UBS AG Discloses Significant Dealings in ENN Energy Holdings Limited Shares Amid Privatisation Scheme

Key Points for Investors

• Date of Disclosure: 10 March 2026
• Subject Company: ENN Energy Holdings Limited
• Context: Privatisation by way of scheme of arrangement, with public disclosure under Hong Kong Code on Takeovers and Mergers (Rule 22)
• Disclosing Party: UBS AG, an exempt principal trader connected with ENN Energy Holdings Limited
• Nature of Dealings: Both purchase and sale transactions of ENN Energy ordinary shares, primarily for hedging and client facilitation purposes
• Potential Price Sensitivity: Substantial volume of transactions and price points disclosed; may influence short-term share price movements

Detailed Transaction Summary

On 9 March 2026, UBS AG executed multiple transactions in ENN Energy Holdings Limited’s ordinary shares, as part of routine hedging and client facilitation activities:

• Purchase Transaction:
  • Volume: 143,300 ordinary shares
  • Total Amount Paid: \$9,654,284.94
  • Price per Share: \$67.3711 (single price point for this transaction)
  • Nature: Hedging of Delta 1 products created as a result of wholly unsolicited client-driven orders
• Sale Transactions:
  • First Sale:
    • Volume: 2,800 ordinary shares
    • Total Amount Received: \$188,752.53
    • Price per Share: \$67.4116
    • Nature: Hedging of Delta 1 products from wholly unsolicited client-driven orders
  • Second Sale (Client Facilitation):
    • Volume: 800 ordinary shares
    • Total Amount Received: \$53,990.00
    • Highest Price per Share: \$67.60
    • Lowest Price per Share: \$67.45
    • Nature: Client facilitation trades arising from wholly unsolicited client-driven orders. UBS AG confirms that any resultant proprietary positions will be flattened no later than the close of the morning trading session the next trading day. This is important for investors as it means UBS is not taking directional positions for its own risk.

Important Information for Shareholders

• Privatisation Context: The transactions occur amid an ongoing privatisation scheme of ENN Energy Holdings Limited. Such schemes can significantly impact the company’s valuation and share price volatility.
• UBS AG Trading Activity: UBS AG’s notable trading volumes, particularly the purchase of over 143,000 shares, could signal institutional confidence or hedging needs related to the privatisation. Large institutional flows may affect share liquidity and near-term price movements.
• Price Points: All transactions were conducted in a tight price range between \$67.37 and \$67.60 per share. These prices could serve as reference points for investors assessing short-term trading levels or evaluating the potential offer price in the privatisation scheme.
• No Directional Bets: UBS AG confirms that proprietary positions from client facilitation will be neutralised by the next morning session, reducing the risk of the firm influencing the share price through directional trades.
• Regulatory Disclosure: The disclosure under Rule 22 of the Hong Kong Code on Takeovers and Mergers provides transparency at a sensitive time for ENN Energy’s shareholders.

Ownership and Regulatory Status

• UBS AG is an exempt principal trader and is ultimately owned by UBS Group AG.
• All dealings disclosed were made for UBS AG’s own account.

Potential Impact on Share Price

The disclosed transactions are material due to their size and timing during a privatisation process. Investors should monitor for further disclosures and any new developments in the scheme of arrangement, as large institutional activity or changes in trading patterns can be price-sensitive. Furthermore, the disclosed price range may act as an informal reference for market participants evaluating the potential outcome of the privatisation.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult professional advisors before making any investment decisions. The author and publisher are not responsible for any losses arising from reliance on the information provided above.

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