RNS Number : 0298R
Bank of America Merrill Lynch
24 October 2019
 

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:

Bank of America Merrill Lynch

(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:

Capital & Counties Properties PLC

(d)

Date dealing undertaken:

23/10/2019

(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"

N/A

 

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

Common - ISIN GB00B62G9D36

Purchase

492,582

2.705 GBP

2.646 GBP

Common - ISIN GB00B62G9D36

Sale

725,558

2.705 GBP

2.654 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

Common - ISIN GB00B62G9D36

Swaps

Reducing a long position

 41,874

2.701 GBP

Common - ISIN GB00B62G9D36

Swaps

Reducing a long position

 26,898

2.701 GBP

Common - ISIN GB00B62G9D36

Swaps

Increasing a short position

 9,000

2.663 GBP

Common - ISIN GB00B62G9D36

Swaps

Opening a long position

 3,696

2.704 GBP

Common - ISIN GB00B62G9D36

Swaps

Reducing a long position

 377

2.705 GBP

Common - ISIN GB00B62G9D36

Swaps

Reducing a long position

 3,044

2.701 GBP

Common - ISIN GB00B62G9D36

Swaps

Reducing a short position

 20,000

2.667 GBP

Common - ISIN GB00B62G9D36

Swaps

Reducing a long position

 50,000

2.701 GBP

Common - ISIN GB00B62G9D36

Swaps

Reducing a long position

 8,619

2.701 GBP

Common - ISIN GB00B62G9D36

Swaps

Reducing a short position

 30,000

2.667 GBP

Common - ISIN GB00B62G9D36

Swaps

Closing a Short Position

 8,209

2.666 GBP

Common - ISIN GB00B62G9D36

Swaps

Closing a Short Position

 116

2.704 GBP

Common - ISIN GB00B62G9D36

Swaps

Reducing a long position

 17,727

2.701 GBP

Common - ISIN GB00B62G9D36

Swaps

Reducing a long position

 80,052

2.701 GBP

Common - ISIN GB00B62G9D36

Swaps

Opening a Short position

 8,209

2.695 GBP

Common - ISIN GB00B62G9D36

Swaps

Opening a Short position

 116

2.67 GBP

Common - ISIN GB00B62G9D36

Swaps

Increasing a long position

 2,700

2.705 GBP

Common - ISIN GB00B62G9D36

Swaps

Increasing a long position

 95

2.689 GBP

Common - ISIN GB00B62G9D36

Swaps

Reducing a long position

 21,786

2.701 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

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

(ii)

Exercise

Class of relevant security

Product description
e.g. call option

Exercising/
exercised
against

Number of
securities

Exercise Price per
unit

N/A

N/A

N/A

N/A

N/A

 

(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)

N/A

N/A

N/A

N/A

 

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:

24/10/2019

Contact name:

Tolu Tade

Telephone number:

+44207 996 3410

 

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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