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:

23 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:

6,316,886

0.74%

6,969,862

0.82%

(2) Cash-settled derivatives:

7,205,773

0.85%

4,934,270

0.58%

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

0

0.00%

0

0.00%

TOTAL: 

13,522,659

1.59%

11,904,132

1.40%

(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

149306

1.2610 GBP

1.2404 GBP

25p ordinary

Sale

801594

1.2590 GBP

1.2420 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

68,750

1.2560 GBP

25p ordinary

SWAP

Decreasing Long

69

27.4312 ZAR

25p ordinary

CFD

Decreasing Long

191

1.2404 GBP

25p ordinary

SWAP

Decreasing Long

216

27.4296 ZAR

25p ordinary

SWAP

Decreasing Long

391

1.2610 GBP

25p ordinary

SWAP

Decreasing Long

529

1.2590 GBP

25p ordinary

SWAP

Decreasing Long

608

27.4400 ZAR

25p ordinary

SWAP

Decreasing Long

641

1.2506 GBP

25p ordinary

SWAP

Decreasing Long

981

27.9596 ZAR

25p ordinary

SWAP

Decreasing Long

1,122

1.2505 GBP

25p ordinary

SWAP

Decreasing Long

1,173

1.2522 GBP

25p ordinary

SWAP

Decreasing Long

1,563

27.4298 ZAR

25p ordinary

CFD

Decreasing Long

3,050

1.2590 GBP

25p ordinary

CFD

Decreasing Long

4,404

1.2558 GBP

25p ordinary

SWAP

Decreasing Long

5,647

27.6309 ZAR

25p ordinary

CFD

Decreasing Long

11,746

1.2508 GBP

25p ordinary

SWAP

Decreasing Long

22,287

1.2486 GBP

25p ordinary

SWAP

Decreasing Long

34,586

1.2590 GBP

25p ordinary

SWAP

Decreasing Short

608

27.4400 ZAR

25p ordinary

CFD

Decreasing Short

981

27.9519 ZAR

25p ordinary

CFD

Decreasing Short

1,158

27.5432 ZAR

25p ordinary

CFD

Decreasing Short

5,647

27.6226 ZAR

25p ordinary

SWAP

Decreasing Short

15,366

1.2458 GBP

25p ordinary

SWAP

Decreasing Short

388,254

1.2555 GBP

25p ordinary

SWAP

Increasing Long

69

27.4312 ZAR

25p ordinary

SWAP

Increasing Long

99

27.4400 ZAR

25p ordinary

SWAP

Increasing Long

216

27.4296 ZAR

25p ordinary

CFD

Increasing Long

495

1.2547 GBP

25p ordinary

SWAP

Increasing Long

1,094

27.6000 ZAR

25p ordinary

SWAP

Increasing Long

1,563

27.4298 ZAR

25p ordinary

CFD

Increasing Long

1,690

1.2589 GBP

25p ordinary

CFD

Increasing Long

2,387

1.2456 GBP

25p ordinary

SWAP

Increasing Long

2,668

27.7625 ZAR

25p ordinary

CFD

Increasing Long

3,241

1.2559 GBP

25p ordinary

CFD

Increasing Long

5,219

1.2488 GBP

25p ordinary

CFD

Increasing Long

7,264

1.2408 GBP

25p ordinary

SWAP

Increasing Long

8,175

1.2633 GBP

25p ordinary

CFD

Increasing Long

83,232

1.2588 GBP

25p ordinary

SWAP

Increasing Long

103,327

1.2589 GBP

25p ordinary

SWAP

Increasing Long

106,918

1.2586 GBP

25p ordinary

SWAP

Increasing Short

99

27.4400 ZAR

25p ordinary

SWAP

Increasing Short

200

1.2520 GBP

25p ordinary

CFD

Increasing Short

1,094

27.6075 ZAR

25p ordinary

CFD

Increasing Short

2,668

27.7708 ZAR

25p ordinary

SWAP

Increasing Short

18,000

1.2438 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:

24 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213