Form 8 (OPD)-Custodian Property Income REIT plc

Custodian Property Income Reit PLC

30 January 2024

 

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:	Custodian Property Income REIT plc ("CREI")
(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	Custodian Property Income REIT plc
(d) Is the discloser the offeror or the offeree?	OFFEROR
(e) Date position held:      The latest practicable date prior to the disclosure	30 January 2024
(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 - abrdn Property Income Trust Limited

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	0	Nil	0
(2) Cash-settled derivatives:	Nil	0	Nil	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	0	Nil	0
TOTAL:	Nil	0	Nil	0

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:

1.   Interest in CREI's 1p ordinary shares held by the directors of CREI and their close relatives and related trusts: Owner Number of shares held %1 Elizabeth McMeikan                     20,400        0.00 Chris Ireland                                 50,345        0.01 Malcolm Cooper                           45,000        0.01 Hazel Adam                                  19,566        0.00 Ian Mattioli MBE2                          1,370,552 0.31 MW Trustees Limited3                      1,715,339     0.39 Clare Mattioli 837,554 0.19 Laura Mattioli 1,493,457 0.34 Alexandra Dariani 652,604 0.15 1 CREI's issued share capital consists of 440,850,398 shares. 2 Including shares held jointly with his wife Clare Mattioli in a charitable trust under his control. 3 MW Trustees Limited is a trustee for certain family trusts in respect of which Ian Mattioli MBE and members of his family are beneficiaries. 2.   Interest in CREI's 1p ordinary shares held by persons acting in concert with CREI: Owner Relationship to CREI Number of shares held % Mattioli Woods plc ("MW") and its multi-asset fund clients manged by the MW Investments team on a discretionary basis4 Owner of the Investment Manager 14,774,502 3.35 Richard Shepherd-Cross5 Director of the Investment Manager 521,381 0.12 Ed Moore5 Director of the Investment Manager 102,596 0.02 Michael Wright5 Director of the Investment Manager 152,622 0.03 William Nixon5 Director of the Investment Manager 3,007 0.00 4 Ownership incorporates the control of voting rights through acting as discretionary investment manager on behalf of individual retail investors holding the beneficial interest. 5 Including shares held by close relatives.

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:	30 January 2024
Contact name:	Nathan Brown, Managing Director, Numis Securities Limited
Telephone number:	0207 260 1000

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 [phone].

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

 

END