27 Dec 2018 10:30
LEI: 213800JSNTERD5CJZO95
27 December 2018
NOTIFICATION OF TRANSACTION
TO: | Intu Properties plc | ||||
FROM: | Natural Person:
| ||||
Company: (1) Peel Chapel Group Limited (2) Peel Chapel No.4 Limited (3) Goodweather Investment Management Limited | |||||
POSITION OF PDMR | PCA's of John Whittaker (Deputy Chairman) | ||||
COMPANY | intu properties plc | ||||
DATE OF TRANSACTION | 21 December 2018 | ||||
FINANCIAL INSTRUMENT | Ordinary shares of 50p ISIN: GB0006834344 | ||||
INDENTIFICATION CODE | 213800JSNTERD5CJZO95 | ||||
PLACE OF TRANSACTION | Outside a trading venue | ||||
CURRENCY | Sterling (where applicable) | ||||
NATURE OF THE TRANSCTION | (1) in respect of Peel Chapel Group Limited: Grant of security (equitable charge) by Peel Chapel Group Limited over shares in wholly-owned subsidiary companies, the principal assets of which are, indirectly, 361,460,736 ordinary shares in the issuer. (2) in respect of Peel Chapel No.4 Limited: settlement of the first six tranches of the derivative financing arrangement notified on 12 October 2016, being the automatic cash settlement of the first six tranches of put options granted to Peel Chapel No.4 Limited, each tranche being over 1,060,000 shares in the issuer, no later than three business days following each of: 11 January 2019 18 January 2019 25 January 2019 1 February 2019 8 February 2019 15 February 2019 each an "Expiry Date". (3) in respect of Peel Chapel No.4 Limited and Goodweather Investment Management Limited: as soon as practicable following each such settlement described in (2) above, the subsequent intra-group transfer of each tranche of 1,060,000 shares in the issuer (the "Transferred Shares") from Peel Chapel No.4 Limited to Goodweather Investment Management Limited (another Peel group company and a PCA of John Whittaker). Each such transfer will be at the closing price on the relevant Expiry Date referred to above. No Transferred Shares will be transferred out of the Peel Group by such transfers; and (4) in respect of Goodweather Investment Management Limited: the grant, by GIML, of security over the Transferred Shares following the relevant transfer. | ||||
DETAILS OF EACH TRANSACTION BEING NOTIFIED | Date | Company | Price per Financial Instrument | Volume of Financial Instruments | Total |
21 December 2018 | Peel Chapel Group Limited | N/A (grant of security) | 361,460,736 | N/A | |
11 January 2019 (completing transaction entered into on 21 December 2018) | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
(1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | Closing price on the relevant Expiry Date referred to above | 1,060,000 | n/a | ||
18 January 2019 (completing transaction entered into on 21 December 2018) | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
(1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | Closing price on the relevant Expiry Date referred to above | 1,060,000 | n/a | ||
25 January 2019 (completing transaction entered into on 21 December 2018) | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
(1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | Closing price on the relevant Expiry Date referred to above | 1,060,000 | n/a | ||
1 February 2019 (completing transaction entered into on 21 December 2018) | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
(1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | Closing price on the relevant Expiry Date referred to above | 1,060,000 | n/a | ||
8 February 2019 (completing transaction entered into on 21 December 2018) | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
(1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | Closing price on the relevant Expiry Date referred to above | 1,060,000 | n/a | ||
| 15 February 2019 (completing transaction entered into on 21 December 2018) | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 |
| (1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | Closing price on the relevant Expiry Date referred to above | 1,060,000 | n/a | |