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:

20 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:

7,689,831

0.90%

6,268,458

0.74%

(2) Cash-settled derivatives:

6,471,267

0.76%

6,329,224

0.74%

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

0

0.00%

0

0.00%

TOTAL: 

14,161,098

1.66%

12,597,682

1.48%

(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

122194

1.2300 GBP

1.2190 GBP

25p ordinary

Sale

248737

1.2300 GBP

1.2220 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

Closing Short

29,500

1.2228 GBP

25p ordinary

CFD

Decreasing Long

16

1.2281 GBP

25p ordinary

SWAP

Decreasing Long

668

26.8518 ZAR

25p ordinary

SWAP

Decreasing Long

896

26.6100 ZAR

25p ordinary

SWAP

Decreasing Long

1,536

26.8518 ZAR

25p ordinary

SWAP

Decreasing Long

2,153

26.4966 ZAR

25p ordinary

SWAP

Decreasing Long

2,557

26.7140 ZAR

25p ordinary

SWAP

Decreasing Long

3,039

1.2280 GBP

25p ordinary

SWAP

Decreasing Long

4,073

26.7760 ZAR

25p ordinary

CFD

Decreasing Long

4,073

1.2291 GBP

25p ordinary

SWAP

Decreasing Long

8,238

26.6608 ZAR

25p ordinary

SWAP

Decreasing Long

11,228

1.2269 GBP

25p ordinary

SWAP

Decreasing Long

19,148

26.6100 ZAR

25p ordinary

CFD

Decreasing Short

2,153

26.4893 ZAR

25p ordinary

CFD

Decreasing Short

2,557

26.7067 ZAR

25p ordinary

CFD

Decreasing Short

4,073

26.7680 ZAR

25p ordinary

SWAP

Decreasing Short

18,029

1.2291 GBP

25p ordinary

CFD

Increasing Long

10

1.2280 GBP

25p ordinary

CFD

Increasing Long

513

1.2219 GBP

25p ordinary

SWAP

Increasing Long

513

26.3600 ZAR

25p ordinary

SWAP

Increasing Long

863

1.2270 GBP

25p ordinary

SWAP

Increasing Long

1,362

26.6600 ZAR

25p ordinary

SWAP

Increasing Long

2,204

26.8518 ZAR

25p ordinary

SWAP

Increasing Long

2,494

1.2243 GBP

25p ordinary

SWAP

Increasing Long

2,582

1.2245 GBP

25p ordinary

SWAP

Increasing Long

4,846

1.2294 GBP

25p ordinary

SWAP

Increasing Long

5,439

26.4228 ZAR

25p ordinary

SWAP

Increasing Long

6,570

1.2283 GBP

25p ordinary

SWAP

Increasing Long

8,238

26.6608 ZAR

25p ordinary

SWAP

Increasing Long

8,592

1.2302 GBP

25p ordinary

SWAP

Increasing Long

10,022

26.6100 ZAR

25p ordinary

SWAP

Increasing Long

10,022

26.6100 ZAR

25p ordinary

SWAP

Increasing Long

19,121

26.6906 ZAR

25p ordinary

CFD

Increasing Long

96,772

1.2238 GBP

25p ordinary

CFD

Increasing Short

513

26.3679 ZAR

25p ordinary

SWAP

Increasing Short

1,362

26.6600 ZAR

25p ordinary

CFD

Increasing Short

5,439

26.4301 ZAR

25p ordinary

SWAP

Increasing Short

9,053

1.2219 GBP

25p ordinary

CFD

Increasing Short

19,121

26.6979 ZAR

25p ordinary

SWAP

Increasing Short

31,555

1.2253 GBP

(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:

21 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213