⌘K
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UBS Investment Bank, London, an exempt principal trader, disclosed dealings in 5p Ordinary shares of Firstgroup Plc on 11 August 2022. The firm purchased 622,161 Firstgroup Plc ordinary shares at prices ranging from 1.29500 GBP to 1.34800 GBP, and sold 318,293 shares at prices ranging from 1.29500 GBP to 1.34700 GBP. Additionally, UBS Investment Bank entered into long cash-settled derivative positions referencing 18,514 Firstgroup Plc ordinary shares and short cash-settled derivative positions referencing 312,099 Firstgroup Plc ordinary shares.
| Date | 12 Aug 2022 |
| Time | 10:31:04 |
| Category | Holding(s) in company |
| ID | 8704V |
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 |
Firstgroup Plc |
|
(c) Name of the party to the offer with which exempt principal trader is connected: |
Firstgroup Plc |
|
(d) Date dealing undertaken: |
11 August 2022 |
|
(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 |
|
5p Ordinary |
Buy
|
622161 |
1.34800 GBP |
1.29500 GBP |
|
5p Ordinary |
Sell
|
318293 |
1.34700 GBP |
1.29500 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 |
|
5p Ordinary |
CFD
|
Long |
6500 |
1.3065 GBP |
|
5p Ordinary |
CFD
|
Long |
483 |
1.29789648033126 GBP |
|
5p Ordinary |
CFD
|
Long |
429 |
1.29790675990676 GBP |
|
5p Ordinary |
CFD
|
Long |
2405 |
1.297559 GBP |
|
5p Ordinary |
CFD
|
Long |
4703 |
1.342253 GBP |
|
5p Ordinary |
CFD
|
Long |
15 |
1.295333 GBP |
|
5p Ordinary |
CFD
|
Long |
3979 |
1.301852 GBP |
|
5p Ordinary |
CFD
|
Short |
64057 |
1.332566 GBP |
|
5p Ordinary |
CFD
|
Short |
997 |
1.325 GBP |
|
5p Ordinary |
CFD
|
Short |
162675 |
1.31565207 GBP |
|
5p Ordinary |
CFD
|
Short |
35480 |
1.30765586245772 GBP |
|
5p Ordinary |
CFD
|
Short |
1520 |
1.32209868421053 GBP |
|
5p Ordinary |
CFD
|
Short |
21048 |
1.33050361079437 GBP |
|
5p Ordinary |
CFD
|
Short |
10952 |
1.30477720964207 GBP |
|
5p Ordinary |
CFD
|
Short |
1639 |
1.297371 GBP |
|
5p Ordinary |
CFD
|
Short |
714 |
1.3129997394958 GBP |
|
5p Ordinary |
CFD
|
Short |
1144 |
1.305451 GBP |
|
5p Ordinary |
CFD
|
Short |
2930 |
1.307991 GBP |
|
5p Ordinary |
CFD
|
Short |
615 |
1.32 GBP |
|
5p Ordinary |
CFD
|
Short |
108 |
1.296134 GBP |
|
5p Ordinary |
CFD
|
Short |
8995 |
1.295 GBP |
|
5p Ordinary |
CFD
|
Short |
225 |
1.313 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: |
12 August 2022 |
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.