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:

16 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:

8,064,729

0.95%

6,573,651

0.77%

(2) Cash-settled derivatives:

6,732,149

0.79%

6,652,470

0.78%

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

0

0.00%

0

0.00%

TOTAL: 

14,796,878

1.74%

13,226,121

1.55%

(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

386335

1.2640 GBP

1.2360 GBP

25p ordinary

Sale

241766

1.2620 GBP

1.2319 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

234

27.4107 ZAR

25p ordinary

SWAP

Decreasing Long

2,478

27.0200 ZAR

25p ordinary

SWAP

Decreasing Long

2,499

27.4900 ZAR

25p ordinary

SWAP

Decreasing Long

2,571

1.2346 GBP

25p ordinary

CFD

Decreasing Long

11,947

1.2369 GBP

25p ordinary

SWAP

Decreasing Long

31,787

1.2565 GBP

25p ordinary

CFD

Decreasing Long

255,454

1.2380 GBP

25p ordinary

SWAP

Decreasing Long

255,454

27.0236 ZAR

25p ordinary

CFD

Decreasing Short

86

26.9980 ZAR

25p ordinary

CFD

Decreasing Short

234

27.4032 ZAR

25p ordinary

SWAP

Decreasing Short

2,146

1.2479 GBP

25p ordinary

SWAP

Decreasing Short

2,478

27.0200 ZAR

25p ordinary

CFD

Decreasing Short

2,499

27.4824 ZAR

25p ordinary

CFD

Decreasing Short

2,504

27.0189 ZAR

25p ordinary

SWAP

Decreasing Short

7,000

1.2319 GBP

25p ordinary

SWAP

Decreasing Short

7,747

1.2414 GBP

25p ordinary

SWAP

Decreasing Short

17,170

1.2618 GBP

25p ordinary

SWAP

Decreasing Short

18,620

1.2489 GBP

25p ordinary

CFD

Decreasing Short

255,454

27.0155 ZAR

25p ordinary

CFD

Increasing Long

6

1.2550 GBP

25p ordinary

SWAP

Increasing Long

439

1.2470 GBP

25p ordinary

CFD

Increasing Long

529

1.2610 GBP

25p ordinary

SWAP

Increasing Long

865

1.2580 GBP

25p ordinary

SWAP

Increasing Long

1,162

27.4196 ZAR

25p ordinary

SWAP

Increasing Long

1,468

1.2518 GBP

25p ordinary

SWAP

Increasing Long

2,497

27.0954 ZAR

25p ordinary

SWAP

Increasing Long

10,084

1.2425 GBP

25p ordinary

CFD

Increasing Long

10,350

1.2510 GBP

25p ordinary

CFD

Increasing Long

10,392

1.2330 GBP

25p ordinary

SWAP

Increasing Long

16,721

1.2550 GBP

25p ordinary

SWAP

Increasing Long

17,550

1.2553 GBP

25p ordinary

CFD

Increasing Long

35,578

1.2548 GBP

25p ordinary

CFD

Increasing Short

1,162

27.4271 ZAR

25p ordinary

CFD

Increasing Short

1,527

27.3709 ZAR

25p ordinary

SWAP

Increasing Short

2,373

1.2602 GBP

25p ordinary

CFD

Increasing Short

2,497

27.1029 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:

17 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213