Last checked at 21 Mar 2024 11:41
This announcement replaces the previous RNS announcement 6269H released at 11:36 on the 20th March 2024. Amendments to sections 2a and 2b. All other information remains unchanged
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: | 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
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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
| 1523447 | 2.10331 GBP | 2.08995 GBP |
10p ordinary | Sell
| 1452717 | 2.10400 GBP | 2.08995 GBP |
CDI | Buy
| 3238306 | 4.06261 AUD | 4.04000 AUD |
CDI | Sell
| 3238306 | 7.84285 AUD | 4.04323 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 | 145417 | 2.0957 GBP |
10p ordinary | CFD
| Long | 9301 | 2.093753 GBP |
10p ordinary | CFD
| Long | 2442 | 2.104 GBP |
10p ordinary | CFD
| Long | 58457 | 2.098604 GBP |
10p ordinary | CFD
| Long | 126091 | 2.0929 GBP |
10p ordinary | CFD
| Long | 126091 | 2.09291 GBP |
10p ordinary | CFD
| Long | 87949 | 2.095510188 GBP |
10p ordinary | CFD
| Long | 65252 | 2.09 GBP |
10p ordinary | CFD
| Long | 1980 | 2.093717 GBP |
10p ordinary | CFD
| Long | 881 | 2.094788 GBP |
10p ordinary | CFD
| Long | 419 | 2.0915 GBP |
10p ordinary | CFD
| Long | 46 | 2.094 GBP |
10p ordinary | CFD
| Long | 12495 | 2.092241 GBP |
10p ordinary | CFD
| Long | 2527 | 2.09358527898694 GBP |
10p ordinary | CFD
| Long | 226687 | 2.10003785 GBP |
10p ordinary | CFD
| Long | 355796 | 2.102388 GBP |
10p ordinary | CFD
| Long | 350000 | 2.09832857 GBP |
10p ordinary | CFD
| Long | 671 | 2.0947004 GBP |
10p ordinary | CFD
| Long | 25304 | 2.091394 GBP |
10p ordinary | CFD
| Short | 1052 | 2.093009 GBP |
10p ordinary | CFD
| Short | 3993 | 2.09635261 GBP |
10p ordinary | CFD
| Short | 1143 | 2.09617948 GBP |
10p ordinary | CFD
| Short | 566 | 2.09607336 GBP |
10p ordinary | CFD
| Short | 932476 | 2.0931 GBP |
10p ordinary | CFD
| Short | 1984 | 2.103 GBP |
10p ordinary | CFD
| Short | 24512 | 2.092923 GBP |
10p ordinary | CFD
| Short | 1274 | 2.0933830455259 GBP |
10p ordinary | CFD
| Short | 5098 | 2.096 GBP |
10p ordinary | CFD
| Short | 8219 | 2.094168 GBP |
10p ordinary | CFD
| Short | 49998 | 2.09004 GBP |
10p ordinary | CFD
| Short | 15913 | 2.09283 GBP |
10p ordinary | CFD
| Short | 34471 | 2.093452 GBP |
10p ordinary | CFD
| Short | 27278 | 2.093264 GBP |
10p ordinary | CFD
| Short | 13285 | 2.095642 GBP |
10p ordinary | CFD
| Short | 8487 | 2.092832 GBP |
10p ordinary | CFD
| Short | 1 | 2.097 GBP |
10p ordinary | CFD
| Short | 1865 | 2.090102 GBP |
10p ordinary | CFD
| Short | 31399 | 2.09002613 GBP |
10p ordinary | CFD
| Short | 2609 | 2.092031 GBP |
10p ordinary | CFD
| Short | 124837 | 2.09 GBP |
10p ordinary | CFD
| Short | 59318 | 2.092831 GBP |
10p ordinary | CFD
| Short | 60000 | 2.091 GBP |
10p ordinary | CFD
| Short | 1610 | 2.09335342 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: | 21 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.