Rule 8.1 - Argo Acquisition Ltd re: Heritage Underwriting Agency plc
03 Abril 2008 - 6:07AM
UK Regulatory
Rule 8.1 - Argo Acquisition Ltd re: Heritage Underwriting Agency plc
FORM
8.1
DEALINGS BY OFFERORS, OFFEREE COMPANIES OR THEIR ASSOCIATES
FOR THEMSELVES OR FOR DISCRETIONARY CLIENTS
(Rules 8.1(a) and (b)(i) of the Takeover Code)
1. KEY INFORMATION
+-------------------------------------------------------------------+
| Name of person dealing | Argo Acquisition, Limited ("Argo |
| (Note 1) | Acquisition"), a wholly owned |
| | subsidiary of Argo Group |
| | International Holdings, Ltd. |
| | ("Argo") |
|----------------------------+--------------------------------------|
| Company dealt in | Heritage Underwriting Agency PLC |
|----------------------------+--------------------------------------|
| Class of relevant security | Ordinary shares of 10 pence each |
| to which the dealings | |
| being disclosed relate | |
| (Note 2) | |
|----------------------------+--------------------------------------|
| Date of dealing | 02 April 2008 |
+-------------------------------------------------------------------+
2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
(a) Interests and short positions (following dealing) in the
class of relevant security dealt in (Note 3)
+------------------------------------------------------------------------------------------------------------------+
| | Long | Short |
| | | |
|---------------+----------------------------------------------+---------------------------------------------------|
| |Number (%)|Number (%) |
| | | |
|---------------+----------------------------------------------+---------------------------------------------------|
|(1) Relevant |7,345,072 9.45% |NIL |
|securities | | NIL |
| | | |
|---------------+----------------------------------------------+---------------------------------------------------|
|(2) Derivatives|NIL |NIL |
|(other than |NIL |NIL |
|options) | | |
| | | |
|---------------+----------------------------------------------+---------------------------------------------------|
|(3) Options and|2,578,627 3.32% |NIL |
|agreements to | |NIL |
|purchase/sell | | |
| | | |
|---------------+----------------------------------------------+---------------------------------------------------|
|Total |9,923,699 12.77% |NIL |
| | |NIL |
+------------------------------------------------------------------------------------------------------------------+
(b) Interests and short positions in relevant securities of
the company, other than the class dealt in (Note 3)
+--------------------------------------------------------------------------+
|Class of | Long | Short |
|relevant | | |
|security: | | |
| | | |
|---------------+----------------------------+-----------------------------|
| |Number |Number |
| | (%) | (%) |
|---------------+----------------------------+-----------------------------|
|(1) Relevant | | |
|securities | | |
| | | |
|---------------+----------------------------+-----------------------------|
|(2) Derivatives| | |
|(other than | | |
|options) | | |
| | | |
|---------------+----------------------------+-----------------------------|
|(3) Options and| | |
|agreements to | | |
|purchase/sell | | |
| | | |
|---------------+----------------------------+-----------------------------|
|Total | | |
| | | |
+--------------------------------------------------------------------------+
(c) Rights to subscribe (Note 3)
+---------------------------------------+
| Class of relevant security: | Details |
| | |
|-----------------------------+---------|
| | |
+---------------------------------------+
3. DEALINGS (Note 4)
(a) Purchases and sales
+----------------------------------------------------------------+
| Purchase/sale | Number of securities | Price per unit (Note 5) |
| | | |
|---------------+----------------------+-------------------------|
| Purchase | 161,500 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 1,010,000 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 915,000 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 950,000 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 10,000 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 563,268 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 150,000 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 100,000 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 50,000 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 50,000 | GBp 153 |
|---------------+----------------------+-------------------------|
| Purchase | 410,000 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 2,845,304 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 120,000 | GBp 154 |
|---------------+----------------------+-------------------------|
| Purchase | 10,000 | GBp 153 |
+----------------------------------------------------------------+
(b) Derivatives transactions (other than options)
+-------------------------------------------------------------------+
| Product | Long/short (Note | Number of securities | Price per |
| name, | 6) | (Note 7) | unit (Note |
| e.g. CFD | | | 5) |
|----------+------------------+------------------------+------------|
| | | | |
| | | | |
+-------------------------------------------------------------------+
(c) Options transactions in respect of existing securities
(i) Writing, selling, purchasing or varying
