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Barclays Capital Securities Ltd issued a Form 8.5 disclosure on 24 September 2024 regarding its dealings and positions in 1p ordinary shares of Balanced Commercial Property Trust Ltd as of 23 September 2024. Following these dealings, Barclays Capital Securities Ltd held total interests of 6,343,385 (0.90%) and total short positions of 5,560,571 (0.79%) in Balanced Commercial Property Trust Ltd. On 23 September 2024, the firm purchased 596,675 1p ordinary shares and sold 145,163 1p ordinary shares, in addition to multiple cash-settled SWAP transactions.
| Date | 24 Sept 2024 |
| Time | 11:31:49 |
| Category | Holding(s) in company |
| ID | 4502F |
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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: |
23 Sep 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: |
6,298,222 |
0.90% |
343,317 |
0.05% |
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(2) Cash-settled derivatives: |
45,163 |
0.01% |
5,217,254 |
0.74% |
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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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6,343,385 |
0.90% |
5,560,571 |
0.79% |
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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 |
596675 |
0.9520 GBP |
0.9507 GBP |
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1p ordinary |
Sale |
145163 |
0.9510 GBP |
0.9509 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 |
Decreasing Short |
1,732 |
0.9509 GBP |
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1p ordinary |
SWAP |
Decreasing Short |
13,021 |
0.9510 GBP |
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1p ordinary |
SWAP |
Increasing Short |
53,372 |
0.9509 GBP |
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1p ordinary |
SWAP |
Increasing Short |
265,287 |
0.9510 GBP |
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1p ordinary |
SWAP |
Increasing Short |
123,904 |
0.9511 GBP |
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1p ordinary |
SWAP |
Increasing Short |
25,341 |
0.9515 GBP |
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1p ordinary |
SWAP |
Increasing Short |
25,149 |
0.9520 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: |
24 Sep 2024 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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