REG - UBS AG (EPT) Redrow PLC - Form 8.5 (EPT/RI) - Redrow Plc

RedrowAnnouncement

13/02/2024 11:30

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RNS Number : 9886C  UBS AG (EPT)  13 February 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              Redrow plc
 relates:

      Use a separate form for each offeror/offeree
 (c) Name of the party to the offer with which exempt principal trader is                    Barratt Developments Plc connected to UBS
 connected:
 (d) Date dealing undertaken:                                                                12 February 2024
 (e) In addition to the company in 1(b) above, is the exempt principal trader    YES
 making disclosures in respect of any other party to this offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

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               1169344                     6.82772        GBP                    6.73500        GBP

 10.5p ordinary              Sell              181119                      6.82772        GBP                    6.73500        GBP

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 10.5p ordinary              CFD                  Long                                                                           3912                            6.783572        GBP

 10.5p ordinary              CFD                  Long                                                                           2630                            6.795325        GBP

 10.5p ordinary              CFD                  Long                                                                           1198                            6.79159432387312        GBP

 10.5p ordinary              CFD                  Long                                                                           3594                            6.77308848080134        GBP

 10.5p ordinary              CFD                  Long                                                                           5148                            6.81        GBP

 10.5p ordinary              CFD                  Long                                                                           7990                            6.80952315394243        GBP

 10.5p ordinary              CFD                  Long                                                                           1772                            6.7805        GBP

 10.5p ordinary              CFD                  Long                                                                           8894                            6.791063        GBP

 10.5p ordinary              CFD                  Long                                                                           40310                           6.77351103944431        GBP

 10.5p ordinary              CFD                  Short                                                                          341912                          6.79066665        GBP

 10.5p ordinary              CFD                  Short                                                                          382600                          6.79272        GBP

 10.5p ordinary              CFD                  Short                                                                          144000                          6.799        GBP

 10.5p ordinary              CFD                  Short                                                                          100000                          6.7834        GBP

 10.5p ordinary              CFD                  Short                                                                          1556                            6.77607969151671        GBP

 10.5p ordinary              CFD                  Short                                                                          4768                            6.806438        GBP

 10.5p ordinary              CFD                  Short                                                                          125                             6.75818        GBP

 10.5p ordinary              CFD                  Short                                                                          56101                           6.784333        GBP

 10.5p ordinary              CFD                  Short                                                                          1185                            6.810338        GBP

 10.5p ordinary              CFD                  Short                                                                          2811                            6.787161        GBP

 10.5p ordinary              CFD                  Short                                                                          521                             6.82760077        GBP

 10.5p ordinary              CFD                  Short                                                                          420                             6.775488        GBP

 10.5p ordinary              CFD                  Short                                                                          10913                           6.77570695500779        GBP

 10.5p ordinary              CFD                  Short                                                                          6802                            6.774632        GBP

 10.5p ordinary              CFD                  Short                                                                          3166                            6.788838        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                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

 

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:  13 February 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 (mailto: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
(http://www.thetakeoverpanel.org.uk/) .

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