23 Oct 2019 11:37
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 |
(d) Date dealing undertaken: | 22 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
| 584723 | 2.70833 GBP | 2.67042 GBP |
25p ordinary | Sell
| 549767
| 2.70833 GBP | 2.67300 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 | 5666 | 2.6903 GBP |
25p ordinary | CFD
| Long | 4743 | 2.69 GBP |
25p ordinary | CFD
| Long | 10910 | 2.684579 GBP |
25p ordinary | CFD
| Long | 51247 | 2.686656 GBP |
25p ordinary | CFD
| Long | 16429 | 2.68855 GBP |
25p ordinary | CFD
| Long | 38197 | 2.689441 GBP |
25p ordinary | CFD
| Long | 41196 | 2.68996188950384 GBP |
25p ordinary | CFD
| Long | 71133 | 2.68847811846822 GBP |
25p ordinary | CFD
| Long | 2560 | 2.6899638671875 GBP |
25p ordinary | CFD
| Long | 42 | 2.689377 GBP |
25p ordinary | CFD
| Short | 23707 | 2.6918 GBP |
25p ordinary | CFD
| Short | 15800 | 2.670424 GBP |
25p ordinary | CFD
| Short | 1 | 2.688 GBP |
25p ordinary | CFD
| Short | 2474 | 2.689015 GBP |
25p ordinary | CFD
| Short | 42 | 2.689378 GBP |
25p ordinary | CFD
| Short | 318 | 2.691037 GBP |
25p ordinary | CFD
| Short | 1123 | 2.686766 GBP |
25p ordinary | CFD
| Short | 473 | 2.682118 GBP |
25p ordinary | CFD
| Short | 329 | 2.69505436404255 GBP |
25p ordinary | CFD
| Short | 211 | 2.684704 GBP |
25p ordinary | CFD
| Short | 12 | 2.678227 GBP |
25p ordinary | CFD
| Short | 46 | 2.673441 GBP |
25p ordinary | CFD
| Short | 39058 | 2.688796 GBP |
25p ordinary | CFD
| Short | 926 | 2.6928 GBP |
25p ordinary | CFD
| Short | 21520 | 2.69563801115242 GBP |
25p ordinary | CFD
| Short | 30060 | 2.69246407185629 GBP |
25p ordinary | CFD
| Short | 3420 | 2.69272514619883 GBP |
25p ordinary | CFD
| Short | 10910 | 2.684579 GBP |
25p ordinary | CFD
| Short | 20938 | 2.69429267360779 GBP |
25p ordinary | CFD
| Short | 30574 | 2.69189376594492 GBP |
25p ordinary | CFD
| Short | 3488 | 2.69133027522936 GBP |
25p ordinary | CFD
| Short | 68 | 2.690868 GBP |
25p ordinary | CFD
| Short | 195 | 2.686803 GBP |
25p ordinary | CFD
| Short | 82 | 2.682174 GBP |
25p ordinary | CFD
| Short | 57 | 2.69509169140351 GBP |
25p ordinary | CFD
| Short | 6 | 2.673267 GBP |
25p ordinary | CFD
| Short | 55394 | 2.68106628 GBP |
25p ordinary | CFD
| Short | 2565 | 2.691438 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: | 23 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.