This announcement replaces the previous RNS announcement 2562H released at 11:35 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 | 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: | 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" | 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
| 597204 | 4.76945 GBP | 4.73099 GBP |
| 10p ordinary | Sell
| 903197 | 4.76945 GBP | 4.73099 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 | 121 | 4.73099174 GBP |
| 10p ordinary | CFD | Long | 187 | 4.73122995 GBP |
| 10p ordinary | CFD | Long | 735 | 4.7325034 GBP |
| 10p ordinary | CFD | Long | 146 | 4.73253425 GBP |
| 10p ordinary | CFD | Long | 735 | 4.73263946 GBP |
| 10p ordinary | CFD | Long | 50 | 4.7336 GBP |
| 10p ordinary | CFD | Long | 4,602 | 4.73505215 GBP |
| 10p ordinary | CFD | Long | 837 | 4.73565114 GBP |
| 10p ordinary | CFD | Long | 137 | 4.7359854 GBP |
| 10p ordinary | CFD | Long | 379 | 4.73598945 GBP |
| 10p ordinary | CFD | Long | 1,114 | 4.73599641 GBP |
| 10p ordinary | CFD | Long | 4,242 | 4.73599953 GBP |
| 10p ordinary
| CFD | Long | 56563 | 4.73576 GBP |
| 10p ordinary | CFD | Long | 12,242 | 4.73599984 GBP |
| 10p ordinary | CFD | Long | 15,630 | 4.736 GBP |
| 10p ordinary | CFD | Long | 5,178 | 4.73600039 GBP |
| 10p ordinary | CFD | Long | 633 | 4.73600316 GBP |
| 10p ordinary | CFD | Long | 346 | 4.73601156 GBP |
| 10p ordinary | CFD | Long | 3,758 | 4.73610697 GBP |
| 10p ordinary | CFD | Long | 14,900 | 4.73642282 GBP |
| 10p ordinary | CFD | Long | 82 | 4.73695122 GBP |
| 10p ordinary | CFD | Long | 1,640 | 4.73744512 GBP |
| 10p ordinary | CFD | Long | 212 | 4.73764151 GBP |
| 10p ordinary | CFD | Long | 235,600 | 4.737693 GBP |
| 10p ordinary | CFD | Long | 2,415 | 4.738 GBP |
| 10p ordinary | CFD | Long | 298 | 4.74 GBP |
| 10p ordinary | CFD | Long | 345 | 4.74101449 GBP |
| 10p ordinary | CFD | Long | 39 | 4.74102564 GBP |
| 10p ordinary | CFD | Long | 91 | 4.74197802 GBP |
| 10p ordinary | CFD | Long | 155 | 4.742 GBP |
| 10p ordinary | CFD | Long | 463 | 4.74200864 GBP |
| 10p ordinary | CFD | Long | 116,557 | 4.74234049 GBP |
| 10p ordinary | CFD | Long | 3,757 | 4.74245675 GBP |
| 10p ordinary | CFD | Long | 4 | 4.7425 GBP |
| 10p ordinary | CFD | Long | 295 | 4.74277966 GBP |
| 10p ordinary | CFD | Long | 463 | 4.74300216 GBP |
| 10p ordinary | CFD | Long | 25,304 | 4.74303114 GBP |
| 10p ordinary | CFD | Long | 16,857 | 4.74319393 GBP |
| 10p ordinary | CFD | Long | 3 | 4.74333333 GBP |
| 10p ordinary | CFD | Long | 443 | 4.74399549 GBP |
| 10p ordinary | CFD | Long | 324 | 4.745 GBP |
| 10p ordinary | CFD | Long | 2,792 | 4.7459957 GBP |
| 10p ordinary | CFD | Long | 10,047 | 4.7465532 GBP |
| 10p ordinary | CFD | Long | 482 | 4.7480083 GBP |
| 10p ordinary | CFD | Long | 1,800 | 4.74841111 GBP |
| 10p ordinary | CFD | Long | 344 | 4.74848837 GBP |
| 10p ordinary | CFD | Long | 1,007 | 4.74865938 GBP |
| 10p ordinary | CFD | Long | 1,445 | 4.74977855 GBP |
| 10p ordinary | CFD | Long | 2,840 | 4.75 GBP |
| 10p ordinary | CFD | Long | 46,492 | 4.75046546 GBP |
| 10p ordinary | CFD | Long | 1,179 | 4.75050042 GBP |
| 10p ordinary | CFD | Long | 25,510 | 4.751098 GBP |
| 10p ordinary | CFD | Long | 626 | 4.7515016 GBP |
| 10p ordinary | CFD | Long | 400 | 4.751775 GBP |
