Barclays Regulatory News (BARC)

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:

SHAFTESBURY 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:

28 Feb 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: CAPITAL & COUNTIES PROPERTIES 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:

1,763,394

0.46%

368,363

0.10%

(2) Cash-settled derivatives:

206,421

0.05%

1,729,709

0.45%

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

97,351

0.025%

0

0.00%

TOTAL: 

2,067,166

0.54%

2,098,072

0.55%

(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

199938

4.1874 GBP

4.1646 GBP

25p ordinary

Sale

49168

4.1920 GBP

4.1478 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

Closing Long

824

4.1478 GBP

25p ordinary

SWAP

Decreasing Short

225

4.1460 GBP

25p ordinary

SWAP

Decreasing Short

242

4.1860 GBP

25p ordinary

SWAP

Decreasing Short

870

4.1741 GBP

25p ordinary

SWAP

Decreasing Short

1,222

4.1848 GBP

25p ordinary

SWAP

Decreasing Short

3,710

4.1840 GBP

25p ordinary

SWAP

Decreasing Short

9,999

4.1792 GBP

25p ordinary

SWAP

Increasing Long

3,522

4.1742 GBP

25p ordinary

SWAP

Increasing Short

116

4.1838 GBP

25p ordinary

SWAP

Increasing Short

2,496

4.1696 GBP

25p ordinary

SWAP

Increasing Short

14,952

4.1723 GBP

25p ordinary

SWAP

Increasing Short

17,471

4.1821 GBP

25p ordinary

SWAP

Increasing Short

131,862

4.1836 GBP

25p ordinary

SWAP

Opening Long

9

4.1822 GBP

25p ordinary

CFD

Opening Long

6,007

4.1854 GBP

25p ordinary

SWAP

Opening Short

267

4.1900 GBP

25p ordinary

SWAP

Opening Short

345

4.1492 GBP

25p ordinary

SWAP

Opening Short

473

4.1503 GBP

25p ordinary

SWAP

Opening Short

2,128

4.1840 GBP

25p ordinary

SWAP

Opening Short

5,075

4.1855 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

25p ordinary

Convertible Bond

Long

13907.2

n/a

n/a

30 Mar 2026

89.4000 GBP

25p ordinary

Convertible Bond

Short

13907.2

n/a

n/a

30 Mar 2026

89.4000 GBP

(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?

Yes

Date of disclosure:

01 Mar 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO

PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1

KEY INFORMATION

Identity of the person whose positions/dealings

BARCLAYS CAPITAL SECURITIES LTD

are being disclosed:

Name of offeror/offeree in relation to whose

SHAFTESBURY PLC

relevant securities this from relates:

2

OPTIONS AND DERIVATIVES

Class

Product

Writing,

Number

Exercise

Type

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

relates

25p ordinary

Exchangeable Bond

Long

97,351

n/a

n/a

30-Mar-26

3

AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully

understood: