⌘K
t
Barclays Capital Securities Ltd, an exempt principal trader connected to CAB Payments Holdings PLC (an offeree in an offer also involving Stonex Group Inc), disclosed its opening position and dealings in CAB Payments Holdings PLC's 0.0331/3p ordinary shares on October 11, 2024. On this date, the firm purchased 220,798 ordinary shares and sold 261,758 ordinary shares, in addition to conducting multiple cash-settled derivative transactions. Following these dealings, Barclays Capital Securities Ltd held a total long position of 1.05% and a total short position of 0.95% in CAB Payments Holdings PLC's ordinary shares.
| Date | 14 Oct 2024 |
| Time | 11:55:29 |
| Category | Holding(s) in company |
| ID | 0904I |
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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: |
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BARCLAYS CAPITAL SECURITIES LTD |
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(b) |
Name of offeror/offeree in relation to whose |
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CAB PAYMENTS HOLDINGS PLC |
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relevant securities this form relates: |
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(c) |
Name of the party to the offer with which exempt |
CAB PAYMENTS HOLDINGS PLC |
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principal trader is connected |
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(d) |
Date position held/dealing undertaken: |
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11 Oct 2024 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
YES: |
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trader making disclosures in respect of any other party to the offer? |
STONEX GROUP INC |
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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: |
0.0331/3p ordinary |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) |
Relevant securities owned |
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and/or controlled: |
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428,951 |
0.17% |
2,014,771 |
0.79% |
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(2) |
Cash-settled derivatives: |
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and/or controlled: |
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2,232,512 |
0.88% |
405,674 |
0.16% |
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(3) |
Stock-settled derivatives (including options) |
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and agreements to purchase/sell: |
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0 |
0.00% |
0 |
0.00% |
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TOTAL: |
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2,661,463 |
1.05% |
2,420,445 |
0.95% |
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(b) |
Rights to subscribe for new securities (including directors and other executive |
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options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. |
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER |
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(a) |
Purchases 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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security |
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securities |
paid/received |
paid/received |
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0.0331/3p ordinary |
Purchase |
220,798 |
1.2480 GBP |
1.1900 GBP |
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0.0331/3p ordinary |
Sale |
261,758 |
1.2364 GBP |
1.1951 GBP |
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(b) |
Cash-settled derivative transactions |
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Class of |
Product |
Nature of dealing |
Number of |
Price per |
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relevant |
description |
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reference |
unit |
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security |
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securities |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
17,537 |
1.1824 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
3,089 |
1.1979 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
58,479 |
1.1988 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
4,967 |
1.2058 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
15,081 |
1.2089 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
4,989 |
1.2099 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
6,203 |
1.2100 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
698 |
1.2131 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
254 |
1.2156 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
5,740 |
1.2176 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
38,200 |
1.2199 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
180 |
1.2200 GBP |
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0.0331/3p ordinary |
SWAP |
Increasing Long |
6,700 |
1.2364 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
7,509 |
1.1943 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
12,558 |
1.1974 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
3,466 |
1.2048 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
1,133 |
1.2100 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
20,260 |
1.2105 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
3,123 |
1.2109 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
7,422 |
1.2121 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
1,752 |
1.2160 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
5,523 |
1.2167 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
31,780 |
1.2174 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
2,681 |
1.2210 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
12,853 |
1.2261 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
5,140 |
1.2284 GBP |
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0.0331/3p ordinary |
SWAP |
Decreasing Long |
179 |
1.2400 GBP |
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0.0331/3p ordinary |
CFD |
Increasing Long |
163 |
1.2059 GBP |
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0.0331/3p ordinary |
CFD |
Increasing Long |
25 |
1.2344 GBP |
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0.0331/3p ordinary |
CFD |
Decreasing Long |
329 |
1.2147 GBP |
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0.0331/3p ordinary |
CFD |
Decreasing Long |
8,637 |
1.2180 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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of |
description |
purchasing, |
of |
price |
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date |
money |
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relevant |
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selling, |
securities |
per unit |
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paid/ |
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security |
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varying etc |
to which |
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received |
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option |
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per unit |
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relates |
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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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security |
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securities |
unit |
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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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security |
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applicable) |
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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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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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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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the exempt principal trader making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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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: |
14 Oct 2024 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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