RNS Number : 2948B
UBS AG (EPT)
21 August 2024
 

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

Redrow plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Barratt Developments Plc connected to UBS

 

(d) Date dealing undertaken:

            20 August 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"

YES

:

 

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

10.5p ordinary

Buy

 

260712

806.620984 GBP

787.499431 GBP

10.5p ordinary

Sell

 

309262

801.912052 GBP

787.488688 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

10.5p ordinary

CFD

 

Long

453

7.9424893316        GBP

10.5p ordinary

CFD

 

Long

28993

7.961026        GBP

10.5p ordinary

CFD

 

Long

529

7.932193        GBP

10.5p ordinary

CFD

 

Long

11287

7.92402697834145        GBP

10.5p ordinary

CFD

 

Long

7771

7.92651879006563        GBP

10.5p ordinary

CFD

 

Long

382

7.94        GBP

10.5p ordinary

CFD

 

Long

144038

7.9347420042        GBP

10.5p ordinary

CFD

 

Long

185

7.930135        GBP

10.5p ordinary

CFD

 

Long

3432

7.938976        GBP

10.5p ordinary

CFD

 

Long

23803

7.9073644080868        GBP

10.5p ordinary

CFD

 

Long

307

8.01912052        GBP

10.5p ordinary

CFD

 

Long

873

8.004811        GBP

10.5p ordinary

CFD

 

Long

2

7.875        GBP

10.5p ordinary

CFD

 

Long

221

7.87490156        GBP

10.5p ordinary

CFD

 

Short

8902

8.06620975        GBP

10.5p ordinary

CFD

 

Short

2202

7.875        GBP

10.5p ordinary

CFD

 

Short

14509

7.92043132        GBP

10.5p ordinary

CFD

 

Short

3179

7.89053319        GBP

10.5p ordinary

CFD

 

Short

4374

7.875119        GBP

10.5p ordinary

CFD

 

Short

853

7.95011723        GBP

10.5p ordinary

CFD

 

Short

120956

7.9463434        GBP

10.5p ordinary

CFD

 

Short

111

8.00851276        GBP

10.5p ordinary

CFD

 

Short

634

7.93509919        GBP

10.5p ordinary

CFD

 

Short

22

8.00045455        GBP

10.5p ordinary

CFD

 

Short

9851

7.93049589255406        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

 

 

 

 

 

 

 

(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)

 

 

 

 

 

 

 

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:

21 August 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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