14 Oct 2019 14:30
LEI: 213800JSNTERD5CJZO95
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.
NOTIFICATION OF TRANSACTION
TO: | |||||
FROM: | Natural Person:
| ||||
Company: (1) Peel Chapel No.4 Limited (2) Goodweather Investment Management Limited | |||||
POSITION OF PDMR | PCA's of John Whittaker (Deputy Chairman) | ||||
COMPANY | intu properties plc | ||||
DATE OF TRANSACTION | 10th October 2019 | ||||
FINANCIAL INSTRUMENT | Ordinary shares of 50pISIN: 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 No.4 Limited: settlement of 23 tranches of the derivative financing arrangement notified on 12 October 2016, being the automatic cash settlement of 23 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: 3 May 201910 May 201917 May 201924 May 201931 May 2019 7 June 2019 14 June 2019 21 June 2019 28 June 2019 5 July 2019 12 July 2019 19 July 2019 26 July 2019 2 August 2019 9 August 2019 16 August 2019 23 August 2019 30 August 2019 6 September 2019 13 September 2019 20 September 2019 27 September 2019 4 October 2019
(each an "Expiry Date") (2) in respect of Peel Chapel No.4 Limited and Goodweather Investment Management Limited: on 11th October 2019 (on completion of a share purchase agreement entered into on 10th 2019), the subsequent intra-group transfer of 12,000,000 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). No Transferred Shares will be transferred out of the Peel Group by such transfer; and (3) 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 |
3 May 2019 | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
10 May 2019 | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
17 May 2019 | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
24 May 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
31 May 2019 | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
7 June 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
14 June 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
21 June 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
28 June 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
5 July 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
12 July 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
19 July 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
26 July 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
2 August 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
9 August 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
16 August 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
23 August 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
30 August 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
6 September 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
13 September 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
20 September 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
27 September 2019
| Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
4 October 2019 | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
11th October 2019 (completing agreement entered into on 10th October 2019) | (1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | £0.37 | 12,000,000 | £4,440,000 | |