TIDMREDT

RNS Number : 9810G

Red24 PLC

11 August 2016

FORM 8 (OPD) - AMENDED

THE FOLLOWING FORM HAS BEEN AMENDED IN SECTION 3A FROM THE VERSION RELEASED ON 5 AUGUST 2016

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:                                                                    Red24 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. 
---------------------------------------------------------------------------------------------  --------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:        Red24 plc 
  Use a separate form for each offeror/offeree 
---------------------------------------------------------------------------------------------  --------------- 
 (d) Is the discloser the offeror or the offeree?                                               OFFEREE 
---------------------------------------------------------------------------------------------  --------------- 
 (e) Date position held:                                                                        11 August 2016 
  The latest practicable date prior to the disclosure 
---------------------------------------------------------------------------------------------  --------------- 
 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect   NO 
  of any other party to the offer? 
  If it is a cash offer or possible cash offer, state "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:                                                                 1p ordinary shares 
-----------------------------------------------------------------------------------  --------------------------------- 
                                                                                       Interests      Short positions 
-----------------------------------------------------------------------------------  -------------  ------------------ 
                                                                                       Number    %      Number      % 
-----------------------------------------------------------------------------------  ---------      -------------  --- 
 (1) Relevant securities owned and/or controlled:                                       Nil      0       Nil        0 
-----------------------------------------------------------------------------------  ---------      -------------  --- 
 (2) Cash-settled derivatives:                                                          Nil      0       Nil        0 
-----------------------------------------------------------------------------------  ---------      -------------  --- 
 (3) Stock-settled derivatives (including options) and agreements to purchase/sell:     Nil      0       Nil        0 
-----------------------------------------------------------------------------------  ---------      -------------  --- 
 
   TOTAL:                                                                               Nil      0       Nil        0 
-----------------------------------------------------------------------------------  ---------      -------------  --- 
 
   (b)        Rights to subscribe for new securities 
 
 Class of relevant security in relation to which subscription right exists:    None 
----------------------------------------------------------------------------  ----- 
 Details, including nature of the rights concerned and relevant percentages:   None 
----------------------------------------------------------------------------  ----- 
 
   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: 
-------------------------------------------------------------------------------------------- 
 

3(a) Shares held by directors of Red24 plc and their concert parties

 
 Director                       Number of     Percentage of 
                                Red24 plc    existing Red24 
                                   shares    plc shares (%) 
----------------------------  -----------  ---------------- 
 Simon Richards (Chairman)*    14,619,250             29.54 
----------------------------  -----------  ---------------- 
 Maldwyn Worsley-Tonks 
  (CEO)                           963,500              1.95 
----------------------------  -----------  ---------------- 
 John Mocatta (NED)**             701,754              1.42 
----------------------------  -----------  ---------------- 
 Lorraine Adlam (NED)              75,000              0.15 
----------------------------  -----------  ---------------- 
 Micky Brigg (NED)***           8,666,674             17.51 
----------------------------  -----------  ---------------- 
 

* of which 13,589,250 are held by Sidebell Limited, a company in which Mr. Richards is also a director and shareholder and 100,000 are owned by family.

** of which 681,754 are owned by the family and family trusts of John Mocatta

*** of which 4,981,500 are held by EMIS International Business Limited a company which is wholly owned by Mr. Brigg and 210,174 in the name of Mr. Brigg's partner

3(b) Directors' rights to subscribe to Red24 plc shares

 
 Director                     Number of Red24   Exercise Price 
                                   plc shares 
---------------------------  ----------------  --------------- 
 Simon Richards (Chairman) 
---------------------------  ----------------  --------------- 
 Maldwyn Worsley-Tonks 
  (CEO)                               750,000            10.5p 
---------------------------  ----------------  --------------- 
 John Mocatta (NED) 
---------------------------  ----------------  --------------- 
 Lorraine Adlam (NED) 
---------------------------  ----------------  --------------- 
 Micky Brigg (NED) 
---------------------------  ----------------  --------------- 
 
   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" 
------------------------------------------------------------------------------------------------ 
 
   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:    11 August 2016 
---------------------  --------------- 
 Contact name:          Nayana Bharti 
---------------------  --------------- 
 Telephone number:      0118 974 0876 
                         07917 357022 
---------------------  --------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 11, 2016 11:31 ET (15:31 GMT)

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