5 Jan 2023 11:08
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Capital & Counties Properties plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Shaftesbury plc |
(d) Date dealing undertaken: | 4 January 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 this offer? If it is a cash offer or possible cash offer, state "N/A" | Yes, Shaftesbury plc |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
25p ordinary | Purchase
Sale | 760,608
467,238 | 1.1010 GBP
1.0989 GBP | 1.0800 GBP
1.0800 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
25p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
| 9,953 13 48,021 10,072 8,743 19,500 25,553 3,822 595 13,726 5,515 1,187 1,245 48,021
2,686 3,042 850 2,047 566 1,505 253 53,878 311 98,565 717 881 2,432
3,382 4,922 828 17,739 8,704 48,616 595 48,021
28,284 1,533 839 742 26,666 20,261 71,034 78,567 48,862 7,180 11,580 | 1.0840 GBP 1.0860 GBP 1.0864 GBP 1.0868 GBP 1.0940 GBP 1.0960 GBP 21.9862 ZAR 22.0640 ZAR 22.0794 ZAR 22.0810 ZAR 22.1114 ZAR 22.1128 ZAR 22.1718 ZAR 22.3600 ZAR
1.0890 GBP 1.0897 GBP 1.0906 GBP 1.0920 GBP 1.0922 GBP 1.0926 GBP 1.0927 GBP 1.0929 GBP 1.0934 GBP 1.0940 GBP 1.0970 GBP 1.0989 GBP 22.1390 ZAR
1.0911 GBP 1.0914 GBP 1.0915 GBP 1.0920 GBP 1.0940 GBP 22.0330 ZAR 22.0791 ZAR 22.3600 ZAR
1.0850 GBP 1.0865 GBP 1.0876 GBP 1.0881 GBP 1.0900 GBP 1.0907 GBP 1.0926 GBP 1.0931 GBP 1.0940 GBP 1.0941 GBP 1.0945 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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3. OTHER INFORMATION
(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
None
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(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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None
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| Date of disclosure: | 5 January 2023 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.