Last checked at 20 Mar 2024 11:29
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: | 19 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
| 553107 | 4.75833 GBP | 4.62666 GBP |
10p ordinary | Sell
| 459734 | 4.72644 GBP | 4.62666 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 | 28700 | 4.6687362369338 GBP |
10p ordinary | CFD
| Long | 4416 | 4.64927762681159 GBP |
10p ordinary | CFD
| Long | 1584 | 4.64969065656566 GBP |
10p ordinary | CFD
| Long | 34449 | 4.66349 GBP |
10p ordinary | CFD
| Long | 2672 | 4.662 GBP |
10p ordinary | CFD
| Long | 1920 | 4.674 GBP |
10p ordinary | CFD
| Long | 1638 | 4.661 GBP |
10p ordinary | CFD
| Long | 200 | 4.644 GBP |
10p ordinary | CFD
| Long | 80 | 4.6895 GBP |
10p ordinary | CFD
| Long | 9785 | 4.649072 GBP |
10p ordinary | CFD
| Long | 233 | 4.67355365 GBP |
10p ordinary | CFD
| Long | 15905 | 4.648768 GBP |
10p ordinary | CFD
| Long | 11430 | 4.648767 GBP |
10p ordinary | CFD
| Long | 2033 | 4.64722086 GBP |
10p ordinary | CFD
| Long | 3179 | 4.64918913 GBP |
10p ordinary | CFD
| Long | 7 | 4.69142857 GBP |
10p ordinary | CFD
| Long | 5915 | 4.649 GBP |
10p ordinary | CFD
| Long | 426 | 4.68600938967136 GBP |
10p ordinary | CFD
| Long | 2353 | 4.671904 GBP |
10p ordinary | CFD
| Long | 25821 | 4.66672902 GBP |
10p ordinary | CFD
| Long | 360 | 4.653874 GBP |
10p ordinary | CFD
| Long | 349 | 4.655586 GBP |
10p ordinary | CFD
| Short | 67545 | 4.649233 GBP |
10p ordinary | CFD
| Short | 3395 | 4.6491727 GBP |
10p ordinary | CFD
| Short | 1000 | 4.6475 GBP |
10p ordinary | CFD
| Short | 66125 | 4.648961 GBP |
10p ordinary | CFD
| Short | 361 | 4.6454 GBP |
10p ordinary | CFD
| Short | 1818 | 4.64969746974697 GBP |
10p ordinary | CFD
| Short | 15191 | 4.651655 GBP |
10p ordinary | CFD
| Short | 40028 | 4.654169 GBP |
10p ordinary | CFD
| Short | 6021 | 4.6572 GBP |
10p ordinary | CFD
| Short | 8241 | 4.64297 GBP |
10p ordinary | CFD
| Short | 9174 | 4.65113036843253 GBP |
10p ordinary | CFD
| Short | 13990 | 4.6497174 GBP |
10p ordinary | CFD
| Short | 19456 | 4.671204 GBP |
10p ordinary | CFD
| Short | 5875 | 4.67085872 GBP |
10p ordinary | CFD
| Short | 1110 | 4.6656455 GBP |
10p ordinary | CFD
| Short | 234 | 4.691239 GBP |
10p ordinary | CFD
| Short | 8677 | 4.649232 GBP |
10p ordinary | CFD
| Short | 11291 | 4.644991 GBP |
10p ordinary | CFD
| Short | 320 | 4.6480378 GBP |
10p ordinary | CFD
| Short | 2787 | 4.649 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: | 20 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.