This announcement replaces the previous RNS announcement 5393L released at 11:57 on the 27th 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: | 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
| 20735085 | 2.14000 GBP | 2.13000 GBP |
| 10p ordinary | Sell
| 317104 | 2.14000 GBP | 2.12700 GBP |
| CDI
| Buy | 29618214 | 4.11120 AUD | 4.10000 AUD |
| CDI
| Sell | 29618214 | 4.11120 AUD | 4.10000 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 | 9702 | 2.13390435 GBP |
| 10p ordinary | CFD
| Long | 16060 | 2.1323826 GBP |
| 10p ordinary | CFD
| Long | 1840 | 2.13569 GBP |
| 10p ordinary | CFD
| Long | 115999 | 2.139 GBP |
| 10p ordinary | CFD
| Long | 3485 | 2.135288 GBP |
| 10p ordinary | CFD
| Long | 2733 | 2.13513 GBP |
| 10p ordinary | CFD
| Long | 628 | 2.136101 GBP |
| 10p ordinary | CFD
| Long | 18200 | 2.13537692 GBP |
| 10p ordinary | CFD
| Long | 11062 | 2.13900018079913 GBP |
| 10p ordinary | CFD
| Long | 10317 | 2.13322279 GBP |
| 10p ordinary | CFD
| Long | 6987 | 2.1330907 GBP |
| 10p ordinary | CFD
| Long | 22141 | 2.133553 GBP |
| 10p ordinary | CFD
| Short | 199804 | 2.139 GBP |
| 10p ordinary | CFD
| Short | 3427 | 2.133999 GBP |
| 10p ordinary | CFD
| Short | 1739 | 2.139109 GBP |
| 10p ordinary | CFD
| Short | 6123 | 2.13251 GBP |
| 10p ordinary | CFD
| Short | 278 | 2.13902674 GBP |
| 10p ordinary | CFD
| Short | 58458 | 2.132 GBP |
| 10p ordinary | CFD
| Short | 19833319 | 0.0 GBP |
| 10p ordinary | CFD
| Short | 237428 | 2.13185238 GBP |
| 10p ordinary | CFD
| Short | 8168 | 2.13337291870715 GBP |
| 10p ordinary | CFD
| Short | 944 | 2.133025 GBP |
| 10p ordinary | CFD
| Short | 94178 | 2.136044 GBP |
| 10p ordinary | CFD
| Short | 2996 | 2.13904205607477 GBP |
| 10p ordinary | CFD
| Short | 1820 | 2.13434065934066 GBP |
| 10p ordinary | CFD
| Short | 447 | 2.134213 GBP |
| 10p ordinary | CFD
| Short | 40154 | 2.134643 GBP |
| 10p ordinary | CFD
| Short | 8592 | 2.134303 GBP |
| 10p ordinary | CFD
| Short | 9476 | 2.13904073448713 GBP |
| 10p ordinary | CFD
| Short | 5749 | 2.13434162463037 GBP |
| 10p ordinary | CFD
| Short | 2807 | 2.13468471677948 GBP |
| 10p ordinary | CFD
| Short | 23534 | 2.136061 GBP |
| 10p ordinary | CFD
| Short | 9469 | 2.13904108142359 GBP |
| 10p ordinary | CFD
| Short | 5745 | 2.13434116623151 GBP |
| 10p ordinary | CFD
| Short | 15309 | 2.13904108694232 GBP |
| 10p ordinary | CFD
| Short | 9289 | 2.13434061793519 GBP |
| 10p ordinary | CFD
| Short | 10870 | 2.13904139834407 GBP |
| 10p ordinary | CFD
| Short | 6595 | 2.13434116755118 GBP |
| 10p ordinary | CFD
| Short | 6274 | 2.13904048453937 GBP |
| 10p ordinary | CFD
| Short | 3808 | 2.13434086134454 GBP |
| 10p ordinary | CFD
| Short | 2057 | 2.13904229460379 GBP |
| 10p ordinary | CFD
| Short | 1249 | 2.13433947157726 GBP |
| 10p ordinary | CFD
| Long | 9100476 | 4.11 AUD |
| 10p ordinary | CFD
| Short | 9100476 | 4.11 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
|
(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: | 28 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.
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