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Barclays Capital Securities Ltd made a Form 8.5 disclosure on April 9, 2025, detailing its positions and dealings in Primary Health Properties PLC securities as of April 8, 2025, in connection with an offer involving Assura PLC. Following dealings, Barclays held total interests of 1.12% (14,946,472 shares) and total short positions of 1.17% (15,648,702 shares) in Primary Health Properties' 12.5p ordinary shares, plus 1.90% (2,855,000 bonds) in its Guaranteed Convertible Bonds. Dealings on April 8 included purchasing 985,396 ordinary shares at prices between £0.9270 and £0.9463, and selling 935,539 ordinary shares at prices between £0.9352 and £0.9445, alongside various cash-settled derivative transactions.
| Date | 9 Apr 2025 |
| Time | 11:35:21 |
| Category | Holding(s) in company |
| ID | 3359E |
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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 |
PRIMARY HEALTH PROPERTIES PLC |
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(c) |
Name of the party to the offer with which exempt |
ASSURA PLC |
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(d) |
Date position held/dealing undertaken: |
08 Apr 2025 |
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(e) |
In addition to the company in 1(b) above, is the exempt principal |
YES: |
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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: |
12.5p 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: |
4,831,677 |
0.36% |
11,655,871 |
0.87% |
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(2) Cash-settled derivatives: |
10,114,795 |
0.76% |
3,992,831 |
0.30% |
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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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14,946,472 |
1.12% |
15,648,702 |
1.17% |
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Class of relevant security: |
Guaranteed Convertible Bond XS2016141637 |
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Interests |
Short Positions |
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Number |
(%) |
Number |
(%) |
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(1) Relevant securities owned and/or controlled: |
2,855,000 |
1.90% |
0 |
0.00% |
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(2) Cash-settled derivatives: |
0 |
0.00% |
0 |
0.00% |
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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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2,855,000 |
1.90% |
0 |
0.00% |
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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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12.5p ordinary |
Purchase |
985396 |
0.9463 GBP |
0.9270 GBP |
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12.5p ordinary |
Sale |
935539 |
0.9445 GBP |
0.9352 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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12.5p ordinary |
SWAP |
Increasing Long |
8,587 |
0.9380 GBP |
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12.5p ordinary |
SWAP |
Increasing Long |
16,677 |
0.9401 GBP |
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12.5p ordinary |
SWAP |
Increasing Long |
22,489 |
0.9404 GBP |
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12.5p ordinary |
SWAP |
Increasing Long |
48,261 |
0.9416 GBP |
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12.5p ordinary |
SWAP |
Increasing Long |
121,745 |
0.9425 GBP |
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12.5p ordinary |
SWAP |
Decreasing Long |
3,333 |
0.9254 GBP |
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12.5p ordinary |
SWAP |
Decreasing Long |
1,480 |
0.9270 GBP |
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12.5p ordinary |
SWAP |
Decreasing Long |
3,766 |
0.9349 GBP |
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12.5p ordinary |
SWAP |
Decreasing Long |
20,676 |
0.9350 GBP |
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12.5p ordinary |
SWAP |
Decreasing Long |
3,069 |
0.9359 GBP |
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12.5p ordinary |
SWAP |
Decreasing Long |
4,736 |
0.9370 GBP |
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12.5p ordinary |
SWAP |
Decreasing Long |
28,647 |
0.9438 GBP |
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12.5p ordinary |
SWAP |
Decreasing Long |
205,422 |
0.9440 GBP |
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12.5p ordinary |
CFD |
Decreasing Short |
19,696 |
0.9330 GBP |
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12.5p ordinary |
CFD |
Decreasing Short |
889 |
0.9474 GBP |
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12.5p ordinary |
CFD |
Decreasing Short |
1 |
23.7800 ZAR |
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12.5p ordinary |
CFD |
Increasing Short |
14,202 |
0.9369 GBP |
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12.5p ordinary |
CFD |
Increasing Short |
2,870 |
0.9441 GBP |
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12.5p ordinary |
CFD |
Increasing Short |
889 |
23.4070 ZAR |
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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: |
09 Apr 2025 |
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Contact name: |
Large Holdings Regulatory Operations |
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Telephone number: |
020 3134 7213 |
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