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: | 22 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
| 1752130 | 2.13310 GBP | 2.12035 GBP |
| 10p ordinary | Sell
| 8068822 | 2.13342 GBP | 2.09690 GBP |
| CDI | Buy
| 3767495 | 4.11000 AUD | 3.97070 AUD |
| CDI | Sell
| 3767495 | 4.11000 AUD | 3.97070 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 | 4634 | 2.129581 GBP |
| 10p ordinary | CFD
| Long | 118 | 2.1285 GBP |
| 10p ordinary | CFD
| Long | 300000 | 2.1277964 GBP |
| 10p ordinary | CFD
| Long | 142000 | 2.1293 GBP |
| 10p ordinary | CFD
| Long | 581858 | 2.129732 GBP |
| 10p ordinary | CFD
| Long | 200000 | 2.1303008 GBP |
| 10p ordinary | CFD
| Long | 3000000 | 2.12762987 GBP |
| 10p ordinary | CFD
| Long | 82616 | 2.12318038 GBP |
| 10p ordinary | CFD
| Long | 1264 | 2.1295 GBP |
| 10p ordinary | CFD
| Long | 2002 | 2.13 GBP |
| 10p ordinary | CFD
| Long | 8141 | 2.13024647 GBP |
| 10p ordinary | CFD
| Long | 10074 | 2.1302951 GBP |
| 10p ordinary | CFD
| Long | 13762 | 2.130381 GBP |
| 10p ordinary | CFD
| Long | 265390 | 4.08150835 AUD |
| 10p ordinary | CFD
| Long | 2500000 | 2.13020088 GBP |
| 10p ordinary | CFD
| Long | 200000 | 2.12780065 GBP |
| 10p ordinary | CFD
| Long | 150000 | 2.129382 GBP |
| 10p ordinary | CFD
| Long | 100000 | 2.129412 GBP |
| 10p ordinary | CFD
| Long | 66299 | 2.12935 GBP |
| 10p ordinary | CFD
| Long | 83701 | 2.130175 GBP |
| 10p ordinary | CFD
| Long | 391 | 2.129573 GBP |
| 10p ordinary | CFD
| Long | 10028 | 2.129577 GBP |
| 10p ordinary | CFD
| Long | 112115 | 2.129 GBP |
| 10p ordinary | CFD
| Long | 1200 | 2.1305 GBP |
| 10p ordinary | CFD
| Long | 39616 | 2.12915755 GBP |
| 10p ordinary | CFD
| Long | 7 | 2.129429 GBP |
| 10p ordinary | CFD
| Long | 838 | 2.12889 GBP |
| 10p ordinary | CFD
| Short | 37734 | 2.129 GBP |
| 10p ordinary | CFD
| Short | 4352 | 2.129744 GBP |
| 10p ordinary | CFD
| Short | 29204 | 2.129826 GBP |
| 10p ordinary | CFD
| Short | 2410 | 2.129213 GBP |
| 10p ordinary | CFD
| Short | 93484 | 2.12904004963416 GBP |
| 10p ordinary | CFD
| Short | 9 | 2.12888888888889 GBP |
| 10p ordinary | CFD
| Short | 200000 | 2.131129 GBP |
| 10p ordinary | CFD
| Short | 271453 | 2.1331 GBP |
| 10p ordinary | CFD
| Short | 48367 | 2.12904004796659 GBP |
| 10p ordinary | CFD
| Short | 6 | 2.13 GBP |
| 10p ordinary | CFD
| Short | 63313 | 2.13026066 GBP |
| 10p ordinary | CFD
| Short | 67937 | 2.1297578 GBP |
| 10p ordinary | CFD
| Short | 248 | 2.13011499 GBP |
| 10p ordinary | CFD
| Short | 6822 | 2.127264 GBP |
| 10p ordinary | CFD
| Short | 265390 | 4.115357 AUD |
| 10p ordinary | CFD
| Short | 17884 | 2.1302432341758 GBP |
| 10p ordinary | CFD
| Short | 37258 | 2.130417 GBP |
| 10p ordinary | CFD
| Short | 1225 | 2.129827 GBP |
| 10p ordinary | CFD
| Short | 5943 | 2.12903920578832 GBP |
| 10p ordinary | CFD
| Short | 25080 | 2.12035207 GBP |
| 10p ordinary | CFD
| Short | 265390 | 4.08150835 AUD |
| 10p ordinary | CFD
| Short | 23729 | 2.1290812929327 GBP |
| 10p ordinary | CFD
| Short | 36570 | 2.129134 GBP |
| 10p ordinary | CFD
| Short | 142 | 2.131 GBP |
| 10p ordinary | CFD
| Short | 116446 | 2.12957236 GBP |
| 10p ordinary | CFD
| Short | 11839 | 2.129742 GBP |
| 10p ordinary | CFD
| Short | 2203 | 2.13216069 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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|
|
|
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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: | 25 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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