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Barclays Capital Securities Ltd, an exempt principal trader connected to Balanced Commercial Property Trust Ltd, filed a Form 8.5 disclosure on 29 May 2024 detailing its positions and dealings in Balanced Commercial Property Trust Ltd's 1p ordinary shares as of 28 May 2024. On 28 May 2024, the firm reported total interests of 2,563,226 shares (0.37%) and total short positions of 1,676,084 shares (0.24%), having purchased 251,716 shares and sold 293,920 shares, in addition to various cash-settled derivative transactions.
| Date | 29 May 2024 |
| Time | 11:29:34 |
| Category | Holding(s) in company |
| ID | 2946Q |
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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: |
28 May 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: |
336,607 |
0.05% |
1,260,111 |
0.18% |
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(2) Cash-settled derivatives: |
2,226,619 |
0.32% |
415,973 |
0.06% |
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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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2,563,226 |
0.37% |
1,676,084 |
0.24% |
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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 |
251716 |
0.8053 GBP |
0.7950 GBP |
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1p ordinary |
Sale |
293920 |
0.8060 GBP |
0.7947 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 |
Closing Short |
74,640 |
0.7948 GBP |
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1p ordinary |
SWAP |
Decreasing Long |
240 |
0.7970 GBP |
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1p ordinary |
SWAP |
Decreasing Long |
495 |
0.8040 GBP |
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1p ordinary |
SWAP |
Decreasing Long |
1,415 |
0.8000 GBP |
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1p ordinary |
SWAP |
Decreasing Long |
2,316 |
0.8020 GBP |
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1p ordinary |
CFD |
Decreasing Long |
22,316 |
0.8053 GBP |
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1p ordinary |
SWAP |
Decreasing Long |
23,446 |
0.8049 GBP |
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1p ordinary |
CFD |
Decreasing Long |
25,576 |
0.7950 GBP |
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1p ordinary |
SWAP |
Decreasing Long |
63,562 |
0.7950 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
3,310 |
0.7990 GBP |
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1p ordinary |
SWAP |
Increasing Long |
100 |
0.8030 GBP |
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1p ordinary |
SWAP |
Increasing Long |
968 |
0.7949 GBP |
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1p ordinary |
SWAP |
Increasing Long |
1,779 |
0.8008 GBP |
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1p ordinary |
SWAP |
Increasing Long |
1,963 |
0.7989 GBP |
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1p ordinary |
CFD |
Increasing Long |
4,560 |
0.7983 GBP |
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1p ordinary |
SWAP |
Increasing Long |
6,979 |
0.7969 GBP |
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1p ordinary |
SWAP |
Increasing Long |
11,869 |
0.8022 GBP |
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1p ordinary |
CFD |
Increasing Long |
43,332 |
0.7950 GBP |
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1p ordinary |
SWAP |
Increasing Short |
54,016 |
0.7950 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: |
29 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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