Last checked at 2 Apr 2024 11:26
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: | 28 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
| 391973 | 4.795461 GBP | 4.74933 GBP |
10p ordinary | Sell
| 334882 | 4.79000 GBP | 4.75054 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 | 290 | 4.76797241 GBP |
10p ordinary | CFD
| Long | 222 | 4.762 GBP |
10p ordinary | CFD
| Long | 14316 | 4.77119376920928 GBP |
10p ordinary | CFD
| Long | 9500 | 4.77724 GBP |
10p ordinary | CFD
| Long | 2784 | 4.77438218390805 GBP |
10p ordinary | CFD
| Long | 707 | 4.77079490806223 GBP |
10p ordinary | CFD
| Long | 22088 | 4.756 GBP |
10p ordinary | CFD
| Long | 250 | 4.762936 GBP |
10p ordinary | CFD
| Long | 92 | 4.77652173913043 GBP |
10p ordinary | CFD
| Long | 7633 | 4.777348 GBP |
10p ordinary | CFD
| Long | 334 | 4.777605 GBP |
10p ordinary | CFD
| Long | 2854 | 4.755764 GBP |
10p ordinary | CFD
| Long | 16017 | 4.755762 GBP |
10p ordinary | CFD
| Long | 310 | 4.77078064516129 GBP |
10p ordinary | CFD
| Long | 828 | 4.77955677 GBP |
10p ordinary | CFD
| Long | 133 | 4.7585 GBP |
10p ordinary | CFD
| Long | 9144 | 4.783053 GBP |
10p ordinary | CFD
| Long | 13767 | 4.777225 GBP |
10p ordinary | CFD
| Long | 2411 | 4.785 GBP |
10p ordinary | CFD
| Long | 279 | 4.777043 GBP |
10p ordinary | CFD
| Long | 7549 | 4.750543 GBP |
10p ordinary | CFD
| Long | 1 | 4.794 GBP |
10p ordinary | CFD
| Long | 1188 | 4.774189 GBP |
10p ordinary | CFD
| Short | 7952 | 4.7723 GBP |
10p ordinary | CFD
| Short | 11474 | 4.776371 GBP |
10p ordinary | CFD
| Short | 12536 | 4.758868 GBP |
10p ordinary | CFD
| Short | 5345 | 4.794617 GBP |
10p ordinary | CFD
| Short | 192 | 4.759773 GBP |
10p ordinary | CFD
| Short | 37 | 4.771 GBP |
10p ordinary | CFD
| Short | 5 | 4.7686 GBP |
10p ordinary | CFD
| Short | 2320 | 4.783 GBP |
10p ordinary | CFD
| Short | 18090 | 4.756 GBP |
10p ordinary | CFD
| Short | 1728 | 4.77986689814815 GBP |
10p ordinary | CFD
| Short | 35100 | 4.7560148 GBP |
10p ordinary | CFD
| Short | 90687 | 4.762916 GBP |
10p ordinary | CFD
| Short | 105 | 4.749286 GBP |
10p ordinary | CFD
| Short | 190 | 4.760158 GBP |
10p ordinary | CFD
| Short | 17911 | 4.761566 GBP |
10p ordinary | CFD
| Short | 19247 | 4.77049410297709 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: | 02 April 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.