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

UBS AG (EPT)

18 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:	Nationwide Building Society connected to UBS
(d) Date dealing undertaken:	15 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"	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
10p ordinary	Buy	3230870	2.11500        GBP	2.09415        GBP
10p ordinary	Sell	4467253	2.11500        GBP	2.09700        GBP
CDI	Buy	1876994	4.06000         AUD	4.04000         AUD
CDI	Sell	1876994	4.06000         AUD	4.04000         AUD

(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
CDI	CFD	Long	642940	4.04 AUD
CDI	CFD	Long	559420	4.0408 AUD
CDI	CFD	Long	250000	4.043 AUD
CDI	CFD	Long	200000	4.044 AUD
CDI	CFD	Long	89276	4.05 AUD
CDI	CFD	Long	98353	4.05415 AUD
CDI	CFD	Long	7943	4.05514 AUD
CDI	CFD	Long	29062	4.06 AUD
CDI	CFD	Short	642940	4.04 AUD
CDI	CFD	Short	559420	4.0408 AUD
CDI	CFD	Short	250000	4.043 AUD
CDI	CFD	Short	200000	4.044 AUD
CDI	CFD	Short	89276	4.05 AUD
CDI	CFD	Short	98353	4.05415 AUD
CDI	CFD	Short	7943	4.05514 AUD
CDI	CFD	Short	29062	4.06 AUD
10p Ordinary	CFD	Long	453,600	2.097 GBP
10p Ordinary	CFD	Long	2,354	2.09949873 GBP
10p Ordinary	CFD	Long	342,094	2.1 GBP
10p Ordinary	CFD	Long	936,876	2.10021 GBP
10p Ordinary	CFD	Long	15,646	2.1004768 GBP
10p Ordinary	CFD	Long	12,143	2.10071729 GBP
10p Ordinary	CFD	Long	228	2.10201754 GBP
10p Ordinary	CFD	Long	4	2.1025 GBP
10p Ordinary	CFD	Long	456	2.10280702 GBP
10p Ordinary	CFD	Long	31,700	2.10285426 GBP
10p Ordinary	CFD	Long	117	2.10299145 GBP
10p Ordinary	CFD	Long	886	2.10300226 GBP
10p Ordinary	CFD	Long	516	2.10300388 GBP
10p Ordinary	CFD	Long	229	2.1030131 GBP
10p Ordinary	CFD	Long	34,701	2.10328406 GBP
10p Ordinary	CFD	Long	7,941	2.10348067 GBP
10p Ordinary	CFD	Long	230	2.10352174 GBP
10p Ordinary	CFD	Long	670,000	2.1036 GBP
10p Ordinary	CFD	Long	21,014	2.1039112 GBP
10p Ordinary	CFD	Long	118	2.10398305 GBP
10p Ordinary	CFD	Long	886	2.10399549 GBP
10p Ordinary	CFD	Long	217	2.10437788 GBP
10p Ordinary	CFD	Long	475	2.10444211 GBP
10p Ordinary	CFD	Long	500,000	2.1045 GBP
10p Ordinary	CFD	Long	217	2.10451613 GBP
10p Ordinary	CFD	Long	555,671	2.10457562 GBP
10p Ordinary	CFD	Long	98,019	2.10457564 GBP
10p Ordinary	CFD	Long	71,310	2.10457664 GBP
10p Ordinary	CFD	Long	4,379	2.1046449 GBP
10p Ordinary	CFD	Long	2,432	2.10485197 GBP
10p Ordinary	CFD	Long	818	2.105 GBP
10p Ordinary	CFD	Long	134,841	2.10500004 GBP
10p Ordinary	CFD	Long	443	2.10501129 GBP
