6th Feb 2023 11:15
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: | 3 February 2023 |
(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 | 994,545
1,344,507 | 1.2470 GBP
1.2480 GBP | 1.2270 GBP
1.2279 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
| 3,339 19,378 3,531 40,207 145 40,207 1,724 2,224 135 979 220 63
310 3,823 9,586 3,624 2,852 1,321 65,523 25,584 10,543 226 1,655 15,640 4,667 149 29,054 50,260 1,202 909 22,750 2,623 3,592 876 217 612 169 13,009 183 2,235 5,490
4,060 8,188 40,215 65,869 114,842 77 40,207 63 13,213 18,886 3,266 1,519 3,260
7 682 1,795 44,062 4,593 4,600 8,877 17,118 6,310 629 | 1.2352 GBP 1.2373 GBP 1.2470 GBP 25.2700 ZAR 25.7800 ZAR 25.8596 ZAR 25.8797 ZAR 25.9150 ZAR 25.9800 ZAR 26.0743 ZAR 26.0837 ZAR 26.1427 ZAR
1.2279 GBP 1.2297 GBP 1.2322 GBP 1.2336 GBP 1.2345 GBP 1.2346 GBP 1.2349 GBP 1.2350 GBP 1.2358 GBP 1.2364 GBP 1.2370 GBP 1.2377 GBP 1.2378 GBP 1.2380 GBP 1.2400 GBP 1.2403 GBP 1.2404 GBP 1.2409 GBP 1.2411 GBP 1.2412 GBP 1.2420 GBP 1.2422 GBP 1.2424 GBP 1.2425 GBP 1.2426 GBP 1.2435 GBP 1.2439 GBP 1.2470 GBP 25.9351 ZAR
1.2371 GBP 1.2378 GBP 1.2389 GBP 1.2398 GBP 1.2402 GBP 1.2409 GBP 25.2700 ZAR 25.7800 ZAR 25.7882 ZAR 25.8385 ZAR 25.9728 ZAR 26.0200 ZAR 26.0800 ZAR
1.2300 GBP 1.2327 GBP 1.2339 GBP 1.2350 GBP 1.2365 GBP 1.2369 GBP 1.2374 GBP 1.2398 GBP 1.2418 GBP 1.2421 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: | 6 February 2023 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
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