UBS AG Discloses Significant Dealings in ENN Natural Gas Co Ltd Shares Amid Privatisation Scheme

Key Highlights

• Date of Disclosure: 9 March 2026
• Subject: Dealings in shares of ENN Natural Gas Co Ltd by UBS AG, as part of disclosure requirements under the Hong Kong Code on Takeovers and Mergers
• Context: Privatisation of ENN Natural Gas Co Ltd by way of scheme of arrangement
• Principal Trader: UBS AG, acting as an exempt principal trader connected with the Offeree company

Detailed Report on Dealings

Investors should take note of a series of significant transactions in the shares of ENN Natural Gas Co Ltd conducted by UBS AG on 6 March 2026. These dealings were reported as part of the regulatory disclosure related to the ongoing privatisation of ENN Natural Gas Co Ltd.

• Hedging Transactions:
  • UBS AG executed purchases and sales as part of hedging activities connected to Delta 1 products and other equity-related products. These were driven by wholly unsolicited client orders, indicating active trading and hedging during a sensitive period for the stock.
  • Specifically, the transactions included:
    • Purchase of 43,500 ordinary shares for a total of \$926,772.9957, with prices ranging from \$21.2013 to \$21.3745 per share.
    • Sale of 5,500 ordinary shares totaling \$117,149.9987, at prices between \$21.2650 and \$21.3229 per share.
    • Sale of 600 shares referenced to a basket or index, totaling \$12,783.0000, at prices between \$21.2900 and \$21.3200 per share.
    • Sale of 2,300 ordinary shares in hedging activities for \$48,914.0000, with a price range from \$21.0900 to \$21.5800 per share.
    • Substantial purchase of 279,600 ordinary shares, valued at \$5,945,577.9923, with prices from \$21.0800 to \$21.4113 per share.
    • Significant sale of 465,100 shares for \$9,912,936.0678, at prices ranging from \$21.1900 to \$21.3914 per share.
• UBS AG’s Role:
  • UBS AG is acting as an exempt principal trader and is connected to the Offeree company. All dealings were conducted for UBS AG’s own account.
  • UBS AG is ultimately owned by UBS Group AG.
  • The shares involved were A shares of ENN Natural Gas Co Ltd, and transactions were conducted in RMB.

Implications for Shareholders

• Potential Price Sensitivity:
  • The scale of the transactions—particularly the large volume of shares both purchased and sold by UBS AG—could signal significant liquidity and volatility in ENN Natural Gas shares, especially in the context of the company’s ongoing privatisation process.
  • As these trades were executed in connection with hedging for client-driven orders, investors should remain alert to the possibility of increased market activity or price swings, which may be directly or indirectly related to the outcome of the privatisation scheme.
• Regulatory and Strategic Context:
  • The disclosure of these dealings is mandated under Rule 22 of the Hong Kong Code on Takeovers and Mergers, highlighting a heightened period of scrutiny and transparency for ENN Natural Gas as it undergoes a potential change in ownership structure.
  • Such disclosures are closely watched by institutional and retail investors and could impact sentiment regarding the likely success or terms of the privatisation scheme.

What Investors Should Watch For

• Monitor further disclosures from principal traders, as substantial shifts in shareholdings or derivatives positions could offer clues to market sentiment and the privatisation process outcome.
• Watch for any changes in the privatisation timeline, terms, or regulatory clearance that could cause significant moves in ENN Natural Gas Co Ltd’s share price.
• Stay alert for additional hedging or trading activities by major institutions, as these may affect short-term price movements and overall liquidity.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult with a financial advisor before making investment decisions. The information contained herein is based on regulatory filings and may be subject to change.

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