Last checked at 22 Mar 2024 11:43
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: | 21 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 |
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
| 1051763 | 4.79500 GBP | 4.73099 GBP |
10p ordinary | Sell
| 1580500 | 4.79501 GBP | 4.73099 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 | 6678 | 4.77347 GBP |
10p ordinary | CFD
| Long | 1017 | 4.773947 GBP |
10p ordinary | CFD
| Long | 143788 | 4.772469 GBP |
10p ordinary | CFD
| Long | 3042 | 4.7885355 GBP |
10p ordinary | CFD
| Long | 336399 | 4.79 GBP |
10p ordinary | CFD
| Long | 13209 | 4.75696994473465 GBP |
10p ordinary | CFD
| Long | 1077 | 4.749 GBP |
10p ordinary | CFD
| Long | 485 | 4.748 GBP |
10p ordinary | CFD
| Long | 5879 | 4.75696674604525 GBP |
10p ordinary | CFD
| Long | 5 | 4.7677 GBP |
10p ordinary | CFD
| Long | 33389 | 4.789978 GBP |
10p ordinary | CFD
| Long | 951 | 4.77527655 GBP |
10p ordinary | CFD
| Long | 45 | 4.75566667 GBP |
10p ordinary | CFD
| Long | 298 | 4.758758 GBP |
10p ordinary | CFD
| Long | 2654 | 4.751575 GBP |
10p ordinary | CFD
| Long | 954 | 4.7547874 GBP |
10p ordinary | CFD
| Long | 21258 | 4.7315801 GBP |
10p ordinary | CFD
| Long | 8503 | 4.74795458 GBP |
10p ordinary | CFD
| Long | 80540 | 4.77190300029998 GBP |
10p ordinary | CFD
| Long | 5452 | 4.758448 GBP |
10p ordinary | CFD
| Long | 2360 | 4.78994013 GBP |
10p ordinary | CFD
| Long | 150 | 4.78446667 GBP |
10p ordinary | CFD
| Long | 991 | 4.772857 GBP |
10p ordinary | CFD
| Long | 93 | 4.752 GBP |
10p ordinary | CFD
| Long | 12805 | 4.773226 GBP |
10p ordinary | CFD
| Long | 3268 | 4.77405446756426 GBP |
10p ordinary | CFD
| Long | 2899 | 4.78521904104864 GBP |
10p ordinary | CFD
| Short | 19321 | 4.77 GBP |
10p ordinary | CFD
| Short | 4128 | 4.75754360465116 GBP |
10p ordinary | CFD
| Short | 4416 | 4.75414855072464 GBP |
10p ordinary | CFD
| Short | 2184 | 4.73670787545788 GBP |
10p ordinary | CFD
| Short | 2623 | 4.784 GBP |
10p ordinary | CFD
| Short | 24700 | 4.777378 GBP |
10p ordinary | CFD
| Short | 782 | 4.7715 GBP |
10p ordinary | CFD
| Short | 1000 | 4.789742 GBP |
10p ordinary | CFD
| Short | 430 | 4.7725 GBP |
10p ordinary | CFD
| Short | 5445 | 4.7718 GBP |
10p ordinary | CFD
| Short | 7988 | 4.79095768652979 GBP |
10p ordinary | CFD
| Short | 18949 | 4.756726 GBP |
10p ordinary | CFD
| Short | 2581 | 4.7789291 GBP |
10p ordinary | CFD
| Short | 8035 | 4.7682912 GBP |
10p ordinary | CFD
| Short | 4583 | 4.76142385 GBP |
10p ordinary | CFD
| Short | 17512 | 4.790239 GBP |
10p ordinary | CFD
| Short | 264 | 4.76246212 GBP |
10p ordinary | CFD
| Short | 263 | 4.762015 GBP |
10p ordinary | CFD
| Short | 541 | 4.7772255 GBP |
10p ordinary | CFD
| Short | 7440 | 4.78973401 GBP |
10p ordinary | CFD
| Short | 7440 | 4.79043163 GBP |
10p ordinary | CFD
| Short | 434 | 4.77328834 GBP |
10p ordinary | CFD
| Short | 930 | 4.79 GBP |
10p ordinary | CFD
| Short | 23139 | 4.787348 GBP |
10p ordinary | CFD
| Short | 7250 | 6.067493 USD |
(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: | 22 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.