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:	20 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	995,044	98.100 p	97.805 p
Ordinary Shares	Sale	88,843	98.140 p	97.805 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 long position	629,254	98.098 p
Ordinary Shares	Swap	Increasing a long position	365,692	98.098 p
Ordinary Shares	Swap	Reducing a short position	8,842	97.893 p
Ordinary Shares	Swap	Reducing a short position	503	98.140 p
Ordinary Shares	Swap	Reducing a short position	2,807	97.998 p
Ordinary Shares	Swap	Reducing a short position	6,393	97.978 p
Ordinary Shares	Swap	Reducing a short position	4,379	97.922 p
Ordinary Shares	Swap	Reducing a short position	1,072	97.890 p
Ordinary Shares	Swap	Reducing a short position	5,228	97.893 p
Ordinary Shares	Swap	Reducing a short position	297	98.140 p
Ordinary Shares	Swap	Reducing a short position	1,660	97.998 p
Ordinary Shares	Swap	Reducing a short position	3,779	97.978 p
Ordinary Shares	Swap	Reducing a short position	2,590	97.922 p
Ordinary Shares	Swap	Reducing a short position	634	97.890 p
Ordinary Shares	Swap	Reducing a short position	1,636	97.893 p
Ordinary Shares	Swap	Reducing a short position	94	98.140 p
Ordinary Shares	Swap	Reducing a short position	518	97.998 p
Ordinary Shares	Swap	Reducing a short position	1,181	97.978 p
Ordinary Shares	Swap	Reducing a short position	810	97.922 p
Ordinary Shares	Swap	Reducing a short position	198	97.890 p
Ordinary Shares	Swap	Reducing a short position	3,607	97.893 p
Ordinary Shares	Swap	Reducing a short position	206	98.140 p
Ordinary Shares	Swap	Reducing a short position	1,145	97.998 p
Ordinary Shares	Swap	Reducing a short position	2,607	97.978 p
Ordinary Shares	Swap	Reducing a short position	1,785	97.922 p
Ordinary Shares	Swap	Reducing a short position	438	97.890 p
Ordinary Shares	Swap	Reducing a short position	1,114	97.893 p
Ordinary Shares	Swap	Reducing a short position	64	98.140 p
Ordinary Shares	Swap	Reducing a short position	353	97.998 p
Ordinary Shares	Swap	Reducing a short position	805	97.978 p
Ordinary Shares	Swap	Reducing a short position	552	97.922 p
Ordinary Shares	Swap	Reducing a short position	134	97.890 p
Ordinary Shares	Swap	Reducing a short position	6,729	97.893 p
Ordinary Shares	Swap	Reducing a short position	382	98.140 p
Ordinary Shares	Swap	Reducing a short position	2,137	97.998 p
Ordinary Shares	Swap	Reducing a short position	4,865	97.978 p
Ordinary Shares	Swap	Reducing a short position	3,333	97.922 p
Ordinary Shares	Swap	Reducing a short position	815	97.890 p
Ordinary Shares	Swap	Reducing a short position	5,547	97.893 p
Ordinary Shares	Swap	Reducing a short position	315	98.140 p
Ordinary Shares	Swap	Reducing a short position	1,761	97.998 p
Ordinary Shares	Swap	Reducing a short position	4,010	97.978 p
Ordinary Shares	Swap	Reducing a short position	2,748	97.922 p
Ordinary Shares	Swap	Reducing a short position	672	97.890 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:	23 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