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: | 2 March 2023 |
| (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 | 1,363,860
1,457,218 | 1.2490 GBP
1.2510 GBP | 1.2110 GBP
1.2140 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
| 2,919 10,270 7,132 1,775 901 27,089 12,525 18,353 6,303 12,698 570 49,121 3,590 2,857 1 3,387 7,132 436 3,367 378
26,714 379 21,635 76,853 436
937 1,783 4,477 3,362 8,158 28,971 4,980 1,909 8,036 1,761 17,682 40,140 821 7,132 7,132 | 1.2110 GBP 1.2174 GBP 1.2243 GBP 1.2270 GBP 1.2340 GBP 1.2367 GBP 1.2380 GBP 1.2390 GBP 1.2391 GBP 1.2406 GBP 1.2450 GBP 1.2451 GBP 1.2457 GBP 1.2474 GBP 1.2480 GBP 26.4200 ZAR 26.4600 ZAR 26.4700 ZAR 26.8000 ZAR 27.1100 ZAR
1.2175 GBP 1.2369 GBP 1.2382 GBP 1.2406 GBP 26.4652 ZAR
1.2140 GBP 1.2220 GBP 1.2287 GBP 1.2360 GBP 1.2374 GBP 1.2403 GBP 1.2410 GBP 1.2417 GBP 1.2431 GBP 1.2435 GBP 1.2445 GBP 1.2450 GBP 1.2470 GBP 26.4600 ZAR 26.6356 ZAR |
(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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|
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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) |
|
|
|
|
|
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
|
(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
|
Date of disclosure: | 3 March 2023 |
Contact name: | Natasha Mondon |
Telephone number: | 01202 325175 |
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.
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