10 Oct 2022 11:31
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Capital & Counties Properties plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate Broker to Shaftesbury plc |
(d) Date dealing undertaken: | 7 October 2022 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | Yes, Shaftesbury plc |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
25p ordinary | Purchase
Sale | 446,234
570,581 | 1.0660 GBP
1.0660 GBP | 1.0400 GBP
1.0387 GBP |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
25p ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Short Position | 15,443 97,102 4,241
11,000 1,074 7,545 2,525 15,393 10,937 3,526 4,009 7,379 32,446 23,120 50 22,589 4,120 665 247 970 1,242 11,605 28,205 4,241
46,017 195,810 365 4 214 5,926 1,209 666 506 1,585 1,151 1,518 2,024 13,779 1,518 12,096 1,518 4,253 2,318
4,241 929 9,349 2,200 33,575 13,608 4,168 28,205 11,695 32,446
1,480 | 1.0400 GBP 1.0426 GBP 20.9000 ZAR
1.0398 GBP 1.0400 GBP 1.0404 GBP 1.0413 GBP 1.0415 GBP 1.0416 GBP 1.0420 GBP 1.0429 GBP 1.0432 GBP 1.0433 GBP 1.0438 GBP 1.0439 GBP 1.0440 GBP 1.0443 GBP 1.0444 GBP 1.0450 GBP 1.0461 GBP 1.0470 GBP 1.0475 GBP 20.8000 ZAR 20.8997 ZAR
1.0405 GBP 1.0427 GBP 1.0428 GBP 1.0430 GBP 1.0440 GBP 1.0475 GBP 20.9182 ZAR 20.9380 ZAR 20.9500 ZAR 20.9764 ZAR 20.9920 ZAR 20.9967 ZAR 21.0025 ZAR 21.0031 ZAR 21.0033 ZAR 21.0073 ZAR 21.0133 ZAR 21.0156 ZAR 21.0443 ZAR
1.0400 GBP 1.0401 GBP 1.0427 GBP 1.0430 GBP 1.0440 GBP 1.0441 GBP 1.0445 GBP 20.8000 ZAR 20.9878 ZAR 21.0096 ZAR
1.0260 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
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3. OTHER INFORMATION
(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
None
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(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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
None
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| Date of disclosure: | 10 October 2022 |
| Contact name: | Alwyn Basch |
| Telephone number: | 020 7742 7407 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.