This announcement replaces the previous RNS announcement 2587H released at 11:44 on the 18th 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 connected to UBS |
| (d) Date dealing undertaken: | 15 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" | YES
|
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
| 3232764 | 2.11500 GBP | 2.09415 GBP |
| 10p ordinary | Sell
| 4499443 | 2.11500 GBP | 2.09700 GBP |
| CDI | Buy
| 1876994 | 4.06000 AUD | 4.04000 AUD |
| CDI | Sell
| 1876994 | 4.06000 AUD | 4.04000 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 |
| CDI | CFD
| Long | 642940 | 4.04 AUD |
| CDI | CFD
| Long | 559420 | 4.0408 AUD |
| CDI | CFD
| Long | 250000 | 4.043 AUD |
| CDI | CFD
| Long | 200000 | 4.044 AUD |
| CDI | CFD
| Long | 89276 | 4.05 AUD |
| CDI | CFD
| Long | 98353 | 4.05415 AUD |
| CDI | CFD
| Long | 7943 | 4.05514 AUD |
| CDI | CFD
| Long | 29062 | 4.06 AUD |
| CDI | CFD
| Short | 642940 | 4.04 AUD |
| CDI | CFD
| Short | 559420 | 4.0408 AUD |
| CDI | CFD
| Short | 250000 | 4.043 AUD |
| CDI | CFD
| Short | 200000 | 4.044 AUD |
| CDI | CFD
| Short | 89276 | 4.05 AUD |
| CDI | CFD
| Short | 98353 | 4.05415 AUD |
| CDI | CFD
| Short | 7943 | 4.05514 AUD |
| CDI | CFD
| Short | 29062 | 4.06 AUD |
| 10p Ordinary | CFD | Long | 453,600 | 2.097 GBP |
| 10p Ordinary | CFD | Long | 2,354 | 2.09949873 GBP |
| 10p Ordinary | CFD | Long | 342,094 | 2.1 GBP |
| 10p Ordinary | CFD | Long | 936,876 | 2.10021 GBP |
| 10p Ordinary | CFD | Long | 15,646 | 2.1004768 GBP |
| 10p Ordinary | CFD | Long | 12,143 | 2.10071729 GBP |
| 10p Ordinary | CFD | Long | 228 | 2.10201754 GBP |
| 10p Ordinary | CFD | Long
| 32190 | 2.09989 GBP |
| 10p Ordinary | CFD | Short
| 1894 | 2.10010 GBP |
| 10p Ordinary | CFD | Long | 4 | 2.1025 GBP |
| 10p Ordinary | CFD | Long | 456 | 2.10280702 GBP |
| 10p Ordinary | CFD | Long | 31,700 | 2.10285426 GBP |
| 10p Ordinary | CFD | Long | 117 | 2.10299145 GBP |
| 10p Ordinary | CFD | Long | 886 | 2.10300226 GBP |
| 10p Ordinary | CFD | Long | 516 | 2.10300388 GBP |
| 10p Ordinary | CFD | Long | 229 | 2.1030131 GBP |
| 10p Ordinary | CFD | Long | 34,701 | 2.10328406 GBP |
| 10p Ordinary | CFD | Long | 7,941 | 2.10348067 GBP |
| 10p Ordinary | CFD | Long | 230 | 2.10352174 GBP |
| 10p Ordinary | CFD | Long | 670,000 | 2.1036 GBP |
| 10p Ordinary | CFD | Long | 21,014 | 2.1039112 GBP |
| 10p Ordinary | CFD | Long | 118 | 2.10398305 GBP |
| 10p Ordinary | CFD | Long | 886 | 2.10399549 GBP |
| 10p Ordinary | CFD | Long | 217 | 2.10437788 GBP |
| 10p Ordinary | CFD | Long | 475 | 2.10444211 GBP |
| 10p Ordinary | CFD | Long | 500,000 | 2.1045 GBP |
| 10p Ordinary | CFD | Long | 217 | 2.10451613 GBP |
| 10p Ordinary | CFD | Long | 555,671 | 2.10457562 GBP |
| 10p Ordinary | CFD | Long | 98,019 | 2.10457564 GBP |
| 10p Ordinary | CFD | Long | 71,310 | 2.10457664 GBP |
| 10p Ordinary | CFD | Long | 4,379 | 2.1046449 GBP |
| 10p Ordinary | CFD | Long | 2,432 | 2.10485197 GBP |
| 10p Ordinary | CFD | Long | 818 | 2.105 GBP |
| 10p Ordinary | CFD | Long | 134,841 | 2.10500004 GBP |
| 10p Ordinary | CFD | Long | 443 | 2.10501129 GBP |
| 10p Ordinary | CFD | Long | 317 | 2.10501577 GBP |
