UBS AG Discloses Significant Trading Activity in ENN Energy Holdings Shares

Date: 26 February 2026
Subject: Public Disclosure of Share Dealings in ENN Energy Holdings Limited

Key Points from the Report

• Privatisation Scheme: The disclosure comes as ENN Energy Holdings Limited is undergoing a privatisation process by way of a scheme of arrangement.
• UBS AG Trading Activity: UBS AG, an exempt principal trader connected with ENN Energy, reported multiple trades in the company’s ordinary shares on 25 February 2026.
• Nature of Transactions:
  • Trades were executed as part of hedging activities related to Delta 1 products, which were created due to wholly unsolicited client-driven orders.
  • Some trades involved the closing, flattening, or unwinding of proprietary positions that arose from these unsolicited client-driven dealings, all completed no later than the close of the morning trading session after the originating trade.
  • Additional purchases were triggered by the redemption of pre-existing index-tracking ETFs due to unsolicited client requests.
• Detailed Trade Data:
  • Purchases:
    • 44,300 shares bought for a total of \$3,039,780.01 at a price of \$68.6181 each.
    • 12,900 shares bought for \$884,745.00, prices ranging between \$68.3500 and \$68.6500.
    • 21,300 shares bought for \$1,462,245.00 at \$68.6500 per share.
  • Sales:
    • 7,900 shares sold for \$541,125.00, with prices between \$68.4369 and \$68.5649.
• UBS AG Status: UBS AG is ultimately owned by UBS Group AG and is acting for its own account.

Potential Price-Sensitive Information for Shareholders

• Privatisation Context: The trading and hedging activities were related to unsolicited client orders, and the volume of shares involved is substantial, which may influence liquidity and short-term price volatility in ENN Energy Holdings shares.
• Hedging and ETF Redemptions: These activities, though driven by client demand and not proprietary speculation, could impact market pricing, especially in the context of a privatisation scheme where share price stability is often scrutinized.
• No Evidence of Market Manipulation: The report confirms that all proprietary positions were closed expeditiously, indicating compliance with regulatory norms and minimizing potential pricing distortions.

Implications for Investors

Investors should monitor ENN Energy Holdings’ share price closely in the coming days, as the disclosed trades by UBS AG—particularly in the context of the ongoing privatisation process—could lead to increased volatility. While the trades were primarily hedging and client-driven, the aggregate volume is significant compared to typical market activity, which may attract attention and potentially influence pricing dynamics.

The fact that these activities are connected to a major investment bank acting in its own capacity and in compliance with disclosure rules should provide some confidence, but ongoing vigilance is warranted given the sensitive timing with the privatisation scheme underway.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult professionals before making investment decisions. The information herein is based on publicly disclosed filings and may be subject to change.

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