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Notification of Major Interest in Shares
INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code: ITU
NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY AND CONNECTED PERSONS
1. Name of the issuer 2. State whether the notification relates to (i) a
transaction notified in accordance with DTR
INTU PROPERTIES PLC 3.1.2 R, (ii) a disclosure made in
accordance with section 793 of the
Companies Act 2006, or (iii) in accordance
with paragraph 26 of the Model Code
TRANSACTION NOTIFIED IN
ACCORDANCE WITH DTR 3.1.2
3. Name of person discharging 4. State whether notification relates to a
managerial person connected with a person discharging
responsibilities/director managerial responsibilities/director named
in 3 and identify the connected person
JOHN WHITTAKER PEEL CHAPEL NO.4 LIMITED
5. Indicate whether the notification is in 6. Description of shares (including class),
respect of a holding of the person debentures or derivatives or financial
referred to in 3 or 4 above or in respect instruments relating to shares
of a non-beneficial interest
- ORDINARY SHARES OF 50P
BENEFICIAL HOLDING OF
PERSON MENTIONED IN BOX 4 - PUT OPTIONS AND CALL OPTIONS (AS
ABOVE PART OF FINANCING ARRANGEMENTS)
7. Name of registered shareholders(s) 8. State the nature of the transaction
and,
if more than one, the number of shares - ACQUISITION OF 22,258,276 ORDINARY
held by each of them SHARES BY PEEL CHAPEL NO.4 LIMITED
(THE "MARKET PURCHASE SHARES")
CHEMBANK NOMINEES LIMITED AND A DERIVATIVE TRANSACTION TO
PROVIDE FINANCING FOR SUCH
ACQUISITION
- AMENDMENT TO THE DERIVATIVE
FINANCING ARRANGEMENTS ENTERED
INTO ON 11 JUNE 2015 UNDER WHICH
PUT AND CALL OPTIONS (THE "2015
OPTIONS") WERE GRANTED OVER
30,741,724 ORDINARY SHARES (THE
"2015 OPTION SHARES") IN ORDER TO:
(1) EXTEND THE DERIVATIVE
FINANCING ARRANGEMENTS BY
GRANTING PUT AND CALL OPTIONS
(THE "NEW OPTIONS") OVER THE
MARKET PURCHASE SHARES IN
ADDITION TO THOSE IN RESPECT OF
THE 2015 OPTION SHARES; AND (2)
AMEND THE RANGE OF EXERCISE
PRICES IN RESPECT OF THE 2015
OPTIONS SO THAT THEY ARE
CONSISTENT WITH THE EXERCISE
PRICES RELATING TO THE NEW
OPTIONS GRANTED OVER THE MARKET
PURCHASE SHARES.
9. Number of shares, debentures or 10. Percentage of issued class acquired
financial instruments relating to shares (treasury shares of that class should not be
acquired taken into account when calculating
percentage)
? 22,258,276 MARKET PURCHASE
SHARES ACQUIRED 1.655% SHARES ACQUIRED THROUGH
? NEW PUT AND CALL OPTIONS MARKET PURCHASES
GRANTED OVER 22,258,276
MARKET PURCHASE SHARES
? AMENDMENT OF EXERCISE
PRICES IN RESPECT OF THE
2015 OPTION SHARES
RELATING TO 30,741,724
ORDINARY SHARES
11. Number of shares, debentures or 12. Percentage of issued class disposed
financial instruments relating to shares (treasury shares of that class should not be
disposed taken into account when calculating
percentage)
N/A
N/A
13. Price per share or value of transaction 14. Date and place of transaction
? THE ACQUISITION OF THE - ACQUISITION OF MARKET PURCHASE
22,258,276 MARKET PURCHASE SHARES TOOK PLACE ON 12 OCTOBER
SHARES TOOK PLACE AT A 2016 (LONDON)
PRICE OF £2.8902 PER SHARE - PUT AND CALL OPTIONS GRANTED ON
? THE PUT AND CALL OPTIONS 12 OCTOBER 2016 (LONDON)
GRANTED OVER THE MARKET
PURCHASE SHARES AND THE
2015 OPTION SHARES UNDER
THE AMENDED DERIVATIVE
FINANCING ARRANGEMENTS
HAVE A RANGE OF EXERCISE
PRICES FROM £2.55 to £3.825
PER SHARE
15. Total holding following notification 16. Date issuer informed of transaction
and
total percentage holding following 12 OCTOBER 2016
notification (any treasury shares should
not be taken into account when
calculating percentage)
358,977,415 SHARES (26.694% IN
TOTAL)
17. Any additional information 18. Name of contact and telephone number
for queries
THE MARKET PURCHASE
SHARES WERE FINANCED BY AN CHRIS EVES
ARRANGEMENT, UNDER WHICH 01624 827 503
PEEL CHAPEL NO.4 LIMITED HAS
(UNDER THE AMENDED
ARRANGEMENTS IN RESPECT OF
THE 2015 OPTION SHARES):
(i) PLEDGED THE MARKET
PURCHASE SHARES TO
THE COUNTERPARTY;
AND
(ii) GRANTED THE COUNTER-
PARTY THE RIGHT TO USE
THE MARKET PURCHASE
SHARES.
ON MATURITY OF THE
FINANCING ARRANGEMENT,
PC4L IS ENTITLED, AT ITS
ELECTION, TO SETTLE IN CASH
OR RETURN THE MARKET
PURCHASE SHARES AND THE
2015 OPTION SHARES TO THE
COUNTERPARTY
Susan Marsden
Group Company Secretary
020 7887 7004
Sponsor:
Merrill Lynch South Africa (Pty) Limited
Date: 13/10/2016 11:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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