HSBC Bank Plc - Form 8.5 (EPT/RI) - Learning Technologies

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:	HSBC Bank Plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Learning Technologies Group plc
(c) Name of the party to the offer with which exempt principal trader is connected:	OFFEROR: GASC APF, L.P. and certain of its managed or advised funds (including Atlantic Park), accounts and/or affiliates (collectively, General Atlantic)
(d) Date dealing undertaken:	18 December 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”	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 (GBP)	Lowest price per unit paid/received (GBP)
Ordinary Shares	Purchase	5,345,133	98.100 p	98.001 p
Ordinary Shares	Sale	81,855	98.235 p	97.998 p

(b) Cash-settled derivative transactions

Class of relevant security	Product description	Nature of dealing	Number of reference securities	Price per unit (GBP)
Class of relevant security	e.g. CFD	e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit (GBP)
Ordinary Shares	Swap	Increasing a short position	2,011,411	98.098 p
Ordinary Shares	Swap	Increasing a short position	1,104,503	98.098 p
Ordinary Shares	Swap	Reducing a short position	15,000	98.000 p
Ordinary Shares	Swap	Increasing a short position	1,283,642	98.098 p
Ordinary Shares	Swap	Increasing a short position	704,867	98.098 p
Ordinary Shares	Swap	Increasing a short position	154,947	98.098 p
Ordinary Shares	Swap	Increasing a short position	85,069	98.098 p
Ordinary Shares	Swap	Reducing a short position	124	98.235 p
Ordinary Shares	Swap	Reducing a short position	30	98.103 p
Ordinary Shares	Swap	Reducing a short position	7,159	97.998 p
Ordinary Shares	Swap	Reducing a short position	600	98.043 p
Ordinary Shares	Swap	Reducing a short position	2,755	98.047 p
Ordinary Shares	Swap	Reducing a short position	2,020	98.189 p
Ordinary Shares	Swap	Reducing a short position	5,201	98.146 p
Ordinary Shares	Swap	Reducing a short position	73	98.235 p
Ordinary Shares	Swap	Reducing a short position	19	98.103 p
Ordinary Shares	Swap	Reducing a short position	4,233	97.998 p
Ordinary Shares	Swap	Reducing a short position	355	98.043 p
Ordinary Shares	Swap	Reducing a short position	1,629	98.047 p
Ordinary Shares	Swap	Reducing a short position	1,194	98.189 p
Ordinary Shares	Swap	Reducing a short position	3,074	98.146 p
Ordinary Shares	Swap	Reducing a short position	24	98.235 p
Ordinary Shares	Swap	Reducing a short position	6	98.103 p
Ordinary Shares	Swap	Reducing a short position	1,323	97.998 p
Ordinary Shares	Swap	Reducing a short position	112	98.043 p
Ordinary Shares	Swap	Reducing a short position	510	98.047 p
Ordinary Shares	Swap	Reducing a short position	373	98.189 p
Ordinary Shares	Swap	Reducing a short position	960	98.146 p
Ordinary Shares	Swap	Reducing a short position	2,121	98.146 p
Ordinary Shares	Swap	Reducing a short position	823	98.189 p
Ordinary Shares	Swap	Reducing a short position	1,124	98.047 p
Ordinary Shares	Swap	Reducing a short position	245	98.043 p
Ordinary Shares	Swap	Reducing a short position	2,920	97.998 p
Ordinary Shares	Swap	Reducing a short position	13	98.103 p
Ordinary Shares	Swap	Reducing a short position	51	98.235 p
Ordinary Shares	Swap	Reducing a short position	654	98.146 p
Ordinary Shares	Swap	Reducing a short position	254	98.189 p
Ordinary Shares	Swap	Reducing a short position	348	98.047 p
Ordinary Shares	Swap	Reducing a short position	76	98.043 p
Ordinary Shares	Swap	Reducing a short position	901	97.998 p
Ordinary Shares	Swap	Reducing a short position	4	98.103 p
Ordinary Shares	Swap	Reducing a short position	16	98.235 p
Ordinary Shares	Swap	Reducing a short position	94	98.235 p
Ordinary Shares	Swap	Reducing a short position	23	98.103 p
Ordinary Shares	Swap	Reducing a short position	5,448	97.998 p
Ordinary Shares	Swap	Reducing a short position	456	98.043 p
Ordinary Shares	Swap	Reducing a short position	2,097	98.047 p
Ordinary Shares	Swap	Reducing a short position	1,538	98.189 p
Ordinary Shares	Swap	Reducing a short position	3,958	98.146 p
Ordinary Shares	Swap	Reducing a short position	78	98.235 p
Ordinary Shares	Swap	Reducing a short position	19	98.103 p
Ordinary Shares	Swap	Reducing a short position	4,492	97.998 p
Ordinary Shares	Swap	Reducing a short position	376	98.043 p
Ordinary Shares	Swap	Reducing a short position	1,728	98.047 p
Ordinary Shares	Swap	Reducing a short position	1,268	98.189 p
Ordinary Shares	Swap	Reducing a short position	3,262	98.146 p

(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:	19 December 2024
Contact name:	Dhruti Singh
Telephone number:	0207 088 2000

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

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.

HSBC Bank Plc - Form 8.5 (EPT/RI) - Learning Technologies Group plc