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:

02 Mar 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:

5,608,209

0.66%

8,405,576

0.99%

(2) Cash-settled derivatives:

8,536,618

1.00%

4,384,781

0.51%

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

0

0.00%

0

0.00%

TOTAL: 

14,144,827

1.66%

12,790,357

1.50%

(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

308881

1.2500 GBP

1.2311 GBP

25p ordinary

Sale

1873251

1.2490 GBP

1.2171 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

65,300

1.2368 GBP

25p ordinary

SWAP

Decreasing Long

2

26.8700 ZAR

25p ordinary

CFD

Decreasing Long

80

1.2355 GBP

25p ordinary

SWAP

Decreasing Long

284

27.0700 ZAR

25p ordinary

SWAP

Decreasing Long

465

27.1100 ZAR

25p ordinary

SWAP

Decreasing Long

1,247

27.1500 ZAR

25p ordinary

SWAP

Decreasing Long

1,722

1.2425 GBP

25p ordinary

SWAP

Decreasing Long

1,779

1.2470 GBP

25p ordinary

SWAP

Decreasing Long

1,869

27.1867 ZAR

25p ordinary

SWAP

Decreasing Long

2,246

1.2487 GBP

25p ordinary

CFD

Decreasing Long

7,235

1.2461 GBP

25p ordinary

SWAP

Decreasing Long

7,977

26.9772 ZAR

25p ordinary

SWAP

Decreasing Long

8,445

1.2485 GBP

25p ordinary

SWAP

Decreasing Long

9,135

1.2427 GBP

25p ordinary

CFD

Decreasing Long

9,553

1.2453 GBP

25p ordinary

SWAP

Decreasing Long

10,211

1.2417 GBP

25p ordinary

SWAP

Decreasing Long

10,795

1.2477 GBP

25p ordinary

SWAP

Decreasing Long

11,452

1.2426 GBP

25p ordinary

SWAP

Decreasing Long

22,700

1.2423 GBP

25p ordinary

SWAP

Decreasing Long

22,949

1.2293 GBP

25p ordinary

SWAP

Decreasing Long

33,479

1.2434 GBP

25p ordinary

CFD

Decreasing Short

2

26.8600 ZAR

25p ordinary

CFD

Decreasing Short

284

27.0625 ZAR

25p ordinary

SWAP

Decreasing Short

465

27.1100 ZAR

25p ordinary

CFD

Decreasing Short

588

27.1101 ZAR

25p ordinary

SWAP

Decreasing Short

1,247

27.1500 ZAR

25p ordinary

CFD

Decreasing Short

5,170

26.8633 ZAR

25p ordinary

CFD

Decreasing Short

6,054

26.9959 ZAR

25p ordinary

CFD

Decreasing Short

7,977

26.9697 ZAR

25p ordinary

SWAP

Decreasing Short

650,000

1.2472 GBP

25p ordinary

SWAP

Increasing Long

1,869

27.1867 ZAR

25p ordinary

CFD

Increasing Long

4,077

1.2171 GBP

25p ordinary

SWAP

Increasing Long

10,659

26.7881 ZAR

25p ordinary

SWAP

Increasing Long

34,579

1.2435 GBP

25p ordinary

CFD

Increasing Long

43,249

1.2395 GBP

25p ordinary

SWAP

Increasing Long

43,322

26.9618 ZAR

25p ordinary

SWAP

Increasing Long

130,749

1.2450 GBP

25p ordinary

SWAP

Increasing Long

286,068

1.2447 GBP

25p ordinary

SWAP

Increasing Short

6,596

1.2140 GBP

25p ordinary

SWAP

Increasing Short

7,000

1.2350 GBP

25p ordinary

CFD

Increasing Short

10,659

26.7955 ZAR

25p ordinary

SWAP

Increasing Short

11,000

1.2493 GBP

25p ordinary

CFD

Increasing Short

43,322

26.9698 ZAR

25p ordinary

SWAP

Opening Long

161,002

1.2417 GBP

25p ordinary

SWAP

Opening Long

245,085

1.2368 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:

03 Mar 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213