14 Feb 2023 10:08
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: | 13 February 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 | 159,351
391,104 | 1.2530 GBP
1.2530 GBP | 1.2130 GBP
1.2120 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
Opening a Long Position
Opening a Short Position | 327 21,876 1,528 21,876 211 1,212 1,931 537 606 326
1,073 159 3,051 728 3,462 5,032 3,366 14,998 2,694 1,100 1,582 1 6,869 2,441 1,579 6,351
5 55,151 139,271 21,868 5,236 1,917 5 1,313 18,344 21,876 3,287 5,064 13,525
1,677 132 9,585 7,333 878 184 23,576 872
719
719 | 1.2220 GBP 26.1000 ZAR 26.3375 ZAR 26.4951 ZAR 26.5400 ZAR 26.5450 ZAR 26.5913 ZAR 26.6100 ZAR 26.6200 ZAR 26.6568 ZAR
1.2140 GBP 1.2155 GBP 1.2157 GBP 1.2220 GBP 1.2283 GBP 1.2298 GBP 1.2303 GBP 1.2313 GBP 1.2318 GBP 1.2329 GBP 1.2343 GBP 1.2360 GBP 1.2381 GBP 1.2389 GBP 1.2397 GBP 26.5226 ZAR
1.2230 GBP 1.2256 GBP 1.2264 GBP 1.2270 GBP 1.2284 GBP 1.2299 GBP 1.2352 GBP 1.2358 GBP 1.2389 GBP 26.1000 ZAR 26.1600 ZAR 26.5400 ZAR 26.5591 ZAR
1.2230 GBP 1.2258 GBP 1.2290 GBP 1.2312 GBP 1.2320 GBP 1.2341 GBP 1.2390 GBP 1.2391 GBP
26.5877 ZAR
26.5877 ZAR |
(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: | 14 February 2023 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
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.