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Barclays Capital Securities Ltd., an exempt principal trader, filed an updated Form 8.5 disclosure on 17 May 2024 regarding its position and dealings in Balanced Commercial Property Trust Ltd.'s 1p ordinary shares. This filing reported dealings on 15 April 2024, including the purchase of 223,402 shares and the sale of 208,701 shares, along with various cash-settled derivative transactions. Following these dealings, Barclays Capital Securities Ltd. held total interests of 2,776,658 shares (0.40%) and total short positions of 2,092,544 shares (0.30%) in Balanced Commercial Property Trust Ltd.
| Date | 17 May 2024 |
| Time | 17:04:08 |
| Category | Holding(s) in company |
| ID | 9805O |
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FORM 8.5 (EPT/NON-RI) |
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN |
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EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS |
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(OR WHERE RI STATUS IS NOT APPLICABLE) |
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Rule 8.5 of the Takeover Code (the "Code") |
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1. |
KEY INFORMATION |
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(a) |
Name of exempt principal trader: |
BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
BALANCED COMMERCIAL PROPERTY TRUST LTD |
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(c) |
Name of the party to the offer with which exempt |
BALANCED COMMERCIAL PROPERTY TRUST LTD |
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(d) |
Date position held/dealing undertaken: |
15 Apr 2024 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
NO |
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2. |
POSITIONS OF THE EXEMPT PRINCIPAL TRADER |
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(a) |
Interests and short positions in the relevant securities of the offeror or offeree |
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to which the disclosure relates following the dealing (if any) |
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Class of relevant security: |
1p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) Relevant securities owned and/or controlled: |
1,008,406 |
0.14% |
1,858,599 |
0.26% |
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(2) Cash-settled derivatives: |
1,759,597 |
0.25% |
233,945 |
0.03% |
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
0 |
0.00% |
0 |
0.00% |
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2,776,658 |
0.40% |
2,092,544 |
0.30% |
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(b) |
Rights to subscribe for new securities (including directors and other executive options) |
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Class of relevant security in relation to |
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Details, including nature of the rights |
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3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
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(a) |
Purchase and sales |
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Class of relevant |
Purchase/sale |
Total number of |
Highest price per unit |
Lowest price per unit |
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1p ordinary |
Purchase |
223402 |
0.8088 GBP |
0.7899 GBP |
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1p ordinary |
Sale |
208701 |
0.8088 GBP |
0.7899 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product description |
Nature of dealing |
Number of |
Price per |
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1p ordinary |
SWAP |
Opening Long |
651 |
0.8050 GBP |
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1p ordinary |
SWAP |
Opening Long |
840 |
0.7899 GBP |
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1p ordinary |
SWAP |
Opening Long |
2,070 |
0.8019 GBP |
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1p ordinary |
SWAP |
Opening Long |
2,667 |
0.7909 GBP |
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1p ordinary |
SWAP |
Opening Long |
2,868 |
0.7930 GBP |
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1p ordinary |
SWAP |
Opening Long |
4,558 |
0.7900 GBP |
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1p ordinary |
SWAP |
Opening Long |
6,129 |
0.7934 GBP |
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1p ordinary |
SWAP |
Opening Long |
8,248 |
0.7979 GBP |
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1p ordinary |
SWAP |
Opening Long |
17,450 |
0.7950 GBP |
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1p ordinary |
SWAP |
Opening Long |
33,748 |
0.7960 GBP |
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1p ordinary |
CFD |
Opening Short |
50 |
0.8116 GBP |
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1p ordinary |
CFD |
Opening Short |
1,999 |
0.7900 GBP |
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1p ordinary |
CFD |
Opening Short |
8,443 |
0.7910 GBP |
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1p ordinary |
CFD |
Opening Short |
10,000 |
0.7940 GBP |
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1p ordinary |
CFD |
Opening Short |
63,796 |
0.7989 GBP |
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1p ordinary |
CFD |
Opening Short |
75,838 |
0.8087 GBP |
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1p ordinary |
SWAP |
Opening Short |
651 |
0.8050 GBP |
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1p ordinary |
SWAP |
Opening Short |
2,868 |
0.7930 GBP |
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1p ordinary |
SWAP |
Opening Short |
4,558 |
0.7900 GBP |
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1p ordinary |
SWAP |
Opening Short |
17,450 |
0.7950 GBP |
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1p ordinary |
CFD |
Opening Long |
8,443 |
0.7910 GBP |
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1p ordinary |
CFD |
Opening Long |
75,838 |
0.8087 GBP |
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1p ordinary |
SWAP |
Closing Long |
651 |
0.8050 GBP |
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1p ordinary |
SWAP |
Closing Long |
2,868 |
0.7930 GBP |
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1p ordinary |
SWAP |
Closing Long |
4,558 |
0.7900 GBP |
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1p ordinary |
SWAP |
Closing Long |
17,450 |
0.7950 GBP |
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1p ordinary |
CFD |
Closing Short |
8,443 |
0.7910 GBP |
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1p ordinary |
CFD |
Closing Short |
75,838 |
0.8087 GBP |
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(c) |
Stock-settled derivative transactions (including options) |
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(i) |
Writing, selling, purchasing or varying |
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Class |
Product |
Writing, |
Number |
Exercise |
Type |
Expiry |
Option |
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(ii) |
Exercising |
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Class of relevant |
Product description |
Exercising/ exercised against |
Number of |
Exercise price per |
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(d) |
Other dealings (including subscribing for new securities) |
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Class of relevant |
Nature of Dealings |
Details |
Price per unit (if |
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4. |
OTHER INFORMATION |
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(a) |
Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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NONE |
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(b) |
Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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NONE |
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(c) |
Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? |
NO |
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Date of disclosure: |
17 May 2024 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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