Circle Holdings PLC Form 8 (OPD) Circle Holdings plc (8462B)
06 Aprile 2017 - 5:01PM
UK Regulatory
TIDMCIRC
RNS Number : 8462B
Circle Holdings PLC
06 April 2017
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: Circle Holdings plc
--------------------------------------------------------------------------------------------- --------------------
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): N/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: Circle Holdings plc
Use a separate form for each offeror/offeree
--------------------------------------------------------------------------------------------- --------------------
(d) Is the discloser the offeror or the offeree? OFFEREE
--------------------------------------------------------------------------------------------- --------------------
(e) Date position held: 05/04/2017
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 N/A
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 SHARES OF 2 PENCE EACH
---------------------------------------------------------------------------- ----------------------------------------
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 NIL - NIL -
purchase/sell:
---------------------------------------------------------------------------- -------------- ---- ------------- ---
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: 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) Interests of directors of CIRCLE HOLDINGS PLC in ordinary shares of CIRCLE HOLDINGS PLC
Director Number of ordinary Percentage of
shares(1) total voting
rights (%) (to
3d.p.)
------------------ ------------------- ----------------
Michael Kirkwood 94,157 0.038
------------------ ------------------- ----------------
Lorraine Baldry 47,078 0.019
------------------ ------------------- ----------------
Andrew Shilston 47,078 0.019
------------------ ------------------- ----------------
Dr. Massoud
Keyvan-Fouladi 2,362,466 0.953
------------------ ------------------- ----------------
(1) Includes the Ordinary Shares arising on conversion of the Convertible Shares following
the release of the 2.7 announcement on 29 March 2017.
3(b) Interests of directors of CIRCLE HOLDINGS PLC in PIP options in respect of existing CIRCLE
HOLDINGS PLC Shares
Director Number Exercise Exercise Percentage
of PIP price period of total
options voting rights
in respect (%) (to
of ordinary 3d.p.)
shares
----------------- ------------- --------- ---------- ---------------
29 March
2017 to
Dr. Massoud 28 March
Keyvan-Fouladi 500,000 GBP0.02 2024 0.202
----------------- ------------- --------- ---------- ---------------
29 March
2017 to
28 March
Paolo Pieri 750,000 GBP0.02 2024 0.303
----------------- ------------- --------- ---------- ---------------
3(c) Interests of directors of CIRCLE HOLDINGS PLC in MIP options in respect of existing CIRCLE
HOLDINGS PLC Shares(2)
Director Number of Exercise Exercise Percentage
MIP options price period of total
in respect voting rights
of ordinary (%) (to
shares 3d.p.)
----------------- ------------- --------- ------------ ---------------
23 June
2015 to
Dr. Massoud 1 December
Keyvan-Fouladi 1,000,000 GBP0.02 2021 0.404
----------------- ------------- --------- ------------ ---------------
23 June
2015 to
Dr. Massoud 1 December
Keyvan-Fouladi 1,344,090 GBP0.50 2021 0.542
----------------- ------------- --------- ------------ ---------------
23 June
2015 to
1 December
Paolo Pieri 1,150,000 GBP0.02 2021 0.464
----------------- ------------- --------- ------------ ---------------
23 June
2015 to
1 December
Paolo Pieri 486,281 GBP0.50 2021 0.196
----------------- ------------- --------- ------------ ---------------
(2) All MIP options will lapse following the Offer becoming, or being declared, unconditional
in all respects and control of Circle passing to Bidco.
3(d) Interests of directors of CIRCLE HOLDINGS PLC in CFO options in respect of new CIRCLE
HOLDINGS PLC Shares
Director Number Exercise Exercise Percentage
of CFO price period of total
options voting rights
in respect (%) (to
of ordinary 3d.p.)
shares
------------- ------------- --------- ------------ ---------------
21 October
2014 to
20 October
Paolo Pieri 2,200,000 GBP0.02 2021 0.888
------------- ------------- --------- ------------ ---------------
3(e) Interests of CIRCLE PARTNERSHIP TRUSTEE LIMITED in ordinary shares of CIRCLE HOLDINGS
PLC
Name Number of ordinary Percentage of
shares total voting
rights (%) (to
3d.p.)
-------------------- ------------------- ----------------
Circle Partnership
Trustee Limited 60,186,376 24.289
-------------------- ------------------- ----------------
--------------------------------------------------------------------------------------------------
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: 6 April 2017
--------------------- ---------------------
Contact name: Shane Cobb
--------------------- ---------------------
Telephone number: +44 (0) 207 034 5250
--------------------- ---------------------
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
FEEUNVSRBSASRAR
(END) Dow Jones Newswires
April 06, 2017 11:01 ET (15:01 GMT)
Grafico Azioni Rize Circular (LSE:CIRC)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Rize Circular (LSE:CIRC)
Storico
Da Giu 2023 a Giu 2024
