TIDMSXX
RNS Number : 4925A
Sirius Minerals plc
21 January 2020
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: Sirius Minerals 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: Sirius Minerals Plc
Use a separate form for each offeror/offeree
--------------------
(d) Is the discloser the offeror or the offeree? OFFEREE
--------------------
(e) Date position held: 20 January 2020
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 0.25 PENCE EACH
(ISIN: GB00B0DG3H29)
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:
--------------- ---- ------------- ---
Class of relevant security: 8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023
(ISIN: XS1515223516)
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 Nil - Nil -
to purchase/sell:
------------------- ----- --------------- ----
Nil - Nil -
TOTAL:
------------------- ----- --------------- ----
Class of relevant security: 5% GUARANTEED CONVERTIBLE BONDS DUE 2027
(ISIN: XS1991118255)
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:
------------------ ---- --------------- ----
Class of relevant security: AMERICAN DEPOSITARY RECEIPTS (ADR) PROGRAM
(ISIN: US82967P1030)
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 Nil - Nil -
to 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: 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:
3(a) Interests held by directors of Sirius Minerals Plc and their close relatives and related
trusts (excluding options and awards set out below)
NAME NUMBER PERCENTAGE INTERESTS INTERESTS INTERESTS
OF ORDINARY OF TOTAL IN 8.5% IN 5% IN ADR
SHARES ISSUED GUARANTEED GUARANTEED PROGRAM
ORDINARY CONVERTIBLE CONVERTIBLE
SHARE BONDS DUE BONDS DUE
CAPITAL 2023 2027
(%) (XS1515223516) (XS1991118255)
Russell
Scrimshaw 45,645,005 0.65 Nil Nil Nil
------------ ------------ ---------------- --------------- ----------
Chris Fraser 123,997,368 1.77 Nil Nil Nil
------------ ------------ ---------------- --------------- ----------
Thomas
Staley 1,187,139 0.02 Nil Nil Nil
------------ ------------ ---------------- --------------- ----------
John Hutton 30,856 0.0004 Nil Nil Nil
------------ ------------ ---------------- --------------- ----------
Jane Lodge 601,822 0.009 Nil Nil Nil
------------ ------------ ---------------- --------------- ----------
Noel
Harwerth 101,303 0.001 Nil Nil Nil
------------ ------------ ---------------- --------------- ----------
Keith Clarke 899,144 0.01 Nil Nil Nil
------------ ------------ ---------------- --------------- ----------
Louise
Hardy 0 0 Nil Nil Nil
------------ ------------ ---------------- --------------- ----------
3(b) Options and awards held by directors of Sirius Minerals Plc in Sirius Minerals Plc shares
i. Chris Fraser
Description Date of award Number of Exercise Vesting Date
of award shares Price
/ option
Ordinary 13 May 2016 413,002 Nil TBD - awards
award 2016 vest on achievement
of the relevant
milestone
-------------- ---------- --------- ---------------------
Ordinary 26 June 2017 1,479,452 Nil TBD - awards
award 2017 vest on achievement
of the relevant
milestone
-------------- ---------- --------- ---------------------
Ordinary 26 June 2018 2,994,767 Nil TBD - awards
award 2018 vest on achievement
of the relevant
milestone
-------------- ---------- --------- ---------------------
ETA award 26 June 2018 4,492,151 Nil TBD - awards
2018 vest on achievement
of the relevant
milestone
-------------- ---------- --------- ---------------------
Ordinary 28 June 2019 6,918,919 Nil TBD - awards
award 2019 vest on achievement
of the relevant
milestone
-------------- ---------- --------- ---------------------
ii. Thomas Staley
Description Date of award Number of Exercise Vesting Date
of award shares Price
/ option
USOP option 27 January 1,240,768 29.0 Pence 27 January
2015 2018 to 27
January 2025
-------------- ---------- ----------- ---------------------
CSOP option 27 January 311,729 29.0 Pence 27 January
2015 2018 to 27
January 2025
-------------- ---------- ----------- ---------------------
Milestone 27 January 1,000,000 Nil TBD - awards
award 2015 vest on achievement
of the relevant
milestone
-------------- ---------- ----------- ---------------------
Ordinary 26 June 2017 602,740 Nil TBD - awards
award 2017 vest on achievement
of the relevant
