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: | 11 July 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
| 1699914 | 4.95174 GBP | 4.81654 GBP |
| 10p ordinary | Sell
| 874095 | 4.95105 GBP | 4.81654 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 | 826 | 4.88915075 GBP |
| 10p ordinary | CFD
| Long | 2401 | 4.89877863 GBP |
| 10p ordinary | CFD
| Long | 1416 | 4.944 GBP |
| 10p ordinary | CFD
| Long | 5314 | 4.90935571 GBP |
| 10p ordinary | CFD
| Long | 1036 | 4.91939768339768 GBP |
| 10p ordinary | CFD
| Long | 3158 | 4.89920044608613 GBP |
| 10p ordinary | CFD
| Long | 2162 | 4.91939500462535 GBP |
| 10p ordinary | CFD
| Long | 2403 | 4.83556159 GBP |
| 10p ordinary | CFD
| Long | 1592 | 4.87585106697236 GBP |
| 10p ordinary | CFD
| Long | 43363 | 4.84855245255171 GBP |
| 10p ordinary | CFD
| Long | 34137 | 4.95065354307643 GBP |
| 10p ordinary | CFD
| Long | 2185 | 4.82871578631579 GBP |
| 10p ordinary | CFD
| Long | 3550 | 4.866566 GBP |
| 10p ordinary | CFD
| Long | 1696 | 4.92165094339623 GBP |
| 10p ordinary | CFD
| Long | 9685 | 4.88098182 GBP |
| 10p ordinary | CFD
| Long | 4039 | 4.88281807 GBP |
| 10p ordinary | CFD
| Long | 3788 | 4.91797424 GBP |
| 10p ordinary | CFD
| Long | 3311 | 4.905739 GBP |
| 10p ordinary | CFD
| Long | 6640 | 4.90291333 GBP |
| 10p ordinary | CFD
| Long | 235538 | 4.9149 GBP |
| 10p ordinary | CFD
| Long | 467 | 4.89104069 GBP |
| 10p ordinary | CFD
| Long | 213527 | 4.951 GBP |
| 10p ordinary | CFD
| Long | 1675 | 4.842 GBP |
| 10p ordinary | CFD
| Long | 1771 | 4.8841502 GBP |
| 10p ordinary | CFD
| Long | 5296 | 4.94965051 GBP |
| 10p ordinary | CFD
| Long | 810 | 4.945244 GBP |
| 10p ordinary | CFD
| Short | 1080 | 4.840685 GBP |
| 10p ordinary | CFD
| Short | 756 | 4.835484 GBP |
| 10p ordinary | CFD
| Short | 186 | 4.834279 GBP |
| 10p ordinary | CFD
| Short | 955 | 4.828867 GBP |
| 10p ordinary | CFD
| Short | 2221 | 4.83800968032418 GBP |
| 10p ordinary | CFD
| Short | 10518 | 4.95174272675414 GBP |
| 10p ordinary | CFD
| Short | 10155 | 4.87493786539045 GBP |
| 10p ordinary | CFD
| Short | 17910 | 4.93036663920491 GBP |
| 10p ordinary | CFD
| Short | 3897 | 4.82985694 GBP |
| 10p ordinary | CFD
| Short | 84541 | 4.89714348232313 GBP |
| 10p ordinary | CFD
| Short | 44488 | 4.951 GBP |
| 10p ordinary | CFD
| Short | 13579 | 4.890608 GBP |
| 10p ordinary | CFD
| Short | 13044 | 4.95106189 GBP |
| 10p ordinary | CFD
| Short | 2748 | 4.87848253 GBP |
| 10p ordinary | CFD
| Short | 3371 | 4.951249 GBP |
| 10p ordinary | CFD
| Short | 337 | 4.878249 GBP |
| 10p ordinary | CFD
| Short | 76 | 4.93826315947368 GBP |
| 10p ordinary | CFD
| Short | 158 | 4.840702 GBP |
| 10p ordinary | CFD
| Short | 28 | 4.834233 GBP |
| 10p ordinary | CFD
| Short | 142 | 4.82894 GBP |
| 10p ordinary | CFD
| Short | 1000 | 4.9455 GBP |
| 10p ordinary | CFD
| Short | 921 | 4.840679 GBP |
| 10p ordinary | CFD
| Short | 159 | 4.834206 GBP |
| 10p ordinary | CFD
| Short | 816 | 4.828869 GBP |
| 10p ordinary | CFD
| Short | 270 | 4.86959259 GBP |
| 10p ordinary | CFD
| Short | 55803 | 4.946009 GBP |
| 10p ordinary | CFD
| Short | 2093 | 4.92 GBP |
| 10p ordinary | CFD
| Short | 2950 | 4.945 GBP |
| 10p ordinary | CFD
| Short | 1065 | 4.83799624413146 GBP |
| 10p ordinary | CFD
| Short | 185175 | 4.95098604563251 GBP |
| 10p ordinary | CFD
| Short | 48423 | 4.88916913 GBP |
| 10p ordinary | CFD
| Short | 40600 | 4.91128572 GBP |
| 10p ordinary | CFD
| Short | 1377 | 4.88482135076253 GBP |
| 10p ordinary | CFD
| Short | 7346 | 4.91911625 GBP |
| 10p ordinary | CFD
| Short | 17421 | 4.92806589556742 GBP |
| 10p ordinary | CFD
| Short | 774690 | 4.92146 GBP |
| 10p ordinary | CFD
| Short | 2384 | 4.876831 GBP |
| 10p ordinary | CFD
| Short | 10157 | 4.9131 GBP |
| 10p ordinary | CFD
| Short | 26991 | 4.951247 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: | 12 July 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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