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:	30 September 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	3,274,490	95.950 p	95.000 p
Ordinary Shares	Sale	808,064	95.950 p	95.000 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	Opening a short Position	208,487	95.099 p
Ordinary shares	Swap	Reducing a short position	12,000	95.000 p
Ordinary shares	Swap	Opening a short Position	133,052	95.099 p
Ordinary shares	Swap	Opening a short Position	16,060	95.099 p
Ordinary shares	Swap	Reducing a long position	810,671	95.400 p
Ordinary shares	Swap	Reducing a long position	9,371	95.002 p
Ordinary shares	Swap	Reducing a long position	3,102	95.760 p
Ordinary shares	Swap	Reducing a long position	16,511	95.540 p
Ordinary shares	Swap	Reducing a long position	4,518	95.371 p
Ordinary shares	Swap	Reducing a long position	25,692	95.320 p
Ordinary shares	Swap	Reducing a long position	324	95.301 p
Ordinary shares	Swap	Reducing a long position	174	95.203 p
Ordinary shares	Swap	Reducing a long position	188,961	95.400 p
Ordinary shares	Swap	Reducing a long position	2,184	95.002 p
Ordinary shares	Swap	Reducing a long position	723	95.760 p
Ordinary shares	Swap	Reducing a long position	3,848	95.540 p
Ordinary shares	Swap	Reducing a long position	1,053	95.371 p
Ordinary shares	Swap	Reducing a long position	5,990	95.320 p
Ordinary shares	Swap	Reducing a long position	76	95.301 p
Ordinary shares	Swap	Reducing a long position	41	95.203 p
Ordinary shares	Swap	Reducing a long position	98,540	95.400 p
Ordinary shares	Swap	Reducing a long position	445	95.760 p
Ordinary shares	Swap	Reducing a long position	2,352	95.540 p
Ordinary shares	Swap	Reducing a long position	276	95.371 p
Ordinary shares	Swap	Reducing a long position	1,779	95.320 p
Ordinary shares	Swap	Reducing a long position	46	95.301 p
Ordinary shares	Swap	Reducing a long position	124,645	95.400 p
Ordinary shares	Swap	Reducing a long position	1,447	95.002 p
Ordinary shares	Swap	Reducing a long position	480	95.760 p
Ordinary shares	Swap	Reducing a long position	2,550	95.540 p
Ordinary shares	Swap	Reducing a long position	698	95.371 p
Ordinary shares	Swap	Reducing a long position	3,816	95.320 p
Ordinary shares	Swap	Reducing a long position	49	95.301 p
Ordinary shares	Swap	Reducing a long position	10,494	95.400 p
Ordinary shares	Swap	Reducing a long position	181	95.002 p
Ordinary shares	Swap	Reducing a long position	58	95.760 p
Ordinary shares	Swap	Reducing a long position	313	95.540 p
Ordinary shares	Swap	Reducing a long position	36	95.370 p
Ordinary shares	Swap	Reducing a long position	366	95.319 p
Ordinary shares	Swap	Reducing a long position	6	95.301 p
Ordinary shares	Swap	Reducing a long position	97,372	95.400 p
Ordinary shares	Swap	Reducing a long position	1,128	95.002 p
Ordinary shares	Swap	Reducing a long position	373	95.760 p
Ordinary shares	Swap	Reducing a long position	1,984	95.540 p
Ordinary shares	Swap	Reducing a long position	540	95.371 p
Ordinary shares	Swap	Reducing a long position	3,083	95.319 p
Ordinary shares	Swap	Reducing a long position	38	95.301 p
Ordinary shares	Swap	Reducing a long position	19	95.203 p
Ordinary shares	Swap	Reducing a long position	27,168	95.400 p
Ordinary shares	Swap	Reducing a long position	369	95.002 p
Ordinary shares	Swap	Reducing a long position	123	95.760 p
Ordinary shares	Swap	Reducing a long position	653	95.540 p
Ordinary shares	Swap	Reducing a long position	76	95.371 p
Ordinary shares	Swap	Reducing a long position	761	95.319 p
Ordinary shares	Swap	Reducing a long position	12	95.301 p
Ordinary shares	Swap	Reducing a long position	117,522	95.400 p
Ordinary shares	Swap	Reducing a long position	1,359	95.002 p
Ordinary shares	Swap	Reducing a long position	450	95.760 p
Ordinary shares	Swap	Reducing a long position	2,396	95.540 p
Ordinary shares	Swap	Reducing a long position	654	95.372 p
Ordinary shares	Swap	Reducing a long position	3,722	95.320 p
Ordinary shares	Swap	Reducing a long position	46	95.301 p
Ordinary shares	Swap	Reducing a long position	24	95.203 p
Ordinary shares	Swap	Reducing a long position	212,664	95.400 p
Ordinary shares	Swap	Reducing a long position	3,352	95.002 p
Ordinary shares	Swap	Reducing a long position	1,111	95.760 p
Ordinary shares	Swap	Reducing a long position	5,906	95.540 p
Ordinary shares	Swap	Reducing a long position	690	95.371 p
Ordinary shares	Swap	Reducing a long position	6,895	95.320 p
Ordinary shares	Swap	Reducing a long position	116	95.301 p
Ordinary shares	Swap	Reducing a long position	129,967	95.401 p
Ordinary shares	Swap	Reducing a long position	1,583	95.002 p
Ordinary shares	Swap	Reducing a long position	525	95.760 p
Ordinary shares	Swap	Reducing a long position	2,790	95.540 p
Ordinary shares	Swap	Reducing a long position	326	95.371 p
Ordinary shares	Swap	Reducing a long position	3,257	95.320 p
Ordinary shares	Swap	Reducing a long position	55	95.301 p
Ordinary shares	Swap	Reducing a long position	158,249	95.400 p
Ordinary shares	Swap	Reducing a long position	1,829	95.002 p
Ordinary shares	Swap	Reducing a long position	605	95.760 p
Ordinary shares	Swap	Reducing a long position	3,223	95.540 p
Ordinary shares	Swap	Reducing a long position	883	95.371 p
Ordinary shares	Swap	Reducing a long position	5,016	95.320 p
Ordinary shares	Swap	Reducing a long position	63	95.301 p
Ordinary shares	Swap	Reducing a long position	34	95.203 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:	01 October 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