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:

15 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:

8,390,544

0.99%

7,044,035

0.83%

(2) Cash-settled derivatives:

7,186,932

0.84%

6,960,849

0.82%

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

0

0.00%

0

0.00%

TOTAL: 

15,577,476

1.83%

14,004,884

1.64%

(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

197661

1.2500 GBP

1.2431 GBP

25p ordinary

Sale

106931

1.2507 GBP

1.2435 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

25p ordinary

CFD

Decreasing Long

15

1.2480 GBP

25p ordinary

CFD

Decreasing Long

387

1.2470 GBP

25p ordinary

SWAP

Decreasing Long

412

27.3000 ZAR

25p ordinary

SWAP

Decreasing Long

480

1.2460 GBP

25p ordinary

SWAP

Decreasing Long

996

27.0000 ZAR

25p ordinary

SWAP

Decreasing Long

1,250

1.2473 GBP

25p ordinary

SWAP

Decreasing Long

1,329

1.2475 GBP

25p ordinary

SWAP

Decreasing Long

9,723

27.7387 ZAR

25p ordinary

SWAP

Decreasing Long

10,323

1.2481 GBP

25p ordinary

CFD

Decreasing Long

130,342

1.2457 GBP

25p ordinary

SWAP

Decreasing Long

130,526

26.9910 ZAR

25p ordinary

CFD

Decreasing Short

32

26.9990 ZAR

25p ordinary

CFD

Decreasing Short

412

27.2925 ZAR

25p ordinary

SWAP

Decreasing Short

996

27.0000 ZAR

25p ordinary

SWAP

Decreasing Short

1,861

1.2456 GBP

25p ordinary

CFD

Decreasing Short

9,723

27.7310 ZAR

25p ordinary

SWAP

Decreasing Short

10,000

1.2444 GBP

25p ordinary

SWAP

Decreasing Short

11,112

1.2475 GBP

25p ordinary

CFD

Decreasing Short

130,526

26.9829 ZAR

25p ordinary

CFD

Increasing Long

15

1.2506 GBP

25p ordinary

CFD

Increasing Long

1,139

1.2482 GBP

25p ordinary

SWAP

Increasing Long

1,702

1.2480 GBP

25p ordinary

CFD

Increasing Long

3,078

1.2438 GBP

25p ordinary

CFD

Increasing Long

4,570

1.2440 GBP

25p ordinary

SWAP

Increasing Long

7,587

1.2475 GBP

25p ordinary

SWAP

Increasing Long

7,967

1.2464 GBP

25p ordinary

SWAP

Increasing Short

8

1.2450 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:

16 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213