Desire Petroleum PLC Form 8 (OPD) Desire Petroleum plc (9234P)
07 Octubre 2013 - 10:01AM
UK Regulatory
TIDMDES
RNS Number : 9234P
Desire Petroleum PLC
07 October 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 Desire Petroleum plc
disclosure:
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(b) Owner or controller of interests and short positions The Directors of Desire Petroleum plc, as set out in
disclosed, if different from 1(a): section 3.
The naming of nominee or vehicle companies is
insufficient
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(c) Name of offeror/offeree in relation to whose relevant Desire Petroleum plc
securities this form relates:
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 Offeree
offeror or the offeree?
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(e) Date position held: 7 October 2013
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(f) Has the party previously disclosed, or is it today No
disclosing, under the Code in respect
of any other party to this offer?
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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:
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Interests Short positions
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Number % Number %
-------------------------------------------------- --------- ------------- ---
(1) Relevant securities owned and/or controlled: Nil 0 Nil 0
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(2) Derivatives (other than options): Nil 0 Nil 0
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(3) Options and agreements to purchase/sell: Nil 0 Nil 0
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TOTAL: Nil 0 Nil 0
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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: Nil.
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Details, including nature of the rights concerned and relevant percentages: None.
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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):
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None.
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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:
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The following Directors of the company had the interests in ordinary shares of 1p in the capital
of Desire Petroleum plc as follows:
Director Number of shares
Mr S L Phipps 36,702,633
Dr I G Duncan 485,369
Mr E Wisniewski 30,000
Mr A G Windham 37,555
Mr R Lyons 75,000
Mr K Black 75,000
Mr K Black holds 500,000 share options in Desire Petroleum plc. The exercise period for the
options is from 12 September 2013 to 12 September 2017. The exercise price for the options
is 98.75 pence.
The following Directors of Desire Petroleum plc hold Share Appreciation Rights ("SARs") in
Desire Petroleum plc as follows: Director Number Base Date Exercise period
of SARs price of
award
Mr S L Phipps 903,807 33.07p 26-01-2006 Up to 23-01-2016
Dr I G Duncan 2,485,469 33.07p 26-01-2006 Up to 23-01-2016
Mr E Wisniewski 903,807 33.07p 26-01-2006 Up to 23-01-2016
Mr A G Windham 903,807 33.07p 26-01-2006 Up to 23-01-2016
Mr R Lyons 927,057 45.57p 26-02-2008 Up to 26-02-2018
16-01-2015 to
Mr K Black 400,473 22.50p 16-01-2012 16-01-2022
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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"
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None.
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(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"
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None
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(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
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Supplemental Form 8 (SBL) NO
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Date of disclosure: 7 October 2013
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Contact name: Eddie Wisniewski
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Telephone number: 0207 436 0423
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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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