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:

08 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:

8,956,867

1.05%

7,558,088

0.89%

(2) Cash-settled derivatives:

7,740,174

0.91%

7,537,757

0.89%

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

0

0.00%

0

0.00%

TOTAL: 

16,697,041

1.96%

15,095,845

1.77%

(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

177274

1.2277 GBP

1.2160 GBP

25p ordinary

Sale

375987

1.2280 GBP

1.2120 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

1,701

25.9816 ZAR

25p ordinary

SWAP

Decreasing Long

2,336

26.0500 ZAR

25p ordinary

SWAP

Decreasing Long

3,265

25.9298 ZAR

25p ordinary

CFD

Decreasing Long

4,112

1.2200 GBP

25p ordinary

SWAP

Decreasing Long

4,601

1.2237 GBP

25p ordinary

SWAP

Decreasing Long

5,463

26.0002 ZAR

25p ordinary

SWAP

Decreasing Long

18,931

25.9815 ZAR

25p ordinary

CFD

Decreasing Long

19,400

1.2243 GBP

25p ordinary

SWAP

Decreasing Long

19,837

25.9324 ZAR

25p ordinary

SWAP

Decreasing Long

29,657

1.2186 GBP

25p ordinary

SWAP

Decreasing Short

1,567

1.2195 GBP

25p ordinary

CFD

Decreasing Short

2,336

26.0428 ZAR

25p ordinary

SWAP

Decreasing Short

4,157

1.2145 GBP

25p ordinary

SWAP

Decreasing Short

4,422

1.2196 GBP

25p ordinary

CFD

Decreasing Short

5,463

25.9930 ZAR

25p ordinary

SWAP

Decreasing Short

15,211

1.2219 GBP

25p ordinary

SWAP

Decreasing Short

18,855

1.2206 GBP

25p ordinary

CFD

Decreasing Short

19,837

25.9246 ZAR

25p ordinary

SWAP

Decreasing Short

21,250

1.2191 GBP

25p ordinary

SWAP

Decreasing Short

22,789

1.2199 GBP

25p ordinary

SWAP

Increasing Long

498

1.2200 GBP

25p ordinary

SWAP

Increasing Long

1,701

25.9816 ZAR

25p ordinary

SWAP

Increasing Long

2,815

26.0100 ZAR

25p ordinary

SWAP

Increasing Long

3,265

25.9298 ZAR

25p ordinary

CFD

Increasing Long

4,112

1.2228 GBP

25p ordinary

SWAP

Increasing Long

7,498

1.2203 GBP

25p ordinary

SWAP

Increasing Long

10,130

25.9211 ZAR

25p ordinary

SWAP

Increasing Long

18,931

25.9815 ZAR

25p ordinary

SWAP

Increasing Long

19,719

1.2204 GBP

25p ordinary

SWAP

Increasing Long

23,474

25.0000 ZAR

25p ordinary

CFD

Increasing Long

73,304

1.2159 GBP

25p ordinary

CFD

Increasing Long

89,655

1.2188 GBP

25p ordinary

SWAP

Increasing Long

90,096

26.0007 ZAR

25p ordinary

SWAP

Increasing Short

2,000

1.2277 GBP

25p ordinary

CFD

Increasing Short

2,815

26.0171 ZAR

25p ordinary

SWAP

Increasing Short

7,573

1.2189 GBP

25p ordinary

CFD

Increasing Short

10,130

25.9282 ZAR

25p ordinary

SWAP

Increasing Short

14,500

1.2167 GBP

25p ordinary

CFD

Increasing Short

23,474

25.0068 ZAR

25p ordinary

CFD

Increasing Short

90,096

26.0085 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:

09 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213