Form 8 (OPD) Invista Real Estate (INRE) (7094F)
19 Junio 2012 - 9:29AM
UK Regulatory
TIDMINRE
RNS Number : 7094F
Palmer Capital Partners Limited
19 June 2012
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 PALMER CAPITAL INVESTORS (INDIA) LIMITED
disclosure:
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(b) Owner or controller of interests and short positions NONE
disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient
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(c) Name of offeror/offeree in relation to whose relevant INVISTA REAL ESTATE INVESTMENT MANAGEMENT HOLDINGS 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 OFFEROR
offeror or the offeree?
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(e) Date position held: 18 JUNE 2012
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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
------------------------------------------------- ------------ ------------------
Number % Number %
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(1) Relevant securities owned and/or controlled: NIL NIL
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(2) Derivatives (other than options): NIL NIL
------------------------------------------------- -------- ------------- ---
(3) Options and agreements to purchase/sell: NIL NIL
------------------------------------------------- -------- ------------- ---
NIL NIL
TOTAL:
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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: NIL
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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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Irrevocable undertakings have been procured by the Offeror from two sources. Summaries of
the undertakings are as follows:
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Name: HBOS Insurance & Investment Group Limited
Relevant Securities: 145,550,000 ordinary shares and 50,000 preferred ordinary shares are
subject to the undertaking, including any additional shares in the Offeree in which the shareholder
may acquire an interest and may become entitled to exercise, or direct the manner of the exercise
of, the voting rights attaching to such shares, and any other shares attributable to or derived
from such shares.
Termination: The irrevocable terminates if (a) the scheme document is not posted within the
period permitted by the Takeover Panel (including any extension period); (b) the board of
directors withdraws its recommendation other than in response to a competing bid; (c) the
scheme of arrangement lapses; (d) a competing bid is announced, the value of which is equal
to or greater than 112.5% of the price to be offered by the Offeror; or (e) the Offeror elects
to switch from a scheme to a takeover offer and the consideration payable under such offer
involves the use of the cash resources of any member of the Offeree's group and/or the Panel
does not consent to such switch.
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Name: The Wellcome Trust Limited as trustee of the Wellcome Trust
Relevant Securities: 65,283,016 ordinary shares are subject to the undertaking, including
any additional shares in the Offeree in which the shareholder may acquire an interest and
may become entitled to exercise, or direct the manner of the exercise of, the voting rights
attaching to such shares, and any other shares attributable to or derived from such shares.
Termination: The irrevocable terminates if (a) the scheme document is not posted within the
period permitted by the Takeover Panel; (b) the scheme of arrangement lapses or is withdrawn,
unless prior to such event the Offeror has switched to a takeover offer; or (c) a competing
bid is announced, the value of which is equal to or greater than 112.5% of the price offered
by the Offeror.
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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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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 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: 19 June 2012
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Contact name: Fenchurch Advisory Partners Limited
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Telephone number: +44 (0)20 7382 2222
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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
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