RNS Number : 7117H
Gama Aviation PLC
21 March 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:

Gama Aviation plc

(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.

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Gama Aviation plc

(d) Is the discloser the offeror or the offeree?

OFFEREE

(e) Date position held:

The latest practicable date prior to the disclosure

19 March 2024

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

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

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

-

NIL

-

(2) Cash-settled derivatives:

NIL

-

NIL

-

(3) Stock-settled derivatives (including options) and

agreements to purchase/sell:

NIL

-

NIL

-

TOTAL:

NIL

-

NIL

-

 

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:
 

  

(a) Interests held by the directors of Gama Aviation plc, their close relatives and related trusts:
 

 

Shareholder

Number of Ordinary Shares in Gama Aviation plc

Percentage of total issued share capital

Peter Brown1

20,000

0.03%

Stephen Mount

10,000

0.02%

Chi Keung (Simon) To

130,000

0.20%

Total

160,000

0.25%

 

1All shares are held by Peter Brown's wife as the beneficial owner

 

(b) Interests held as options or awards under the share plans of Gama Aviation plc by the directors of Gama Aviation plc and their close relatives and related trusts
 

 

Option Holder

Number of options

Date of grant

Vesting date

Exercise price

Expiry date

Peter Brown

30,000

29-Mar-21

29-Mar-21

1 pence

28-Mar-31

Stephen Mount

40,000

29-Mar-21

29-Mar-21

1 pence

28-Mar-31

Total

70,000





 

Options granted to these directors vested immediately
 

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 agreement, 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:

21 March 2024

Contact name:

Mine Taylor

Telephone number:

+44 (0)7557 160 822

 

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.

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