Last checked at 27 Mar 2024 11:48
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: | 26 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
| 601697 | 4.75050 GBP | 4.70065 GBP |
10p ordinary | Sell
| 228963 | 4.75000 GBP | 4.69833 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 | 5627 | 4.743 GBP |
10p ordinary | CFD
| Long | 2744 | 4.739888 GBP |
10p ordinary | CFD
| Long | 552 | 4.737 GBP |
10p ordinary | CFD
| Long | 11861 | 4.738005 GBP |
10p ordinary | CFD
| Long | 1070 | 4.73579439252336 GBP |
10p ordinary | CFD
| Long | 8074 | 4.69833168 GBP |
10p ordinary | CFD
| Long | 6179 | 4.71343049 GBP |
10p ordinary | CFD
| Long | 9535 | 4.726549 GBP |
10p ordinary | CFD
| Long | 5219 | 4.7253922 GBP |
10p ordinary | CFD
| Long | 4422 | 4.717585 GBP |
10p ordinary | CFD
| Long | 6846 | 4.73552585451358 GBP |
10p ordinary | CFD
| Long | 335 | 4.728 GBP |
10p ordinary | CFD
| Long | 2438 | 4.73579737489746 GBP |
10p ordinary | CFD
| Short | 28387 | 4.74204996 GBP |
10p ordinary | CFD
| Short | 15871 | 4.73462169 GBP |
10p ordinary | CFD
| Short | 104018 | 4.74314421 GBP |
10p ordinary | CFD
| Short | 81146 | 4.743 GBP |
10p ordinary | CFD
| Short | 3916 | 4.74504085801839 GBP |
10p ordinary | CFD
| Short | 27702 | 4.73982564435781 GBP |
10p ordinary | CFD
| Short | 16285 | 4.738472 GBP |
10p ordinary | CFD
| Short | 8280 | 4.742 GBP |
10p ordinary | CFD
| Short | 912 | 4.741115 GBP |
10p ordinary | CFD
| Short | 960 | 4.74370833333333 GBP |
10p ordinary | CFD
| Short | 12220 | 4.7429898 GBP |
10p ordinary | CFD
| Short | 66 | 4.74021212 GBP |
10p ordinary | CFD
| Short | 2764 | 4.73877931 GBP |
10p ordinary | CFD
| Short | 33592 | 4.738741 GBP |
10p ordinary | CFD
| Short | 370 | 4.7426473 GBP |
10p ordinary | CFD
| Short | 2519 | 4.74013 GBP |
10p ordinary | CFD
| Short | 58302 | 4.743237 GBP |
10p ordinary | CFD
| Short | 21643 | 4.742958 GBP |
10p ordinary | CFD
| Short | 4980 | 4.74087751004016 GBP |
10p ordinary | CFD
| Short | 5576 | 4.731653 GBP |
10p ordinary | CFD
| Short | 15649 | 4.738613 GBP |
10p ordinary | CFD
| Short | 3208 | 4.73447007481297 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: | 27 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.