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:

02 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:

9,235,815

1.08%

7,219,167

0.85%

(2) Cash-settled derivatives:

7,384,277

0.87%

7,850,012

0.92%

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

0

0.00%

0

0.00%

TOTAL: 

16,620,092

1.95%

15,069,179

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

472282

1.2500 GBP

1.1849 GBP

25p ordinary

Sale

511225

1.2500 GBP

1.1670 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

42

25.2700 ZAR

25p ordinary

SWAP

Decreasing Long

53

1.1370 GBP

25p ordinary

CFD

Decreasing Long

559

1.1701 GBP

25p ordinary

CFD

Decreasing Long

2,611

1.1711 GBP

25p ordinary

CFD

Decreasing Long

5,000

1.2154 GBP

25p ordinary

CFD

Decreasing Long

7,757

1.2500 GBP

25p ordinary

SWAP

Decreasing Long

10,396

1.2162 GBP

25p ordinary

SWAP

Decreasing Long

24,033

1.2016 GBP

25p ordinary

SWAP

Decreasing Long

29,909

24.9554 ZAR

25p ordinary

CFD

Decreasing Long

29,909

1.1894 GBP

25p ordinary

SWAP

Decreasing Short

42

25.2700 ZAR

25p ordinary

SWAP

Decreasing Short

1,035

1.1913 GBP

25p ordinary

SWAP

Decreasing Short

1,465

1.2042 GBP

25p ordinary

CFD

Decreasing Short

29,909

24.9479 ZAR

25p ordinary

SWAP

Decreasing Short

59,000

1.1984 GBP

25p ordinary

SWAP

Decreasing Short

60,000

1.1898 GBP

25p ordinary

CFD

Increasing Long

42

1.1911 GBP

25p ordinary

SWAP

Increasing Long

595

24.9800 ZAR

25p ordinary

CFD

Increasing Long

3,232

1.2142 GBP

25p ordinary

CFD

Increasing Long

3,938

1.1823 GBP

25p ordinary

SWAP

Increasing Long

3,938

24.8000 ZAR

25p ordinary

CFD

Increasing Long

7,470

1.1937 GBP

25p ordinary

CFD

Increasing Long

12,715

1.2500 GBP

25p ordinary

SWAP

Increasing Long

38,237

1.2081 GBP

25p ordinary

CFD

Increasing Long

74,637

1.2499 GBP

25p ordinary

SWAP

Increasing Long

124,592

1.2500 GBP

25p ordinary

CFD

Increasing Short

595

24.9868 ZAR

25p ordinary

CFD

Increasing Short

1,167

25.0000 ZAR

25p ordinary

CFD

Increasing Short

3,938

24.8074 ZAR

25p ordinary

SWAP

Increasing Short

50,017

1.1960 GBP

25p ordinary

SWAP

Increasing Short

73,500

1.1896 GBP

25p ordinary

SWAP

Opening Short

9,147

1.2385 GBP

25p ordinary

SWAP

Opening Short

19,138

1.2184 GBP

25p ordinary

SWAP

Opening Short

28,689

1.2500 GBP

25p ordinary

SWAP

Opening Short

76,283

1.2111 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:

03 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213