17th Nov 2022 10:26
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: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Capital & Counties Properties plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Shaftesbury plc |
(d) Date dealing undertaken: | 16 November 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" | Yes, Shaftesbury plc |
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 | Purchase
Sale | 633,203
705,054 | 1.1040 GBP
1.1040 GBP | 1.0690 GBP
1.0690 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 | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Short Position | 12,005 1 1,818 844 8,863 7,930 4,053 3,954 3,934 1,676 3,916 867 93
4,359 816 1,650 108 19,699 7,255 25,039 5,881 49,225 3,767 1,398 6,055 803 10,385 35 62 729 26,423 26,681 26,423
6 8,269 22,485 3,163 1,693 1,128 1,692 207 564 564 382
3,738 3,909 8,238 8,673 5,875 26,423 1,212 2,901 20,732 796 26,681 9,393 26,423
1 | 1.0710 GBP 1.0730 GBP 1.0742 GBP 1.0754 GBP 1.0760 GBP 21.9355 ZAR 22.0000 ZAR 22.0127 ZAR 22.0970 ZAR 22.1400 ZAR 22.1900 ZAR 22.3448 ZAR 22.6200 ZAR
1.0698 GBP 1.0719 GBP 1.0727 GBP 1.0731 GBP 1.0740 GBP 1.0754 GBP 1.0759 GBP 1.0780 GBP 1.0781 GBP 1.0782 GBP 1.0793 GBP 1.0806 GBP 1.0820 GBP 1.0835 GBP 1.0838 GBP 1.0851 GBP 1.0853 GBP 22.0472 ZAR 22.0621 ZAR 23.0300 ZAR
1.0703 GBP 1.0760 GBP 1.0765 GBP 21.9729 ZAR 22.0000 ZAR 22.0250 ZAR 22.1400 ZAR 22.1600 ZAR 22.2500 ZAR 22.2700 ZAR 22.5100 ZAR
1.0700 GBP 1.0712 GBP 1.0740 GBP 1.0741 GBP 1.0747 GBP 1.0759 GBP 1.0770 GBP 1.0771 GBP 1.0791 GBP 1.0800 GBP 22.0621 ZAR 22.0786 ZAR 23.0300 ZAR
1.1040 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
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| Date of disclosure: | 17 November 2022 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
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.
Related Shares:
CAPC.L