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: | 23 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
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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
| 275886 | 4.96385 GBP | 4.92000 GBP |
| 10p ordinary | Sell
| 346359 | 3.25400 GBP | 1.73997GBP |
(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 | 57887 | 4.956 GBP |
| 10p ordinary | CFD
| Long | 96290 | 4.96 GBP |
| 10p ordinary | CFD
| Long | 4215 | 4.955753 GBP |
| 10p ordinary | CFD
| Long | 16770 | 4.9245085 GBP |
| 10p ordinary | CFD
| Long | 1067 | 4.95525773195876 GBP |
| 10p ordinary | CFD
| Long | 30 | 4.943965 GBP |
| 10p ordinary | CFD
| Long | 9273 | 4.94389475 GBP |
| 10p ordinary | CFD
| Long | 2710 | 4.95385129151292 GBP |
| 10p ordinary | CFD
| Long | 3942 | 4.955802 GBP |
| 10p ordinary | CFD
| Long | 3465 | 4.93156219410678 GBP |
| 10p ordinary | CFD
| Long | 31691 | 4.9541200987924 GBP |
| 10p ordinary | CFD
| Long | 59 | 4.92244915 GBP |
| 10p ordinary | CFD
| Long | 7669 | 4.95575733472421 GBP |
| 10p ordinary | CFD
| Long | 19538 | 4.952203 GBP |
| 10p ordinary | CFD
| Long | 6533 | 4.94961473 GBP |
| 10p ordinary | CFD
| Long | 1015 | 4.95593805 GBP |
| 10p ordinary | CFD
| Long | 248 | 4.928427 GBP |
| 10p ordinary | CFD
| Long | 108 | 4.96259259 GBP |
| 10p ordinary | CFD
| Long | 1307 | 4.95384850803366 GBP |
| 10p ordinary | CFD
| Long | 646 | 4.9369226006192 GBP |
| 10p ordinary | CFD
| Long | 333 | 4.9205 GBP |
| 10p ordinary | CFD
| Long | 27752 | 4.93841056500432 GBP |
| 10p ordinary | CFD
| Long | 2448 | 4.95565359477124 GBP |
| 10p ordinary | CFD
| Long | 9617 | 4.93588748996049 GBP |
| 10p ordinary | CFD
| Long | 3766 | 4.95200398206054 GBP |
| 10p ordinary | CFD
| Long | 3485 | 4.946324 GBP |
| 10p ordinary | CFD
| Short | 40488 | 4.95575851 GBP |
| 10p ordinary | CFD
| Short | 7943 | 4.92686122 GBP |
| 10p ordinary | CFD
| Short | 9202 | 4.95520165 GBP |
| 10p ordinary | CFD
| Short | 596 | 4.9228 GBP |
| 10p ordinary | CFD
| Short | 4493 | 4.9567438237258 GBP |
| 10p ordinary | CFD
| Short | 2783 | 4.956249 GBP |
| 10p ordinary | CFD
| Short | 333 | 4.9205 GBP |
| 10p ordinary | CFD
| Short | 16662 | 4.956 GBP |
| 10p ordinary | CFD
| Short | 22275 | 4.93828575653513 GBP |
| 10p ordinary | CFD
| Short | 19060 | 4.94638315524134 GBP |
| 10p ordinary | CFD
| Short | 4154 | 4.92959834 GBP |
| 10p ordinary | CFD
| Short | 2868 | 4.93266998167015 GBP |
| 10p ordinary | CFD
| Short | 4700 | 4.93680425531915 GBP |
| 10p ordinary | CFD
| Short | 4413 | 4.95606195 GBP |
| 10p ordinary | CFD
| Short | 7965 | 4.93829 GBP |
| 10p ordinary | CFD
| Short | 730 | 4.95698630136986 GBP |
| 10p ordinary | CFD
| Short | 4994 | 4.92347006 GBP |
| 10p ordinary | CFD
| Short | 625 | 4.92312841 GBP |
| 10p ordinary | CFD
| Short | 336 | 4.953286 GBP |
| 10p ordinary | CFD
| Short | 2203 | 4.93120404339083 GBP |
| 10p ordinary | CFD
| Short | 66763 | 4.95052555833111 GBP |
| 10p ordinary | CFD
| Short | 397 | 4.953864 GBP |
| 10p ordinary | CFD
| Short | 3957 | 4.92261562 GBP |
| 10p ordinary | CFD
| Short | 4615 | 4.92554583 GBP |
| 10p ordinary | CFD
| Short | 3500 | 4.92598722 GBP |
| 10p ordinary | CFD
| Short | 6100 | 4.9269767 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 |
| 10p ordinary | Call | Purchasing | 11529 | 5.323 GBP | European | 20 August 2024 | 0.0297 GBP |
| 10p ordinary | Call | Selling | 11529 | 5.323 GBP | European | 20 August 2024 | 0.0297 GBP |
| 10p ordinary | Call | Purchasing | 11529 | 5.323 GBP | European | 20 August 2024 | 0.0297 GBP |
(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: | 24 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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