TIDMCAE

RNS Number : 2080T

Charteris PLC

15 November 2013

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) Identity of the party to the offer making the disclosure:                              Sword Soft Limited (Sword) 
-----------------------------------------------------------------------------------------  --------------------------- 
 (b) Owner or controller of interests and short positions disclosed, if different from 
 1(a): 
 The naming of nominee or vehicle companies is insufficient 
-----------------------------------------------------------------------------------------  --------------------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:    Charteris plc (Charteris) 
  Use a separate form for each party to the offer 
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 (d) Is the party to the offer making the disclosure the offeror or the offeree?            OFFEROR 
-----------------------------------------------------------------------------------------  --------------------------- 
 (e) Date position held:                                                                    15 November 2013 
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 (f) Has the party previously disclosed, or is it today disclosing, under the Code in       NO 
 respect                                                                                     If YES, specify which: 
 of any other party to this offer? 
-----------------------------------------------------------------------------------------  --------------------------- 
 
   2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE 

(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) Derivatives (other than options):                 Nil      0       Nil        0 
--------------------------------------------------  ---------      -------------  --- 
 (3) Options and agreements to purchase/sell:          Nil      0       Nil        0 
--------------------------------------------------  ---------      -------------  --- 
 
   TOTAL:                                              Nil      0       Nil        0 
--------------------------------------------------  ---------      -------------  --- 
 

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, 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:    None 
----------------------------------------------------------------------------  ----- 
 Details, including nature of the rights concerned and relevant percentages:   None 
----------------------------------------------------------------------------  ----- 
 

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.

   (c)        Irrevocable commitments and letters of intent 
 
 Details of any irrevocable commitments or letters of intent procured by the party to the offer 
  making the disclosure or any person acting in concert with it (see Note 3 on Rule 2.11 of 
  the Code): 
--------------------------------------------------------------------------------------------------- 
                                                                                Charteris Directors 
        The Charteris Directors named below have given irrevocable undertakings to vote (or procure 
                                                 the vote) in favour of the Acquisition as follows: 
                                                                            Number   % of Charteris 
                                                                      of Charteris           Shares 
                                                       Name                 Shares         in issue 
                                                       Allan Barr          166,667             0.33 
                                                       David Mann        7,864,431            15.65 
                                                       Chris Rees        6,622,211            13.18 
                                                       Total            14,653,309            29.16 
 
 
 
 
      These irrevocable undertakings include undertakings from the directors named above in respect 
     of their entire holdings of Charteris Shares to vote or procure the vote in favour the Special 
                                                                Resolutions at the General Meeting. 
                                               These irrevocable undertakings are conditional upon: 
            (i) the publication of this Announcement by not later than 6pm on 15 November 2013; and 
        (ii) the publication of the Offer Document within 28 days of the date of the publication of 
                            this Announcement or such later time as may be agreed by the Panel; and 
       (iii) the Offer becoming wholly unconditional on or before the date being 185 days following 
                                                                     the date of this Announcement. 
    These irrevocable undertakings will cease to be binding if the Offer does not become Effective, 
                                                            or lapses, in accordance with its terms 
                                                                     Other Irrevocable Undertakings 
         Sword has received irrevocable undertakings to vote (or procure the vote) in favour of the 
                Acquisition as follows from the following holder or controller of Charteris Shares: 
                                                                              Number    % of Active 
                                                                           of Active    Risk Shares 
                                                        Name             Risk Shares       in issue 
                                                        Cliff Preddy      11,222,211          22.33 
                                                        Richard Mann       1,848,000           3.68 
                                                        Edward Mann        1,848,000           3.68 
                                                        Total             14,918,211          29.66 
 
 
 
                                                  This irrevocable undertaking is conditional upon: 
            (i) the publication of this Announcement by not later than 6pm on 15 November 2013; and 
        (ii) the publication of the Offer Document within 28 days of the date of the publication of 
                            this Announcement or such later time as may be agreed by the Panel; and 
       (iii) the Offer becoming wholly unconditional on or before the date being 185 days following 
                                                                 the date of this Announcement; and 
        (iv) no person other than Sword or any person acting in concert with Sword announcing prior 
        to the date on which the Charteris Shareholders are required to vote in favour of the Offer 
    a firm intention (in accordance with Rule 2.7 of the Code) to make an offer (within the meaning 
          of the Code), which is not the subject of pre-conditions, to acquire all the equity share 
      capital of Charteris, other than that already owned by the person making such offer, on terms 
   which represent an improvement of 15 per cent. or more on the value of the consideration offered 
                                                                              under the Acquisition 
    These irrevocable undertakings will cease to be binding if the Offer does not become Effective, 
                                                            or lapses, in accordance with its terms 
--------------------------------------------------------------------------------------------------- 
 
   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 of any person acting in 
  concert with the party to the offer making the disclosure: 
------------------------------------------------------------------------------------------ 
 
   None 
------------------------------------------------------------------------------------------ 
 

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 3 for each additional class of relevant security.

Details of any open derivative or option positions, 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: 
  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:    15 November 2013 
---------------------  ----------------- 
 Contact name:          Richard Tall 
---------------------  ----------------- 
 Telephone number:      020 3465 4200 
---------------------  ----------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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