REG - Custodian Property - Form 8 (OPD)-Custodian Property Income REIT plc

Custodian Property Income ReitAnnouncement

30/01/2024 15:00

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RNS Number : 4090B  Custodian Property Income Reit PLC  30 January 2024

FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                     Custodian Property Income REIT plc ("CREI")
 (b) Owner or controller of interests and short positions disclosed, if
 different from 1(a):

      The naming of nominee or vehicle companies is insufficient.  For a
 trust, the trustee(s), settlor and beneficiaries must be named.
 (c) Name of offeror/offeree in relation to whose relevant securities this form  Custodian Property Income REIT plc
 relates:

      Use a separate form for each offeror/offeree
 (d) Is the discloser the offeror or the offeree?                                OFFEROR
 (e) Date position held:                                                         30 January 2024

      The latest practicable date prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making          YES - abrdn Property Income Trust Limited
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

 

(a)        Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates

 

 Class of relevant security:

                                                                      Interests      Short positions

                                                                      Number  %      Number    %
 (1) Relevant securities owned and/or controlled:                     Nil     0      Nil       0
 (2) Cash-settled derivatives:                                        Nil     0      Nil       0

 (3) Stock-settled derivatives (including options) and agreements to  Nil     0      Nil       0
 purchase/sell:
                                                                      Nil     0      Nil       0

      TOTAL:

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b)        Rights to subscribe for new securities

 

 Class of relevant security in relation to which subscription right exists:   N/a
 Details, including nature of the rights concerned and relevant percentages:  N/a

 

 

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO
THE OFFER MAKING THE DISCLOSURE

 

 Details of any interests, short positions and rights to subscribe (including
 directors' and other employee options) of any person acting in concert with
 the party to the offer making the disclosure:

 1.   Interest in CREI's 1p ordinary shares held by the directors of CREI and
 their close relatives and related trusts:

Owner                                                                          Number of shares held  %(1)
 Elizabeth McMeikan                                                             20,400                 0.00
 Chris Ireland                                                                  50,345                 0.01
 Malcolm Cooper                                                                 45,000                 0.01
 Hazel Adam                                                                     19,566                 0.00
 Ian Mattioli MBE(2)                                                            1,370,552              0.31
 MW Trustees Limited(3)                                                         1,715,339              0.39
 Clare Mattioli                                                                 837,554                0.19
 Laura Mattioli                                                                 1,493,457              0.34
 Alexandra Dariani                                                              652,604                0.15

 

 (1) CREI's issued share capital consists of 440,850,398 shares.

 (2) Including shares held jointly with his wife Clare Mattioli in a charitable
 trust under his control.

 (3) MW Trustees Limited is a trustee for certain family trusts in respect of
 which Ian Mattioli MBE and members of his family are beneficiaries.

 ( )

 2.   Interest in CREI's 1p ordinary shares held by persons acting in concert
 with CREI:

Owner                                                                        Relationship to CREI                Number of shares held  %
 Mattioli Woods plc ("MW") and its multi-asset fund clients manged by the MW  Owner of the Investment Manager     14,774,502             3.35
 Investments team on a discretionary basis(4)
 Richard Shepherd-Cross(5)                                                    Director of the Investment Manager  521,381                0.12
 Ed Moore(5)                                                                  Director of the Investment Manager  102,596                0.02
 Michael Wright(5)                                                            Director of the Investment Manager  152,622                0.03
 William Nixon(5)                                                             Director of the Investment Manager  3,007                  0.00

 

 (4) Ownership incorporates the control of voting rights through acting as
 discretionary investment manager on behalf of individual retail investors
 holding the beneficial interest.

 (5) Including shares held by close relatives.

 

(1) CREI's issued share capital consists of 440,850,398 shares.

(2) Including shares held jointly with his wife Clare Mattioli in a charitable
trust under his control.

(3) MW Trustees Limited is a trustee for certain family trusts in respect of
which Ian Mattioli MBE and members of his family are beneficiaries.

( )

 

2.   Interest in CREI's 1p ordinary shares held by persons acting in concert
with CREI:

 

 Owner                                                                        Relationship to CREI                Number of shares held  %
 Mattioli Woods plc ("MW") and its multi-asset fund clients manged by the MW  Owner of the Investment Manager     14,774,502             3.35
 Investments team on a discretionary basis(4)
 Richard Shepherd-Cross(5)                                                    Director of the Investment Manager  521,381                0.12
 Ed Moore(5)                                                                  Director of the Investment Manager  102,596                0.02
 Michael Wright(5)                                                            Director of the Investment Manager  152,622                0.03
 William Nixon(5)                                                             Director of the Investment Manager  3,007                  0.00

 

 

(4) Ownership incorporates the control of voting rights through acting as
discretionary investment manager on behalf of individual retail investors
holding the beneficial interest.

(5) Including shares held by close relatives.

 

 

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

 Details of any indemnity or option arrangement, or any agreement or
 understanding, formal or informal, relating to relevant securities which may
 be an inducement to deal or refrain from dealing entered into by the party to
 the offer making the disclosure or any person acting in concert with it:

 Irrevocable commitments and letters of intent should not be included. If there
 are no such agreements, arrangements or understandings, state "none"

 None

 

(b)        Agreements, arrangements or understandings relating to
options or derivatives

 

 Details of any agreement, arrangement or understanding, formal or informal,
 between the party to the offer making the disclosure, or any person acting in
 concert with it, and any other person relating to:

 (i)  the voting rights of any relevant securities under any option; or

 (ii) the voting rights or future acquisition or disposal of any relevant
 securities to which any derivative is referenced:

 If there are no such agreements, arrangements or understandings, state "none"

 None

 

(c)        Attachments

 

Are any Supplemental Forms attached?

 

 Supplemental Form 8 (Open Positions)  NO
 Supplemental Form 8 (SBL)             NO

 

 

 Date of disclosure:  30 January 2024
 Contact name:        Nathan Brown, Managing Director, Numis Securities Limited
 Telephone number:    0207 260 1000

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation
to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk
(http://www.thetakeoverpanel.org.uk) .

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