milestone
-------------- ---------- ----------- ---------------------
Ordinary 26 June 2018 1,820,503 Nil TBD - awards
award 2018 vest on achievement
of the relevant
milestone
-------------- ---------- ----------- ---------------------
ETA award 26 June 2018 3,120,862 Nil TBD - awards
2018 vest on achievement
of the relevant
milestone
-------------- ---------- ----------- ---------------------
Ordinary 28 June 2019 4,205,974 Nil TBD - awards
award 2019 vest on achievement
of the relevant
milestone
-------------- ---------- ----------- ---------------------
iii. John Hutton
Description Date of award Number of Exercise Vesting Date
of award shares Price
/ option
USOP option 30 January 1,862,997 29.0 Pence 30 January
2012 2015 to 29
January 2022
-------------- ---------- ----------- --------------
iv. Keith Clarke
Description Date of award Number of Exercise Vesting Date
of award shares Price
/ option
USOP option 23 December 1,862,997 29.0 Pence 23 December
2013 2016 to 22
December
2023
-------------- ---------- ----------- -------------
3(c) Interests held by advisers of Sirius Minerals Plc
i. J.P. Morgan Securities Plc(1)
Ordinary Shares
Class of relevant security: ORDINARY SHARES OF 0.25 PENCE EACH
(ISIN: GB00B0DG3H29)
Interests Short positions
--------------------------- ------------------
Number % Number %
--------- ---------------- ------------- ---
(1) Relevant securities owned and/or
controlled: 2 0.00000002849 Nil -
--------- ---------------- ------------- ---
(2) Cash-settled derivatives: Nil - Nil -
--------- ---------------- ------------- ---
(3) Stock-settled derivatives Nil - Nil -
(including options) and agreements to
purchase/sell:
--------- ---------------- ------------- ---
Nil - Nil -
TOTAL:
--------- ---------------- ------------- ---
(1) The interests are held by J.P. Morgan Chase Bank (Custody)
8.5% Guaranteed Convertible Bonds Due 2023
Class of relevant security: 8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023
(ISIN: XS1515223516)
Interests Short positions
-------------------------- ---------------------
Number % Number %
------------------- ----- --------------- ----
(1) Relevant securities owned and/or Nil - Nil -
controlled:
------------------- ----- --------------- ----
(2) Cash-settled derivatives: Nil - Nil -
------------------- ----- --------------- ----
(3) Stock-settled derivatives Nil - Nil -
(including options) and agreements
to purchase/sell:
------------------- ----- --------------- ----
Nil - Nil -
TOTAL:
------------------- ----- --------------- ----
5% Guaranteed Convertible Bonds Due 2027
Class of relevant security: 5% GUARANTEED CONVERTIBLE BONDS DUE 2027
(ISIN: XS1991118255)
Interests Short positions
------------------------ ---------------------
Number % Number %
------------------ ---- --------------- ----
(1) Relevant securities owned and/or Nil - Nil -
controlled:
------------------ ---- --------------- ----
(2) Cash-settled derivatives: Nil - Nil -
------------------ ---- --------------- ----
(3) Stock-settled derivatives Nil - Nil -
(including options) and agreements to
purchase/sell:
------------------ ---- --------------- ----
Nil - Nil -
TOTAL:
------------------ ---- --------------- ----
ADR Program
Class of relevant security: ADR PROGRAM
(ISIN: US82967P1030)
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) Nil - Nil -
and agreements to purchase/sell:
---------- ------------- ---
Nil - Nil -
TOTAL:
---------- ------------- ---
ii. Lazard & Co Limited
Ordinary Shares
Class of relevant security: ORDINARY SHARES OF 0.25 PENCE EACH
(ISIN: GB00B0DG3H29)
Interests Short positions
--------------------- ------------------
Number % Number %
--------------- ---- ------------- ---
(1) Relevant securities owned and/or Nil - Nil -
controlled:
--------------- ---- ------------- ---
(2) Cash-settled derivatives: Nil - Nil -
--------------- ---- ------------- ---
(3) Stock-settled derivatives (including Nil - Nil -
options) and agreements to purchase/sell:
--------------- ---- ------------- ---
Nil - Nil -
TOTAL:
--------------- ---- ------------- ---
8.5% Guaranteed Convertible Bonds Due 2023
Class of relevant security: 8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023
(ISIN: XS1515223516)
Interests Short positions