10p Ordinary	CFD	Long	317	2.10501577 GBP
10p Ordinary	CFD	Long	500,000	2.105258 GBP
10p Ordinary	CFD	Long	24,052	2.10591884 GBP
10p Ordinary	CFD	Long	274	2.1059854 GBP
10p Ordinary	CFD	Long	479	2.10599165 GBP
10p Ordinary	CFD	Long	690	2.106 GBP
10p Ordinary	CFD	Long	425	2.10649412 GBP
10p Ordinary	CFD	Long	234	2.10649573 GBP
10p Ordinary	CFD	Long	1,509	2.10650099 GBP
10p Ordinary	CFD	Long	1,250	2.106504 GBP
10p Ordinary	CFD	Long	472	2.10650424 GBP
10p Ordinary	CFD	Long	490	2.107 GBP
10p Ordinary	CFD	Long	1,954	2.10700102 GBP
10p Ordinary	CFD	Long	1,944	2.10700103 GBP
10p Ordinary	CFD	Long	514	2.10700389 GBP
10p Ordinary	CFD	Long	241	2.10701245 GBP
10p Ordinary	CFD	Long	10,038	2.10728133 GBP
10p Ordinary	CFD	Long	1,141	2.10728309 GBP
10p Ordinary	CFD	Long	7,957	2.10738469 GBP
10p Ordinary	CFD	Long	55	2.10745455 GBP
10p Ordinary	CFD	Long	484	2.10799587 GBP
10p Ordinary	CFD	Long	280	2.108 GBP
10p Ordinary	CFD	Long	202	2.10851485 GBP
10p Ordinary	CFD	Long	236	2.10864407 GBP
10p Ordinary	CFD	Long	529	2.10899811 GBP
10p Ordinary	CFD	Long	470	2.109 GBP
10p Ordinary	CFD	Long	454	2.10900881 GBP
10p Ordinary	CFD	Long	151	2.1094702 GBP
10p Ordinary	CFD	Long	267	2.10951311 GBP
10p Ordinary	CFD	Long	1,623	2.11 GBP
10p Ordinary	CFD	Long	499	2.11150301 GBP
10p Ordinary	CFD	Long	456	2.11199561 GBP
10p Ordinary	CFD	Long	1,109	2.1120018 GBP
10p Ordinary	CFD	Long	1,646	2.11214459 GBP
10p Ordinary	CFD	Long	481	2.1124948 GBP
10p Ordinary	CFD	Long	487	2.11250513 GBP
10p Ordinary	CFD	Long	238	2.11252101 GBP
10p Ordinary	CFD	Long	531	2.11399247 GBP
10p Ordinary	CFD	Long	1,974	2.11449848 GBP
10p Ordinary	CFD	Long	539	2.11500928 GBP
10p Ordinary	CFD	Short	1356	0 GBP
10p Ordinary	CFD	Short	1265	2.0941581 GBP
10p Ordinary	CFD	Short	4708	2.09949873 GBP
10p Ordinary	CFD	Short	765783	2.1 GBP
10p Ordinary	CFD	Short	59078	2.10014557 GBP
10p Ordinary	CFD	Short	28202	2.10014999 GBP
10p Ordinary	CFD	Short	936876	2.10021 GBP
10p Ordinary	CFD	Short	64011	2.10188702 GBP
10p Ordinary	CFD	Short	228	2.10201754 GBP
10p Ordinary	CFD	Short	14460	2.10242185 GBP
10p Ordinary	CFD	Short	4	2.1025 GBP
10p Ordinary	CFD	Short	3887	2.102938 GBP
10p Ordinary	CFD	Short	117	2.10299145 GBP
10p Ordinary	CFD	Short	1772	2.10300226 GBP
10p Ordinary	CFD	Short	516	2.10300388 GBP
10p Ordinary	CFD	Short	229	2.1030131 GBP
10p Ordinary	CFD	Short	230	2.10352174 GBP
10p Ordinary	CFD	Short	532	2.10366541 GBP
10p Ordinary	CFD	Short	21014	2.1039112 GBP
10p Ordinary	CFD	Short	118	2.10398305 GBP
