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: | 17 April 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
| 875873 | 4.49693 GBP | 4.44195 GBP |
| 10p ordinary | Sell
| 560494 | 4.48583 GBP | 4.44195 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 | 166049 | 4.46 GBP |
| 10p ordinary | CFD
| Long | 3025 | 4.44934545454545 GBP |
| 10p ordinary | CFD
| Long | 1342 | 4.450931 GBP |
| 10p ordinary | CFD
| Long | 12440 | 4.4598216 GBP |
| 10p ordinary | CFD
| Long | 11857 | 4.4636 GBP |
| 10p ordinary | CFD
| Long | 105855 | 4.465974 GBP |
| 10p ordinary | CFD
| Long | 100000 | 4.4817037 GBP |
| 10p ordinary | CFD
| Long | 43624 | 4.460166 GBP |
| 10p ordinary | CFD
| Long | 5 | 4.4692 GBP |
| 10p ordinary | CFD
| Long | 24203 | 4.459515 GBP |
| 10p ordinary | CFD
| Long | 362 | 4.44972376 GBP |
| 10p ordinary | CFD
| Long | 2917 | 4.47937607 GBP |
| 10p ordinary | CFD
| Long | 159 | 4.45994425 GBP |
| 10p ordinary | CFD
| Long | 9092 | 4.459777 GBP |
| 10p ordinary | CFD
| Long | 800 | 4.442 GBP |
| 10p ordinary | CFD
| Long | 1283 | 4.462 GBP |
| 10p ordinary | CFD
| Long | 17022 | 4.447881 GBP |
| 10p ordinary | CFD
| Long | 4049 | 4.471303 GBP |
| 10p ordinary | CFD
| Long | 47 | 4.463 GBP |
| 10p ordinary | CFD
| Long | 77 | 4.457 GBP |
| 10p ordinary | CFD
| Long | 371 | 4.462333 GBP |
| 10p ordinary | CFD
| Long | 194 | 4.463887 GBP |
| 10p ordinary | CFD
| Long | 325 | 4.46443231 GBP |
| 10p ordinary | CFD
| Short | 10114 | 4.456347 GBP |
| 10p ordinary | CFD
| Short | 34759 | 4.461965 GBP |
| 10p ordinary | CFD
| Short | 3961 | 4.45 GBP |
| 10p ordinary | CFD
| Short | 296971 | 4.492917 GBP |
| 10p ordinary | CFD
| Short | 13943 | 4.45203 GBP |
| 10p ordinary | CFD
| Short | 15985 | 4.46 GBP |
| 10p ordinary | CFD
| Short | 1795 | 4.45354986072423 GBP |
| 10p ordinary | CFD
| Short | 5761 | 4.47320439 GBP |
| 10p ordinary | CFD
| Short | 5984 | 4.4713988 GBP |
| 10p ordinary | CFD
| Short | 43948 | 4.480093 GBP |
| 10p ordinary | CFD
| Short | 3071 | 4.47759264 GBP |
| 10p ordinary | CFD
| Short | 19179 | 4.466312 GBP |
| 10p ordinary | CFD
| Short | 188880 | 4.463829 GBP |
| 10p ordinary | CFD
| Short | 3581 | 4.468255 GBP |
| 10p ordinary | CFD
| Short | 789 | 4.45354626108999 GBP |
| 10p ordinary | CFD
| Short | 9304 | 4.45994089 GBP |
| 10p ordinary | CFD
| Short | 1609 | 4.4589705 GBP |
| 10p ordinary | CFD
| Short | 8446 | 4.4682228273739 GBP |
| 10p ordinary | CFD
| Short | 82246 | 4.46476849937991 GBP |
| 10p ordinary | CFD
| Short | 20710 | 4.45779381941091 GBP |
| 10p ordinary | CFD
| Short | 7098 | 4.46809805579036 GBP |
| 10p ordinary | CFD
| Short | 5134 | 4.46903583950136 GBP |
| 10p ordinary | CFD
| Short | 9585 | 4.46941909 GBP |
| 10p ordinary | CFD
| Short | 69 | 4.454304 GBP |
| 10p ordinary | CFD
| Short | 18939 | 4.46989017371561 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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|
|
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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: | 18 April 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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