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INTU PROPERTIES PLC - Notification of Transaction

Release Date: 14/10/2019 15:30
Code(s): ITU     PDF:  
Wrap Text
Notification of Transaction

INTU PROPERTIES PLC
(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code:      ITU
LEI: 213800JSNTERD5CJZO95

intu announces that it has been notified of the below transactions in the Company's ordinary shares of 50
pence each, undertaken by Persons Closely Associated with John Whittaker, Deputy Chairman and a non-
executive director of the Company.

Following these transactions, the beneficial shareholding of John Whittaker remains unchanged, being
370,224,572 ordinary shares representing 27.322% of the ordinary shares in issue.


                                     NOTIFICATION OF TRANSACTION

 TO:

 FROM:                   Natural Person:



                         Company:

                         (1)    Peel Chapel No.4 Limited
                         (2)    Goodweather Investment Management Limited

 POSITION OF PDMR        PCA's of John Whittaker (Deputy Chairman)

 COMPANY                 intu properties plc

 DATE OF TRANSACTION     10th October 2019

 FINANCIAL               Ordinary shares of 50p
 INSTRUMENT              ISIN: GB0006834344

 INDENTIFICATION CODE    213800JSNTERD5CJZO95

 PLACE OF                Outside a trading venue
 TRANSACTION

 CURRENCY                Sterling (where applicable)

 NATURE OF THE            (1)   in respect of Peel Chapel No.4 Limited: settlement of 23 tranches of the derivative
 TRANSCTION                     financing arrangement notified on 12 October 2016, being the automatic cash
                                settlement of 23 tranches of put options granted to Peel Chapel No.4 Limited, each
                                tranche being over 1,060,000 shares in the issuer on each of:

                                3 May 2019
                                10 May 2019
                                17 May 2019
                                24 May 2019
                                31 May 2019
                                7 June 2019
                                14 June 2019
                                21 June 2019
                                28 June 2019
                                5 July 2019
                                12 July 2019
                                19 July 2019
                                26 July 2019
                                2 August 2019
                                9 August 2019
                                16 August 2019
                                23 August 2019
                                30 August 2019
                                6 September 2019
                                13 September 2019
                                20 September 2019
                                27 September 2019
                                4 October 2019

                           (each an "Expiry Date")

                    (2)    in respect of Peel Chapel No.4 Limited and Goodweather Investment
                           Management Limited: on 11th October 2019 (on completion of a share purchase
                           agreement entered into on 10th 2019), the subsequent intra-group transfer of
                           12,000,000 shares in the issuer (the "Transferred Shares") from Peel Chapel No.4
                           Limited to Goodweather Investment Management Limited (another Peel group
                           company and a PCA of John Whittaker). No Transferred Shares will be transferred
                           out of the Peel Group by such transfer; and

                    (3)    in respect of Goodweather Investment Management Limited: the grant, by GIML,
                           of security over the Transferred Shares following the relevant transfer.

DETAILS OF EACH     Date               Company          Price per         Volume      of   Total
TRANSACTION BEING                                       Financial         Financial
NOTIFIED                                                Instrument        Instruments

                    3 May 2019         Peel Chapel      £2.55 (exercise   1,060,000        £2,703,000
                                       No. 4 Limited    price of put
                                                        option)

                    10 May 2019        Peel Chapel      £2.55 (exercise   1,060,000        £2,703,000
                                       No. 4 Limited    price of put
                                                        option)

                    17 May 2019        Peel Chapel      £2.55 (exercise   1,060,000        £2,703,000
                                       No. 4 Limited    price of put
                                                        option)

                    24 May 2019        Peel Chapel      £2.55 (exercise   1,060,000        £2,703,000
                                       No. 4 Limited    price of put
                                                        option)

                    31 May 2019        Peel Chapel      £2.55 (exercise   1,060,000        £2,703,000
                                       No. 4 Limited    price of put
                                                        option)
7 June 2019     Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
                No. 4 Limited   price of put
                                option)

14 June 2019    Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
                No. 4 Limited   price of put
                                option)

21 June 2019    Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
                No. 4 Limited   price of put
                                option)

28 June 2019    Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
                No. 4 Limited   price of put
                                option)

5 July 2019     Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
                No. 4 Limited   price of put
                                option)

12 July 2019    Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
                No. 4 Limited   price of put
                                option)

19 July 2019    Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
                No. 4 Limited   price of put
                                option)

26 July 2019    Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
                No. 4 Limited   price of put
                                option)

2 August 2019   Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
                No. 4 Limited   price of put
                                option)

9 August 2019   Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
                No. 4 Limited   price of put
                                option)

16 August       Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
2019            No. 4 Limited   price of put
                                option)


23 August       Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
2019            No. 4 Limited   price of put
                                option)


30 August       Peel Chapel     £2.55 (exercise   1,060,000   £2,703,000
2019            No. 4 Limited   price of put
                                option)
                          6 September       Peel Chapel       £2.55 (exercise   1,060,000    £2,703,000
                          2019              No. 4 Limited     price of put
                                                              option)


                          13 September      Peel Chapel       £2.55 (exercise   1,060,000    £2,703,000
                          2019              No. 4 Limited     price of put
                                                              option)


                          20 September      Peel Chapel       £2.55 (exercise   1,060,000    £2,703,000
                          2019              No. 4 Limited     price of put
                                                              option)


                          27 September      Peel Chapel       £2.55 (exercise   1,060,000    £2,703,000
                          2019              No. 4 Limited     price of put
                                                              option)


                          4 October 2019    Peel Chapel       £2.55 (exercise   1,060,000    £2,703,000
                                            No. 4 Limited     price of put
                                                              option)

                          11th October      (1) Peel Chapel   £0.37             12,000,000   £4,440,000
                          2019              No. 4 Limited
                          (completing
                          agreement         (2)
                          entered into on   Goodweather
                          10th October      Investment
                          2019)             Management
                                            Limited




14 October 2019

JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited

Date: 14/10/2019 03:30:00
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