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: | 27 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
| 456306 | 4.77500 GBP | 4.71702 GBP |
| 10p ordinary | Sell
| 332877 | 4.77700 GBP | 4.71365 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 | 5810 | 4.75512736660929 GBP |
| 10p ordinary | CFD
| Long | 13783 | 4.749431 GBP |
| 10p ordinary | CFD
| Long | 18 | 4.743 GBP |
| 10p ordinary | CFD
| Long | 1 | 4.75 GBP |
| 10p ordinary | CFD
| Long | 42010 | 4.75304927398239 GBP |
| 10p ordinary | CFD
| Long | 20124 | 4.757545 GBP |
| 10p ordinary | CFD
| Long | 68136 | 4.750025 GBP |
| 10p ordinary | CFD
| Long | 5402 | 4.754 GBP |
| 10p ordinary | CFD
| Long | 50481 | 4.71382203 GBP |
| 10p ordinary | CFD
| Long | 863 | 4.7420093 GBP |
| 10p ordinary | CFD
| Long | 499 | 4.74117335 GBP |
| 10p ordinary | CFD
| Long | 213848 | 5.98969755 USD |
| 10p ordinary | CFD
| Long | 61 | 4.71367213114754 GBP |
| 10p ordinary | CFD
| Long | 139 | 4.71364028776978 GBP |
| 10p ordinary | CFD
| Long | 7966 | 4.75629801657042 GBP |
| 10p ordinary | CFD
| Long | 838 | 4.77700477326969 GBP |
| 10p ordinary | CFD
| Long | 366 | 4.77398907103825 GBP |
| 10p ordinary | CFD
| Long | 6572 | 4.75880706025563 GBP |
| 10p ordinary | CFD
| Long | 2602 | 4.742 GBP |
| 10p ordinary | CFD
| Long | 5500 | 4.75750363636364 GBP |
| 10p ordinary | CFD
| Long | 1996 | 4.75352204408818 GBP |
| 10p ordinary | CFD
| Long | 2414 | 4.758588 GBP |
| 10p ordinary | CFD
| Long | 8158 | 4.753762 GBP |
| 10p ordinary | CFD
| Long | 200 | 4.74175 GBP |
| 10p ordinary | CFD
| Short | 7087 | 4.7704523 GBP |
| 10p ordinary | CFD
| Short | 3375 | 4.758782 GBP |
| 10p ordinary | CFD
| Short | 213696 | 4.754 GBP |
| 10p ordinary | CFD
| Short | 26404 | 4.756417 GBP |
| 10p ordinary | CFD
| Short | 204 | 4.75 GBP |
| 10p ordinary | CFD
| Short | 249 | 4.75718474 GBP |
| 10p ordinary | CFD
| Short | 8022 | 4.75182996758913 GBP |
| 10p ordinary | CFD
| Short | 35947 | 4.75495089993602 GBP |
| 10p ordinary | CFD
| Short | 3122 | 4.75039718129404 GBP |
| 10p ordinary | CFD
| Short | 1256 | 4.757844 GBP |
| 10p ordinary | CFD
| Short | 929 | 4.732 GBP |
| 10p ordinary | CFD
| Short | 16246 | 4.758676 GBP |
| 10p ordinary | CFD
| Short | 213848 | 5.98969755 USD |
| 10p ordinary | CFD
| Short | 203 | 4.73832512315271 GBP |
| 10p ordinary | CFD
| Short | 269 | 4.74710037174721 GBP |
| 10p ordinary | CFD
| Short | 410 | 4.737 GBP |
| 10p ordinary | CFD
| Short | 26551 | 4.75436 GBP |
| 10p ordinary | CFD
| Short | 177 | 4.751336 GBP |
| 10p ordinary | CFD
| Short | 2672 | 4.729079 GBP |
| 10p ordinary | CFD
| Short | 22092 | 4.754238 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: | 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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