10p Ordinary	CFD	Short	1772	2.10399549 GBP
10p Ordinary	CFD	Short	1043	2.10403643 GBP
10p Ordinary	CFD	Short	217	2.10437788 GBP
10p Ordinary	CFD	Short	475	2.10444211 GBP
10p Ordinary	CFD	Short	500000	2.1045 GBP
10p Ordinary	CFD	Short	217	2.10451613 GBP
10p Ordinary	CFD	Short	555671	2.10457562 GBP
10p Ordinary	CFD	Short	98019	2.10457564 GBP
10p Ordinary	CFD	Short	71310	2.10457664 GBP
10p Ordinary	CFD	Short	2432	2.10485197 GBP
10p Ordinary	CFD	Short	738	2.105 GBP
10p Ordinary	CFD	Short	443	2.10501129 GBP
10p Ordinary	CFD	Short	6479	2.10581571 GBP
10p Ordinary	CFD	Short	274	2.1059854 GBP
10p Ordinary	CFD	Short	479	2.10599165 GBP
10p Ordinary	CFD	Short	690	2.106 GBP
10p Ordinary	CFD	Short	850	2.10649412 GBP
10p Ordinary	CFD	Short	234	2.10649573 GBP
10p Ordinary	CFD	Short	3018	2.10650099 GBP
10p Ordinary	CFD	Short	1250	2.106504 GBP
10p Ordinary	CFD	Short	472	2.10650424 GBP
10p Ordinary	CFD	Short	14363	2.10670125 GBP
10p Ordinary	CFD	Short	490	2.107 GBP
10p Ordinary	CFD	Short	1954	2.10700102 GBP
10p Ordinary	CFD	Short	1944	2.10700103 GBP
10p Ordinary	CFD	Short	514	2.10700389 GBP
10p Ordinary	CFD	Short	241	2.10701245 GBP
10p Ordinary	CFD	Short	10038	2.10728133 GBP
10p Ordinary	CFD	Short	1141	2.10728309 GBP
10p Ordinary	CFD	Short	110	2.10745455 GBP
10p Ordinary	CFD	Short	33	2.10787879 GBP
10p Ordinary	CFD	Short	89	2.10797753 GBP
10p Ordinary	CFD	Short	484	2.10799587 GBP
10p Ordinary	CFD	Short	17840	2.1079972 GBP
10p Ordinary	CFD	Short	560	2.108 GBP
10p Ordinary	CFD	Short	96	2.10802083 GBP
10p Ordinary	CFD	Short	3010	2.10847841 GBP
10p Ordinary	CFD	Short	404	2.10851485 GBP
10p Ordinary	CFD	Short	16019	2.10878582 GBP
10p Ordinary	CFD	Short	138	2.10898551 GBP
10p Ordinary	CFD	Short	529	2.10899811 GBP
10p Ordinary	CFD	Short	470	2.109 GBP
10p Ordinary	CFD	Short	454	2.10900881 GBP
10p Ordinary	CFD	Short	302	2.1094702 GBP
10p Ordinary	CFD	Short	534	2.10951311 GBP
10p Ordinary	CFD	Short	1852	2.11 GBP
10p Ordinary	CFD	Short	499	2.11150301 GBP
10p Ordinary	CFD	Short	456	2.11199561 GBP
10p Ordinary	CFD	Short	1109	2.1120018 GBP
10p Ordinary	CFD	Short	244	2.1120082 GBP
10p Ordinary	CFD	Short	234	2.11200855 GBP
10p Ordinary	CFD	Short	481	2.1124948 GBP
10p Ordinary	CFD	Short	487	2.11250513 GBP
10p Ordinary	CFD	Short	238	2.11252101 GBP
10p Ordinary	CFD	Short	531	2.11399247 GBP
10p Ordinary	CFD	Short	1974	2.11449848 GBP
10p Ordinary	CFD	Short	539	2.11500928 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:	18 March 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