+--------------------------------------------------------------------------------------------+
|Product |Writing, |Number of |Exercise|Type, e.g.|Expiry |Option money |
|name, |selling, |securities |price |American, |date |paid/received |
|e.g. call |purchasing, |to which the| |European | |per unit (Note|
|option |varying etc.|option | |etc. | |5) |
| | |relates | | | | |
| | |(Note 7) | | | | |
|-----------+------------+------------+--------+----------+-------------------+--------------|
|Agreement |Receiving |2,578,627 |Offer | |(a) on the lapse or|NIL |
|to transfer| | |price | |withdrawal of the | |
| | | | | |offer by Argo | |
| | | | | |Acquisition, | |
| | | | | |Limited; or | |
| | | | | |(b) if the offer | |
| | | | | |document is not | |
| | | | | |dispatched by Argo | |
| | | | | |Acquisition, | |
| | | | | |Limited on or | |
| | | | | |before 30 April | |
| | | | | |2008 | |
+--------------------------------------------------------------------------------------------+
(ii) Exercising
+-------------------------------------------------------------------+
| Product name, e.g. | Number of securities | Exercise price per |
| call option | | unit (Note 5) |
|--------------------+----------------------+-----------------------|
| | | |
| | | |
+-------------------------------------------------------------------+
(d) Other dealings (including new securities) (Note 4)
+-------------------------------------------------------------------+
| Nature of transaction | Details | Price per unit (if applicable) |
| (Note 8) | | (Note 5) |
| | | |
|-----------------------+---------+---------------------------------|
| | | |
| | | |
+-------------------------------------------------------------------+
4. OTHER INFORMATION
Agreements, arrangements or understandings relating to options or
derivatives
+-------------------------------------------------------------------+
| Full details of any agreement, arrangement or understanding |
| between the person disclosing and any other person relating to |
| the voting rights of any relevant securities under any option |
| referred to on this form or relating to the voting rights or |
| future acquisition or disposal of any relevant securities to |
| which any derivative referred to on this form is referenced. If |
| none, this should be stated. |
|-------------------------------------------------------------------|
| If so directed by Argo Acquisition, the Directors of Heritage |
| have agreed to transfer 2,578,627 Heritage Shares to Argo |
| Acquisition or as Argo Acquisition may direct at the Offer Price. |
| |
+-------------------------------------------------------------------+
Is a Supplemental Form 8 attached? (Note
9) YES
+-------------------------------------------------------------------+
| Date of disclosure | 03 April 2008 |
|--------------------------------+----------------------------------|
| Contact name | Charles Spencer |
|--------------------------------+----------------------------------|
| Telephone number | 020 7991 1505 |
|--------------------------------+----------------------------------|
| Name of offeree/offeror with | Argo Acquisition, Limited, and |
| which associated | Argo Group International |
| | Holdings, Ltd. |
|--------------------------------+----------------------------------|
| Specify category and nature of | Offeror |
| associate status (Note 10) | |
+-------------------------------------------------------------------+
Notes
The Notes on Form 8.1 can be viewed on the Takeover Panel's website
at www.thetakeoverpanel.org.uk
SUPPLEMENTAL FORM 8
DETAILS OF OPEN POSITIONS
(This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form
8.3, as appropriate)
OPEN POSITIONS (Note 1)
+--------------------------------------------------------------------------+
|Product |Written or|Number of |Exercise|Type, e.g.|Expiry date |
|name, |purchased |securities |price |American, | |
|e.g. call | |to which the|(Note 2)|European | |
|option | |option or | |etc. | |
| | |derivative | | | |
| | |relates | | | |
|-----------+----------+------------+--------+----------+------------------|
|Agreement |Receiving |2,578,627 |Offer | |(a) on the lapse |
|to transfer| | |price | |or withdrawal of |
| | | | | |the offer by Argo |
| | | | | |Acquisition, |
| | | | | |Limited; or |
| | | | | |(b) if the offer |
| | | | | |document is not |
| | | | | |dispatched by Argo|
| | | | | |Acquisition, |
| | | | | |Limited on or |
| | | | | |before 30 April |
| | | | | |2008 |
|-----------+----------+------------+--------+----------+------------------|
| | | | | | |
|-----------+----------+------------+--------+----------+------------------|
| | | | | | |
+--------------------------------------------------------------------------+
Notes
1. Where there are open option positions or open derivative positions
(except for CFDs), full details should be given. Full details of any
existing agreements to purchase or to sell should also be given on
this form.
2. For all prices and other monetary amounts, the currency must be
stated.
For details of the Code's dealing disclosure requirements, see Rule 8
and its Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk
- ---END OF MESSAGE---
Heritage Und. (LSE:HUA)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Heritage Und. (LSE:HUA)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
