13 Jan 2023 10:16
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: | 12 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 | 513,849
563,783 | 1.1320 GBP
1.1320 GBP | 1.0870 GBP
1.0870 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
| 2,172 1,453 5,955 6,093 1,453 1,812 906 226 554 7,772
2,022 328 414 1,362 7 1,329 3,608 4,139 964 45 98 1,816 6,603 3,292 11,037 3,985 1,620 666 230 680 113 22,078 52,663 3,272
7,546 26,909 16,448 7,167 5,955 6,093 1,679 3,772 4,000
14 3,933 1,519 6,345 1,512 1,183 31,048 598 1,128 125 69,799 | 1.0912 GBP 1.0960 GBP 1.1320 GBP 22.3900 ZAR 22.4807 ZAR 22.4850 ZAR 22.5050 ZAR 22.5300 ZAR 22.5591 ZAR 22.5654 ZAR
1.0870 GBP 1.0909 GBP 1.0944 GBP 1.1055 GBP 1.1091 GBP 1.1124 GBP 1.1125 GBP 1.1130 GBP 1.1137 GBP 1.1140 GBP 1.1157 GBP 1.1165 GBP 1.1172 GBP 1.1177 GBP 1.1182 GBP 1.1198 GBP 1.1225 GBP 1.1261 GBP 1.1284 GBP 1.1306 GBP 1.1309 GBP 1.1319 GBP 1.1320 GBP 22.4990 ZAR
1.0975 GBP 1.1033 GBP 1.1109 GBP 1.1316 GBP 1.1320 GBP 22.3900 ZAR 22.4870 ZAR 22.5517 ZAR 22.5777 ZAR
1.0940 GBP 1.0942 GBP 1.0946 GBP 1.0947 GBP 1.1020 GBP 1.1079 GBP 1.1082 GBP 1.1120 GBP 1.1141 GBP 1.1300 GBP 1.1320 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 |
|
|
|
|
|
(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) |
|
|
|
|
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
|
(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
|
| Date of disclosure: | 13 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.