Form 8.5 (EPT/RI) - Redrow Plc

UBS AG (EPT)

09 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:	08 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	4121807	7.33500 GBP	7.20000 GBP
10.5p ordinary	Sell	400277	7.36100  GBP	7.19000 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	131	7.225763        GBP
10.5p ordinary	CFD	Long	322204	7.36100012        GBP
10.5p ordinary	CFD	Long	16189	7.28258813        GBP
10.5p ordinary	CFD	Long	817	7.23687882        GBP
10.5p ordinary	CFD	Long	3699	7.27612289        GBP
10.5p ordinary	CFD	Long	1500	7.25854        GBP
10.5p ordinary	CFD	Long	9238	7.29412535126977        GBP
10.5p ordinary	CFD	Long	5230	7.30779106        GBP
10.5p ordinary	CFD	Long	5779	7.30225800001384        GBP
10.5p ordinary	CFD	Long	1537	7.32        GBP
10.5p ordinary	CFD	Long	107	7.28252336523364        GBP
10.5p ordinary	CFD	Short	600000	7.26228004        GBP
10.5p ordinary	CFD	Short	300000	7.23345988        GBP
10.5p ordinary	CFD	Short	900000	7.27304757        GBP
10.5p ordinary	CFD	Short	270000	7.27669012        GBP
10.5p ordinary	CFD	Short	200000	7.25727654        GBP
10.5p ordinary	CFD	Short	100000	7.30262826        GBP
10.5p ordinary	CFD	Short	6000	7.23674833775        GBP
10.5p ordinary	CFD	Short	89852	7.25562308        GBP
10.5p ordinary	CFD	Short	109	7.300963        GBP
10.5p ordinary	CFD	Short	1575000	7.21785        GBP
10.5p ordinary	CFD	Short	36817	7.269953        GBP
10.5p ordinary	CFD	Short	324	7.28277777777778        GBP
10.5p ordinary	CFD	Short	10858	7.22561429031682        GBP
10.5p ordinary	CFD	Short	2516	7.300014        GBP
10.5p ordinary	CFD	Short	3269	7.32013168        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:	09 August 2024
Contact name:	Richard Howard
Telephone number:	[phone]

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 [e-mail]

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END