UBS AG trades ENN Energy shares amid privatization

The Securities and Futures Commission (SFC) disclosed dealings in ENN Energy Holdings Limited shares by UBS AG on October 9, 2025. This activity is part of a privatization by way of scheme of arrangement. These dealings were made by UBS AG, an exempt principal trader connected with the offeree company, for its own account and ultimately owned by UBS Group AG.

On October 8, 2025, UBS AG made both purchase and sale transactions involving ENN Energy ordinary shares. A total of 29,300 shares were purchased at a highest and lowest price of $63.4889 per share, amounting to a total value of $1,860,225.0044. These purchases were described as hedging for Delta 1 products arising from unsolicited client-driven orders.

Concurrently, UBS AG sold 22,600 ordinary shares for a total of $1,433,970.0000, with both the highest and lowest prices recorded at $63.4500 per share. These sales were identified as client facilitation trades originating from unsolicited client-driven orders by a desk independent of the group's proprietary trading desk, with a commitment to flatten resultant proprietary positions by the close of the next morning trading session.