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: | 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" | YES
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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
| 7632043 | 2.14000 GBP | 2.13400 GBP |
| 10p ordinary | Sell
| 190135 | 2.14900 GBP | 2.13400 GBP |
| CDI | Buy
| 6941878 | 4.11366 AUD | 4.10000 AUD |
| CDI | Sell
| 6941878 | 4.11366 AUD | 4.10000 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 | 4321 | 2.13815587 GBP |
| 10p ordinary | CFD
| Long | 271 | 2.1385 GBP |
| 10p ordinary | CFD
| Long | 8559 | 2.137049 GBP |
| 10p ordinary | CFD
| Long | 19 | 2.138737 GBP |
| 10p ordinary | CFD
| Long | 3698 | 2.1374609 GBP |
| 10p ordinary | CFD
| Long | 24108 | 2.13823577 GBP |
| 10p ordinary | CFD
| Long | 251 | 2.149 GBP |
| 10p ordinary | CFD
| Long | 138074 | 2.136 GBP |
| 10p ordinary | CFD
| Long | 1177 | 2.136525 GBP |
| 10p ordinary | CFD
| Short | 6637756 | 0.0 GBP |
| 10p ordinary | CFD
| Short | 12549 | 2.13604100007969 GBP |
| 10p ordinary | CFD
| Short | 196372 | 2.136639 GBP |
| 10p ordinary | CFD
| Short | 28431 | 2.136085 GBP |
| 10p ordinary | CFD
| Short | 666 | 2.13500896483483 GBP |
| 10p ordinary | CFD
| Short | 1475 | 2.136214 GBP |
| 10p ordinary | CFD
| Short | 118 | 2.136778 GBP |
| 10p ordinary | CFD
| Short | 25251 | 2.136704 GBP |
| 10p ordinary | CFD
| Short | 3042 | 2.13747863247863 GBP |
| 10p ordinary | CFD
| Short | 1086 | 2.13806629834254 GBP |
| 10p ordinary | CFD
| Short | 8781 | 2.13615099988612 GBP |
| 10p ordinary | CFD
| Short | 7762 | 2.13604099974233 GBP |
| 10p ordinary | CFD
| Short | 1077 | 2.13501628413185 GBP |
| 10p ordinary | CFD
| Short | 4918 | 2.13747864985767 GBP |
| 10p ordinary | CFD
| Short | 878 | 2.13806378132118 GBP |
| 10p ordinary | CFD
| Short | 14198 | 2.13615100014086 GBP |
| 10p ordinary | CFD
| Short | 441 | 2.13501539984127 GBP |
| 10p ordinary | CFD
| Short | 2015 | 2.13747890818859 GBP |
| 10p ordinary | CFD
| Short | 360 | 2.13805555555556 GBP |
| 10p ordinary | CFD
| Short | 5818 | 2.13615100034376 GBP |
| 10p ordinary | CFD
| Short | 5142 | 2.13604099961105 GBP |
| 10p ordinary | CFD
| Short | 19316 | 2.13664 GBP |
| 10p ordinary | CFD
| Short | 144 | 2.13503524111111 GBP |
| 10p ordinary | CFD
| Short | 661 | 2.13747352496218 GBP |
| 10p ordinary | CFD
| Short | 119 | 2.13806722689076 GBP |
| 10p ordinary | CFD
| Short | 4687 | 2.136151 GBP |
| 10p ordinary | CFD
| Short | 13052 | 2.136041 GBP |
| 10p ordinary | CFD
| Short | 431487 | 2.136 GBP |
| 10p ordinary | CFD
| Short | 1075 | 2.1385 GBP |
| 10p ordinary | CFD
| Short | 2121 | 2.135344 GBP |
| 10p ordinary | CFD
| Short | 2561 | 2.136107 GBP |
| 10p ordinary | CFD
| Short | 8518 | 2.138533 GBP |
| 10p ordinary | CFD
| Short | 621 | 2.136854 GBP |
| 10p ordinary | CFD
| Short | 9817 | 2.1371335438525 GBP |
| 10p ordinary | CFD
| Short | 70577 | 2.136048 GBP |
| 10p ordinary | CFD
| Short | 27054 | 2.137197 GBP |
| 10p ordinary | CFD
| Short | 667 | 2.13500921245877 GBP |
| 10p ordinary | CFD
| Short | 3044 | 2.1374802890933 GBP |
| 10p ordinary | CFD
| Short | 8788 | 2.13615100022758 GBP |
| 10p ordinary | CFD
| Short | 7768 | 2.13604100025747 GBP |
| 10p ordinary | CFD
| Short | 209 | 2.13503058933014 GBP |
| 10p ordinary | CFD
| Short | 962 | 2.13747401247401 GBP |
| 10p ordinary | CFD
| Short | 173 | 2.13809248554913 GBP |
| 10p ordinary | CFD
| Short | 39326 | 2.136022 GBP |
| 10p ordinary | CFD
| Short | 765 | 2.1350172672549 GBP |
| 10p ordinary | CFD
| Short | 3492 | 2.13747995418099 GBP |
| 10p ordinary | CFD
| Short | 623 | 2.13805778491172 GBP |
| 10p ordinary | CFD
| Short | 10081 | 2.1361509999008 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 " |
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None
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(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" |
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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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