Form 8 (OPD) Capital & Counties Properties

RNS Number : 2658M
Capital & Counties Properties Plc
20 May 2022
 

FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1.  KEY INFORMATION

 

(a) Full name of discloser:

Capital & Counties Properties PLC

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

  The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.


(c) 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 (OFFEROR)

(d) Is the discloser the offeror or the offeree?

OFFEROR

(e) Date position held:

  The latest practicable date prior to the disclosure

20/05/2022

(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

  If it is a cash offer or possible cash offer, state "N/A"

YES

 

Shaftesbury PLC (OFFEREE)

 

2.  POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a)  Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 

Class of relevant security:

 

 

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

NIL

-

NIL

-

(2) Cash-settled derivatives:

 

NIL

-

NIL

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

NIL

-

NIL

-

 

  TOTAL:

NIL

-

NIL

-

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b)  Rights to subscribe for new securities

 

Class of relevant security in relation to which subscription right exists:

N/A

Details, including nature of the rights concerned and relevant percentages:

N/A

 

 

3.  POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

 

a)  Interests held by the Directors of Capital & Counties Properties PLC, their close relatives and related trusts:

 

Name

Number of ordinary shares of £0.25

% (2 decimal places)

Charlotte Boyle, close relatives and related trusts

15,052

0.00

Ian Hawksworth, close relatives and related trusts

909,492

0.11

Situl Jobanputra, close relatives and related trusts

100,000

0.01

Jonathan Lane, close relatives and related trusts

250,000

0.03

Michelle McGrath, close relatives and related trusts

40,000

0.00

Henry Staunton, close relatives and related trusts

350,000

0.04

 

b)  Interests held as options or awards under the Capital & Counties Properties PLC 2017 Performance Share Plan by the Directors of Capital & Counties Properties PLC, their close relatives and related trusts:

 

Name

Award type

Number of ordinary shares (under option)

Vesting date

Exercise price (per share ) (£)

Ian Hawksworth

Deferred bonus

29,528

08/05/2020

Nil

102,153

12/03/2021

Nil

44,722

29/03/2022

Nil

192,450

03/03/2023

Nil

171,782

28/02/2025

Nil

Performance share plan

1,112,490

03/03/2023

Nil

1,143,129

12/03/2024

Nil

1,221,945

28/02/2025

Nil

Situl Jobanputra

Deferred bonus

58,289

12/03/2021

Nil

28,986

29/03/2022

Nil

124,161

03/03/2023

Nil

114,074

28/02/2025

Nil

Performance share plan

738,763

03/03/2023

Nil

759,109

12/03/2024

Nil

811,597

28/02/2025

Nil

Michelle McGrath

Deferred bonus

92,601

28/02/2025

Nil

Performance share plan

514,030

03/03/2023

Nil

616,218

12/03/2024

Nil

682,397

28/02/2025

Nil

 

 

c)  Interests and short positions held by connected advisers of Capital & Counties Properties PLC

 

Name

Number of ordinary shares of £0.25

% (2 decimal places)

UBS Financial Services Inc.

185

0.00

 

 

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

4.  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 party to the offer making the disclosure or any person acting in concert with it:

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 party to the offer making the disclosure, or any person acting in concert with it, 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.

 

 

 

(c)  Attachments

 

Are any Supplemental Forms attached?

 

Supplemental Form 8 (Open Positions)

NO

Supplemental Form 8 (SBL)

NO

 

 

Date of disclosure:

20 May 2022

Contact name:

Ruth Pavey, Company Secretary

Telephone number:

020 3214 9170

 

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 disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
FEEAMMLTMTJTMPT
UK 100

Latest directors dealings