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 [phone].

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

 

END

 

 

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