1st Dec 2022 10:13
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: | 30 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 | 915,410
538,977 | 1.0430 GBP
1.0400 GBP | 1.0090 GBP
1.0090 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
| 3,730 21,292 68,105
3,412 982 53,155 16,770 14,042 51,574 8,335 39,506 5,476 702 53,334 9,587 18,339 36,199 1,852 4,085 62,656 78,772 2,736 4,085 62,656 12,031
12,891 6,224 934 1,943 2,783 3,098 507 288
507 2,463 1,044 1,539 18,963 5,627 64,475 110,785 30,135 92,684 33,387 20,103 31,432 84,010 78,770 3,617 286 19,642 3,596 3 1,413 12,279 15,777 2,736 8,276 43,105 10,745 4,079 4,085 62,656 12,031 288 | 1.0152 GBP 1.0214 GBP 1.0230 GBP
1.0127 GBP 1.0139 GBP 1.0150 GBP 1.0157 GBP 1.0163 GBP 1.0164 GBP 1.0180 GBP 1.0188 GBP 1.0191 GBP 1.0193 GBP 1.0195 GBP 1.0202 GBP 1.0211 GBP 1.0250 GBP 1.0260 GBP 1.0280 GBP 1.0370 GBP 20.7820 ZAR 20.7834 ZAR 20.9251 ZAR 21.0615 ZAR 21.1100 ZAR
1.0180 GBP 20.6428 ZAR 20.7142 ZAR 20.7878 ZAR 20.7991 ZAR 20.8093 ZAR 20.9002 ZAR 21.1600 ZAR
1.0090 GBP 1.0110 GBP 1.0116 GBP 1.0141 GBP 1.0144 GBP 1.0147 GBP 1.0149 GBP 1.0150 GBP 1.0157 GBP 1.0158 GBP 1.0163 GBP 1.0175 GBP 1.0182 GBP 1.0195 GBP 1.0221 GBP 1.0225 GBP 1.0271 GBP 1.0294 GBP 1.0379 GBP 1.0403 GBP 1.0430 GBP 20.6723 ZAR 20.7466 ZAR 20.7834 ZAR 20.7900 ZAR 20.7932 ZAR 20.8285 ZAR 20.8339 ZAR 20.9254 ZAR 21.0615 ZAR 21.1100 ZAR 21.1600 ZAR |
(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: | 1 December 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.
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