12 Mar 2019 10:00
LEI: 213800JSNTERD5CJZO95
12 March 2019
NOTIFICATION OF TRANSACTION
TO: |
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FROM: | Natural Person:
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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 | 7 March 2019 | ||||
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 No.4 Limited: settlement of the ten tranches of the derivative financing arrangement notified on 12 October 2016, being the automatic cash settlement of ten 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: 22 February 20191 March 20198 March 201915 March 201922 March 201929 March 20195 April 201912 April 201918 April 201926 April 2019 (2) in respect of Peel Chapel No.4 Limited and Goodweather Investment Management Limited: 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). The first two tranches transferred on 8 March 2019. The subsequent transfers will take place as soon as practicable following the relevant cash settlement. Each such transfer will be at the closing price on the trading day immediately prior to the relevant transfer. No Transferred Shares will be transferred out of the Peel Group by such transfers; 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 |
22 February 2019 | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
8 March 2019 (completing transaction entered into on 7 March 2019) | (1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | £1.1170 | 1,060,000 | n/a | |
1 March 2019 | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 | |
8 March 2019 (completing transaction entered into on 7 March 2019) | (1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | £1.1685 | 1,060,000 | n/a | |
8 March 2019 (completing transaction entered into on 7 March 2019) | 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 trading day immediately prior to the transfer (transfer of Transferred Shares) | 1,060,000 | n/a | ||
15 March 2019 (completing transaction entered into on 7 March 2019) | 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 trading day immediately prior to the transfer (transfer of Transferred Shares) | 1,060,000 | n/a | ||
22 March 2019 (completing transaction entered into on 7 March 2019) | 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 trading day immediately prior to the transfer (transfer of Transferred Shares) | 1,060,000 | n/a | ||
| 29 March 2019 (completing transaction entered into on 7 March 2019) | 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 trading day immediately prior to the transfer (transfer of Transferred Shares) | 1,060,000 | n/a | |
| 5 April 2019 (completing transaction entered into on 7 March 2019) | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 |
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| (1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | Closing price on the trading day immediately prior to the transfer (transfer of Transferred Shares) | 1,060,000 | n/a |
| 12 April 2019 (completing transaction entered into on 7 March 2019) | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 |
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| (1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | Closing price on the trading day immediately prior to the transfer (transfer of Transferred Shares) | 1,060,000 | n/a |
| 18 April 2019 (completing transaction entered into on 7 March 2019) | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 |
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| (1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | Closing price on the trading day immediately prior to the transfer (transfer of Transferred Shares) | 1,060,000 | n/a |
| 26 April 2019 (completing transaction entered into on 7 March 2019) | Peel Chapel No. 4 Limited | £2.55 (exercise price of put option) | 1,060,000 | £2,703,000 |
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| (1) Peel Chapel No. 4 Limited (2) Goodweather Investment Management Limited | Closing price on the trading day immediately prior to the transfer (transfer of Transferred Shares) | 1,060,000 | n/a |