Form 8.5 (EPT/RI) - Virgin Money UK plc (GB)

UBS AG (EPT)
08 March 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

            Virgin Money UK plc

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

            Virgin Money UK plc

(d) Date dealing undertaken:

            07 March 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

 

14856634

2.17800            GBP

2.12900        GBP

10p ordinary

Sell

 

14229173

2.17625        GBP

2.12600        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

831

2.1504876997        GBP

10p ordinary

CFD

 

Long

21323

2.1648276        GBP

10p ordinary

CFD

 

Long

11199

2.136214        GBP

10p ordinary

CFD

 

Long

6620

2.134535        GBP

10p ordinary

CFD

 

Long

44339

2.158962        GBP

10p ordinary

CFD

 

Long

2401

2.14541008        GBP

10p ordinary

CFD

 

Long

973

2.130247        GBP

10p ordinary

CFD

 

Long

258

2.13        GBP

10p ordinary

CFD

 

Long

297532

2.16246514        GBP

10p ordinary

CFD

 

Long

13741

2.16621861582126        GBP

10p ordinary

CFD

 

Long

1658

2.16219541616405        GBP

10p ordinary

CFD

 

Long

26566

2.16        GBP

10p ordinary

CFD

 

Long

2313

2.163        GBP

10p ordinary

CFD

 

Long

3333

2.162        GBP

10p ordinary

CFD

 

Long

65

2.161        GBP

10p ordinary

CFD

 

Long

1000

2.158        GBP

10p ordinary

CFD

 

Long

52703

2.14499099        GBP

10p ordinary

CFD

 

Long

476203

2.166894        GBP

10p ordinary

CFD

 

Long

16095

2.1677287        GBP

10p ordinary

CFD

 

Long

46378

2.146893        GBP

10p ordinary

CFD

 

Long

8719

2.170968        GBP

10p ordinary

CFD

 

Long

2701

2.149467        GBP

10p ordinary

CFD

 

Long

6000

2.144        GBP

10p ordinary

CFD

 

Long

16062

2.159        GBP

10p ordinary

CFD

 

Long

13793

2.138        GBP

10p ordinary

CFD

 

Long

769

2.145        GBP

10p ordinary

CFD

 

Long

1108

2.14        GBP

10p ordinary

CFD

 

Long

162384

2.156376        GBP

10p ordinary

CFD

 

Short

86001

2.147        GBP

10p ordinary

CFD

 

Short

8259

2.1421328        GBP

10p ordinary

CFD

 

Short

190

2.154854        GBP

10p ordinary

CFD

 

Short

78239

2.16        GBP

10p ordinary

CFD

 

Short

117653

2.165811        GBP

10p ordinary

CFD

 

Short

33704

2.164354        GBP

10p ordinary

CFD

 

Short

29423

2.14537335        GBP

10p ordinary

CFD

 

Short

9531

2.14071241        GBP

10p ordinary

CFD

 

Short

2600

2.13754231        GBP

10p ordinary

CFD

 

Short

8774

2.14702684        GBP

10p ordinary

CFD

 

Short

29097

2.153862        GBP

10p ordinary

CFD

 

Short

24938

2.169        GBP

10p ordinary

CFD

 

Short

20713

2.15        GBP

10p ordinary

CFD

 

Short

7242

2.129        GBP

10p ordinary

CFD

 

Short

15845

2.165        GBP

10p ordinary

CFD

 

Short

7690

2.166        GBP

10p ordinary

CFD

 

Short

23115

2.161        GBP

10p ordinary

CFD

 

Short

54303

2.162        GBP

10p ordinary

CFD

 

Short

11200

2.169752        GBP

10p ordinary

CFD

 

Short

15245

2.172        GBP

10p ordinary

CFD

 

Short

2088

2.1605        GBP

10p ordinary

CFD

 

Short

949638

2.163117        GBP

10p ordinary

CFD

 

Short

140000

2.1629        GBP

10p ordinary

CFD

 

Short

8290

2.16151918        GBP

10p ordinary

CFD

 

Short

990

2.148449        GBP

10p ordinary

CFD

 

Short

3139

2.151204        GBP

10p ordinary

CFD

 

Short

1106

2.148221        GBP

10p ordinary

CFD

 

Short

663

2.15900452488688        GBP

10p ordinary

CFD

 

Short

49290

2.15953252        GBP

10p ordinary

CFD

 

Short

3355

2.14700149031297        GBP

10p ordinary

CFD

 

Short

3820

2.147525        GBP

10p ordinary

CFD

 

Short

51649

2.163        GBP

10p ordinary

CFD

 

Short

5973

2.1625        GBP

10p ordinary

CFD

 

Short

15519

2.164        GBP

10p ordinary

CFD

 

Short

4000

2.1655        GBP

10p ordinary

CFD

 

Short

13297

2.17        GBP

10p ordinary

CFD

 

Short

1650

2.177        GBP

10p ordinary

CFD

 

Short

12000

2.176        GBP

10p ordinary

CFD

 

Short

2000

2.1635        GBP

10p ordinary

CFD

 

Short

6000

2.168577        GBP

10p ordinary

CFD

 

Short

3698

2.1685        GBP

10p ordinary

CFD

 

Short

4485

2.167        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:

08 March 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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