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:

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:

03 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: 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:

9,155,330

1.08%

7,325,300

0.86%

(2) Cash-settled derivatives:

7,493,036

0.88%

7,731,867

0.91%

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

0

0.00%

0

0.00%

TOTAL: 

16,648,366

1.96%

15,057,167

1.77%

(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

306896

1.2470 GBP

1.2305 GBP

25p ordinary

Sale

493514

1.2470 GBP

1.2303 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

681

25.9661 ZAR

25p ordinary

SWAP

Decreasing Long

690

25.9660 ZAR

25p ordinary

SWAP

Decreasing Long

772

1.2350 GBP

25p ordinary

SWAP

Decreasing Long

1,091

25.9667 ZAR

25p ordinary

SWAP

Decreasing Long

4,004

25.9671 ZAR

25p ordinary

CFD

Decreasing Long

4,053

1.2469 GBP

25p ordinary

SWAP

Decreasing Long

4,992

25.9662 ZAR

25p ordinary

SWAP

Decreasing Long

5,627

25.9167 ZAR

25p ordinary

SWAP

Decreasing Long

8,868

25.9672 ZAR

25p ordinary

CFD

Decreasing Long

13,651

1.2384 GBP

25p ordinary

SWAP

Decreasing Long

35,793

1.2394 GBP

25p ordinary

CFD

Decreasing Long

62,170

1.2413 GBP

25p ordinary

SWAP

Decreasing Long

63,791

26.0040 ZAR

25p ordinary

SWAP

Decreasing Short

431

1.2439 GBP

25p ordinary

CFD

Decreasing Short

474

25.9496 ZAR

25p ordinary

SWAP

Decreasing Short

618

1.2425 GBP

25p ordinary

SWAP

Decreasing Short

1,178

1.2399 GBP

25p ordinary

SWAP

Decreasing Short

2,306

1.2427 GBP

25p ordinary

SWAP

Decreasing Short

2,489

1.2335 GBP

25p ordinary

SWAP

Decreasing Short

3,072

1.2364 GBP

25p ordinary

SWAP

Decreasing Short

3,200

1.2386 GBP

25p ordinary

CFD

Decreasing Short

5,627

25.9096 ZAR

25p ordinary

SWAP

Decreasing Short

6,682

1.2349 GBP

25p ordinary

SWAP

Decreasing Short

12,809

1.2303 GBP

25p ordinary

SWAP

Decreasing Short

17,636

1.2341 GBP

25p ordinary

SWAP

Decreasing Short

28,093

1.2446 GBP

25p ordinary

SWAP

Decreasing Short

45,295

1.2405 GBP

25p ordinary

CFD

Decreasing Short

63,791

25.9962 ZAR

25p ordinary

CFD

Increasing Long

835

1.2419 GBP

25p ordinary

CFD

Increasing Long

2,011

1.2385 GBP

25p ordinary

SWAP

Increasing Long

2,280

25.4105 ZAR

25p ordinary

SWAP

Increasing Long

2,408

25.7800 ZAR

25p ordinary

SWAP

Increasing Long

6,678

1.2343 GBP

25p ordinary

SWAP

Increasing Long

8,233

25.8592 ZAR

25p ordinary

SWAP

Increasing Long

10,125

1.2350 GBP

25p ordinary

CFD

Increasing Long

15,440

1.2350 GBP

25p ordinary

CFD

Increasing Long

26,514

1.2393 GBP

25p ordinary

SWAP

Increasing Long

28,135

25.8654 ZAR

25p ordinary

SWAP

Increasing Long

60,525

1.2415 GBP

25p ordinary

CFD

Increasing Long

131,432

1.2394 GBP

25p ordinary

SWAP

Increasing Short

2,000

1.2413 GBP

25p ordinary

CFD

Increasing Short

2,280

25.4174 ZAR

25p ordinary

CFD

Increasing Short

2,408

25.7903 ZAR

25p ordinary

CFD

Increasing Short

8,233

25.8663 ZAR

25p ordinary

CFD

Increasing Short

28,135

25.8732 ZAR

25p ordinary

SWAP

Increasing Short

32,500

1.2340 GBP

25p ordinary

SWAP

Opening Long

681

25.9661 ZAR

25p ordinary

SWAP

Opening Long

690

25.9660 ZAR

25p ordinary

SWAP

Opening Long

1,091

25.9667 ZAR

25p ordinary

SWAP

Opening Long

4,004

25.9671 ZAR

25p ordinary

SWAP

Opening Long

4,992

25.9662 ZAR

25p ordinary

SWAP

Opening Long

8,868

25.9672 ZAR

(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:

06 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213