CAPC.L Regulatory News (CAPC)

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS

(OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Name of exempt principal trader:

BARCLAYS CAPITAL SECURITIES LTD

(b)

Name of offeror/offeree in relation to whose relevant securities this form relates:

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 position held/dealing undertaken:

21 Feb 2023

(e)

In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?

YES: SHAFTESBURY PLC

2.

POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

25p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1) Relevant securities owned and/or controlled:

7,750,610

0.91%

6,297,963

0.74%

(2) Cash-settled derivatives:

6,503,822

0.76%

6,351,677

0.75%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

14,254,432

1.67%

12,649,640

1.49%

(b)

Rights to subscribe for new securities (including directors and other executive options)

Class of relevant security in relation to which subscription right exists

Details, including nature of the rights concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

25p ordinary

Purchase

363917

1.2450 GBP

1.2200 GBP

25p ordinary

Sale

332643

1.2450 GBP

1.2200 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

25p ordinary

SWAP

Decreasing Long

35

27.2800 ZAR

25p ordinary

SWAP

Decreasing Long

257

27.2375 ZAR

25p ordinary

SWAP

Decreasing Long

350

27.2378 ZAR

25p ordinary

SWAP

Decreasing Long

654

27.0200 ZAR

25p ordinary

SWAP

Decreasing Long

935

27.2376 ZAR

25p ordinary

SWAP

Decreasing Long

1,657

27.2432 ZAR

25p ordinary

SWAP

Decreasing Long

2,237

27.2377 ZAR

25p ordinary

SWAP

Decreasing Long

8,980

27.2439 ZAR

25p ordinary

SWAP

Decreasing Long

12,867

26.8587 ZAR

25p ordinary

SWAP

Decreasing Long

15,070

1.2314 GBP

25p ordinary

SWAP

Decreasing Long

33,059

1.2300 GBP

25p ordinary

CFD

Decreasing Long

46,197

1.2300 GBP

25p ordinary

CFD

Decreasing Short

35

27.2717 ZAR

25p ordinary

SWAP

Decreasing Short

654

27.0200 ZAR

25p ordinary

CFD

Decreasing Short

1,166

27.1913 ZAR

25p ordinary

CFD

Decreasing Short

3,251

27.0512 ZAR

25p ordinary

CFD

Decreasing Short

12,867

26.8513 ZAR

25p ordinary

SWAP

Decreasing Short

13,139

1.2313 GBP

25p ordinary

CFD

Increasing Long

6

1.2300 GBP

25p ordinary

SWAP

Increasing Long

257

27.2375 ZAR

25p ordinary

SWAP

Increasing Long

350

27.2378 ZAR

25p ordinary

SWAP

Increasing Long

935

27.2376 ZAR

25p ordinary

SWAP

Increasing Long

1,657

27.2432 ZAR

25p ordinary

CFD

Increasing Long

1,701

1.2388 GBP

25p ordinary

SWAP

Increasing Long

1,819

27.1500 ZAR

25p ordinary

SWAP

Increasing Long

2,237

27.2377 ZAR

25p ordinary

SWAP

Increasing Long

2,900

1.2174 GBP

25p ordinary

SWAP

Increasing Long

4,175

1.2199 GBP

25p ordinary

SWAP

Increasing Long

8,980

27.2439 ZAR

25p ordinary

CFD

Increasing Long

9,855

1.2376 GBP

25p ordinary

SWAP

Increasing Long

9,951

27.2256 ZAR

25p ordinary

SWAP

Increasing Long

20,306

27.1601 ZAR

25p ordinary

CFD

Increasing Long

43,005

1.2320 GBP

25p ordinary

SWAP

Increasing Long

46,719

1.2340 GBP

25p ordinary

SWAP

Increasing Short

1,819

27.1500 ZAR

25p ordinary

SWAP

Increasing Short

4,489

1.2307 GBP

25p ordinary

CFD

Increasing Short

9,951

27.2338 ZAR

25p ordinary

SWAP

Increasing Short

17,000

1.2330 GBP

25p ordinary

CFD

Increasing Short

20,306

27.1676 ZAR

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings 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:

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 of future acquisition or disposal of any relevant securities to which any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

22 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213