| 10p ordinary | CFD | Long | 2,190 | 4.752 GBP |
| 10p ordinary | CFD | Long | 288 | 4.75201389 GBP |
| 10p ordinary | CFD | Long | 282 | 4.75251773 GBP |
| 10p ordinary | CFD | Long | 471 | 4.75299363 GBP |
| 10p ordinary | CFD | Long | 575 | 4.75427826 GBP |
| 10p ordinary | CFD | Long | 6,641 | 4.7546243 GBP |
| 10p ordinary | CFD | Long | 1,736 | 4.75477535 GBP |
| 10p ordinary | CFD | Long | 3,235 | 4.75545904 GBP |
| 10p ordinary | CFD | Long | 778 | 4.75598972 GBP |
| 10p ordinary | CFD | Long | 1,576 | 4.75598985 GBP |
| 10p ordinary | CFD | Long | 342 | 4.75599415 GBP |
| 10p ordinary | CFD | Long | 894 | 4.75599553 GBP |
| 10p ordinary | CFD | Long | 977 | 4.75599795 GBP |
| 10p ordinary | CFD | Long | 3,892 | 4.75599949 GBP |
| 10p ordinary | CFD | Long | 38,309 | 4.7559999 GBP |
| 10p ordinary | CFD | Long | 42,114 | 4.75599991 GBP |
| 10p ordinary | CFD | Long | 5,488 | 4.75600036 GBP |
| 10p ordinary | CFD | Long | 5,838 | 4.75600206 GBP |
| 10p ordinary | CFD | Long | 566 | 4.75600707 GBP |
| 10p ordinary | CFD | Long | 311 | 4.75601286 GBP |
| 10p ordinary | CFD | Long | 281 | 4.75601423 GBP |
| 10p ordinary | CFD | Long | 123 | 4.75601626 GBP |
| 10p ordinary | CFD | Long | 156 | 4.75602564 GBP |
| 10p ordinary | CFD | Long | 1,303 | 4.7567383 GBP |
| 10p ordinary | CFD | Long | 2,536 | 4.75699921 GBP |
| 10p ordinary | CFD | Long | 1,538 | 4.75741222 GBP |
| 10p ordinary | CFD | Long | 154,806 | 4.75761999 GBP |
| 10p ordinary | CFD | Long | 798 | 4.7587218 GBP |
| 10p ordinary | CFD | Long | 157 | 4.75898089 GBP |
| 10p ordinary | CFD | Long | 2 | 4.76 GBP |
| 10p ordinary | CFD | Long | 486 | 4.76100823 GBP |
| 10p ordinary | CFD | Long | 391 | 4.76150895 GBP |
| 10p ordinary | CFD | Long | 172 | 4.76197674 GBP |
| 10p ordinary | CFD | Long | 35 | 4.762 GBP |
| 10p ordinary | CFD | Long | 119 | 4.76352941 GBP |
| 10p ordinary | CFD | Long | 144 | 4.765 GBP |
| 10p ordinary | CFD | Long | 12 | 4.76583333 GBP |
| 10p ordinary | CFD | Long | 87 | 4.76597701 GBP |
| 10p ordinary | CFD | Long | 170 | 4.766 GBP |
| 10p ordinary | CFD | Long | 156 | 4.76602564 GBP |
| 10p ordinary | CFD | Long | 174 | 4.76701149 GBP |
| 10p ordinary | CFD | Long | 165 | 4.7670303 GBP |
| 10p ordinary | CFD | Long | 37 | 4.76945946 GBP |
| 10p ordinary | CFD | Short | 5,178 | 0 GBP |
| 10p ordinary | CFD | Short | 121 | 4.73099174 GBP |
| 10p ordinary | CFD | Short | 735 | 4.7325034 GBP |
| 10p ordinary | CFD | Short | 146 | 4.73253425 GBP |
| 10p ordinary | CFD | Short | 735 | 4.73263946 GBP |
| 10p ordinary | CFD | Short | 50 | 4.7336 GBP |
| 10p ordinary | CFD | Short | 4,602 | 4.73505215 GBP |
| 10p ordinary | CFD | Short | 24 | 4.73583333 GBP |
| 10p ordinary | CFD | Short | 102 | 4.73598039 GBP |
| 10p ordinary | CFD | Short | 157 | 4.73598726 GBP |
| 10p ordinary | CFD | Short | 217 | 4.73599078 GBP |
| 10p ordinary | CFD | Short | 652 | 4.73599693 GBP |
| 10p ordinary | CFD | Short | 712 | 4.73599719 GBP |
| 10p ordinary | CFD | Short | 1,302 | 4.73599846 GBP |
| 10p ordinary | CFD | Short | 1,862 | 4.73599893 GBP |
| 10p ordinary | CFD | Short | 7,692 | 4.73599974 GBP |
| 10p ordinary | CFD | Short | 9,002 | 4.73599978 GBP |
| 10p ordinary | CFD | Short | 75,598 | 4.73599989 GBP |
