3rd Aug 2022 09:30
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: | 2 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 | 1,661,189
697,997 | 1.4950 GBP
1.4950 GBP | 1.4380 GBP
1.4330 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
| 7,859 2,578 2,539 2,296 1,997 496 3,246 496 1,114
3,875 275 437 21,764 103,990 1,315 34,264 950 1,809 21,908 24,037 4,018 4,378 879 2,737 1,239 325 23 121 8,938 3,246 3,875
30,442 200,892 1,020 3,543 3,076 1,715 15,730 2,503 21,349 7,984 2,768
201 1,644 12,729 2,127 4,002 10,876 32 18,179 1,029 648 736,304 210 123 4,647 5 2,867 25,619 34 6,371 38 709 30,903 544 1 200 3,875 34,464 21,349 3,875
16
16,797 2,528 555,137 | 1.4432 GBP 1.4489 GBP 29.1149 ZAR 29.1333 ZAR 29.1628 ZAR 29.1800 ZAR 29.2500 ZAR 29.2900 ZAR 29.3798 ZAR
1.4394 GBP 1.4399 GBP 1.4400 GBP 1.4404 GBP 1.4430 GBP 1.4442 GBP 1.4470 GBP 1.4485 GBP 1.4494 GBP 1.4509 GBP 1.4510 GBP 1.4511 GBP 1.4533 GBP 1.4535 GBP 1.4540 GBP 1.4553 GBP 1.4565 GBP 1.4578 GBP 1.4772 GBP 29.1764 ZAR 29.2462 ZAR 29.7000 ZAR
1.4389 GBP 1.4402 GBP 29.0410 ZAR 29.0598 ZAR 29.1100 ZAR 29.1199 ZAR 29.1206 ZAR 29.1638 ZAR 29.1743 ZAR 29.2034 ZAR 29.2259 ZAR
1.4385 GBP 1.4386 GBP 1.4388 GBP 1.4390 GBP 1.4406 GBP 1.4419 GBP 1.4421 GBP 1.4425 GBP 1.4428 GBP 1.4429 GBP 1.4430 GBP 1.4431 GBP 1.4435 GBP 1.4441 GBP 1.4443 GBP 1.4450 GBP 1.4455 GBP 1.4471 GBP 1.4472 GBP 1.4475 GBP 1.4490 GBP 1.4510 GBP 1.4520 GBP 1.4630 GBP 1.4670 GBP 29.0923 ZAR 29.1453 ZAR 29.1743 ZAR 29.7000 ZAR
1.4950 GBP
1.4456 GBP 1.4460 GBP 1.4510 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: | 3 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.
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