J.P. Morgan Eq South Africa Prop Form 8.5 (EPT/NON-RI) - Intu Properties PLC (6203E)

TIDMINTU

RNS Number : 6203E

J.P. Morgan Eq South Africa Prop

19 October 2018

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 (a) Name of exempt principal trader:                        J.P. Morgan Equities South Africa Proprietary Ltd 
 (b) Name of offeror/offeree in relation to whose relevant   Intu Properties PLC 
 securities this form relates: 
 Use a separate form for each offeror/offeree 
                                                            ---------------------------------------------------------- 
 (c) Name of the party to the offer with which exempt        Financial advisor to a consortium comprising The Peel 
 principal trader is connected:                              Group, The Olayan Group and funds or 
                                                             vehicles which are managed or advised by Brookfield 
                                                             Property Group 
                                                            ---------------------------------------------------------- 
 (d) Date position held/dealing undertaken:                  18 October 2018 
 For an opening position disclosure, state the latest 
 practicable date prior to the disclosure 
                                                            ---------------------------------------------------------- 
 (e) In addition to the company in 1(b) above, is the        N/A 
 exempt principal trader making disclosures 
 in respect of any other party to the offer? 
 If it is a cash offer or possible cash offer, state "N/A" 
                                                            ---------------------------------------------------------- 
 
   2.         POSITIONS OF THE EXEMPT PRINCIPAL TRADER 

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(b), 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 following the dealing (if any)

 
 Class of relevant security:                                                                Ordinary Shares 
                                                                                     Interests        Short positions 
                                                                                 -----------------  ------------------ 
                                                                                   Number      %       Number      % 
                                                                                 ----------  -----  -----------  ----- 
 (1) Relevant securities owned and/or controlled:                                 9,773,098   0.72     11,176     0.00 
                                                                                 ----------  -----  -----------  ----- 
 (2) Cash-settled derivatives:                                                     11,176     0.00   9,773,098    0.72 
                                                                                 ----------  -----  -----------  ----- 
 (3) Stock-settled derivatives (including options) and agreements to 
 purchase/sell: 
                                                                                 ----------  -----  -----------  ----- 
 
   TOTAL:                                                                         9,784,274   0.72   9,784,274    0.72 
                                                                                 ----------  -----  -----------  ----- 
 

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).

   (b)        Rights to subscribe for new securities (including directors' and other employee options) 
 
 Class of relevant security in relation to which subscription right exists: 
 Details, including nature of the rights concerned and relevant percentages: 
 
 
   3.         DEALINGS (IF ANY) 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 3(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      Purchases/ sales       Total number of       Highest price per unit   Lowest price per unit 
        security                                   securities              paid/received            paid/received 
                                                                               (ZAR)                    (ZAR) 
     Ordinary Share          Purchases               53,026                   33.3281                  33.2100 
 
                                Sales                 37,164                   33.3900                  33.1717 
                         -----------------  ------------------------  -----------------------  ----------------------- 
 
   (b)        Cash-settled derivative transactions 
 
    Class of relevant       Product description      Nature of dealing         Number of reference      Price per unit 
         security                 e.g. CFD         e.g. opening/closing a           securities               (ZAR) 
                                                    long/short position, 
                                                   increasing/reducing a 
                                                    long/short position 
      Ordinary Share            Equity Swap                 Long                      3,086                33.1717 
                                                                                      17,039                33.3281 
 
                                                            Short                       241                 33.2100 
                                                                                      17,236                33.2500 
                                                                                      18,510                33.2992 
                           --------------------  -------------------------  -------------------------  --------------- 
 
   (c)        Stock-settled derivative transactions (including options) 
   (i)         Writing, selling, purchasing or varying 
 
   Class of       Product        Writing,      Number of       Exercise          Type       Expiry date   Option money 
   relevant     description    purchasing,     securities      price per         e.g.                        paid/ 
   security      e.g. call       selling,       to which         unit         American,                   received per 
                   option      varying etc.      option          (ZAR)         European                       unit 
                                                relates                          etc.                        (ZAR) 
 
 
   (ii)        Exercise 
 
   Class of relevant      Product description   Exercising/ exercised    Number of securities     Exercise price per 
        security            e.g. call option           against                                           unit 
                                                                                                        (ZAR) 
 
 
   (d)        Other dealings (including subscribing for new securities) 
 
 Class of relevant security         Nature of dealing          Details   Price per unit (if applicable) 
                               e.g. subscription, conversion                          (ZAR) 
 
 
   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 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 
 
   (c)        Attachments 
 
 Is a Supplemental Form 8 (Open Positions) attached?   No 
 
 
 Date of disclosure:    19 October 2018 
 Contact name:          Alwyn Basch 
                       ---------------- 
 Telephone number:      020 7742 7407 
                       ---------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. 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.

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 [e-mail] or visit www.rns.com.

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October 19, 2018 05:52 ET (09:52 GMT)