-------------------------- ---------------------
Number % Number %
------------------- ----- --------------- ----
(1) Relevant securities owned and/or Nil - Nil -
controlled:
------------------- ----- --------------- ----
(2) Cash-settled derivatives: Nil - Nil -
------------------- ----- --------------- ----
(3) Stock-settled derivatives Nil - Nil -
(including options) and agreements
to purchase/sell:
------------------- ----- --------------- ----
Nil - Nil -
TOTAL:
------------------- ----- --------------- ----
5% Guaranteed Convertible Bonds Due 2027
Class of relevant security: 5% GUARANTEED CONVERTIBLE BONDS DUE 2027
(ISIN: XS1991118255)
Interests Short positions
------------------------ ---------------------
Number % Number %
------------------ ---- --------------- ----
(1) Relevant securities owned and/or Nil - Nil -
controlled:
------------------ ---- --------------- ----
(2) Cash-settled derivatives: Nil - Nil -
------------------ ---- --------------- ----
(3) Stock-settled derivatives Nil - Nil -
(including options) and agreements to
purchase/sell:
------------------ ---- --------------- ----
Nil - Nil -
TOTAL:
------------------ ---- --------------- ----
ADR Program
Class of relevant security: ADR PROGRAM
(ISIN: US82967P1030)
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) Nil - Nil -
and agreements to purchase/sell:
---------- ------------- ---
Nil - Nil -
TOTAL:
---------- ------------- ---
iii. Liberum Capital
Ordinary Shares
Class of relevant security: ORDINARY SHARES OF 0.25 PENCE EACH
(ISIN: GB00B0DG3H29)
Interests Short positions
--------------------- ------------------
Number % Number %
--------------- ---- ------------- ---
(1) Relevant securities owned and/or Nil - Nil -
controlled:
--------------- ---- ------------- ---
(2) Cash-settled derivatives: Nil - Nil -
--------------- ---- ------------- ---
(3) Stock-settled derivatives (including Nil - Nil -
options) and agreements to purchase/sell:
--------------- ---- ------------- ---
Nil - Nil -
TOTAL:
--------------- ---- ------------- ---
8.5% Guaranteed Convertible Bonds Due 2023
Class of relevant security: 8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023
(ISIN: XS1515223516)
Interests Short positions
-------------------------- ---------------------
Number % Number %
------------------- ----- --------------- ----
(1) Relevant securities owned and/or Nil - Nil -
controlled:
------------------- ----- --------------- ----
(2) Cash-settled derivatives: Nil - Nil -
------------------- ----- --------------- ----
(3) Stock-settled derivatives Nil - Nil -
(including options) and agreements
to purchase/sell:
------------------- ----- --------------- ----
Nil - Nil -
TOTAL:
------------------- ----- --------------- ----
5% Guaranteed Convertible Bonds Due 2027
Class of relevant security: 5% GUARANTEED CONVERTIBLE BONDS DUE 2027
(ISIN: XS1991118255)
Interests Short positions
------------------------ ---------------------
Number % Number %
------------------ ---- --------------- ----
(1) Relevant securities owned and/or Nil - Nil -
controlled:
------------------ ---- --------------- ----
(2) Cash-settled derivatives: Nil - Nil -
------------------ ---- --------------- ----
(3) Stock-settled derivatives Nil - Nil -
(including options) and agreements to
purchase/sell:
------------------ ---- --------------- ----
Nil - Nil -
TOTAL:
------------------ ---- --------------- ----
ADR Program
Class of relevant security: ADR PROGRAM
(ISIN: US82967P1030)
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) Nil - Nil -
and agreements to purchase/sell:
---------- ------------- ---
Nil - Nil -
TOTAL:
---------- ------------- ---
iv. Shore Capital
Ordinary Shares
Class of relevant security: ORDINARY SHARES OF 0.25 PENCE EACH
(ISIN: GB00B0DG3H29)
Interests Short positions
--------------------- ------------------
Number % Number %
--------------- ---- ------------- ---
(1) Relevant securities owned and/or Nil - Nil -
controlled:
--------------- ---- ------------- ---
(2) Cash-settled derivatives: Nil - Nil -
--------------- ---- ------------- ---
(3) Stock-settled derivatives (including Nil - Nil -
options) and agreements to purchase/sell:
--------------- ---- ------------- ---
Nil - Nil -
TOTAL:
--------------- ---- ------------- ---
