Straight PLC Form 8 (OPD) (4570A)
19 Febrero 2014 - 8:08AM
UK Regulatory
TIDMSTT
RNS Number : 4570A
Straight PLC
19 February 2014
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 disclosure: Straight 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
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Straight plc
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 or the offeree? OFFEREE
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(e) Date position held: 19 February 2014
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(f) Has the party previously disclosed, or is it today disclosing, under the Code in respect NO
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
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Number % Number %
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(1) Relevant securities owned and/or controlled: Nil 0 Nil 0
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(2) Derivatives (other than options): Nil 0 Nil 0
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(3) Options and agreements to purchase/sell: Nil 0 Nil 0
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TOTAL: Nil 0 Nil 0
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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: None
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Details, including nature of the rights concerned and relevant percentages: 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 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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None
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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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Details of Straight shares and options held by the Straight Directors:
Shares
Director Number of Shares Shareholding (%)
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Jonathan Michael
Straight 4,550,500 38.28
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James David Mellor 7,053 0.06
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Mark Jeremy Halford 2,000 0.02
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Colin Glass 82,500 0.69
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James Henry Newman 68,250 0.57
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Options
Director Options Options Options Options Options
exercisable exercisable exercisable exercisable exercisable
at 36p at 60p at 90p at 105p at 124.5p
------------- ------------- ------------- ------------- ------------- -------------
Jonathan
Michael
Straight 410,000 90,000 0 0 0
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James David
Mellor 350,000 64,223 15,000 200,000 24,496
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Mark Jeremy
Halford 350,000 93,000 0 200,000 0
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Colin Glass 31,250 25,000 0 0 0
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James Henry
Newman 31,250 27,000 0 0 0
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Details of interests in Straight shares held by other persons presumed to be acting in concert
with Straight
No persons (other than the directors named above) acting in concert with Straight plc hold
any interests in Straight shares.
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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 February 2014
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Contact name: Straight plc, Finance Director
James Mellor
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Telephone number: 0113 386 8622
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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
END
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