22nd Aug 2022 11:10
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: | 19 August 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 | 2,258,898
1,172,182 | 1.3413 GBP
1.3430 GBP | 1.3080 GBP
1.3079 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 Long Position
Opening a Short Position
| 913,000 31,582 19,746 2,855 3,166 9,556 24,290 810 5,319 847 3,143 1,730 860 6,346 256 6,245 4,851
11,865 14,512 509 969 7,504 1,261 3,155 86,945 7,135 49 9,952 1,480 3,063 7,151 41,204 42,470 39,315 513 6,346
20,264 5,339 3,155 630 64 2,000
94,816 72,538 3,500 20,001 71,444 946 1,322 8,331 6,333 42,470 1,150 31 3,155 8,033 39,315 513
1,884 513
915 513 | 1.3200 GBP 1.3348 GBP 26.4900 ZAR 26.5096 ZAR 26.5317 ZAR 26.6230 ZAR 26.6298 ZAR 26.7122 ZAR 26.7369 ZAR 26.7696 ZAR 26.8300 ZAR 26.8931 ZAR 26.9400 ZAR 26.9675 ZAR 26.9800 ZAR 27.0399 ZAR 27.0828 ZAR
1.3079 GBP 1.3080 GBP 1.3150 GBP 1.3193 GBP 1.3214 GBP 1.3229 GBP 1.3248 GBP 1.3310 GBP 1.3317 GBP 1.3343 GBP 1.3368 GBP 1.3390 GBP 1.3412 GBP 1.3421 GBP 26.6438 ZAR 26.6974 ZAR 26.7600 ZAR 26.9187 ZAR 26.9675 ZAR
1.3278 GBP 26.5526 ZAR 26.6300 ZAR 26.7700 ZAR 26.8000 ZAR 26.9000 ZAR
1.3080 GBP 1.3085 GBP 1.3155 GBP 1.3179 GBP 1.3180 GBP 1.3190 GBP 1.3191 GBP 1.3202 GBP 1.3213 GBP 1.3272 GBP 1.3340 GBP 1.3390 GBP 26.6304 ZAR 26.6584 ZAR 26.7600 ZAR 27.0312 ZAR
1.3080 GBP 27.0312 ZAR
1.3080 GBP 26.9187 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: | 22 August 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