24 Oct 2019 11:49
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: | 23 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
| 1004196 | 2.705012 GBP | 2.65092 GBP |
25p ordinary | Sell
| 449962 | 2.705012 GBP | 2.65550 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 | 3302 | 2.705 GBP |
25p ordinary | CFD
| Long | 4106 | 2.662263 GBP |
25p ordinary | CFD
| Long | 1796 | 2.671416 GBP |
25p ordinary | CFD
| Long | 3428 | 2.677007 GBP |
25p ordinary | CFD
| Long | 33 | 2.665281 GBP |
25p ordinary | CFD
| Long | 2278 | 2.690154 GBP |
25p ordinary | CFD
| Long | 29227 | 2.68496287679201 GBP |
25p ordinary | CFD
| Long | 55076 | 2.67460596268792 GBP |
25p ordinary | CFD
| Long | 2070 | 2.67456980676329 GBP |
25p ordinary | CFD
| Long | 16718 | 2.698512 GBP |
25p ordinary | CFD
| Long | 4184 | 2.680919 GBP |
25p ordinary | CFD
| Long | 600 | 2.655667 GBP |
25p ordinary | CFD
| Short | 26000 | 2.66266 GBP |
25p ordinary | CFD
| Short | 1243 | 2.6627 GBP |
25p ordinary | CFD
| Short | 66 | 2.697 GBP |
25p ordinary | CFD
| Short | 76 | 2.650934 GBP |
25p ordinary | CFD
| Short | 33 | 50.246903 ZAR |
25p ordinary | CFD
| Short | 5667 | 2.705023 GBP |
25p ordinary | CFD
| Short | 317 | 2.696804 GBP |
25p ordinary | CFD
| Short | 214 | 2.699157 GBP |
25p ordinary | CFD
| Short | 116 | 2.695725 GBP |
25p ordinary | CFD
| Short | 55 | 2.70302090181818 GBP |
25p ordinary | CFD
| Short | 4106 | 2.662263 GBP |
25p ordinary | CFD
| Short | 35 | 2.653265 GBP |
25p ordinary | CFD
| Short | 37378 | 2.686817 GBP |
25p ordinary | CFD
| Short | 333 | 2.65288 GBP |
25p ordinary | CFD
| Short | 2518 | 2.68760127084988 GBP |
25p ordinary | CFD
| Short | 156 | 2.662106 GBP |
25p ordinary | CFD
| Short | 415106 | 2.677059 GBP |
25p ordinary | CFD
| Short | 242 | 2.6753 GBP |
25p ordinary | CFD
| Short | 16824 | 2.66398775558726 GBP |
25p ordinary | CFD
| Short | 729 | 2.65780521262003 GBP |
25p ordinary | CFD
| Short | 12961 | 2.66652881722089 GBP |
25p ordinary | CFD
| Short | 1486 | 2.6621601615074 GBP |
25p ordinary | CFD
| Short | 27734 | 2.66018244753732 GBP |
25p ordinary | CFD
| Short | 4979 | 2.66504719823258 GBP |
25p ordinary | CFD
| Short | 24964 | 2.66896090370133 GBP |
25p ordinary | CFD
| Short | 25000 | 2.660145 GBP |
25p ordinary | CFD
| Short | 2278 | 2.690154 GBP |
25p ordinary | CFD
| Short | 49979 | 2.67409817117442 GBP |
25p ordinary | CFD
| Short | 5323 | 2.65664099192185 GBP |
25p ordinary | CFD
| Short | 1000 | 2.6739 GBP |
25p ordinary | CFD
| Short | 1373 | 2.705004 GBP |
25p ordinary | CFD
| Short | 3302 | 2.67 GBP |
25p ordinary | CFD
| Short | 2055 | 2.68760583941606 GBP |
25p ordinary | CFD
| Short | 116 | 2.654368 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 |
|
|
|
|
|
(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) |
|
|
|
|
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
|
(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: | 24 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.