29 Jul 2024 11:27
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
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(d) Date dealing undertaken: | 26 July 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
| 735146 | 5.20988 GBP | 5.18609 GBP |
10p ordinary | Sell
| 484752 | 5.20988 GBP | 5.07529 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 | 23000 | 5.08924217391304 GBP |
10p ordinary | CFD
| Long | 1078 | 5.1576392 GBP |
10p ordinary | CFD
| Long | 1888 | 5.16104237376059 GBP |
10p ordinary | CFD
| Long | 1289 | 5.153 GBP |
10p ordinary | CFD
| Long | 4601 | 5.16163790519887 GBP |
10p ordinary | CFD
| Long | 2179 | 5.15655025 GBP |
10p ordinary | CFD
| Long | 7634 | 5.14187091 GBP |
10p ordinary | CFD
| Long | 1228 | 5.13506164 GBP |
10p ordinary | CFD
| Long | 28127 | 5.16169161 GBP |
10p ordinary | CFD
| Long | 43875 | 5.198 GBP |
10p ordinary | CFD
| Long | 221 | 5.1516 GBP |
10p ordinary | CFD
| Long | 28384 | 5.19774 GBP |
10p ordinary | CFD
| Long | 39702 | 5.154352 GBP |
10p ordinary | CFD
| Long | 552 | 5.158 GBP |
10p ordinary | CFD
| Long | 4523 | 5.15466681 GBP |
10p ordinary | CFD
| Long | 4075 | 5.09740122472638 GBP |
10p ordinary | CFD
| Long | 1524 | 5.15985826961942 GBP |
10p ordinary | CFD
| Long | 2276 | 5.146538 GBP |
10p ordinary | CFD
| Long | 2301 | 5.18960756 GBP |
10p ordinary | CFD
| Long | 1040 | 5.16086702 GBP |
10p ordinary | CFD
| Long | 7503 | 5.150209 GBP |
10p ordinary | CFD
| Long | 34 | 5.07519831 GBP |
10p ordinary | CFD
| Long | 8893 | 5.14699004525694 GBP |
10p ordinary | CFD
| Short | 3786 | 5.15315637 GBP |
10p ordinary | CFD
| Short | 101 | 5.16 GBP |
10p ordinary | CFD
| Short | 23984 | 5.15213100400267 GBP |
10p ordinary | CFD
| Short | 1840 | 5.09447856 GBP |
10p ordinary | CFD
| Short | 289005 | 5.198 GBP |
10p ordinary | CFD
| Short | 6869 | 5.1014534885238 GBP |
10p ordinary | CFD
| Short | 2207 | 5.17219551541912 GBP |
10p ordinary | CFD
| Short | 270 | 5.17302963081481 GBP |
10p ordinary | CFD
| Short | 500 | 5.094 GBP |
10p ordinary | CFD
| Short | 2923 | 5.19839001026343 GBP |
10p ordinary | CFD
| Short | 244 | 5.15636885245902 GBP |
10p ordinary | CFD
| Short | 5534 | 5.10777990630647 GBP |
10p ordinary | CFD
| Short | 5568 | 5.09798078 GBP |
10p ordinary | CFD
| Short | 57035 | 5.13625245654282 GBP |
10p ordinary | CFD
| Short | 25961 | 5.15333877699318 GBP |
10p ordinary | CFD
| Short | 3000 | 5.09205666666667 GBP |
10p ordinary | CFD
| Short | 5434 | 5.148546 GBP |
10p ordinary | CFD
| Short | 35 | 5.19806498 GBP |
10p ordinary | CFD
| Short | 47446 | 5.136651 GBP |
10p ordinary | CFD
| Short | 2540 | 5.158 GBP |
10p ordinary | CFD
| Short | 2000 | 5.1 GBP |
10p ordinary | CFD
| Short | 800 | 5.136 GBP |
10p ordinary | CFD
| Short | 388 | 5.142 GBP |
10p ordinary | CFD
| Short | 1414 | 5.19838896746818 GBP |
10p ordinary | CFD
| Short | 118 | 5.15642372881356 GBP |
10p ordinary | CFD
| Short | 4856 | 5.17061078996705 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: | 29 July 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.