| 10p ordinary | CFD | Short | 96,764 | 4.73599996 GBP |
| 10p ordinary | CFD | Short | 7,495 | 4.736 GBP |
| 10p ordinary | CFD | Short | 34,853 | 4.73600006 GBP |
| 10p ordinary | CFD | Short | 9,453 | 4.73600021 GBP |
| 10p ordinary | CFD | Short | 13,101 | 4.73600031 GBP |
| 10p ordinary | CFD | Short | 11,906 | 4.73600034 GBP |
| 10p ordinary | CFD | Short | 3,101 | 4.73600129 GBP |
| 10p ordinary | CFD | Short | 2,406 | 4.73600166 GBP |
| 10p ordinary | CFD | Short | 623 | 4.73600321 GBP |
| 10p ordinary | CFD | Short | 408 | 4.7360049 GBP |
| 10p ordinary | CFD | Short | 398 | 4.73600503 GBP |
| 10p ordinary | CFD | Short | 141 | 4.73602837 GBP |
| 10p ordinary | CFD | Short | 28 | 4.73607143 GBP |
| 10p ordinary | CFD | Short | 26 | 4.73615385 GBP |
| 10p ordinary | CFD | Short | 11 | 4.73636364 GBP |
| 10p ordinary | CFD | Short | 82 | 4.73695122 GBP |
| 10p ordinary | CFD | Short | 1,640 | 4.73744512 GBP |
| 10p ordinary | CFD | Short | 212 | 4.73764151 GBP |
| 10p ordinary | CFD | Short | 53,115 | 4.73922809 GBP |
| 10p ordinary | CFD | Short | 298 | 4.74 GBP |
| 10p ordinary | CFD | Short | 463 | 4.74200864 GBP |
| 10p ordinary | CFD | Short | 116,557 | 4.74234049 GBP |
| 10p ordinary | CFD | Short | 4 | 4.7425 GBP |
| 10p ordinary | CFD | Short | 463 | 4.74300216 GBP |
| 10p ordinary | CFD | Short | 3 | 4.74333333 GBP |
| 10p ordinary | CFD | Short | 171 | 4.74345029 GBP |
| 10p ordinary | CFD | Short | 2,410 | 4.74414523 GBP |
| 10p ordinary | CFD | Short | 4,828 | 4.74433513 GBP |
| 10p ordinary | CFD | Short | 324 | 4.745 GBP |
| 10p ordinary | CFD | Short | 2,818 | 4.74610007 GBP |
| 10p ordinary | CFD | Short | 10,047 | 4.7465532 GBP |
| 10p ordinary | CFD | Short | 4,442 | 4.74782756 GBP |
| 10p ordinary | CFD | Short | 2,806 | 4.74797577 GBP |
| 10p ordinary | CFD | Short | 1,800 | 4.74841111 GBP |
| 10p ordinary | CFD | Short | 344 | 4.74848837 GBP |
| 10p ordinary | CFD | Short | 1,445 | 4.74977855 GBP |
| 10p ordinary | CFD | Short | 46,492 | 4.75046546 GBP |
| 10p ordinary | CFD | Short | 1,179 | 4.75050042 GBP |
| 10p ordinary | CFD | Short | 25,510 | 4.751098 GBP |
| 10p ordinary | CFD | Short | 626 | 4.7515016 GBP |
| 10p ordinary | CFD | Short | 2,807 | 4.75165657 GBP |
| 10p ordinary | CFD | Short | 2,190 | 4.752 GBP |
| 10p ordinary | CFD | Short | 288 | 4.75201389 GBP |
| 10p ordinary | CFD | Short | 282 | 4.75251773 GBP |
| 10p ordinary | CFD | Short | 471 | 4.75299363 GBP |
| 10p ordinary | CFD | Short | 975 | 4.75385641 GBP |
| 10p ordinary | CFD | Short | 12,146 | 4.75453894 GBP |
| 10p ordinary | CFD | Short | 2,374 | 4.75599832 GBP |
| 10p ordinary | CFD | Short | 2,110 | 4.756 GBP |
| 10p ordinary | CFD | Short | 381 | 4.7560105 GBP |
| 10p ordinary | CFD | Short | 3 | 4.76 GBP |
| 10p ordinary | CFD | Short | 2,289 | 4.76174312 GBP |
| 10p ordinary | CFD | Short | 119 | 4.76352941 GBP |
| 10p ordinary | CFD | Short | 3,040 | 4.764 GBP |
| 10p ordinary | CFD | Short | 12 | 4.76583333 GBP |
| 10p ordinary | CFD | Short | 37 | 4.76945946 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 |
|
|
|
|
|
|
(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) |
|
|
|
|
|
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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