This announcement replaces the previous RNS announcement 9922H released at 11:32 on the 22nd 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: | 21 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
| 4923025 | 2.13806 GBP | 2.12045 GBP |
| 10p ordinary | Sell
| 6709278 | 2.13806 GBP | 2.08410 GBP |
| CDI | Buy
| 3530510 | 4.11500 AUD | 3.93592 AUD |
| CDI | Sell
| 3530510 | 4.11500 AUD | 3.93592 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 | 190705 | 2.0841 GBP |
| 10p ordinary | CFD
| Long | 1061 | 2.13150895 GBP |
| 10p ordinary | CFD
| Long | 947535 | 2.129868 GBP |
| 10p ordinary | CFD
| Long | 4949 | 2.12 GBP |
| 10p ordinary | CFD
| Long | 6962 | 2.13499999 GBP |
| 10p ordinary | CFD
| Long | 13164 | 2.125364 GBP |
| 10p ordinary | CFD
| Long | 2632 | 2.126 GBP |
| 10p ordinary | CFD
| Long | 150000 | 2.126113 GBP |
| 10p ordinary | CFD
| Long | 50000 | 2.123359 GBP |
| 10p ordinary | CFD
| Long | 350000 | 2.133429 GBP |
| 10p ordinary | CFD
| Long | 4719 | 2.132942 GBP |
| 10p ordinary | CFD
| Long | 5532 | 2.132922 GBP |
| 10p ordinary | CFD
| Long | 11857 | 2.132995 GBP |
| 10p ordinary | CFD
| Long | 679 | 2.13243726 GBP |
| 10p ordinary | CFD
| Long | 23339 | 2.13167908 GBP |
| 10p ordinary | CFD
| Long | 3168 | 2.13053661616162 GBP |
| 10p ordinary | CFD
| Long | 2249 | 2.12967096487328 GBP |
| 10p ordinary | CFD
| Long | 100000 | 2.134392 GBP |
| 10p ordinary | CFD
| Long | 2400000 | 2.131293 GBP |
| 10p ordinary | CFD
| Long | 7580 | 2.135 GBP |
| 10p ordinary | CFD
| Long | 10 | 2.133 GBP |
| 10p ordinary | CFD
| Long | 1804 | 2.136 GBP |
| 10p ordinary | CFD
| Long | 142 | 2.134 GBP |
| 10p ordinary | CFD
| Long | 7480 | 2.132005 GBP |
| 10p ordinary | CFD
| Long | 28055 | 2.13497331 GBP |
| 10p ordinary | CFD
| Long | 9528 | 2.127787 GBP |
| 10p ordinary | CFD
| Long | 7403 | 2.12697285 GBP |
| 10p ordinary | CFD
| Long | 7249 | 2.127907 GBP |
| 10p ordinary | CFD
| Long | 4447 | 2.12497639 GBP |
| 10p ordinary | CFD
| Long | 2858 | 2.13723723 GBP |
| 10p ordinary | CFD
| Long | 8710 | 2.132186 GBP |
| 10p ordinary | CFD
| Long | 2731 | 2.1322402 GBP |
| 10p ordinary | CFD
| Long | 6971 | 2.13375111 GBP |
| 10p ordinary | CFD
| Long | 1510 | 2.1355139 GBP |
| 10p ordinary | CFD
| Long | 1496 | 2.1355 GBP |
| 10p ordinary | CFD
| Short | 18669 | 2.124 GBP |
| 10p ordinary | CFD
| Short | 7347 | 2.125 GBP |
| 10p ordinary | CFD
| Short | 44547 | 2.125354 GBP |
| 10p ordinary | CFD
| Short | 3949 | 2.13 GBP |
| 10p ordinary | CFD
| Short | 5961 | 2.126 GBP |
| 10p ordinary | CFD
| Short | 2099 | 2.1275 GBP |
| 10p ordinary | CFD
| Short | 12569 | 2.127 GBP |
| 10p ordinary | CFD
| Short | 8412 | 2.129 GBP |
| 10p ordinary | CFD
| Short | 7153 | 2.128 GBP |
| 10p ordinary | CFD
| Short | 500863 | 2.127052 GBP |
| 10p ordinary | CFD
| Short | 15342 | 2.131491 GBP |
| 10p ordinary | CFD
| Short | 170284 | 2.134685 GBP |
| 10p ordinary | CFD
| Short | 6458 | 2.13255961598018 GBP |
| 10p ordinary | CFD
| Short | 2967 | 2.12784293899562 GBP |
| 10p ordinary | CFD
| Short | 908 | 2.12854625550661 GBP |
| 10p ordinary | CFD
