15 Dec 2022 11:29
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: | UBS Investment Bank, London |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Capital And Counties Properties plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Capital And Counties Properties plc |
(d) Date dealing undertaken: | 14 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" | NO |
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 | Buy
| 663639 | 1.06201 GBP | 1.02198 GBP |
25p ordinary | Sell
| 395155 | 1.06000 GBP | 1.03443 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 | CFD
| Long | 2357 | 1.0599629 GBP |
25p ordinary | CFD
| Long | 3139 | 1.04659075 GBP |
25p ordinary | CFD
| Long | 10198 | 1.05895446 GBP |
25p ordinary | CFD
| Long | 4720 | 1.05846274 GBP |
25p ordinary | CFD
| Long | 12108 | 1.05498686 GBP |
25p ordinary | CFD
| Long | 3519 | 1.04663003 GBP |
25p ordinary | CFD
| Long | 49971 | 1.056064 GBP |
25p ordinary | CFD
| Long | 1256 | 1.045756 GBP |
25p ordinary | CFD
| Long | 159 | 1.05749056603774 GBP |
25p ordinary | CFD
| Long | 181 | 1.05739779005525 GBP |
25p ordinary | CFD
| Long | 60215 | 1.058894 GBP |
25p ordinary | CFD
| Long | 5493 | 1.059 GBP |
25p ordinary | CFD
| Long | 354 | 1.053 GBP |
25p ordinary | CFD
| Long | 502 | 1.042248 GBP |
25p ordinary | CFD
| Long | 1311 | 1.059055 GBP |
25p ordinary | CFD
| Long | 15 | 1.043578 GBP |
25p ordinary | CFD
| Long | 11 | 1.047172 GBP |
25p ordinary | CFD
| Long | 103 | 1.044584 GBP |
25p ordinary | CFD
| Long | 593 | 1.047239 GBP |
25p ordinary | CFD
| Long | 1028 | 1.045226 GBP |
25p ordinary | CFD
| Long | 3215 | 1.05900018009331 GBP |
25p ordinary | CFD
| Long | 2339 | 1.047185 GBP |
25p ordinary | CFD
| Long | 1617 | 22.24343847 ZAR |
25p ordinary | CFD
| Long | 9330 | 22.27127438 ZAR |
25p ordinary | CFD
| Long | 3 | 1.06 GBP |
25p ordinary | CFD
| Long | 1 | 1.047484 GBP |
25p ordinary | CFD
| Long | 1092 | 1.048092 GBP |
25p ordinary | CFD
| Long | 5064 | 22.2971169 ZAR |
25p ordinary | CFD
| Short | 16939 | 1.04283982 GBP |
25p ordinary | CFD
| Short | 14627 | 1.05899964 GBP |
25p ordinary | CFD
| Short | 308 | 1.041136 GBP |
25p ordinary | CFD
| Short | 889 | 1.05529358830146 GBP |
25p ordinary | CFD
| Short | 591 | 1.05527241962775 GBP |
25p ordinary | CFD
| Short | 251396 | 1.022 GBP |
25p ordinary | CFD
| Short | 88785 | 1.05468585 GBP |
25p ordinary | CFD
| Short | 65854 | 1.05263755 GBP |
25p ordinary | CFD
| Short | 1827 | 1.06201423 GBP |
25p ordinary | CFD
| Short | 313 | 1.043406 GBP |
25p ordinary | CFD
| Short | 1395 | 1.059 GBP |
25p ordinary | CFD
| Short | 56 | 1.05535714285714 GBP |
25p ordinary | CFD
| Short | 689 | 1.05404499274311 GBP |
25p ordinary | CFD
| Short | 5064 | 22.2971169 ZAR |
25p ordinary | CFD
| Short | 17 | 1.043 GBP |
25p ordinary | CFD
| Short | 1 | 1.049 GBP |
25p ordinary | CFD
| Short | 9330 | 22.27127438 ZAR |
25p ordinary | CFD
| Short | 1617 | 22.24343847 ZAR |
25p ordinary | CFD
| Short | 19102 | 1.04509641 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 |
| Date of disclosure: | 15 December 2022 |
| Contact name: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk
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.