| 10p Ordinary | CFD | Long | 500,000 | 2.105258 GBP |
| 10p Ordinary | CFD | Long | 24,052 | 2.10591884 GBP |
| 10p Ordinary | CFD | Long | 274 | 2.1059854 GBP |
| 10p Ordinary | CFD | Long | 479 | 2.10599165 GBP |
| 10p Ordinary | CFD | Long | 690 | 2.106 GBP |
| 10p Ordinary | CFD | Long | 425 | 2.10649412 GBP |
| 10p Ordinary | CFD | Long | 234 | 2.10649573 GBP |
| 10p Ordinary | CFD | Long | 1,509 | 2.10650099 GBP |
| 10p Ordinary | CFD | Long | 1,250 | 2.106504 GBP |
| 10p Ordinary | CFD | Long | 472 | 2.10650424 GBP |
| 10p Ordinary | CFD | Long | 490 | 2.107 GBP |
| 10p Ordinary | CFD | Long | 1,954 | 2.10700102 GBP |
| 10p Ordinary | CFD | Long | 1,944 | 2.10700103 GBP |
| 10p Ordinary | CFD | Long | 514 | 2.10700389 GBP |
| 10p Ordinary | CFD | Long | 241 | 2.10701245 GBP |
| 10p Ordinary | CFD | Long | 10,038 | 2.10728133 GBP |
| 10p Ordinary | CFD | Long | 1,141 | 2.10728309 GBP |
| 10p Ordinary | CFD | Long | 7,957 | 2.10738469 GBP |
| 10p Ordinary | CFD | Long | 55 | 2.10745455 GBP |
| 10p Ordinary | CFD | Long | 484 | 2.10799587 GBP |
| 10p Ordinary | CFD | Long | 280 | 2.108 GBP |
| 10p Ordinary | CFD | Long | 202 | 2.10851485 GBP |
| 10p Ordinary | CFD | Long | 236 | 2.10864407 GBP |
| 10p Ordinary | CFD | Long | 529 | 2.10899811 GBP |
| 10p Ordinary | CFD | Long | 470 | 2.109 GBP |
| 10p Ordinary | CFD | Long | 454 | 2.10900881 GBP |
| 10p Ordinary | CFD | Long | 151 | 2.1094702 GBP |
| 10p Ordinary | CFD | Long | 267 | 2.10951311 GBP |
| 10p Ordinary | CFD | Long | 1,623 | 2.11 GBP |
| 10p Ordinary | CFD | Long | 499 | 2.11150301 GBP |
| 10p Ordinary | CFD | Long | 456 | 2.11199561 GBP |
| 10p Ordinary | CFD | Long | 1,109 | 2.1120018 GBP |
| 10p Ordinary | CFD | Long | 1,646 | 2.11214459 GBP |
| 10p Ordinary | CFD | Long | 481 | 2.1124948 GBP |
| 10p Ordinary | CFD | Long | 487 | 2.11250513 GBP |
| 10p Ordinary | CFD | Long | 238 | 2.11252101 GBP |
| 10p Ordinary | CFD | Long | 531 | 2.11399247 GBP |
| 10p Ordinary | CFD | Long | 1,974 | 2.11449848 GBP |
| 10p Ordinary | CFD | Long | 539 | 2.11500928 GBP |
| 10p Ordinary | CFD | Short | 1356 | 0 GBP |
| 10p Ordinary | CFD | Short | 1265 | 2.0941581 GBP |
| 10p Ordinary | CFD | Short | 4708 | 2.09949873 GBP |
| 10p Ordinary | CFD | Short | 765783 | 2.1 GBP |
| 10p Ordinary | CFD | Short | 59078 | 2.10014557 GBP |
| 10p Ordinary | CFD | Short | 28202 | 2.10014999 GBP |
| 10p Ordinary | CFD | Short | 936876 | 2.10021 GBP |
| 10p Ordinary | CFD | Short | 64011 | 2.10188702 GBP |
| 10p Ordinary | CFD | Short | 228 | 2.10201754 GBP |
| 10p Ordinary | CFD | Short | 14460 | 2.10242185 GBP |
| 10p Ordinary | CFD | Short | 4 | 2.1025 GBP |
| 10p Ordinary | CFD | Short | 3887 | 2.102938 GBP |
| 10p Ordinary | CFD | Short | 117 | 2.10299145 GBP |
| 10p Ordinary | CFD | Short | 1772 | 2.10300226 GBP |
| 10p Ordinary | CFD | Short | 516 | 2.10300388 GBP |
| 10p Ordinary | CFD | Short | 229 | 2.1030131 GBP |
| 10p Ordinary | CFD | Short | 230 | 2.10352174 GBP |
| 10p Ordinary | CFD | Short | 532 | 2.10366541 GBP |
| 10p Ordinary | CFD | Short | 21014 | 2.1039112 GBP |
| 10p Ordinary | CFD | Short | 118 | 2.10398305 GBP |
| 10p Ordinary | CFD | Short | 1772 | 2.10399549 GBP |
| 10p Ordinary | CFD | Short | 1043 | 2.10403643 GBP |
