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Barclays PLC disclosed its opening position and dealings in VIRGIN MONEY UK PLC on 25 September 2024, as required under Rule 8.3 of the Takeover Code. Following these dealings, Barclays PLC held a total interest of 1.81% (23,441,463 shares) and total short positions of 1.68% (21,822,668 shares) in Virgin Money UK PLC's 10p ordinary shares. The disclosure also detailed various purchases, sales, and cash-settled derivative transactions of 10p ordinary shares and CDIs on that date.
| Date | 26 Sept 2024 |
| Time | 15:29:35 |
| Category | Holding(s) in company |
| ID | 8686F |
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FORM 8.3 |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY |
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A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR |
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MORE |
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Rule 8.3 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Full name of discloser: |
Barclays PLC. |
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(b) |
Owner or controller of interest and short |
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(c) |
Name of offeror/offeree in relation to whose |
VIRGIN MONEY UK PLC |
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(d) |
If an exempt fund manager connected with an |
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(e) |
Date position held/dealing undertaken: |
25 Sep 2024 |
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(f) |
In addition to the company in 1(c) above, is the discloser making |
NO |
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2. |
POSITIONS OF THE PERSON MAKING THE DISCLOSURE |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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Class of relevant security: |
10p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) Relevant securities owned and/or controlled: |
21,439,720 |
1.65% |
2,113,203 |
0.16% |
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(2) Cash-settled derivatives: |
2,001,743 |
0.15% |
19,709,465 |
1.52% |
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
0 |
0.00% |
0 |
0.00% |
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23,441,463 |
1.81% |
21,822,668 |
1.68% |
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(b) |
Rights to subscribe for new securities (including directors and |
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Class of relevant security in relation to |
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Details, including nature of the rights |
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3. |
DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE |
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(a) |
Purchase and sales |
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Class of relevant |
Purchase/sale |
Number of |
Price per unit |
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CDI |
Purchase |
3,996,625 |
4.2200 AUD |
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10p ordinary |
Purchase |
98,546 |
2.1718 GBP |
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10p ordinary |
Purchase |
81,543 |
2.1740 GBP |
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CDI |
Purchase |
24,330 |
4.2300 AUD |
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10p ordinary |
Purchase |
22,169 |
2.1720 GBP |
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CDI |
Purchase |
5,842 |
4.2400 AUD |
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CDI |
Sale |
1,896,625 |
4.2200 AUD |
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10p ordinary |
Sale |
211,017 |
2.1720 GBP |
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CDI |
Sale |
52,481 |
4.2197 AUD |
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CDI |
Sale |
46,540 |
4.2252 AUD |
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10p ordinary |
Sale |
6,683 |
2.1719 GBP |
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10p ordinary |
Sale |
281 |
2.1730 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product description |
Nature of dealing |
Number of |
Price per |
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10p ordinary |
SWAP |
Decreasing Short |
5,765 |
2.1719 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
111,767 |
2.1720 GBP |
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10p ordinary |
SWAP |
Decreasing Short |
985 |
2.1722 GBP |
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10p ordinary |
SWAP |
Increasing Short |
11,126 |
2.1719 GBP |
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10p ordinary |
SWAP |
Increasing Short |
6,191 |
2.1720 GBP |
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10p ordinary |
SWAP |
Increasing Short |
81,543 |
2.1740 GBP |
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10p ordinary |
CFD |
Decreasing Short |
2 |
2.1700 GBP |
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10p ordinary |
CFD |
Increasing Short |
2 |
2.1700 GBP |
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CDI |
CFD |
Decreasing Short |
22,210 |
4.2191 AUD |
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CDI |
CFD |
Increasing Short |
2,100,000 |
4.2206 AUD |
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(c) |
Stock-settled derivative transactions |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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(d) |
Other dealings (including subscribing for |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
26 Sep 2024 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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