Last checked at 15 Feb 2024 11:01
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: | 14 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
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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
| 392936 | 4.79800 GBP | 4.68200 GBP |
10p ordinary | Sell
| 607612 | 4.79800 GBP | 4.68164 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 | 596 | 4.722 GBP |
10p ordinary | CFD
| Long | 34444 | 4.746422 GBP |
10p ordinary | CFD
| Long | 1775 | 4.707 GBP |
10p ordinary | CFD
| Long | 395 | 4.71 GBP |
10p ordinary | CFD
| Long | 705 | 4.706 GBP |
10p ordinary | CFD
| Long | 80 | 4.724 GBP |
10p ordinary | CFD
| Long | 2440 | 4.716 GBP |
10p ordinary | CFD
| Long | 1659 | 4.715 GBP |
10p ordinary | CFD
| Long | 3556 | 4.7583 GBP |
10p ordinary | CFD
| Long | 3020 | 4.736 GBP |
10p ordinary | CFD
| Long | 10999 | 4.76630239112647 GBP |
10p ordinary | CFD
| Long | 3792 | 4.75472046413502 GBP |
10p ordinary | CFD
| Long | 4472 | 4.737946 GBP |
10p ordinary | CFD
| Long | 24993 | 4.75153436962349 GBP |
10p ordinary | CFD
| Long | 26400 | 4.77384393939394 GBP |
10p ordinary | CFD
| Long | 3152 | 4.743 GBP |
10p ordinary | CFD
| Long | 32360 | 4.729625 GBP |
10p ordinary | CFD
| Long | 1634 | 4.72 GBP |
10p ordinary | CFD
| Long | 2250 | 4.717 GBP |
10p ordinary | CFD
| Long | 1466 | 4.718 GBP |
10p ordinary | CFD
| Long | 701 | 4.713 GBP |
10p ordinary | CFD
| Long | 91 | 4.751 GBP |
10p ordinary | CFD
| Long | 1217 | 4.75 GBP |
10p ordinary | CFD
| Long | 1401 | 4.753 GBP |
10p ordinary | CFD
| Long | 3120 | 4.729 GBP |
10p ordinary | CFD
| Long | 584 | 4.731 GBP |
10p ordinary | CFD
| Long | 534 | 4.73 GBP |
10p ordinary | CFD
| Long | 11019 | 4.7515393865142 GBP |
10p ordinary | CFD
| Long | 4491 | 4.736005 GBP |
10p ordinary | CFD
| Long | 3911 | 4.74839 GBP |
10p ordinary | CFD
| Long | 5477 | 4.767139 GBP |
10p ordinary | CFD
| Long | 8 | 4.749 GBP |
10p ordinary | CFD
| Long | 3654 | 4.745409 GBP |
10p ordinary | CFD
| Long | 2 | 4.783 GBP |
10p ordinary | CFD
| Long | 2 | 4.765 GBP |
10p ordinary | CFD
| Long | 18396 | 4.74789625 GBP |
10p ordinary | CFD
| Long | 5865 | 4.746685 GBP |
10p ordinary | CFD
| Long | 3393 | 4.757757 GBP |
10p ordinary | CFD
| Long | 5446 | 4.735764 GBP |
10p ordinary | CFD
| Long | 2609 | 4.68164814 GBP |
10p ordinary | CFD
| Long | 533 | 4.736004 GBP |
10p ordinary | CFD
| Long | 15322 | 4.75771 GBP |
10p ordinary | CFD
| Long | 6 | 4.757 GBP |
10p ordinary | CFD
| Long | 7143 | 4.76888002239955 GBP |
10p ordinary | CFD
| Long | 109210 | 4.74257 GBP |
10p ordinary | CFD
| Long | 49345 | 4.745994 GBP |
10p ordinary | CFD
| Long | 1159 | 4.709 GBP |
10p ordinary | CFD
| Short | 8000 | 4.7513469 GBP |
10p ordinary | CFD
| Short | 1700 | 4.682 GBP |
10p ordinary | CFD
| Short | 1092 | 4.73599816849817 GBP |
10p ordinary | CFD
| Short | 3008 | 4.77338763 GBP |
10p ordinary | CFD
| Short | 26300 | 4.75257984790875 GBP |
10p ordinary | CFD
| Short | 541 | 4.769 GBP |
10p ordinary | CFD
| Short | 1987 | 4.76786 GBP |
10p ordinary | CFD
| Short | 32948 | 4.77338564 GBP |
10p ordinary | CFD
| Short | 64044 | 4.77338549 GBP |
10p ordinary | CFD
| Short | 17698 | 4.752526 GBP |
10p ordinary | CFD
| Short | 30067 | 4.750576 GBP |
10p ordinary | CFD
| Short | 4601 | 4.74367 GBP |
10p ordinary | CFD
| Short | 1 | 4.768 GBP |
10p ordinary | CFD
| Short | 1 | 4.7715 GBP |
10p ordinary | CFD
| Short | 8 | 4.77897785 GBP |
10p ordinary | CFD
| Short | 277 | 4.7174717 GBP |
10p ordinary | CFD
| Short | 2675 | 4.736236 GBP |
10p ordinary | CFD
| Short | 1047 | 4.764798 GBP |
10p ordinary | CFD
| Short | 861 | 4.768177 GBP |
10p ordinary | CFD
| Short | 388 | 4.76208763 GBP |
10p ordinary | CFD
| Short | 177 | 4.76853107 GBP |
10p ordinary | CFD
| Short | 146 | 4.77307336 GBP |
10p ordinary | CFD
| Short | 1908 | 4.74768343815514 GBP |
10p ordinary | CFD
| Short | 1788 | 4.750303 GBP |
10p ordinary | CFD
| Short | 1890 | 4.749782 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: | 15 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.