Last checked at 8 Mar 2024 15:54
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 | Virgin Money UK plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Nationwide Building Society |
(d) Date dealing undertaken: | 07 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
| 14856634 | 2.17800 GBP | 2.12900 GBP |
10p ordinary | Sell
| 14229173 | 2.17625 GBP | 2.12600 GBP |
CDI | Buy
| 1621146 | 4.16465 AUD | 3.05205 AUD |
CDI | Sell
| 1621146 | 4.16465 AUD | 3.05205 AUD |
(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 | 831 | 2.1504876997 GBP |
10p ordinary | CFD
| Long | 21323 | 2.1648276 GBP |
10p ordinary | CFD
| Long | 11199 | 2.136214 GBP |
10p ordinary | CFD
| Long | 6620 | 2.134535 GBP |
10p ordinary | CFD
| Long | 44339 | 2.158962 GBP |
10p ordinary | CFD
| Long | 2401 | 2.14541008 GBP |
10p ordinary | CFD
| Long | 973 | 2.130247 GBP |
10p ordinary | CFD
| Long | 258 | 2.13 GBP |
10p ordinary | CFD
| Long | 297532 | 2.16246514 GBP |
10p ordinary | CFD
| Long | 13741 | 2.16621861582126 GBP |
10p ordinary | CFD
| Long | 1658 | 2.16219541616405 GBP |
10p ordinary | CFD
| Long | 26566 | 2.16 GBP |
10p ordinary | CFD
| Long | 2313 | 2.163 GBP |
10p ordinary | CFD
| Long | 3333 | 2.162 GBP |
10p ordinary | CFD
| Long | 65 | 2.161 GBP |
10p ordinary | CFD
| Long | 1000 | 2.158 GBP |
10p ordinary | CFD
| Long | 52703 | 2.14499099 GBP |
10p ordinary | CFD
| Long | 476203 | 2.166894 GBP |
10p ordinary | CFD
| Long | 16095 | 2.1677287 GBP |
10p ordinary | CFD
| Long | 46378 | 2.146893 GBP |
10p ordinary | CFD
| Long | 8719 | 2.170968 GBP |
10p ordinary | CFD
| Long | 2701 | 2.149467 GBP |
10p ordinary | CFD
| Long | 6000 | 2.144 GBP |
10p ordinary | CFD
| Long | 16062 | 2.159 GBP |
10p ordinary | CFD
| Long | 13793 | 2.138 GBP |
10p ordinary | CFD
| Long | 769 | 2.145 GBP |
10p ordinary | CFD
| Long | 1108 | 2.14 GBP |
10p ordinary | CFD
| Long | 162384 | 2.156376 GBP |
10p ordinary | CFD
| Short | 86001 | 2.147 GBP |
10p ordinary | CFD
| Short | 8259 | 2.1421328 GBP |
10p ordinary | CFD
| Short | 190 | 2.154854 GBP |
10p ordinary | CFD
| Short | 78239 | 2.16 GBP |
10p ordinary | CFD
| Short | 117653 | 2.165811 GBP |
10p ordinary | CFD
| Short | 33704 | 2.164354 GBP |
10p ordinary | CFD
| Short | 29423 | 2.14537335 GBP |
10p ordinary | CFD
| Short | 9531 | 2.14071241 GBP |
10p ordinary | CFD
| Short | 2600 | 2.13754231 GBP |
10p ordinary | CFD
| Short | 8774 | 2.14702684 GBP |
10p ordinary | CFD
| Short | 29097 | 2.153862 GBP |
10p ordinary | CFD
| Short | 24938 | 2.169 GBP |
10p ordinary | CFD
| Short | 20713 | 2.15 GBP |
10p ordinary | CFD
| Short | 7242 | 2.129 GBP |
10p ordinary | CFD
| Short | 15845 | 2.165 GBP |
10p ordinary | CFD
| Short | 7690 | 2.166 GBP |
10p ordinary | CFD
| Short | 23115 | 2.161 GBP |
10p ordinary | CFD
| Short | 54303 | 2.162 GBP |
10p ordinary | CFD
| Short | 11200 | 2.169752 GBP |
10p ordinary | CFD
| Short | 15245 | 2.172 GBP |
10p ordinary | CFD
| Short | 2088 | 2.1605 GBP |
