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: | 26 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
| 846067 | 4.58200 GBP | 4.53100 GBP |
| 10p ordinary | Sell
| 741722
| 4.58200 GBP | 4.52994 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 | 2077 | 4.54831487722677 GBP |
| 10p ordinary | CFD
| Long | 2222 | 4.56526777677768 GBP |
| 10p ordinary | CFD
| Long | 695 | 4.55552158017266 GBP |
| 10p ordinary | CFD
| Long | 879 | 4.55371786120592 GBP |
| 10p ordinary | CFD
| Long | 598 | 4.55515384 GBP |
| 10p ordinary | CFD
| Long | 7636 | 4.55985378924306 GBP |
| 10p ordinary | CFD
| Long | 10431 | 4.558599 GBP |
| 10p ordinary | CFD
| Long | 316 | 4.55088291 GBP |
| 10p ordinary | CFD
| Long | 1877 | 4.555951 GBP |
| 10p ordinary | CFD
| Long | 3277 | 4.558 GBP |
| 10p ordinary | CFD
| Long | 1123 | 4.557 GBP |
| 10p ordinary | CFD
| Long | 1324 | 4.559 GBP |
| 10p ordinary | CFD
| Long | 3791 | 4.56 GBP |
| 10p ordinary | CFD
| Long | 1644 | 4.564 GBP |
| 10p ordinary | CFD
| Long | 1049 | 4.563 GBP |
| 10p ordinary | CFD
| Long | 27183 | 4.566013 GBP |
| 10p ordinary | CFD
| Long | 20423 | 4.548772 GBP |
| 10p ordinary | CFD
| Long | 975 | 4.56528615384615 GBP |
| 10p ordinary | CFD
| Long | 12536 | 4.55144400440013 GBP |
| 10p ordinary | CFD
| Long | 205 | 4.555341 GBP |
| 10p ordinary | CFD
| Long | 8344 | 4.55116755 GBP |
| 10p ordinary | CFD
| Long | 182465 | 4.549 GBP |
| 10p ordinary | CFD
| Long | 2890 | 4.5535 GBP |
| 10p ordinary | CFD
| Long | 177 | 4.52994338 GBP |
| 10p ordinary | CFD
| Long | 128 | 4.56789063 GBP |
| 10p ordinary | CFD
| Short | 20741 | 4.552489 GBP |
| 10p ordinary | CFD
| Short | 11310 | 4.549227 GBP |
| 10p ordinary | CFD
| Short | 860 | 4.55938 GBP |
| 10p ordinary | CFD
| Short | 5976 | 4.543815 GBP |
| 10p ordinary | CFD
| Short | 84941 | 4.549 GBP |
| 10p ordinary | CFD
| Short | 8945 | 4.549001 GBP |
| 10p ordinary | CFD
| Short | 97708 | 4.55090477333217 GBP |
| 10p ordinary | CFD
| Short | 657 | 4.56088889 GBP |
| 10p ordinary | CFD
| Short | 6185 | 4.56831430708165 GBP |
| 10p ordinary | CFD
| Short | 900 | 4.56364944166667 GBP |
| 10p ordinary | CFD
| Short | 36101 | 4.554028 GBP |
| 10p ordinary | CFD
| Short | 13612 | 4.54973097267117 GBP |
| 10p ordinary | CFD
| Short | 52589 | 4.56056824 GBP |
| 10p ordinary | CFD
| Short | 34105 | 4.55772613986219 GBP |
| 10p ordinary | CFD
| Short | 19 | 4.547 GBP |
| 10p ordinary | CFD
| Short | 13241 | 4.55420911887848 GBP |
| 10p ordinary | CFD
| Short | 4142 | 4.56237687 GBP |
| 10p ordinary | CFD
| Short | 3877 | 4.57052953 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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|
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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: | 29 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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