Form8.5(EPT/NON-RI)Capital&Counties Properties plc

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose relevant securities this form relates:

CAPITAL & COUNTIES PROPERTIES PLC

(c)

Name of the party to the offer with which exempt principal trader is connected

Capital & Counties Properties plc

(d)

Date position held/dealing undertaken:

26 Jan 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 the offer?

YES: SHAFTESBURY PLC

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

25p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

9,473,874

1.11%

7,342,612

0.86%

(2) Cash-settled derivatives:

7,459,050

0.88%

8,092,503

0.95%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

16,932,924

1.99%

15,435,115

1.81%

(b)

Rights to subscribe for new securities (including directors and other executive options)

Class of relevant security in relation to which subscription right exists

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

25p ordinary

Purchase

435430

1.1430 GBP

1.1250 GBP

25p ordinary

Sale

427249

1.1430 GBP

1.1229 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

25p ordinary

SWAP

Decreasing Long

216

1.1260 GBP

25p ordinary

CFD

Decreasing Long

277

1.1410 GBP

25p ordinary

SWAP

Decreasing Long

3,270

24.1747 ZAR

25p ordinary

CFD

Decreasing Long

22,024

1.1406 GBP

25p ordinary

SWAP

Decreasing Long

22,718

24.1908 ZAR

25p ordinary

SWAP

Decreasing Long

44,918

1.1355 GBP

25p ordinary

CFD

Decreasing Long

57,281

1.1260 GBP

25p ordinary

SWAP

Decreasing Long

114,831

1.1270 GBP

25p ordinary

CFD

Decreasing Short

195

24.1303 ZAR

25p ordinary

SWAP

Decreasing Short

646

1.1388 GBP

25p ordinary

SWAP

Decreasing Short

711

1.1322 GBP

25p ordinary

SWAP

Decreasing Short

1,222

1.1347 GBP

25p ordinary

SWAP

Decreasing Short

1,603

1.1323 GBP

25p ordinary

SWAP

Decreasing Short

1,603

1.1229 GBP

25p ordinary

SWAP

Decreasing Short

2,153

1.1376 GBP

25p ordinary

SWAP

Decreasing Short

2,176

1.1263 GBP

25p ordinary

SWAP

Decreasing Short

2,502

1.1308 GBP

25p ordinary

CFD

Decreasing Short

3,270

24.1681 ZAR

25p ordinary

SWAP

Decreasing Short

3,903

1.1380 GBP

25p ordinary

SWAP

Decreasing Short

4,061

1.1363 GBP

25p ordinary

SWAP

Decreasing Short

4,550

1.1259 GBP

25p ordinary

SWAP

Decreasing Short

6,000

1.1424 GBP

25p ordinary

CFD

Decreasing Short

22,718

24.1836 ZAR

25p ordinary

SWAP

Decreasing Short

32,360

1.1340 GBP

25p ordinary

CFD

Increasing Long

7,532

1.1420 GBP

25p ordinary

SWAP

Increasing Long

8,000

24.1875 ZAR

25p ordinary

SWAP

Increasing Long

9,321

23.6100 ZAR

25p ordinary

CFD

Increasing Long

12,662

1.1315 GBP

25p ordinary

CFD

Increasing Long

13,980

1.1378 GBP

25p ordinary

SWAP

Increasing Long

36,987

1.1387 GBP

25p ordinary

CFD

Increasing Long

98,379

1.1383 GBP

25p ordinary

CFD

Increasing Short

4,244

23.6164 ZAR

25p ordinary

CFD

Increasing Short

5,077

23.6194 ZAR

25p ordinary

CFD

Increasing Short

8,000

24.1947 ZAR

25p ordinary

SWAP

Increasing Short

26,500

1.1358 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings 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:

NONE

(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 of future acquisition or disposal of any relevant securities to which any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

27 Jan 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213