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Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons
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 3.1.2 R, (ii) a
INTU PROPERTIES PLC disclosure made in accordance with section 793 of the
Companies Act 2006, or (iii) in accordance with
paragraph 26 of the Model Code
NOTIFICATION IN ACCORDANCE WITH DTR
3.1.2
3. Name of person discharging managerial 4 State whether notification relates to a person connected
responsibilities/director with a person discharging managerial
responsibilities/director named in 3 and identify the
JOHN WHITTAKER connected person
PEEL CHAPEL NO.1 LIMITED
PEEL CHAPEL NO.2 LIMITED
PEEL CHAPEL NO.3 LIMITED
5. Indicate whether the notification is in respect of a 6. Description of shares (including class), debentures or
holding of the person referred to in 3 or 4 above or derivatives or financial instruments relating to shares
in respect of a non-beneficial interest1
BENEFICIAL HOLDING OF PERSONS CONVERTIBLE BONDS AND ORDINARY
MENTIONED IN BOX 4 ABOVE SHARES OF 50p
7. Name of registered shareholder(s) and, if more 8. State the nature of the transaction
than one, the number of shares held by each of
them GRANT OF AN IRREVOCABLE UNDERTAKING
BY EACH OF THE PERSONS NAMED IN BOX 4
CHEMBANK NOMINEES LIMITED ABOVE IN FAVOUR OF THE ISSUER TO
PROCURE THE EXERCISE ON 1 JULY 2014 (OR
AS SOON AS PRACTICABLE THEREAFTER, BUT
IN ANY EVENT NO LATER THAN 4 JULY 2014)
OF CONVERSION RIGHTS IN RESPECT OF THE
£51,439,000 CONVERTIBLE BONDS HELD BY
EACH OF THEM (£154,317,000 CONVERTIBLE
BONDS IN TOTAL) IN THE ISSUER IN
ACCORDANCE WITH THE TERMS OF AND
CONDITIONS TO SUCH BONDS.
9. Number of shares, debentures or financial 10. Percentage of issued class acquired (treasury shares of
instruments relating to shares acquired that class should not be taken into account when
calculating percentage)
UNDER THE TERMS OF THE IRREVOCABLE
UNDERTAKING, THE PERSONS MENTIONED 3.34% OF ORDINARY SHARES (ASSUMING NO
IN BOX 4 ABOVE UNDERTAKE TO ADJUSTMENT OF THE CONVERSION PRICE
PROCURE THE CONVERSION OF, IN PRIOR TO CONVERSION)
AGGREGATE, £154,317,000 CONVERTIBLE
BONDS, RESULTING IN THE ISSUE OF
42,394,779 ORDINARY SHARES OF 50P IN
THE CAPITAL OF THE ISSUER (ASSUMING
NO ADJUSTMENT TO THE CONVERSION
PRICE PRIOR TO CONVERSION)
11. Number of shares, debentures or financial 12. Percentage of issued class disposed (treasury shares of
instruments relating to shares disposed that class should not be taken into account when
calculating percentage)
SEE BOXES 8 AND 9 ABOVE FOR A
DESCRIPTION OF THE UNDERTAKING TO N/A
EXERCISE THE CONVERSION RIGHTS IN
RESPECT OF THE CONVERTIBLE BONDS
UNDER THE IRREVOCABLE UNDERTAKING
13. Price per share or value of transaction 14. Date and place of transaction
THE CONVERSION OF THE CONVERTIBLE LONDON, 13 JUNE 2014
BONDS IN ACCORDANCE WITH THE TERMS
OF THE IRREVOCABLE UNDERTAKING
WILL TAKE PLACE AT A PRICE OF £3.64 PER
SHARE, IN ACCORDANCE WITH THE TERMS
OF AND CONDITIONS TO SUCH BONDS,
SUBJECT TO ANY FURTHER ADJUSTMENT
OF THE CONVERSION PRICE IN
ACCORDANCE WITH THE TERMS OF SUCH
BONDS
15. Total holding following notification and total 16. Date issuer informed of transaction
percentage holding following notification (any
treasury shares should not be taken into account 13 JUNE 2014
when calculating percentage)
TOTAL INTEREST IN ORDINARY SHARES
AT DATE OF IRREVOCABLE UNDERTAKING
252,282,673 (19.887%)
TOTAL INTEREST (INCLUDING SHARES
ISSUABLE ON CONVERSION OF
CONVERTIBLE BONDS)
294,677,452 (23.229%)
17. Any additional information 18. Name of contact and telephone number for queries
THE 42,394,779 SHARES WILL, UPON ISSUE, GILLIAN GELLING/CHRIS EVES
BE MADE SUBJECT TO AN EQUITABLE 01624 827503
CHARGE AS SECURITY FOR AN INTEREST
BEAERING LOAN MADE AVAILABLE TO
PEEL CHAPEL HOLDINGS (IOM) LIMITED
(INITIALLY NOTIFIED TO THE MARKET ON
3 FEBRUARY 2011).
16 June 2014
Simon Maynard
Assistant Company Secretary
0207 887 7108
Sponsor:
Merrill Lynch South Africa (Pty) Ltd
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