2225 | 4.66109393258427 GBP |
10p ordinary | CFD
| Long | 1576 | 4.64965101 GBP |
10p ordinary | CFD
| Long | 164233 | 4.665 GBP |
10p ordinary | CFD
| Long | 7579 | 4.652343 GBP |
10p ordinary | CFD
| Long | 1803 | 4.653894 GBP |
10p ordinary | CFD
| Long | 16982 | 4.663492 GBP |
10p ordinary | CFD
| Long | 29100 | 4.68534501718213 GBP |
10p ordinary | CFD
| Long | 5023 | 4.66109496316942 GBP |
10p ordinary | CFD
| Long | 13685 | 4.665709 GBP |
10p ordinary | CFD
| Long | 3287 | 4.69366717 GBP |
10p ordinary | CFD
| Long | 345 | 4.69 GBP |
10p ordinary | CFD
| Long | 3079 | 4.678 GBP |
10p ordinary | CFD
| Long | 2871 | 4.664834 GBP |
10p ordinary | CFD
| Long | 6059 | 4.68191450734445 GBP |
10p ordinary | CFD
| Long | 1240 | 4.66328226 GBP |
10p ordinary | CFD
| Long | 6508 | 4.657482 GBP |
10p ordinary | CFD
| Short | 54855 | 4.665233 GBP |
10p ordinary | CFD
| Short | 13217 | 4.666137 GBP |
10p ordinary | CFD
| Short | 35198 | 4.665355 GBP |
10p ordinary | CFD
| Short | 16204 | 4.66593310293755 GBP |
10p ordinary | CFD
| Short | 1186 | 4.67943508 GBP |
10p ordinary | CFD
| Short | 15321 | 4.66502312 GBP |
10p ordinary | CFD
| Short | 1225982 | 4.68254419 GBP |
10p ordinary | CFD
| Short | 846 | 4.66747 GBP |
10p ordinary | CFD
| Short | 169026 | 4.665 GBP |
10p ordinary | CFD
| Short | 18363 | 4.661203 GBP |
10p ordinary | CFD
| Short | 1 | 4.66 GBP |
10p ordinary | CFD
| Short | 33444 | 4.667891 GBP |
10p ordinary | CFD
| Short | 3025 | 4.66641634 GBP |
10p ordinary | CFD
| Short | 6500 | 4.672808 GBP |
10p ordinary | CFD
| Short | 38507 | 4.66663308 GBP |
10p ordinary | CFD
| Short | 40229 | 4.661783 GBP |
10p ordinary | CFD
| Short | 9960 | 4.67415161 GBP |
10p ordinary | CFD
| Short | 11945 | 4.661762 GBP |
10p ordinary | CFD
| Short | 555 | 4.67032 GBP |
10p ordinary | CFD
| Short | 2037 | 4.664 GBP |
10p ordinary | CFD
| Short | 12242 | 4.659672 GBP |
10p ordinary | CFD
| Short | 65181 | 4.67601 GBP |
10p ordinary | CFD
| Short | 4071 | 4.656319 GBP |
10p ordinary | CFD
| Short | 4530 | 4.64922958057395 GBP |
10p ordinary | CFD
| Short | 2846 | 4.683 GBP |
10p ordinary | CFD
| Short | 311 | 4.663846 GBP |
10p ordinary | CFD
| Short | 4416 | 4.671 GBP |
10p ordinary | CFD
| Short | 1905 | 4.663302 GBP |
10p ordinary | CFD
| Short | 14253 | 4.663104 GBP |
10p ordinary | CFD
| Short | 1077 | 4.667 GBP |
10p ordinary | CFD
| Short | 56857 | 4.667377 GBP |
10p ordinary | CFD
| Short | 66500 | 4.65490481203008 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: | 01 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.