28 Oct 2019 10:57
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 & Counties Properties plc |
(c) Name of the party to the offer with which exempt principal trader is connected: |
Capital & Counties Properties plc
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(d) Date dealing undertaken: | 25 October 2019 |
(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
| 698075 | 2.636992 GBP | 2.56945 GBP |
25p ordinary | Sell
| 231271 | 2.623333 GBP | 2.56945 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 | 275 | 2.596854 GBP |
25p ordinary | CFD
| Long | 11726 | 2.601847 GBP |
25p ordinary | CFD
| Long | 543 | 2.612 GBP |
25p ordinary | CFD
| Long | 1933 | 2.59926202793585 GBP |
25p ordinary | CFD
| Long | 47309 | 2.59930494197721 GBP |
25p ordinary | CFD
| Long | 290 | 2.5931 GBP |
25p ordinary | CFD
| Short | 867 | 2.593802 GBP |
25p ordinary | CFD
| Short | 10489 | 2.601647 GBP |
25p ordinary | CFD
| Short | 3445 | 2.5984394 GBP |
25p ordinary | CFD
| Short | 6302 | 2.5967549984132 GBP |
25p ordinary | CFD
| Short | 1180 | 2.6428813559322 GBP |
25p ordinary | CFD
| Short | 4850 | 2.61051340206186 GBP |
25p ordinary | CFD
| Short | 1668 | 2.60161870503597 GBP |
25p ordinary | CFD
| Short | 11726 | 2.601847 GBP |
25p ordinary | CFD
| Short | 34652 | 2.59831063142099 GBP |
25p ordinary | CFD
| Short | 2756 | 2.64060595065312 GBP |
25p ordinary | CFD
| Short | 21885 | 2.60380123372173 GBP |
25p ordinary | CFD
| Short | 8707 | 2.60478810152751 GBP |
25p ordinary | CFD
| Short | 337152 | 2.592895 GBP |
25p ordinary | CFD
| Short | 95029 | 2.595377 GBP |
25p ordinary | CFD
| Short | 430 | 2.612 GBP |
25p ordinary | CFD
| Short | 5213 | 2.591751 GBP |
25p ordinary | CFD
| Short | 5775 | 2.614507 GBP |
25p ordinary | CFD
| Short | 165 | 2.596176 GBP |
25p ordinary | CFD
| Short | 72 | 2.601428 GBP |
25p ordinary | CFD
| Short | 949 | 2.60108786925184 GBP |
25p ordinary | CFD
| Short | 740 | 2.605068 GBP |
25p ordinary | CFD
| Short | 204 | 2.615892 GBP |
25p ordinary | CFD
| Short | 115 | 2.640629 GBP |
25p ordinary | CFD
| Short | 88 | 2.616841 GBP |
25p ordinary | CFD
| Short | 72 | 2.609229 GBP |
25p ordinary | CFD
| Short | 82 | 2.613261 GBP |
25p ordinary | CFD
| Short | 4 | 2.638073 GBP |
25p ordinary | CFD
| Short | 1893 | 2.606527 GBP |
25p ordinary | CFD
| Short | 271 | 2.596246 GBP |
25p ordinary | CFD
| Short | 517 | 2.588191 GBP |
25p ordinary | CFD
| Short | 85 | 2.597621 GBP |
25p ordinary | CFD
| Short | 1080 | 2.594286 GBP |
25p ordinary | CFD
| Short | 148 | 2.633628 GBP |
25p ordinary | CFD
| Short | 262 | 2.605067 GBP |
25p ordinary | CFD
| Short | 383 | 2.600869 GBP |
25p ordinary | CFD
| Short | 368 | 2.6010978626087 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 |
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(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: | 28 October 2019 |
| Contact name: | Wendy Dent |
| Telephone number: | +44 (0)207 568 1245 |
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.