Essenden PLC Form 8 (OPD) Essenden PLC (3273J)
02 Abril 2015 - 5:15AM
UK Regulatory
TIDMESS TIDMTTM TIDMTTM
RNS Number : 3273J
Essenden PLC
02 April 2015
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: ESSENDEN PLC
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(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.
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: ESSENDEN PLC
Use a separate form for each offeror/offeree
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(d) Is the discloser the offeror or the offeree? OFFEREE
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(e) Date position held: 1 APRIL 2015
The latest practicable date prior to the disclosure
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(f) In addition to the company in 1(c) above, is the discloser making disclosures in N/A
respect If YES, specify which:
of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
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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: ESSENDEN PLC 1p Ordinary shares
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Interests Short positions
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Number % Number %
------------------------------------------------------------------------ ------------ ---------- ------------- ---
(1) Relevant securities owned and/or controlled:
Georgica plc Share Incentive Scheme 104,064 0.208% NIL
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(2) Cash-settled derivatives: NIL NIL
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(3) Stock-settled derivatives (including options) and agreements to NIL NIL
purchase/sell:
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TOTAL: 104,064 0.208%
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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: Georgica Ltd
GBP1
redeemable
shares
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Details, including nature of the rights concerned and relevant percentages:
Nick Basing (CEO)
Richard Darwin (Finance Director) 100
34
Redeemable Shares issued under Essenden plc Share Incentive Scheme outlined in Notice of AGM
sent to shareholders in March 2010 and approved by Shareholders on 29(th) April 2010 which
under certain circumstances give the option for the redeemable shares in Georgica to be converted
into Essenden plc shares.
The Redeemable Shares may be redeemed by the participants at any time following 15th October
2012 and before 17th October 2016. In the event of a change of control of Essenden PLC ("Essenden"),
the Executive will be deemed to have served notice on Essenden of his intention to redeem
the Redeemable Shares and the Redemption Notification Date will be deemed to be the date on
which such change of control takes effect.
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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 (including directors' and
other employee options) of any person acting in concert with the party to the offer making
the disclosure:
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(1) Relevant securities owned and/or controlled:
Short positions
Harwood Capital / Christopher Mills (Non Executive Director) 17,103,892
NIL
Nicholas Oppenheim (Non-Executive Director) 2,125,388
Nick Basing (CEO) 205,412
Richard Darwin (Finance Director) 4,613
(i) Harwood Capital is associated with Christopher Mills, a non-executive director of the
Company
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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"
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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: 2 APRIL 2015
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Contact name: RICHARD DARWIN
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Telephone number: 0208 879 3932
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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 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
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