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:

31 Jan 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:

9,174,826

1.08%

7,182,667

0.84%

(2) Cash-settled derivatives:

7,342,063

0.86%

7,786,799

0.91%

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

0

0.00%

0

0.00%

TOTAL: 

16,516,889

1.94%

14,969,466

1.76%

(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

410423

1.1540 GBP

1.1368 GBP

25p ordinary

Sale

452897

1.1528 GBP

1.1400 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

80,171

1.1465 GBP

25p ordinary

SWAP

Decreasing Long

235

24.5900 ZAR

25p ordinary

CFD

Decreasing Long

268

1.1461 GBP

25p ordinary

CFD

Decreasing Long

309

1.1500 GBP

25p ordinary

SWAP

Decreasing Long

2,250

24.8621 ZAR

25p ordinary

SWAP

Decreasing Long

2,851

24.6870 ZAR

25p ordinary

SWAP

Decreasing Long

27,655

1.1482 GBP

25p ordinary

SWAP

Decreasing Long

39,598

1.1500 GBP

25p ordinary

CFD

Decreasing Long

63,570

1.1410 GBP

25p ordinary

SWAP

Decreasing Long

66,817

24.6682 ZAR

25p ordinary

CFD

Decreasing Short

25

24.8300 ZAR

25p ordinary

SWAP

Decreasing Short

60

1.1518 GBP

25p ordinary

SWAP

Decreasing Short

235

24.5900 ZAR

25p ordinary

SWAP

Decreasing Short

465

1.1528 GBP

25p ordinary

SWAP

Decreasing Short

1,604

1.1479 GBP

25p ordinary

CFD

Decreasing Short

1,664

24.6589 ZAR

25p ordinary

CFD

Decreasing Short

2,250

24.8552 ZAR

25p ordinary

CFD

Decreasing Short

2,851

24.6802 ZAR

25p ordinary

SWAP

Decreasing Short

3,393

1.1430 GBP

25p ordinary

SWAP

Decreasing Short

3,507

1.1519 GBP

25p ordinary

SWAP

Decreasing Short

8,533

1.1499 GBP

25p ordinary

SWAP

Decreasing Short

10,323

1.1463 GBP

25p ordinary

SWAP

Decreasing Short

22,492

1.1454 GBP

25p ordinary

CFD

Decreasing Short

66,817

24.6608 ZAR

25p ordinary

SWAP

Increasing Long

568

24.7400 ZAR

25p ordinary

CFD

Increasing Long

577

1.1500 GBP

25p ordinary

SWAP

Increasing Long

2,478

24.6011 ZAR

25p ordinary

SWAP

Increasing Long

3,245

24.5000 ZAR

25p ordinary

SWAP

Increasing Long

6,003

1.1530 GBP

25p ordinary

SWAP

Increasing Long

19,551

1.1493 GBP

25p ordinary

SWAP

Increasing Long

22,150

1.1487 GBP

25p ordinary

CFD

Increasing Short

568

24.7467 ZAR

25p ordinary

CFD

Increasing Short

2,478

24.6079 ZAR

25p ordinary

CFD

Increasing Short

3,245

24.5073 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:

01 Feb 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213