TIDMSSTY

RNS Number : 1136O

Safestay PLC

05 October 2021

FORM 8 AMMENT

This form replaces the OPD announcement released by Safestay PLC on 24 September 2021 at 5.00pm under RNS No. 8178M. Changes have been made to sections 3 and 4.

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:                                                                 Safestay PLC ("Safestay") 
 (b) Owner or controller of interests and short positions disclosed, if different from       N/A 
 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:     Offeree - Safestay 
  Use a separate form for each offeror/offeree 
                                                                                            -------------------------- 
 (d) Is the discloser the offeror or the offeree?                                            Offeree 
                                                                                            -------------------------- 
 (e) Date position held:                                                                     17 September 2021 
  The latest practicable date prior to the disclosure 
                                                                                            -------------------------- 
 (f) In addition to the company in 1(c) above, is the discloser making disclosures in        N/A 
 respect 
 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:                                                                     Ordinary 
                                                                                       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        - 
                                                                                     --------      -------------  --- 
                                                                                        Nil     -       Nil        - 
   TOTAL: 
                                                                                     --------      -------------  --- 
 

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) The following directors of Safestay (including their close relatives and related trusts) 
   have the interests in Safestay's shares set out below: 
    Safestay Director    Position           Number of          Percentage 
                                             ordinary shares    of total issued 
                                                                share capital 
                                                                of Safestay 
                                                                (two decimal 
                                                                places) 
                                            346,054 (Direct 
                                             ownership) 
 
                                             Also see Note 
    Larry Lipman         Chairman            1                 0.53 
                        -----------------  -----------------  ----------------- 
                         Chief Operating 
    Nuno Sacramento       Officer           37,160             0.05 
                        -----------------  -----------------  ----------------- 
    Michael Hirst        Non-Executive 
     (OBE)                Director          97,142             0.15 
                        -----------------  -----------------  ----------------- 
                         Non-Executive 
    Stephen Moss          Director          233,988            0.36 
                        -----------------  -----------------  ----------------- 
    Anson Chan           Non-Executive      Note 2 
                          Director                             n/a 
                        -----------------  -----------------  ----------------- 
    Paul Cummins         Alternate 
                          Non-Executive      Note 3 
                          Director                             n/a 
                        -----------------  -----------------  ----------------- 
 
 
   Note 1: Larry Lipman also owns one-third of the share capital of Safeland Holdings (2008) 
   Corporation ("SHC"), a corporation incorporated in Panama and 2% of Safeland plc, a company 
   incorporated in England and Wales. SHC owned 3,112,484 ordinary shares in the Company, representing 
   4.81% of the Company's shares in issue as at 17 September 2021. SHC owned 83.4% of the issued 
   share capital of Safeland plc as at 17 September 2021. Safeland plc owned 2,597,334 ordinary 
   shares of the Company, representing 4.01% of the Company's shares in issue at 17 September 
   2021. Please disregard the separate Rule 8.3 announcements made by Safeland Holdings (2008) 
   Corporation on 30 September 2021 at 5.00pm and by Safeland plc on 30 September 2021 at 5.01pm. 
 
   Note 2: Anson Chan is not considered to be independent due his interest in Pyrrho Investments 
   Limited which is a significant shareholder in the Company, owning 19,025,638 ordinary shares 
   representing 29.41% of the Company's shares in issue at 17 September 2021. 
 
   Note 3: Paul Cummins is an alternate director for Anson Chan and is therefore also not considered 
   to be independent. 
 