| 10p Ordinary | CFD | Short | 217 | 2.10437788 GBP |
| 10p Ordinary | CFD | Short | 475 | 2.10444211 GBP |
| 10p Ordinary | CFD | Short | 500000 | 2.1045 GBP |
| 10p Ordinary | CFD | Short | 217 | 2.10451613 GBP |
| 10p Ordinary | CFD | Short | 555671 | 2.10457562 GBP |
| 10p Ordinary | CFD | Short | 98019 | 2.10457564 GBP |
| 10p Ordinary | CFD | Short | 71310 | 2.10457664 GBP |
| 10p Ordinary | CFD | Short | 2432 | 2.10485197 GBP |
| 10p Ordinary | CFD | Short | 738 | 2.105 GBP |
| 10p Ordinary | CFD | Short | 443 | 2.10501129 GBP |
| 10p Ordinary | CFD | Short | 6479 | 2.10581571 GBP |
| 10p Ordinary | CFD | Short | 274 | 2.1059854 GBP |
| 10p Ordinary | CFD | Short | 479 | 2.10599165 GBP |
| 10p Ordinary | CFD | Short | 690 | 2.106 GBP |
| 10p Ordinary | CFD | Short | 850 | 2.10649412 GBP |
| 10p Ordinary | CFD | Short | 234 | 2.10649573 GBP |
| 10p Ordinary | CFD | Short | 3018 | 2.10650099 GBP |
| 10p Ordinary | CFD | Short | 1250 | 2.106504 GBP |
| 10p Ordinary | CFD | Short | 472 | 2.10650424 GBP |
| 10p Ordinary | CFD | Short | 14363 | 2.10670125 GBP |
| 10p Ordinary | CFD | Short | 490 | 2.107 GBP |
| 10p Ordinary | CFD | Short | 1954 | 2.10700102 GBP |
| 10p Ordinary | CFD | Short | 1944 | 2.10700103 GBP |
| 10p Ordinary | CFD | Short | 514 | 2.10700389 GBP |
| 10p Ordinary | CFD | Short | 241 | 2.10701245 GBP |
| 10p Ordinary | CFD | Short | 10038 | 2.10728133 GBP |
| 10p Ordinary | CFD | Short | 1141 | 2.10728309 GBP |
| 10p Ordinary | CFD | Short | 110 | 2.10745455 GBP |
| 10p Ordinary | CFD | Short | 33 | 2.10787879 GBP |
| 10p Ordinary | CFD | Short | 89 | 2.10797753 GBP |
| 10p Ordinary | CFD | Short | 484 | 2.10799587 GBP |
| 10p Ordinary | CFD | Short | 17840 | 2.1079972 GBP |
| 10p Ordinary | CFD | Short | 560 | 2.108 GBP |
| 10p Ordinary | CFD | Short | 96 | 2.10802083 GBP |
| 10p Ordinary | CFD | Short | 3010 | 2.10847841 GBP |
| 10p Ordinary | CFD | Short | 404 | 2.10851485 GBP |
| 10p Ordinary | CFD | Short | 16019 | 2.10878582 GBP |
| 10p Ordinary | CFD | Short | 138 | 2.10898551 GBP |
| 10p Ordinary | CFD | Short | 529 | 2.10899811 GBP |
| 10p Ordinary | CFD | Short | 470 | 2.109 GBP |
| 10p Ordinary | CFD | Short | 454 | 2.10900881 GBP |
| 10p Ordinary | CFD | Short | 302 | 2.1094702 GBP |
| 10p Ordinary | CFD | Short | 534 | 2.10951311 GBP |
| 10p Ordinary | CFD | Short | 1852 | 2.11 GBP |
| 10p Ordinary | CFD | Short | 499 | 2.11150301 GBP |
| 10p Ordinary | CFD | Short | 456 | 2.11199561 GBP |
| 10p Ordinary | CFD | Short | 1109 | 2.1120018 GBP |
| 10p Ordinary | CFD | Short | 244 | 2.1120082 GBP |
| 10p Ordinary | CFD | Short | 234 | 2.11200855 GBP |
| 10p Ordinary | CFD | Short | 481 | 2.1124948 GBP |
| 10p Ordinary | CFD | Short | 487 | 2.11250513 GBP |
| 10p Ordinary | CFD | Short | 238 | 2.11252101 GBP |
| 10p Ordinary | CFD | Short | 531 | 2.11399247 GBP |
| 10p Ordinary | CFD | Short | 1974 | 2.11449848 GBP |
| 10p Ordinary | CFD | Short | 539 | 2.11500928 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
|
(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: | 19 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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