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:

01 Mar 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:

6,254,318

0.73%

7,487,315

0.88%

(2) Cash-settled derivatives:

7,815,386

0.92%

5,119,093

0.60%

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

0

0.00%

0

0.00%

TOTAL: 

14,069,704

1.65%

12,606,408

1.48%

(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

510629

1.2467 GBP

1.2040 GBP

25p ordinary

Sale

975918

1.2466 GBP

1.2040 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 Short

261

1.2318 GBP

25p ordinary

SWAP

Decreasing Long

46

26.7106 ZAR

25p ordinary

SWAP

Decreasing Long

444

26.4885 ZAR

25p ordinary

SWAP

Decreasing Long

477

26.6612 ZAR

25p ordinary

SWAP

Decreasing Long

569

26.4892 ZAR

25p ordinary

SWAP

Decreasing Long

575

26.4888 ZAR

25p ordinary

SWAP

Decreasing Long

593

26.5753 ZAR

25p ordinary

SWAP

Decreasing Long

596

26.4889 ZAR

25p ordinary

SWAP

Decreasing Long

604

26.4888 ZAR

25p ordinary

SWAP

Decreasing Long

635

26.7114 ZAR

25p ordinary

SWAP

Decreasing Long

766

26.2316 ZAR

25p ordinary

SWAP

Decreasing Long

840

26.7115 ZAR

25p ordinary

SWAP

Decreasing Long

871

26.2054 ZAR

25p ordinary

SWAP

Decreasing Long

1,259

26.0465 ZAR

25p ordinary

SWAP

Decreasing Long

3,474

26.5969 ZAR

25p ordinary

SWAP

Decreasing Long

4,826

27.8660 ZAR

25p ordinary

CFD

Decreasing Long

15,607

1.2398 GBP

25p ordinary

SWAP

Decreasing Long

41,914

1.2233 GBP

25p ordinary

SWAP

Decreasing Long

42,588

26.5400 ZAR

25p ordinary

CFD

Decreasing Long

148,088

1.2416 GBP

25p ordinary

SWAP

Decreasing Long

153,045

26.9670 ZAR

25p ordinary

SWAP

Decreasing Short

3

1.2458 GBP

25p ordinary

SWAP

Decreasing Short

32

1.2239 GBP

25p ordinary

SWAP

Decreasing Short

219

1.2245 GBP

25p ordinary

SWAP

Decreasing Short

766

26.2316 ZAR

25p ordinary

SWAP

Decreasing Short

871

26.2054 ZAR

25p ordinary

SWAP

Decreasing Short

1,205

1.2212 GBP

25p ordinary

SWAP

Decreasing Short

1,826

1.2252 GBP

25p ordinary

SWAP

Decreasing Short

2,067

1.2273 GBP

25p ordinary

CFD

Decreasing Short

2,072

27.1573 ZAR

25p ordinary

CFD

Decreasing Short

4,826

27.8584 ZAR

25p ordinary

SWAP

Decreasing Short

5,500

1.2318 GBP

25p ordinary

SWAP

Decreasing Short

87,310

1.2199 GBP

25p ordinary

CFD

Decreasing Short

153,045

26.9589 ZAR

25p ordinary

SWAP

Decreasing Short

161,002

1.2240 GBP

25p ordinary

CFD

Increasing Long

1

1.2200 GBP

25p ordinary

SWAP

Increasing Long

46

26.7106 ZAR

25p ordinary

SWAP

Increasing Long

444

26.4885 ZAR

25p ordinary

SWAP

Increasing Long

477

26.6612 ZAR

25p ordinary

SWAP

Increasing Long

569

26.4892 ZAR

25p ordinary

SWAP

Increasing Long

593

26.5753 ZAR

25p ordinary

SWAP

Increasing Long

596

26.4889 ZAR

25p ordinary

SWAP

Increasing Long

635

26.7114 ZAR

25p ordinary

SWAP

Increasing Long

840

26.7115 ZAR

25p ordinary

SWAP

Increasing Long

1,179

26.4888 ZAR

25p ordinary

SWAP

Increasing Long

1,259

26.0465 ZAR

25p ordinary

SWAP

Increasing Long

3,474

26.5969 ZAR

25p ordinary

CFD

Increasing Long

6,313

1.2325 GBP

25p ordinary

SWAP

Increasing Long

15,293

1.2214 GBP

25p ordinary

SWAP

Increasing Long

21,294

26.5400 ZAR

25p ordinary

SWAP

Increasing Long

21,294

26.5400 ZAR

25p ordinary

CFD

Increasing Long

35,306

1.2163 GBP

25p ordinary

SWAP

Increasing Long

41,823

26.3684 ZAR

25p ordinary

CFD

Increasing Long

56,088

1.2211 GBP

25p ordinary

SWAP

Increasing Long

111,452

1.2199 GBP

25p ordinary

SWAP

Increasing Long

119,699

1.2196 GBP

25p ordinary

CFD

Increasing Short

7,735

26.2688 ZAR

25p ordinary

SWAP

Increasing Short

10,000

1.2122 GBP

25p ordinary

SWAP

Increasing Short

32,000

1.2269 GBP

25p ordinary

SWAP

Increasing Short

34,800

1.2148 GBP

25p ordinary

CFD

Increasing Short

41,823

26.3764 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:

02 Mar 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213