Punch Taverns PLC PUBLIC OPENING POSITION DISCLOSURE (7663S)
23 Dicembre 2016 - 2:16PM
UK Regulatory
TIDMPUB
RNS Number : 7663S
Punch Taverns PLC
23 December 2016
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: PUNCH TAVERNS PLC
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(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.
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: PUNCH TAVERNS PLC
Use a separate form for each offeror/offeree
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(d) Is the discloser the offeror or the offeree? OFFEREE
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(e) Date position held: 22/12/2016
The latest practicable date prior to the disclosure
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(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"
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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 0.9572 PENCE EACH
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Interests Short positions
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Number % Number %
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(1) Relevant securities owned and/or controlled: NIL - NIL -
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(2) Cash-settled derivatives: NIL - NIL -
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(3) Stock-settled derivatives (including options) and agreements to NIL - NIL -
purchase/sell:
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NIL - NIL -
TOTAL:
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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
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Details, including nature of the rights concerned and relevant percentages: NONE
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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:
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3(a) Interests of directors of PUNCH TAVERNS PLC (and their close relatives and related trusts)
in ordinary shares of PUNCH TAVERNS PLC
Director Number of Percentage of total
ordinary shares issued ordinary
share capital (excluding
treasury shares)
(%) (to 3 d.p.)
-------------------- ----------------- --------------------------
Ian Dyson 15,208 0.007
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Stephen Billingham 32,194 0.015
-------------------- ----------------- --------------------------
Stephen Dando 41,835 0.019
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3(b) Interests of directors of PUNCH TAVERNS PLC in ordinary shares of PUNCH TAVERNS PLC under
PUNCH TAVERNS PLC share plans
Share Bonus Plan
Director Number of ordinary Percentage of total
shares issued ordinary
share capital (excluding
treasury shares)
(%) (to 3 d.p.)
---------- ------------------- --------------------------
Stephen
Dando 3,645 0.002
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Share Incentive Plan
Director Number of ordinary Percentage of total
shares issued ordinary
share capital (excluding
treasury shares)
(%) (to 3 d.p.)
---------- ------------------- --------------------------
Stephen
Dando 400 0.000
---------- ------------------- --------------------------
Long Term Incentive Plan
Director Maximum Date of Exercise Exercise
number of grant price per Date
shares available share (GBP)
--------- ------------------ --------------- ------------- ------------
Duncan 650,406(1) Option No cost 15/06/2018
Garrood granted per share
on 15/06/2015
310,077(2) No cost 30/11/2018
Option per share
granted
on 30/11/2015
--------- ------------------ --------------- ------------- ------------
Stephen 368,464(3) Option No cost 17/11/2017
Dando granted per share
on 17/11/2014
221,785(4) No cost 30/11/2018
Option per share
granted
on 30/11/2015
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(1) Subject to the satisfaction of performance criteria in the period from 24/08/2014 to 25/08/2017
(2) Subject to the satisfaction of performance criteria in the period from 23/08/2015 to 18/08/2018
(3) Subject to the satisfaction of performance criteria during the period from 24/08/2014
to 25/08/2017
(4) Subject to the satisfaction of performance criteria during the period from 24/08/2014
to 25/08/2017
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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"
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NONE
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(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"
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NONE
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(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) NO
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Supplemental Form 8 (SBL) NO
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Date of disclosure: 23/12/2016
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Contact name: Ed Bashforth
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Telephone number: +44 (0)1283 501948
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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
http://www.thetakeoverpanel.org.uk/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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