25th Jul 2022 10:31
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the Code)
1. KEY INFORMATION
(a) Name of exempt principal trader: | UBS Investment Bank, London |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Capital And Counties Properties plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Capital And Counties Properties plc |
(d) Date dealing undertaken: | 22 July 2022 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | NO |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
25p ordinary | Buy
| 1774856 | 1.49460 GBP | 1.47000 GBP |
25p ordinary | Sell
| 1017279 | 1.49400 GBP | 1.47000 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
25p ordinary | CFD
| Long | 8073 | 1.485596 GBP |
25p ordinary | CFD
| Long | 5550 | 1.482493 GBP |
25p ordinary | CFD
| Long | 3445 | 1.487857 GBP |
25p ordinary | CFD
| Long | 14100 | 1.489 GBP |
25p ordinary | CFD
| Long | 1 | 1.4845 GBP |
25p ordinary | CFD
| Long | 5960 | 29.96111074 ZAR |
25p ordinary | CFD
| Long | 1253 | 30.0864166 ZAR |
25p ordinary | CFD
| Long | 3774 | 1.49002 GBP |
25p ordinary | CFD
| Short | 91835 | 1.48763401753144 GBP |
25p ordinary | CFD
| Short | 322452 | 1.489 GBP |
25p ordinary | CFD
| Short | 87513 | 1.488034 GBP |
25p ordinary | CFD
| Short | 25562 | 1.48825209295047 GBP |
25p ordinary | CFD
| Short | 1758 | 1.487 GBP |
25p ordinary | CFD
| Short | 2481 | 1.486701 GBP |
25p ordinary | CFD
| Short | 5956 | 1.48907445 GBP |
25p ordinary | CFD
| Short | 3207 | 1.488754 GBP |
25p ordinary | CFD
| Short | 101635 | 1.48543626 GBP |
25p ordinary | CFD
| Short | 38153 | 1.4858 GBP |
25p ordinary | CFD
| Short | 80721 | 1.484866 GBP |
25p ordinary | CFD
| Short | 9590 | 1.47976434 GBP |
25p ordinary | CFD
| Short | 93 | 1.489032 GBP |
25p ordinary | CFD
| Short | 3349 | 1.487711 GBP |
25p ordinary | CFD
| Short | 3258 | 1.4891489 GBP |
25p ordinary | CFD
| Short | 5960 | 29.96111074 ZAR |
25p ordinary | CFD
| Short | 2437 | 1.4766848584325 GBP |
25p ordinary | CFD
| Short | 2118 | 1.47668224740321 GBP |
25p ordinary | CFD
| Short | 1253 | 30.0864166 ZAR |
25p ordinary | CFD
| Short | 222 | 1.486 GBP |
25p ordinary | CFD
| Short | 66 | 1.489091 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none " |
None
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(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None |
| Date of disclosure: | 25 July 2022 |
| Contact name: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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