19 Jan 2023 10:18
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: | 18 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 | 774,342
2,009,705 | 1.1360 GBP
1.1360 GBP | 1.1120 GBP
1.1120 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
| 4,234 3 9,825 72 14,461 158 940 470 14,461 697 19 470
841,869 107,095 17,165 60,615 140 107,994 360 819 600 2,678 34,972 1,470 1,746 8,518 2,796 3,490 2,591 207 4,999 35,815 1,559 105 4,009 3,170 41 2,826
4,233 14,461 75,699 1,984 163,796 6,954 4,229 3,089 14,461 189
115,340 4,758 2,215 8,057 106,914 4,366 10,612 4,281 1,284 | 1.1170 GBP 1.1180 GBP 1.1222 GBP 23.3900 ZAR 23.4683 ZAR 23.5373 ZAR 23.5500 ZAR 23.5700 ZAR 23.5800 ZAR 23.5954 ZAR 23.6579 ZAR 23.7000 ZAR
1.1120 GBP 1.1169 GBP 1.1170 GBP 1.1174 GBP 1.1179 GBP 1.1181 GBP 1.1203 GBP 1.1204 GBP 1.1212 GBP 1.1214 GBP 1.1215 GBP 1.1216 GBP 1.1223 GBP 1.1224 GBP 1.1227 GBP 1.1238 GBP 1.1240 GBP 1.1241 GBP 1.1252 GBP 1.1254 GBP 1.1258 GBP 1.1270 GBP 1.1274 GBP 1.1297 GBP 1.1359 GBP 23.5812 ZAR
1.1170 GBP 1.1207 GBP 1.1214 GBP 1.1237 GBP 1.1253 GBP 23.3952 ZAR 23.5312 ZAR 23.5316 ZAR 23.5800 ZAR 23.6900 ZAR
1.1170 GBP 1.1180 GBP 1.1207 GBP 1.1235 GBP 1.1255 GBP 1.1270 GBP 1.1275 GBP 1.1280 GBP 1.1360 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: | 19 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.