1 Nov 2019 10:28
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: | 31 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
| 222574 | 2.590499 GBP | 2.55000 GBP |
25p ordinary | Sell
| 189708 | 2.590499 GBP | 2.55000 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 | 25202 | 2.56298906832791 GBP |
25p ordinary | CFD
| Long | 1091 | 2.56293079743355 GBP |
25p ordinary | CFD
| Long | 11767 | 2.554621 GBP |
25p ordinary | CFD
| Long | 12286 | 2.584733 GBP |
25p ordinary | CFD
| Long | 205 | 2.5688 GBP |
25p ordinary | CFD
| Long | 1747 | 2.55 GBP |
25p ordinary | CFD
| Long | 598 | 2.578954 GBP |
25p ordinary | CFD
| Long | 146 | 2.653966 GBP |
25p ordinary | CFD
| Long | 6125 | 2.680129 GBP |
25p ordinary | CFD
| Long | 73 | 2.57849315068493 GBP |
25p ordinary | CFD
| Short | 4 | 2.551492 GBP |
25p ordinary | CFD
| Short | 457 | 2.568123 GBP |
25p ordinary | CFD
| Short | 74 | 2.582646 GBP |
25p ordinary | CFD
| Short | 62 | 2.573129 GBP |
25p ordinary | CFD
| Short | 27 | 2.570122 GBP |
25p ordinary | CFD
| Short | 146 | 2.653966 GBP |
25p ordinary | CFD
| Short | 22444 | 2.550382 GBP |
25p ordinary | CFD
| Short | 1512 | 2.572 GBP |
25p ordinary | CFD
| Short | 2667 | 2.55 GBP |
25p ordinary | CFD
| Short | 600 | 2.555 GBP |
25p ordinary | CFD
| Short | 144 | 2.5539 GBP |
25p ordinary | CFD
| Short | 4726 | 2.563849 GBP |
25p ordinary | CFD
| Short | 259 | 2.558496 GBP |
25p ordinary | CFD
| Short | 29 | 2.556476 GBP |
25p ordinary | CFD
| Short | 7 | 2.556256 GBP |
25p ordinary | CFD
| Short | 1062 | 2.5506 GBP |
25p ordinary | CFD
| Short | 245 | 2.564749 GBP |
25p ordinary | CFD
| Short | 58 | 2.552259 GBP |
25p ordinary | CFD
| Short | 406 | 2.578954 GBP |
25p ordinary | CFD
| Short | 126 | 2.562311 GBP |
25p ordinary | CFD
| Short | 4 | 2.553053 GBP |
25p ordinary | CFD
| Short | 4833 | 2.57703496792882 GBP |
25p ordinary | CFD
| Short | 19691 | 2.58132751002996 GBP |
25p ordinary | CFD
| Short | 15476 | 2.58359653657276 GBP |
25p ordinary | CFD
| Short | 6125 | 2.680129 GBP |
25p ordinary | CFD
| Short | 8137 | 2.5605 GBP |
25p ordinary | CFD
| Short | 397 | 2.559254 GBP |
25p ordinary | CFD
| Short | 73 | 2.57849315068493 GBP |
25p ordinary | CFD
| Short | 1596 | 2.551043 GBP |
25p ordinary | CFD
| Short | 747 | 2.566954 GBP |
25p ordinary | CFD
| Short | 86 | 2.552637 GBP |
25p ordinary | CFD
| Short | 50 | 2.56899268 GBP |
25p ordinary | CFD
| Short | 25 | 2.566897 GBP |
25p ordinary | CFD
| Short | 192 | 2.675162 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: | 01 November 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.