TIDMINTU TIDMTTM TIDMTTM
RNS Number : 4901E
Brookfield Property Group
18 October 2018
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: The consortium comprising Brookfield Property Group, The
Olayan Group ("Olayan") and The Peel
Group ("Peel") (together, the "Consortium")
(b) Owner or controller of interests and short positions In respect of Olayan, Olayan Investments Company
disclosed, if different from 1(a): Establishment, and in respect of Peel, Peel
The naming of nominee or vehicle companies is Holdings (IOM) Limited
insufficient. For a trust, the trustee(s),
settlor and beneficiaries must be named.
----------------------------------------------------------
(c) Name of offeror/offeree in relation to whose relevant Intu Properties PLC
securities this form relates:
Use a separate form for each offeror/offeree
----------------------------------------------------------
(d) Is the discloser the offeror or the offeree? OFFEROR
----------------------------------------------------------
(e) Date position held: 18 October 2018
The latest practicable date prior to the disclosure
----------------------------------------------------------
(f) In addition to the company in 1(c) above, is the N/A
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"
----------------------------------------------------------
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: Ordinary
Interests Short positions
----------------------------------------- ----------------------------------------
Number % Number %
-------------------------------- ------- -------------------------------- ------
396,914,800 (being the total of
(i) Peel holding 361,460,736
(through Peel Chapel No.1
Limited,
Peel Chapel No.2 Limited, Peel
Chapel No.3 Limited and Peel
Chapel No.4 Limited) and, (ii)
(1) Relevant securities owned Olayan holding 35,454,064
and/or controlled: through Crescent Holding GmbH) 29.29% Nil 0
-------------------------------- ------- -------------------------------- ------
(2) Cash-settled derivatives: Nil 0 53,000,000(1) (being the total 3.91%
short position of Peel Chapel
No.4 Limited)
-------------------------------- ------- -------------------------------- ------
(3) Stock-settled derivatives
(including options) and
agreements to purchase/sell: Nil 0 Nil 0
-------------------------------- ------- -------------------------------- ------
TOTAL: 396,914,800 29.29% 53,000,000 3.91%
-------------------------------- ------- -------------------------------- ------
(1() See supplemental form and paragraph 4(b) below for further
details.
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:
The following are persons acting in concert with Peel:
Name No of Shares %
Bexton Croft 1 Limited 71,150 0.005%
Carr Laund 2 Limited 85,621 0.006%
Castlewood Holdings 1 Limited 69,533 0.005%
Cheeseden Investments Limited 5,855,203 0.432%
DPP Limited 72,547 0.005%
Mug Shot 1 Limited 111,500 0.008%
Tokenhouse Investments Limited Staff Retirement Benefits Plan 2,460,157 0.182%
Patricia Ann Whittaker 28,875 0.002%
Steven Underwood 24,567 0.002%
Chris Eves 2,213 0.000%
Mark Whittaker 10,823 0.000%
Kay Whittaker 8,700 0.001%
John Christian Whittaker 1,320 0.000%
Thomas James Whittaker 1,390 0.000%
James Whittaker 6,104 0.000%
Kate Holland 4,957 0.000%
JP Whittaker 4,765 0.000%
Victoria Whittaker 2,510 0.000%
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"
N/A
(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"
The below disclosure is made in respect of Peel, in connection with a cash-settled collar
arrangement and related security dated 12 October 2016 (and announced to the market on 13
October 2016) and entered into by Peel Chapel No.4 Limited.
Class of Product description Number of Exercise Expiry Date
relevant Securities price per (1)
security to which unit
option or
derivative
relates
Ordinary Put/Call 1,060,000 Put: 255p 11 January
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 18 January
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 25 January
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 01 February
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 08 February
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 15 February
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 22 February
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 01 March
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 08 March
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 15 March
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 22 March
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 29 March
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 05 April
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 12 April
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 18 April
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 26 April
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 03 May 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 10 May 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 17 May 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 24 May 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 31 May 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 07 June 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 14 June 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 21 June 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 28 June 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 05 July 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 12 July 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 19 July 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 26 July 2019
option Call: 382.5p
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 02 August
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 09 August
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 16 August
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 23 August
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 30 August
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 06 September
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 13 September
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 20 September
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 27 September
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 04 October
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 11 October
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 18 October
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 25 October
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 01 November
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 08 November
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 15 November
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 22 November
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 29 November
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 06 December
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 13 December
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
Ordinary Put/Call 1,060,000 Put: 255p 20 December
option Call: 382.5p 2019
-------------------- ------------ -------------- -------------
(1) If any such date is not a trading day, the expiration date will be the next following
trading day, unless such day falls in the next calendar month, in which case the expiration
date will be the preceding trading day.
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
Supplemental Form 8 (SBL) YES
----
Date of disclosure: 18 October 2018
Contact name: Joe Hannon / Kush Nanjee
-------------------------
Telephone number: 020 7888 8888
-------------------------
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.
SUPPLEMENTAL FORM 8 (SBL)
DETAILS OF SECURITIES BORROWING AND LENDING AND
FINANCIAL COLLATERAL ARRANGEMENTS BY
PARTIES TO AN OFFER AND PERSONS ACTING IN CONCERT
Note 5(l) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Full name of person making disclosure: The consortium comprising Brookfield Property Group, The
Olayan Group ("Olayan") and The Peel
Group ("Peel") (together, the "Consortium"). Disclosures
made below are made in respect of
Peel.
Name of offeror/offeree in relation to whose relevant Intu Properties plc
securities this form relates:
----------------------------------------------------------
2. SECURITIES BORROWING AND LENDING/FINANCIAL COLLATERAL POSITIONS
Class of relevant security: Ordinary
Number %
------------- -----
Securities borrowed:
------------- -----
Securities lent (including securities subject to a security financial collateral arrangement
with right of use or a title transfer collateral arrangement): 53,000,000 3.91
------------- -----
Details of borrowed relevant securities which have been either
on-lent or sold do not need to be disclosed.
3. SECURITIES BORROWING AND LENDING/FINANCIAL COLLATERAL TRANSACTIONS
Class of relevant Nature of transaction Number of
security e.g. securities lending/borrowing, securities
delivery/receipt of recalled securities,
entering into financial collateral
arrangement with right of use,
entering into title transfer collateral
arrangement etc.
Existing right of use under cash-settled
collar arrangement and related
security dated 12 October 2016
(and announced to the market on
13 October 2016) and entered into
Ordinary by Peel Chapel (No.4) Limited. 53,000,000
------------------------------------------- ------------
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.
END
FEELLFSIIILTLIT
(END) Dow Jones Newswires
October 18, 2018 06:44 ET (10:44 GMT)
Intu Properties (LSE:INTU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Intu Properties (LSE:INTU)
Historical Stock Chart
From Jul 2023 to Jul 2024