10p ordinary | CFD
| Short | 949638 | 2.163117 GBP |
10p ordinary | CFD
| Short | 140000 | 2.1629 GBP |
10p ordinary | CFD
| Short | 8290 | 2.16151918 GBP |
10p ordinary | CFD
| Short | 990 | 2.148449 GBP |
10p ordinary | CFD
| Short | 3139 | 2.151204 GBP |
10p ordinary | CFD
| Short | 1106 | 2.148221 GBP |
10p ordinary | CFD
| Short | 663 | 2.15900452488688 GBP |
10p ordinary | CFD
| Short | 49290 | 2.15953252 GBP |
10p ordinary | CFD
| Short | 3355 | 2.14700149031297 GBP |
10p ordinary | CFD
| Short | 3820 | 2.147525 GBP |
10p ordinary | CFD
| Short | 51649 | 2.163 GBP |
10p ordinary | CFD
| Short | 5973 | 2.1625 GBP |
10p ordinary | CFD
| Short | 15519 | 2.164 GBP |
10p ordinary | CFD
| Short | 4000 | 2.1655 GBP |
10p ordinary | CFD
| Short | 13297 | 2.17 GBP |
10p ordinary | CFD
| Short | 1650 | 2.177 GBP |
10p ordinary | CFD
| Short | 12000 | 2.176 GBP |
10p ordinary | CFD
| Short | 2000 | 2.1635 GBP |
10p ordinary | CFD
| Short | 6000 | 2.168577 GBP |
10p ordinary | CFD
| Short | 3698 | 2.1685 GBP |
10p ordinary | CFD
| Short | 4485 | 2.167 GBP |
CDI | CFD
| Long | 30,544 | 3.05205605 AUD |
CDI | CFD
| Long | 12,374 | 3.0618054 AUD |
CDI | CFD
| Long | 8,122 | 3.07 AUD |
CDI | CFD
| Long | 8,310 | 3.07052226 AUD |
CDI | CFD
| Long | 98,129 | 3.07241397 AUD |
CDI | CFD
| Long | 3,508 | 3.0781813 AUD |
CDI | CFD
| Long | 800 | 3.07875 AUD |
CDI | CFD
| Long | 662 | 3.08 AUD |
CDI | CFD
| Long | 206,551 | 3.08042701 AUD |
CDI | CFD
| Long | 198,149 | 3.08051502 AUD |
CDI | CFD
| Long | 77,661 | 3.08052703 AUD |
CDI | CFD
| Long | 54,868 | 3.08057866 AUD |
CDI | CFD
| Long | 10,210 | 3.08061508 AUD |
CDI | CFD
| Long | 37,521 | 3.08221503 AUD |
CDI | CFD
| Long | 131,392 | 3.08269712 AUD |
CDI | CFD
| Long | 11,194 | 3.0839682 AUD |
CDI | CFD
| Long | 37,242 | 3.08458595 AUD |
CDI | CFD
| Long | 10,524 | 3.09 AUD |
CDI | CFD
| Long | 53,385 | 3.09273654 AUD |
CDI | CFD
| Long | 630,000 | 4.16464961 AUD |
CDI | CFD
| Short | 30,544 | 3.05205605 AUD |
CDI | CFD
| Short | 12,374 | 3.0618054 AUD |
CDI | CFD
| Short | 8,122 | 3.07 AUD |
CDI | CFD
| Short | 8,310 | 3.07052226 AUD |
CDI | CFD
| Short | 98,129 | 3.07241397 AUD |
CDI | CFD
| Short | 3,508 | 3.0781813 AUD |
CDI | CFD
| Short | 800 | 3.07875 AUD |
CDI | CFD
| Short | 662 | 3.08 AUD |
CDI | CFD
| Short | 206,551 | 3.08042701 AUD |
CDI | CFD
| Short | 198,149 | 3.08051502 AUD |
CDI | CFD
| Short | 77,661 | 3.08052703 AUD |
CDI | CFD
| Short | 54,868 | 3.08057866 AUD |
CDI | CFD
| Short | 10,210 | 3.08061508 AUD |
CDI | CFD
| Short | 37,521 | 3.08221503 AUD |
CDI | CFD
| Short | 131,392 | 3.08269712 AUD |
CDI | CFD
| Short | 11,194 | 3.0839682 AUD |
CDI | CFD
| Short | 37,242 | 3.08458595 AUD |
CDI | CFD
| Short | 10,524 | 3.09 AUD |
CDI | CFD
| Short | 53,385 | 3.09273654 AUD |
CDI | CFD
| Short | 630,000 | 4.16464961 AUD |
(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: | 08 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.