Last checked at 24 Jun 2024 10:47
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: | 21 June 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" | YES
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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
| 1741805 | 2.15018 GBP | 2.13638 GBP |
10p ordinary | Sell
| 366305 | 2.15000 GBP | 2.13666 GBP |
CDI
| Buy | 1053865 | 4.09000 AUD | 4.07000 AUD |
CDI | Sell
| 1053865 | 4.09000 AUD | 4.07000 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 | 990 | 2.15 GBP |
10p ordinary | CFD
| Long | 33640 | 2.13808528537455 GBP |
10p ordinary | CFD
| Long | 260 | 2.149 GBP |
10p ordinary | CFD
| Long | 1628 | 2.14884029484029 GBP |
10p ordinary | CFD
| Long | 44357 | 2.13860328696711 GBP |
10p ordinary | CFD
| Long | 16754 | 2.13797327 GBP |
10p ordinary | CFD
| Long | 91901 | 2.138 GBP |
10p ordinary | CFD
| Long | 12916 | 2.14859786280273 GBP |
10p ordinary | CFD
| Short | 1667 | 2.14814037 GBP |
10p ordinary | CFD
| Short | 7335 | 2.138 GBP |
10p ordinary | CFD
| Short | 254015 | 2.13638427 GBP |
10p ordinary | CFD
| Short | 5187 | 2.14815502 GBP |
10p ordinary | CFD
| Short | 3416 | 2.15010246 GBP |
10p ordinary | CFD
| Short | 1831 | 2.15017968 GBP |
10p ordinary | CFD
| Short | 2123 | 2.1501530842016 GBP |
10p ordinary | CFD
| Short | 5471 | 2.146 GBP |
10p ordinary | CFD
| Short | 22671 | 2.143396 GBP |
10p ordinary | CFD
| Short | 179415 | 2.13906897 GBP |
10p ordinary | CFD
| Short | 1000000 | 2.138641 GBP |
10p ordinary | CFD
| Short | 115777 | 2.149 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: | 24 June 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.