   (B) The following directors of Safestay have options over the ordinary equity share capital 
   of Safestay as set out below, as at 17 September 2021: 
    Safestay director    Position             Exercise   Number of          Exercise Period 
                                               price      ordinary shares 
                                                          (under option) 
                                                                            02/05/2017 - 
    Larry Lipman         Chairman             50p        396,521             01/05/2024 
                        -------------------  ---------  -----------------  ---------------- 
                                                                            14/07/2020 - 
                                              50p        250,000             13/07/2027 
    ---------------------------------------  ---------  -----------------  ---------------- 
                                                                            01/01/2022 - 
                                              34p        300,000             31/12/2028 
                                             ---------  -----------------  ---------------- 
                                                                            02/10/2023 - 
                                              33p        400,000             01/01/2030 
                                             ---------  -----------------  ---------------- 
                                                                            31/10/2021 - 
                                              9p         37,100              30/10/2028 
                                             ---------  -----------------  ---------------- 
                                                                            30/11/2021 - 
                                              16p        20,900              29/11/2028 
                                             ---------  -----------------  ---------------- 
                                                                            31/12/2021 - 
                                              13p        25,700              30/12/2028 
                                             ---------  -----------------  ---------------- 
                                                                            22/01/2022 - 
                                              13p        25,700              21/01/2031 
                                             ---------  -----------------  ---------------- 
                                                                            22/02/2022 - 
                                              14p        23,900              21/02/2031 
                                             ---------  -----------------  ---------------- 
                                                                            24/03/2022 - 
                                              15p        22,300              23/03/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/04/2022 - 
                                              15p        22,300              24/04/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/05/2022 - 
                                              17p        19,700              24/05/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/06/2022 - 
                                              18p        18,600              24/06/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/07/2022 - 
                                              16p        20,900              24/07/2031 
    ---------------------------------------  ---------  -----------------  ---------------- 
                         Chief Operating                                    21/07/2020 - 
    Nuno Sacramento       Officer             50p        500,000             20/07/2027 
                        -------------------  ---------  -----------------  ---------------- 
                                                                            11/10/2021 - 
                                              42p        100,000             12/10/2028 
    ---------------------------------------  ---------  -----------------  ---------------- 
                                                                            01/01/2022 - 
                                              34p        200,000             31/12/2028 
                                             ---------  -----------------  ---------------- 
                                                                            02/01/2023 - 
                                              33p        300,000             01/01/2030 
                                             ---------  -----------------  ---------------- 
                                                                            31/10-2021 - 
                                              9p         46,300              30/10/2028 
                                             ---------  -----------------  ---------------- 
                                                                            30/11/2021 - 
                                              16p        26,100              29/11/2028 
                                             ---------  -----------------  ---------------- 
                                                                            31/12/2021 - 
                                              13p        32,100              31/12/2028 
                                             ---------  -----------------  ---------------- 
                                                                            22/01/2022 - 
                                              13p        32,100              21/01/2031 
                                             ---------  -----------------  ---------------- 
                                                                            22/02/2022 - 
                                              14p        29,800              21/02/2031 
                                             ---------  -----------------  ---------------- 
                                                                            24/03/2022 - 
                                              15p        27,800              23/03/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/04/2022 - 
                                              15p        27,800              24/04/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/05/2022 - 
                                              17p        24,600              24/05/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/06/2022 - 
                                              18p        23,200              24/06/2031 
    ---------------------------------------  ---------  -----------------  ---------------- 
    Michael Hirst        Non-Executive                                      31/10/2021 - 
     (OBE)                Director            9p         4,600               30/10/2028 
                        -------------------  ---------  -----------------  ---------------- 
                                                                            30/11/2021 - 
                                              16p        2,600               29/11/2028 
    ---------------------------------------  ---------  -----------------  ---------------- 
                                                                            31/12/2021 - 
                                              13p        3,200               30/12/2028 
                                             ---------  -----------------  ---------------- 
                                                                            22/01/2022 - 
                                              13p        3,200               21/01/2031 
                                             ---------  -----------------  ---------------- 
                                                                            22/02/2022 - 
                                              14p        3,000               21/02/2031 
                                             ---------  -----------------  ---------------- 
                                                                            24/03/2022 - 
                                              15p        2,800               23/03/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/04/2022 - 
                                              15p        2,800               24/04/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/05/2022 - 
                                              17p        2,400               24/05/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/06/2022 - 
                                              18p        2,300               24/06/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/07/2022 - 
                                              16p        2,600               24/07/2031 
    ---------------------------------------  ---------  -----------------  ---------------- 
                         Non-Executive                                      31/10/2021 - 
    Stephen Moss          Director            9p         11,200              30/10/2028 
                        -------------------  ---------  -----------------  ---------------- 
                                                                            30/11/2021 - 
                                              16p        6,300               29/11/2028 
    ---------------------------------------  ---------  -----------------  ---------------- 
                                                                            31/12/2021 - 
                                              13p        7,700               30/12/2028 
                                             ---------  -----------------  ---------------- 
                                                                            22/01/2022 - 
                                              13p        7,700               21/01/2031 
                                             ---------  -----------------  ---------------- 
                                                                            22/02/2022 - 
                                              14p        7,200               21/02/2031 
                                             ---------  -----------------  ---------------- 
                                                                            24/03/2022 - 
                                              15p        6,700               23/03/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/04/2022 - 
                                              15p        6,700               24/04/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/05/2022 - 
                                              17p        5,900               24/05/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/06/2022 - 
                                              18p        5,600               24/06/2031 
                                             ---------  -----------------  ---------------- 
                                                                            25/07/2022 - 
                                              16p        6,300               24/07/2031 
    ---------------------------------------  ---------  -----------------  ---------------- 
 
 
   The above are options issued to current management as part of their remuneration packages. 
   In addition, options over 528,695 shares with an exercise period of 12/05/2017 - 11/05/2024 
   at an exercise price of 50p have also been granted to Safeland plc, a company connected with 
   Larry Lipman. 
 

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 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:    5 October 2021 
 Contact name:          Peter Harvey, Chief Financial Officer and Company Secretary 
                       ------------------------------------------------------------ 
 Telephone number:      020 8815 1606 
                       ------------------------------------------------------------ 
 

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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