Key Highlights from Public Disclosure Form: UBS AG Dealings in ENN Energy Holdings Limited

Privatisation Scheme & Securities Dealings

On 25 February 2026, a public disclosure was made regarding privatisation by way of scheme of arrangement involving ENN Energy Holdings Limited. This disclosure complies with Rule 22 of the Hong Kong Code on Takeovers and Mergers, indicating the importance of transparency during significant corporate events such as privatisation.

UBS AG’s Role and Transaction Details

• Party Involved: UBS AG, acting as an exempt principal trader connected with ENN Energy Holdings (the Offeree company).
• Date of Transaction: 24 February 2026
• Nature of Dealings: UBS AG engaged in the purchase of ordinary shares as part of hedging Delta 1 products. These products were created purely as a result of wholly unsolicited, client-driven orders.
• Transaction Type: Purchase of ENN Energy Holdings ordinary shares
• Total Shares Purchased: 105,400 shares
• Total Amount Paid: \$7,245,705.04
• Highest Price Paid: \$68.7542 per share
• Lowest Price Paid: \$68.6619 per share
• UBS AG Ownership: UBS AG is ultimately owned by UBS Group AG.
• Dealings for Own Account: All transactions were made for UBS AG’s own account.

Implications for Shareholders and Price Sensitivity

Investors and shareholders should note:

• The purchase of a significant block of shares (105,400) in a single day by a major financial institution, especially during a privatisation process, may indicate increased interest or confidence in ENN Energy Holdings’ outlook.
• Transactions were driven by unsolicited client orders, suggesting underlying demand and possibly heightened market activity or anticipation surrounding the privatisation scheme.
• The close price range (\$68.6619–\$68.7542) reflects a stable trading environment but also suggests that these purchases could provide support for the share price in the short term.
• As UBS AG is an exempt principal trader connected with the Offeree, their activity could be seen as significant. Principal traders often act on behalf of sophisticated clients who may have views or information about corporate events.
• The disclosure’s timing—just ahead of or during the privatisation scheme—could be interpreted as a sign of market confidence or anticipation of corporate changes that may affect ENN Energy Holdings’ valuation.

Potential Impact on Share Price

This activity is newsworthy and may impact ENN Energy Holdings’ share price:

• The acquisition of shares by UBS AG as part of hedging activities could increase liquidity and potentially support the share price during the privatisation process.
• Investors should monitor further disclosures and developments regarding the scheme of arrangement, as institutional activity often precedes substantial corporate changes.

Conclusion

The disclosure reveals that UBS AG’s significant purchase of ENN Energy Holdings shares, linked to unsolicited client-driven hedging activities, comes at a time when the company is undergoing privatisation. This transaction could signal market confidence and serve as a price-sensitive event, making it crucial for shareholders and investors to watch for further developments and disclosures.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisors before making any investment decisions. The information is based on publicly disclosed documents and may not reflect all relevant developments.

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