8.5% Guaranteed Convertible Bonds Due 2023
Class of relevant security: 8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023
(ISIN: XS1515223516)
Interests Short positions
-------------------------- ---------------------
Number % Number %
------------------- ----- --------------- ----
(1) Relevant securities owned and/or Nil - Nil -
controlled:
------------------- ----- --------------- ----
(2) Cash-settled derivatives: Nil - Nil -
------------------- ----- --------------- ----
(3) Stock-settled derivatives Nil - Nil -
(including options) and agreements
to purchase/sell:
------------------- ----- --------------- ----
Nil - Nil -
TOTAL:
------------------- ----- --------------- ----
5% Guaranteed Convertible Bonds Due 2027
Class of relevant security: 5% GUARANTEED CONVERTIBLE BONDS DUE 2027
(ISIN: XS1991118255)
Interests Short positions
------------------------ ---------------------
Number % Number %
------------------ ---- --------------- ----
(1) Relevant securities owned and/or Nil - Nil -
controlled:
------------------ ---- --------------- ----
(2) Cash-settled derivatives: Nil - Nil -
------------------ ---- --------------- ----
(3) Stock-settled derivatives Nil - Nil -
(including options) and agreements to
purchase/sell:
------------------ ---- --------------- ----
Nil - Nil -
TOTAL:
------------------ ---- --------------- ----
ADR Program
Class of relevant security: ADR PROGRAM
(ISIN: US82967P1030)
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) Nil - Nil -
and agreements to purchase/sell:
---------- ------------- ---
Nil - Nil -
TOTAL:
---------- ------------- ---
v. Edelman
Ordinary Shares
Class of relevant security: ORDINARY SHARES OF 0.25 PENCE EACH
(ISIN: GB00B0DG3H29)
Interests Short positions
--------------------- ------------------
Number % Number %
--------------- ---- ------------- ---
(1) Relevant securities owned and/or Nil - Nil -
controlled:
--------------- ---- ------------- ---
(2) Cash-settled derivatives: Nil - Nil -
--------------- ---- ------------- ---
(3) Stock-settled derivatives (including Nil - Nil -
options) and agreements to purchase/sell:
--------------- ---- ------------- ---
Nil - Nil -
TOTAL:
--------------- ---- ------------- ---
8.5% Guaranteed Convertible Bonds Due 2023
Class of relevant security: 8.5% GUARANTEED CONVERTIBLE BONDS DUE 2023
(ISIN: XS1515223516)
Interests Short positions
-------------------------- ---------------------
Number % Number %
------------------- ----- --------------- ----
(1) Relevant securities owned and/or Nil - Nil -
controlled:
------------------- ----- --------------- ----
(2) Cash-settled derivatives: Nil - Nil -
------------------- ----- --------------- ----
(3) Stock-settled derivatives Nil - Nil -
(including options) and agreements
to purchase/sell:
------------------- ----- --------------- ----
Nil - Nil -
TOTAL:
------------------- ----- --------------- ----
5% Guaranteed Convertible Bonds Due 2027
Class of relevant security: 5% GUARANTEED CONVERTIBLE BONDS DUE 2027
(ISIN: XS1991118255)
Interests Short positions
------------------------ ---------------------
Number % Number %
------------------ ---- --------------- ----
(1) Relevant securities owned and/or Nil - Nil -
controlled:
------------------ ---- --------------- ----
(2) Cash-settled derivatives: Nil - Nil -
------------------ ---- --------------- ----
(3) Stock-settled derivatives Nil - Nil -
(including options) and agreements to
purchase/sell:
------------------ ---- --------------- ----
Nil - Nil -
TOTAL:
------------------ ---- --------------- ----
ADR Program
Class of relevant security: ADR PROGRAM
(ISIN: US82967P1030)
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) Nil - Nil -
and agreements to purchase/sell:
---------- ------------- ---
Nil - Nil -
TOTAL:
---------- ------------- ---
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: 21 January 2020
Contact name: Nick King, General Counsel and Company Secretary
-------------------------------------------------
Telephone number: +44 (0)203 327 3660
-------------------------------------------------
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END
FEEEALFFASAEEFA
(END) Dow Jones Newswires
January 21, 2020 09:54 ET (14:54 GMT)
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