14 Dec 2022 10:07
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 December 2022 |
(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 | 503,847
1,480,135 | 1.0535 GBP
1.0542 GBP | 1.0090 GBP
1.0070 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
| 3,343 5,772 39,410 1,683 42,753 705 540 3,137
1,243 4,703 8,966 647 17,788 11,908 13,425 14,070 5,255 106,551 7,612 82 6,071 8,133 1,598 811 942 2,722
137,553 42,753 190,158 42,628 45,170 5,777 18 39,410 4,005 7,696 10,613 3,343 1,632 10,968 3,948 3,891
1,572 1,823 1,647 2,899 1,440 10,702 25,017 8,411 2 156,900 5,425 8 12 103 288 | 1.0273 GBP 1.0440 GBP 21.3900 ZAR 21.5812 ZAR 22.2313 ZAR 22.6004 ZAR 22.6900 ZAR 22.7900 ZAR
1.0099 GBP 1.0256 GBP 1.0293 GBP 1.0348 GBP 1.0352 GBP 1.0367 GBP 1.0393 GBP 1.0410 GBP 1.0437 GBP 1.0440 GBP 1.0441 GBP 1.0449 GBP 1.0461 GBP 1.0487 GBP 1.0504 GBP 1.0505 GBP 1.0540 GBP 22.7170 ZAR
1.0192 GBP 1.0246 GBP 1.0319 GBP 1.0432 GBP 1.0438 GBP 1.0440 GBP 1.0542 GBP 21.3900 ZAR 21.6800 ZAR 21.8739 ZAR 22.0966 ZAR 22.1811 ZAR 22.1958 ZAR 22.5091 ZAR 22.6317 ZAR 22.6953 ZAR
1.0090 GBP 1.0095 GBP 1.0183 GBP 1.0185 GBP 1.0191 GBP 1.0195 GBP 1.0196 GBP 1.0204 GBP 1.0421 GBP 1.0440 GBP 1.0441 GBP 1.0451 GBP 1.0506 GBP 1.0512 GBP 1.0513 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: | 14 December 2022 |
| 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.