Form 8.5 (EPT/RI)
Disclosure of public behavior by an exempt principal trader with recognized intermediary status acting in a capacity to serve clients
Rule 8.5 of the Takeover Code (the “Code”)
1. Key Information
| (a) Name of principal dealer exempted: | Investec Bank plc |
| (b) Name of offeror/offeree in respect of securities relating to this form:
Use a separate form for each proposer/offeree |
Eddyston Property Investment Company plc |
| (c) the name of the party to the proposal with whom the exempt principal trader is connected: | Investec is the broker for Addison Property Investment Company plc, and is the lead financial advisor for this review. |
|
(d) Date of Transaction: |
13 April 2023 |
| (e) Apart from the company in 1(b) above, is the exempt principal trader making disclosures in relation to any other party to this offer?
If it is a cash offer or potential cash offer, state “N/A”. |
no |
2. Dealings by discount principal merchant
1 (b), copy for each excess, the offeror named in Schedule 2 (a), (b), (c) or (d) (as appropriate) has dealt in the relevant securities of more than one class of offerors. Behavior in the corresponding security class.
All prices and other monetary amounts must be stated in currency.
(a) Purchases and Sales
| Class of relevant security | Purchase/Sell | Total number of securities | Highest price paid/received per unit | Minimum price paid/received per unit |
|
ordinary shares |
Buy it |
1 |
1 |
1 |
|
ordinary shares |
sales |
11,952 |
157,975 |
67,448 |
(b) Cash-Settled Derivative Transactions
| Class of relevant security | Product details
such as CFD |
Nature of behavior
Like open/close long/short positions, increase/decrease long/short positions |
Number of reference securities | Price per unit |
(c) Stock-settled derivative transactions (including options)
(i) WRITING, SALE, PURCHASE OR DIFFERENCE
| Class of relevant security | Product details Like the call option | Writing, buying, selling, difference etc. | The number of securities to which the option relates | Exercise price per unit | Type it
Like American, European etc. |
Expiration date | Option money paid/received per unit |
(ii) Exercise
| Class of relevant security | Product details
Like the call option |
Exercising/exercising against | Number of securities | Exercise price per unit |
(d) Other transactions (including subscription for new securities)
| Class of relevant security | The nature of the behavior
Like subscription, conversion |
Details | Price per unit (if applicable) |
3. Other Information
(a) Compensation and Other Behavioral Arrangements
| Details of any compensation or option arrangement, or any agreement or understanding, formal or informal, relating to the relevant securities, which disclosure may be an inducement to engage in or prevent transactions entered into by the principal trader and any party to the offer. Any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there is no such agreement, arrangement or understanding, say “none”. |
(b) Contracts, arrangements or understandings relating to options or derivatives
| Exemption from disclosure Any agreement, arrangement or understanding, formal or informal, between the principal trader and other persons related thereto:
(i) the voting rights of any relevant Securities under any Option; or (ii) voting rights or future acquisition or disposal of any relevant securities to which any derivative refers; If there is no such agreement, arrangement or understanding, say “none”. |
| Disclosure Date: | 14 April 2023 |
| Contact Name: | Jack Lovis |
| Telephone Number: | +44 207 597 4815 |
Public disclosures under Rule 8 of the Code must be made to the Regulatory Information Service.
The Panel’s Market Surveillance Unit is available on +44 (0)20 7638 0129 for consultation in relation to the code’s behavioral disclosure requirements.
The code can be viewed on the panel’s website www.thetakeoverpanel.org.uk.
