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:
|
Benchmark
Holdings 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.
|
N/A
|
(c) Name of offeror/offeree
in relation to whose relevant securities this form
relates:
Use
a separate form for each offeror/offeree
|
Benchmark
Holdings PLC
|
(d) Is the discloser the
offeror or the offeree?
|
OFFEREE
|
(e) Date position
held:
The latest practicable date
prior to the disclosure
|
25
January 2024
|
(f) In addition to the
company in 1(c) above, is the discloser making disclosures in
respect of any other party to the offer?
If it is a cash offer or
possible cash offer, state "N/A"
|
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:
|
None
|
|
Interests
|
Short
positions
|
Number
|
%
|
Number
|
%
|
(1) Relevant securities owned
and/or controlled:
|
Nil
|
Nil
|
Nil
|
Nil
|
(2) Cash-settled
derivatives:
|
Nil
|
Nil
|
Nil
|
Nil
|
(3) Stock-settled derivatives
(including options) and agreements to
purchase/sell:
|
Nil
|
Nil
|
Nil
|
Nil
|
TOTAL:
|
Nil
|
Nil
|
Nil
|
Nil
|
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:
|
None
|
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) Interests held by
the directors of Benchmark Holdings PLC, their close relatives and
related trusts
Name
|
Number of
shares
|
Percentage of issued capital
(to three decimal places)
|
Jonathan
Esfandi (Director) by way of his interest of JNE Partners
LLP
|
169,263,811
|
22.892%
|
Peter Lutz
George (Director)
|
3,145,719
|
0.425%
|
Yngve Myhre
(Director)
|
1,326,401
|
0.179%
|
Septima
Maguire (Director)
|
322,028
|
0.044%
|
Jonathan
Maguire (spouse of Septima Maguire)
|
20,000
|
0.003%
|
Trond
Williksen (Director)
|
270,000
|
0.037%
|
Kristian
Eikre
|
Nil
|
Nil
|
Karin
Danielsson
|
Nil
|
Nil
|
Torgeir
Svae
|
Nil
|
Nil
|
(b) Interests held as
options or awards under the share plans of Benchmark Holdings PLC
by the directors of Benchmark Holdings PLC and their close
relatives and related trusts who are not exempt principal traders
for the purposes of Rule 8 of the Code
Name
|
Share Plan
|
No. of ordinary shares under
option
|
Exercise price per share
(£)
|
Exercise
period
|
Septima
Maguire
|
CSOP Part
II (PSP)
|
829,490
|
0.1
|
From 12
December 2025
|
Septima
Maguire
|
CSOP Part
II (RSU)
|
1,244,230
|
0.1
|
From 12
December 2025
|
Septima
Maguire
|
CSOP Part
II
|
362,546
|
0.1
|
From 19
December 2024
|
Septima
Maguire
|
CSOP Part
II - LTIP
|
412,693
|
0.1
|
From 6
December 2024
|
Septima
Maguire
|
CSOP Part
II - LTIP
|
94,769
|
0.67
|
From 5
January 2024 to 5 January 2031
|
Septima
Maguire
|
CSOP Part
II - LTIP
|
285,828
|
0.67
|
From 5
January 2024 to 5 January 2031
|
Septima
Maguire
|
CSOP Part
II
|
600,000
|
31.50
|
From 1
June 2023
|
Septima
Maguire
|
CSOP Part
II
|
329,412
|
42.50
|
From 20
February 2023
|
Septima
Maguire
|
CSOP Part
I
|
70,588
|
42.50
|
From 20
February 2023
|
Trond
Williksen
|
CSOP Part
II (PSP)
|
1,216,940
|
0.1
|
From 12
December 2025
|
Trond
Williksen
|
CSOP Part
II (RSU)
|
1,825,420
|
0.1
|
From 12
December 2025
|
Trond
Williksen
|
CSOP Part
II
|
568,727
|
0.1
|
From 19
December 2024
|
Trond
Williksen
|
CSOP Part
II - LTIP
|
647,360
|
0.1
|
From 6
December 2024
|
Trond
Williksen
|
CSOP Part
II - LTIP
|
148,657
|
0.67
|
From 5
January 2024 to 5 January 2031
|
Trond
Williksen
|
CSOP Part
II - LTIP
|
448,358
|
0.67
|
From 5
January 2024 to 5 January 2031
|
Trond
Williksen
|
CSOP Part
II
|
1,500,000
|
31.50
|
From 1
June 2023
|
(a) Interests and
short positions held by connected advisors of Benchmark Holdings
PLC
N/A
(b) Interests of other
persons acting in concert with the Offeree
N/A
|
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:
|
26 January
2024
|
Contact name:
|
Jennifer
Haddouk
|
Telephone number:
|
+447557076625
|
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.