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: | 14 May 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
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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
| 1639758 | 5.00401 GBP | 4.89000 GBP |
| 10p ordinary | Sell
| 1612573 | 5.00401 GBP | 4.89000 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 | 592 | 4.9455 GBP |
| 10p ordinary | CFD
| Long | 888 | 4.945 GBP |
| 10p ordinary | CFD
| Long | 1902 | 4.979 GBP |
| 10p ordinary | CFD
| Long | 1758 | 4.994 GBP |
| 10p ordinary | CFD
| Long | 1944 | 4.9665 GBP |
| 10p ordinary | CFD
| Long | 1155 | 4.976 GBP |
| 10p ordinary | CFD
| Long | 648 | 4.966 GBP |
| 10p ordinary | CFD
| Long | 615 | 4.908088 GBP |
| 10p ordinary | CFD
| Long | 11503 | 4.958752 GBP |
| 10p ordinary | CFD
| Long | 4181 | 4.958751 GBP |
| 10p ordinary | CFD
| Long | 651 | 4.966516 GBP |
| 10p ordinary | CFD
| Long | 763 | 4.981245 GBP |
| 10p ordinary | CFD
| Long | 700 | 4.98464286 GBP |
| 10p ordinary | CFD
| Long | 636 | 4.94621069 GBP |
| 10p ordinary | CFD
| Long | 1030822 | 4.959 GBP |
| 10p ordinary | CFD
| Long | 18082 | 4.9469605 GBP |
| 10p ordinary | CFD
| Long | 1156 | 4.960202 GBP |
| 10p ordinary | CFD
| Long | 53012 | 4.96771725 GBP |
| 10p ordinary | CFD
| Long | 424 | 4.98840094 GBP |
| 10p ordinary | CFD
| Long | 3700 | 4.98697297297297 GBP |
| 10p ordinary | CFD
| Long | 172 | 4.958302 GBP |
| 10p ordinary | CFD
| Long | 75367 | 4.95915765521117 GBP |
| 10p ordinary | CFD
| Long | 614 | 4.97317427 GBP |
| 10p ordinary | CFD
| Long | 238 | 4.97212718 GBP |
| 10p ordinary | CFD
| Long | 2887 | 4.9209092488708 GBP |
| 10p ordinary | CFD
| Long | 2844 | 4.93671272554852 GBP |
| 10p ordinary | CFD
| Long | 10402 | 4.95967404 GBP |
| 10p ordinary | CFD
| Long | 24561 | 4.95498126848988 GBP |
| 10p ordinary | CFD
| Long | 11989 | 4.98071457213446 GBP |
| 10p ordinary | CFD
| Long | 4738 | 4.9602328 GBP |
| 10p ordinary | CFD
| Long | 2883 | 4.95792369098855 GBP |
| 10p ordinary | CFD
| Long | 45798 | 4.940618 GBP |
| 10p ordinary | CFD
| Long | 3048 | 4.98425525 GBP |
| 10p ordinary | CFD
| Long | 2003 | 4.955377 GBP |
| 10p ordinary | CFD
| Long | 138 | 4.92362319 GBP |
| 10p ordinary | CFD
| Long | 5977 | 4.95893801 GBP |
| 10p ordinary | CFD
| Long | 57957 | 4.967237 GBP |
| 10p ordinary | CFD
| Long | 2910 | 4.971 GBP |
| 10p ordinary | CFD
| Long | 1000 | 4.975 GBP |
| 10p ordinary | CFD
| Short | 30597 | 4.9878715 GBP |
| 10p ordinary | CFD
| Short | 3557 | 4.97580292083216 GBP |
| 10p ordinary | CFD
| Short | 26227 | 4.907213 GBP |
| 10p ordinary | CFD
| Short | 6349 | 4.9391668 GBP |
| 10p ordinary | CFD
| Short | 1153 | 4.91652212 GBP |
| 10p ordinary | CFD
| Short | 20182 | 4.959 GBP |
| 10p ordinary | CFD
| Short | 1200000 | 4.9628 GBP |
| 10p ordinary | CFD
| Short | 15715 | 5.001 GBP |
| 10p ordinary | CFD
| Short | 8584 | 4.96041799 GBP |
| 10p ordinary | CFD
| Short | 968 | 4.92836260377066 GBP |
| 10p ordinary | CFD
| Short | 1636 | 4.95043581926039 GBP |
| 10p ordinary | CFD
| Short | 5427 | 4.93063475628524 GBP |
| 10p ordinary | CFD
| Short | 1631 | 4.986458 GBP |
| 10p ordinary | CFD
| Short | 6676 | 4.945788 GBP |
| 10p ordinary | CFD
| Short | 4146 | 4.95264375301495 GBP |
| 10p ordinary | CFD
| Short | 9274 | 4.95264885701962 GBP |
| 10p ordinary | CFD
| Short | 68185 | 4.95162938698394 GBP |
| 10p ordinary | CFD
| Short | 4743 | 4.93343685393633 GBP |
| 10p ordinary | CFD
| Short | 88 | 4.995 GBP |
| 10p ordinary | CFD
| Short | 13503 | 4.96011841694438 GBP |
| 10p ordinary | CFD
| Short | 4000 | 4.91199 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" |
|
None |
Date of disclosure: | 15 May 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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