| Short | 617665 | 2.127877 GBP |
| 10p ordinary | CFD
| Short | 4123 | 2.131436 GBP |
| 10p ordinary | CFD
| Short | 2259 | 2.128529 GBP |
| 10p ordinary | CFD
| Short | 231 | 2.12519622982684 GBP |
| 10p ordinary | CFD
| Short | 79 | 2.124261 GBP |
| 10p ordinary | CFD
| Short | 2796 | 2.12855507868383 GBP |
| 10p ordinary | CFD
| Short | 62263 | 2.131425 GBP |
| 10p ordinary | CFD
| Short | 28422 | 2.128528 GBP |
| 10p ordinary | CFD
| Short | 1494 | 2.12520874742972 GBP |
| 10p ordinary | CFD
| Short | 216 | 2.124131 GBP |
| 10p ordinary | CFD
| Short | 9413 | 2.12784234569213 GBP |
| 10p ordinary | CFD
| Short | 500000 | 2.131 GBP |
| 10p ordinary | CFD
| Short | 24920 | 2.12045506 GBP |
| 10p ordinary | CFD
| Short | 5072 | 2.12705915 GBP |
| 10p ordinary | CFD
| Short | 17989 | 2.134546 GBP |
| 10p ordinary | CFD
| Short | 8137 | 2.13490967186924 GBP |
| 10p ordinary | CFD
| Short | 139107 | 2.135 GBP |
| 10p ordinary | CFD
| Short | 2696 | 2.1334269972997 GBP |
| 10p ordinary | CFD
| Short | 2549 | 2.1330730026991 GBP |
| 10p ordinary | CFD
| Short | 2110 | 2.135109 GBP |
| 10p ordinary | CFD
| Short | 912 | 2.13511 GBP |
| 10p ordinary | CFD
| Short | 26892 | 2.130664 GBP |
| 10p ordinary | CFD
| Short | 18758 | 2.13502669 GBP |
| 10p ordinary | CFD
| Short | 7661 | 2.132186 GBP |
| 10p ordinary | CFD
| Short | 261 | 2.133927 GBP |
| 10p ordinary | CFD
| Short | 9406 | 2.12784286625558 GBP |
| 10p ordinary | CFD
| Short | 2793 | 2.12855352667383 GBP |
| 10p ordinary | CFD
| Short | 11873 | 2.128527 GBP |
| 10p ordinary | CFD
| Short | 218 | 2.124146 GBP |
| 10p ordinary | CFD
| Short | 15210 | 2.12784220907298 GBP |
| 10p ordinary | CFD
| Short | 4521 | 2.12855341738553 GBP |
| 10p ordinary | CFD
| Short | 1207 | 2.12521197492129 GBP |
| 10p ordinary | CFD
| Short | 351 | 2.124125 GBP |
| 10p ordinary | CFD
| Short | 6232 | 2.12784338896021 GBP |
| 10p ordinary | CFD
| Short | 1849 | 2.12855597620335 GBP |
| 10p ordinary | CFD
| Short | 8657 | 2.131426 GBP |
| 10p ordinary | CFD
| Short | 495 | 2.12520777383838 GBP |
| 10p ordinary | CFD
| Short | 146 | 2.12414 GBP |
| 10p ordinary | CFD
| Short | 1868 | 2.133196 GBP |
| 10p ordinary | CFD
| Short | 10801 | 2.12784279233404 GBP |
| 10p ordinary | CFD
| Short | 3207 | 2.12855628313065 GBP |
| 10p ordinary | CFD
| Short | 857 | 2.12520602943991 GBP |
| 10p ordinary | CFD
| Short | 247 | 2.124114 GBP |
| 10p ordinary | CFD
| Short | 2039 | 2.12784207945071 GBP |
| 10p ordinary | CFD
| Short | 615 | 2.12855284552846 GBP |
| 10p ordinary | CFD
| Short | 2837 | 2.131428 GBP |
| 10p ordinary | CFD
| Short | 160 | 2.12518189 GBP |
| 10p ordinary | CFD
| Short | 54 | 2.124368 GBP |
| 10p ordinary | CFD
| Short | 146 | 2.12619178 GBP |
| 10p ordinary | CFD
| Short | 930 | 2.133875 GBP |
| CDI | CFD
| Short | 50000 | 3.97070 GBP |
| CDI | CFD
| Long | 50000 | 3.97070 GBP |
| CDI | CFD
| Short | 50000 | 4.09810 GBP |
| CDI | CFD
| Long | 50000 | 4.09810 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: | 26 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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