18 Nov 2019 10:58
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: | 15 November 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
| 464213 | 2.683125 GBP | 2.61800 GBP |
25p ordinary | Sell
| 479548 | 2.683000 GBP | 2.61200 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 | 24158 | 2.62521897508072 GBP |
25p ordinary | CFD
| Long | 889 | 2.64697412823397 GBP |
25p ordinary | CFD
| Long | 387 | 2.410229 GBP |
25p ordinary | CFD
| Long | 937 | 2.374117 GBP |
25p ordinary | CFD
| Long | 659 | 1.946884 GBP |
25p ordinary | CFD
| Long | 401 | 1.974085 GBP |
25p ordinary | CFD
| Long | 442 | 2.001159 GBP |
25p ordinary | CFD
| Long | 519 | 2.236887 GBP |
25p ordinary | CFD
| Long | 1248 | 2.35329 GBP |
25p ordinary | CFD
| Long | 1866 | 2.512488 GBP |
25p ordinary | CFD
| Long | 2501 | 2.366055 GBP |
25p ordinary | CFD
| Long | 127 | 2.363737 GBP |
25p ordinary | CFD
| Long | 155 | 1.931749 GBP |
25p ordinary | CFD
| Long | 1061 | 2.255798 GBP |
25p ordinary | CFD
| Long | 372 | 2.248884 GBP |
25p ordinary | CFD
| Long | 39803 | 2.683 GBP |
25p ordinary | CFD
| Long | 3477 | 2.665546 GBP |
25p ordinary | CFD
| Long | 25652 | 2.65610166848589 GBP |
25p ordinary | CFD
| Long | 1215 | 2.61483950617284 GBP |
25p ordinary | CFD
| Long | 660 | 2.629339 GBP |
25p ordinary | CFD
| Long | 6632 | 2.661902 GBP |
25p ordinary | CFD
| Long | 9276 | 2.6646 GBP |
25p ordinary | CFD
| Long | 8763 | 2.623981 GBP |
25p ordinary | CFD
| Long | 15125 | 2.67011580165289 GBP |
25p ordinary | CFD
| Long | 665 | 2.67014436240602 GBP |
25p ordinary | CFD
| Long | 14846 | 2.649737 GBP |
25p ordinary | CFD
| Long | 64 | 2.671 GBP |
25p ordinary | CFD
| Long | 6404 | 2.655688 GBP |
25p ordinary | CFD
| Long | 3595 | 2.63976 GBP |
25p ordinary | CFD
| Long | 37738 | 2.64446764534422 GBP |
25p ordinary | CFD
| Short | 50564 | 2.6508689041 GBP |
25p ordinary | CFD
| Short | 3587 | 2.6479661345 GBP |
25p ordinary | CFD
| Short | 1235 | 2.626 GBP |
25p ordinary | CFD
| Short | 1066 | 2.62519699812383 GBP |
25p ordinary | CFD
| Short | 20567 | 2.68299995137842 GBP |
25p ordinary | CFD
| Short | 16 | 2.683125 GBP |
25p ordinary | CFD
| Short | 1192 | 2.64481544 GBP |
25p ordinary | CFD
| Short | 387 | 2.425781 GBP |
25p ordinary | CFD
| Short | 937 | 2.389437 GBP |
25p ordinary | CFD
| Short | 659 | 1.946884 GBP |
25p ordinary | CFD
| Short | 401 | 1.974085 GBP |
25p ordinary | CFD
| Short | 442 | 2.001159 GBP |
25p ordinary | CFD
| Short | 519 | 2.236887 GBP |
25p ordinary | CFD
| Short | 1248 | 2.35329 GBP |
25p ordinary | CFD
| Short | 2501 | 2.366055 GBP |
25p ordinary | CFD
| Short | 127 | 2.363737 GBP |
25p ordinary | CFD
| Short | 155 | 1.931749 GBP |
25p ordinary | CFD
| Short | 1061 | 2.255798 GBP |
25p ordinary | CFD
| Short | 372 | 2.248884 GBP |
25p ordinary | CFD
| Short | 1866 | 512488 GBP |
25p ordinary | CFD
| Short | 253 | 2.6447 GBP |
25p ordinary | CFD
| Short | 8763 | 2.623981 GBP |
25p ordinary | CFD
| Short | 2064 | 2.67096 GBP |
25p ordinary | CFD
| Short | 1659 | 2.64572 GBP |
25p ordinary | CFD
| Short | 984 | 2.683094 GBP |
25p ordinary | CFD
| Short | 673 | 2.67153419506686 GBP |
25p ordinary | CFD
| Short | 327 | 2.636874 GBP |
25p ordinary | CFD
| Short | 85 | 2.675537 GBP |
25p ordinary | CFD
| Short | 58 | 2.628657 GBP |
25p ordinary | CFD
| Short | 660 | 2.629339 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: | 18 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.