TIDMPGB TIDMTTM

RNS Number : 8267X

Pilat Media Global PLC

16 January 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:                               SINTEC MEDIA SOFTWARE LTD 
 (b) Owner or controller of interests and short positions disclosed, if different from       SINTECMEDIA LTD 
 1(a): 
 The naming of nominee or vehicle companies is insufficient 
                                                                                            -------------------------- 
 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:     PILAT MEDIA GLOBAL PLC 
  Use a separate form for each party to the offer 
                                                                                            -------------------------- 
 (d) Is the party to the offer making the disclosure the offeror or the offeree?             JOINT OFFEROR 
                                                                                            -------------------------- 
 (e) Date position held:                                                                     16 JANUARY 2014 
                                                                                            -------------------------- 
 (f) Has the party previously disclosed, or is it today disclosing, under the Code in        NO 
 respect 
 of any other party to this offer? 
                                                                                            -------------------------- 
 
   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:                             Ordinary Shares of 5p each 
                                                       Interests        Short positions 
                                                   -----------------  ------------------ 
                                                      Number      %       Number       % 
                                                   ------------  ---  -------------- 
 (1) Relevant securities owned and/or controlled: 
                                                   ------------  ---  -------------- 
 (2) Derivatives (other than options): 
                                                   ------------  ---  -------------- 
 (3) Options and agreements to purchase/sell: 
                                                   ------------  ---  -------------- 
 
   TOTAL:                                                Nil                 Nil 
                                                   ------------  ---  -------------- 
 

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:    Nil 
 Details, including nature of the rights concerned and relevant percentages: 
                                                                              ---- 
 

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): 
   Name of Pilat shareholder       Number of Pilat Shares in     Approximate percentage of 
    giving the undertaking               respect of which the       Pilat's existing issued 
                                         undertaking is given                 share capital 
    Pilat Directors 
    Michael Rosenberg                                 198,000                          0.32 
    Avi Engel                                       2,202,102                          3.52 
    Martin Blair                                       68,500                          0.11 
    Samuel Sattath                                  3,111,993                          4.98 
    Or Elovitch                                        92,250                          0.15 
    Alex Rabinovitch                             1,813,100(1)                          2.90 
    Other Pilat Shareholders 
    Eurocom Investments LP                         12,186,360                         19.49 
    Eurocom Holdings (1979) Ltd                       238,107                          0.38 
    Michael Zuckerman                               2,440,991                          3.90 
    Benjamin Moneta                                 1,137,864                          1.82 
    Ronnie Erlichman                                1,415,000                          2.26 
    Total                                          24,904,267                         39.83 
 
 
   (1) The irrevocable undertaking provided by Alex Rabinovitch includes reference to 12,186,360 
   Pilat Shares in the name of Eurocom Investments LP who, themselves, have provided an irrevocable 
   undertaking in respect of such Pilat Shares. 
 
   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: 
 
   SintecMedia Ltd, which owns 100% of Sintec Media Software Ltd, has an interest over 14,210,782 
   ordinary shares in Pilat Media Global plc, representing 22.7% of the total issued share capital. 
 

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" 
 
   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:    16 January 2014 
 Contact name:          Liam Murray / Avi Robinson 
                       --------------------------- 
 Telephone number:      020 7148 7900 
                       --------------------------- 
 

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

FEEBGGDBRDBBGSL

Grafico Azioni Pilat Media Global (LSE:PGB)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Pilat Media Global
Grafico Azioni Pilat Media Global (LSE:PGB)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Pilat Media Global