Last checked at 29 Feb 2024 11:39
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 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
| 817603 | 4.67454 GBP | 4.61500 GBP |
10p ordinary | Sell
| 503956 | 4.70578 GBP | 4.61400 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 | 11908 | 4.64 GBP |
10p ordinary | CFD
| Long | 789 | 4.63 GBP |
10p ordinary | CFD
| Long | 384 | 4.636 GBP |
10p ordinary | CFD
| Long | 1279 | 4.632 GBP |
10p ordinary | CFD
| Long | 23994 | 4.647818 GBP |
10p ordinary | CFD
| Long | 49050 | 4.655433 GBP |
10p ordinary | CFD
| Long | 11400 | 4.635679 GBP |
10p ordinary | CFD
| Long | 200 | 4.664615 GBP |
10p ordinary | CFD
| Long | 1 | 4.6625 GBP |
10p ordinary | CFD
| Long | 13975 | 4.635751 GBP |
10p ordinary | CFD
| Long | 2 | 4.618 GBP |
10p ordinary | CFD
| Long | 310 | 4.623212 GBP |
10p ordinary | CFD
| Long | 237 | 4.705781 GBP |
10p ordinary | CFD
| Long | 63426 | 4.639768 GBP |
10p ordinary | CFD
| Long | 17381 | 4.639942 GBP |
10p ordinary | CFD
| Long | 315 | 4.70565079 GBP |
10p ordinary | CFD
| Long | 2087 | 4.68588884 GBP |
10p ordinary | CFD
| Long | 38560 | 4.643276 GBP |
10p ordinary | CFD
| Long | 715 | 4.642007 GBP |
10p ordinary | CFD
| Long | 752 | 4.637019 GBP |
10p ordinary | CFD
| Long | 311 | 4.638336 GBP |
10p ordinary | CFD
| Long | 2757 | 4.643327 GBP |
10p ordinary | CFD
| Long | 29398 | 4.643019 GBP |
10p ordinary | CFD
| Long | 4 | 4.622 GBP |
10p ordinary | CFD
| Long | 10361 | 4.64316475 GBP |
10p ordinary | CFD
| Long | 4122 | 4.66377729257642 GBP |
10p ordinary | CFD
| Long | 438 | 4.635 GBP |
10p ordinary | CFD
| Long | 10960 | 4.629228 GBP |
10p ordinary | CFD
| Long | 969 | 4.637 GBP |
10p ordinary | CFD
| Short | 8132 | 4.638827 GBP |
10p ordinary | CFD
| Short | 13891 | 4.6415 GBP |
10p ordinary | CFD
| Short | 1218 | 4.63476888341544 GBP |
10p ordinary | CFD
| Short | 114173 | 4.639964 GBP |
10p ordinary | CFD
| Short | 712 | 4.621088 GBP |
10p ordinary | CFD
| Short | 4530 | 4.644384 GBP |
10p ordinary | CFD
| Short | 1 | 4.6665 GBP |
10p ordinary | CFD
| Short | 4304 | 4.64436053 GBP |
10p ordinary | CFD
| Short | 471 | 4.624 GBP |
10p ordinary | CFD
| Short | 101004 | 4.64 GBP |
10p ordinary | CFD
| Short | 43183 | 4.67454021 GBP |
10p ordinary | CFD
| Short | 1223 | 4.6451905526 GBP |
10p ordinary | CFD
| Short | 1818 | 4.666117 GBP |
10p ordinary | CFD
| Short | 34823 | 4.630908 GBP |
10p ordinary | CFD
| Short | 16217 | 4.640093 GBP |
10p ordinary | CFD
| Short | 9500 | 4.637689 GBP |
10p ordinary | CFD
| Short | 5783 | 4.654724 GBP |
10p ordinary | CFD
| Short | 987 | 4.66158976798379 GBP |
10p ordinary | CFD
| Short | 96 | 4.62402083020833 GBP |
10p ordinary | CFD
| Short | 2203 | 4.658218 GBP |
10p ordinary | CFD
| Short | 4172 | 4.618654 GBP |
10p ordinary | CFD
| Short | 6385 | 4.63235082223962 GBP |
10p ordinary | CFD
| Short | 46 | 4.6413 GBP |
10p ordinary | CFD
| Short | 53105 | 4.635864 GBP |
10p ordinary | CFD
| Short | 2750 | 4.63477072727273 GBP |
10p ordinary | CFD
| Short | 74269 | 4.64014842 GBP |
10p ordinary | CFD
| Short | 23605 | 4.62795309 GBP |
10p ordinary | CFD
| Short | 683 | 4.62395314787701 GBP |
10p ordinary | CFD
| Short | 73917 | 4.63586901524683 GBP |
10p ordinary | CFD
| Short | 18240 | 4.629 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 February 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.