21 Jan 2020 11:00
LEI: 213800JSNTERD5CJZO95
intu properties plc ("intu" or the "Company")
intu announces that it has been notified of the below transactions in the Company's ordinary shares of 50 pence each, undertaken by Persons Closely Associated with John Whittaker, Deputy Chairman and a non-executive Director of the Company.
Following these transactions, the beneficial shareholding of John Whittaker remains unchanged, being 370,224,572 ordinary shares representing 27.322% of the ordinary shares in issue.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Peel Chapel No.4 Limited | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| PCA of John Whittaker (Deputy Chairman) | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| intu properties plc | |||
b)
| LEI
| 213800JSNTERD5CJZ095 | |||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
| ||||
a)
| Description of the financial instrument, type of instrument | Ordinary Shares of 50p | |||
Identification code | ISIN: GB0006834344 | ||||
b)
| Nature of the transaction
| (i) Settlement of the final 11 tranches of the derivative financing arrangement notified on 12 October 2016, being the automatic cash settlement of such tranches of put options granted to Peel Chapel No.4 Limited, each tranche being over 1,060,000 shares in the issuer on each of:
11 October 2019 18 October 2019 25 October 2019 01 November 2019 08 November 2019 15 November 2019 22 November 2019 29 November 2019 06 December 2019 13 December 2019 20 December 2019
No shares in the issuer are being transferred by the Peel Group as a result of such settlements.
(ii) Following the final settlement of the derivative financing arrangement first notified on 16 June 2015 and amended and extended as notified on 12 October 2016, the security granted by Peel Chapel No.4 Limited to the counterparty, being a share pledge in respect of 53,000,000 Ordinary Shares, has been fully released on 20 January 2020. Such Ordinary Shares are therefore free from security.
| |||
c)
| Price(s) and volume(s) | ||||
Price(s) - GBP | Volume(s) | ||||
£2.55 (exercise price of put option) | 11 tranches of put options, each tranche being over 1,060,000 shares in the issuer | ||||
d)
| Aggregated information | N/A | |||
- Aggregated volume | |||||
- Price (GBP) | |||||
- Total | |||||
e)
| Date of the transaction
| See above. | |||
f)
| Place of the transaction
| Outside a trading venue. | |||