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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END
FEEGZMGGVKNGMZM
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