TIDMCHS

RNS Number : 9264W

Forte Bidco 1 Ltd

26 November 2010

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    Forte Bidco 1 Limited 
     offer making the disclosure: 
--------------------------------------  -------------------------------------- 
     (b) Owner or controller of          BMG RM Investments Luxembourg 
     interests and short positions       S.a.r.l. 
     disclosed, if different from 
     1(a): The naming of nominee or 
     vehicle companies is 
     insufficient 
--------------------------------------  -------------------------------------- 
     (c) Name of offeror/offeree in      Chrysalis plc 
     relation to whose relevant 
     securities this form relates: Use 
     a separate form for each party to 
     the offer 
--------------------------------------  -------------------------------------- 
     (d) Is the party to the offer       OFFEROR 
     making the disclosure the offeror 
     or the offeree? 
--------------------------------------  -------------------------------------- 
     (e) Date position held:             26 November 2010 
--------------------------------------  -------------------------------------- 
     (f) Has the party previously        NO 
     disclosed, or is it today 
     disclosing, under the Code in 
     respect 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      Nil     Nil      Nil       Nil 
     controlled: 
-------------------------------------------  -------  ----  -----------  ----- 
     (2) Derivatives (other than options):     Nil     Nil      Nil       Nil 
-------------------------------------------  -------  ----  -----------  ----- 
     (3) Options and agreements to             Nil     Nil      Nil       Nil 
     purchase/sell: 
-------------------------------------------  -------  ----  -----------  ----- 
     TOTAL:                                    Nil     Nil      Nil       Nil 
-------------------------------------------  -------  ----  -----------  ----- 
 

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   N/A 
  right exists: 
-------------------------------------------------------------  ---- 
 Details, including nature of the rights concerned              N/A 
  and relevant percentages: 
-------------------------------------------------------------  ---- 
 

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): 
------------------------------------------------------------- 
 Forte Bidco 1 Limited has received the following irrevocable 
  undertakings from the Directors and institutional 
  shareholders to vote in favour of the Scheme at the 
  Court Meeting and the resolutions to be proposed at 
  the General Meeting in respect of all of their own 
  beneficial shareholdings of Chrysalis Shares amounting, 
  in aggregate, to 49,299,577 Chrysalis Shares representing 
  approximately 73.42 per cent. of the existing issues 
  share capital of Chrysalis plc. 
------------------------------------------------------------- 
 Name of Holder Number of Shares Held Percentage Held 
  Chris Wright 18,484,915 27.53 % 
  Peter Lassman 1,364,600 2.03 % 
  Andrew Mollett 70,000 0.10 % 
  David Murrell 53,600 0.08 % 
  Jeremy Lascelles 13,623 0.02 % 
  North Atlantic Value LLP 9,500,000 14.15 % 
  Schroder Investment Management 10,400,401 15.49% 
  Guinness Peat Group Plc 9,412,438 14.02 % 
  Total 49,299,577 73.42 % 
------------------------------------------------------------- 
 

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:    26 November 2010 
---------------------  ----------------- 
 Contact name:          Sian Evans 
---------------------  ----------------- 
 Telephone number:      020 7986 8583 
---------------------  ----------------- 
 

In view of the requirement for confidentiality prior to this disclosure, Forte Bidco 1 Limited has not made enquiries of certain persons who are deemed (for the purposes of the Code on Takeovers and Mergers) to be acting in concert with Forte Bidco 1 Limited. Forte Bidco 1 Limited will update its position disclosure when additional information is provided.

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.

Appendix I Definitions

 
 Acquisition           the proposed acquisition by 
                        Forte Bidco 1 Limited of the 
                        entire issued and to be issued 
                        share capital of Chrysalis to 
                        be implemented by way of the 
                        Scheme, or if Forte Bidco 1 
                        Limited so determines in its 
                        absolute discretion, by means 
                        of the Offer 
 Chrysalis Shares      ordinary shares of 2 pence in 
                        the capital of Chrysalis plc 
 Court Meeting         the meeting of Scheme Shareholders 
                        (and any adjournment thereof) 
                        to be convened pursuant to an 
                        order of the Court pursuant 
                        to Part 26 of the 2006 Act for 
                        the purpose of considering the 
                        Scheme and, if thought fit, 
                        approving the Scheme (with or 
                        without amendment) 
 Directors             the directors of Chrysalis plc 
                        at the date of this document 
 General Meeting       the general meeting of Chrysalis 
                        shareholders to be convened 
                        by the notice to be set out 
                        at the end of the Scheme Document, 
                        including any adjournment thereof 
 Scheme                the proposed scheme of arrangement 
                        under Part 26 of the 2006 Act 
                        between Chrysalis and the Scheme 
                        Shareholders, as will be set 
                        out in the Scheme Document, 
                        with or subject to any modification 
                        thereof, addition thereto or 
                        condition which Forte Bidco 
                        1 Limited may agree and, if 
                        required, which the Court may 
                        think fit to approve or impose 
 Scheme Document       the document to be published 
                        and sent to Chrysalis plc shareholders 
                        containing the notices of the 
                        Court Meeting and the General 
                        Meeting and further information 
                        about the Scheme 
 Scheme Shareholders   the holders of Scheme Shares 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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