Member Info for jamstar

I suspect TPG will be first out of the gate with an offer.
Sohaib Abbasi is an Advisor for both TPG and Blue Prism. Coincidence? I think not

I think you are looking at Barclays - I would ignore those as they are completely hedged i.e. long position = short position and they file a new form every day. I think they are just buying and selling for their clients and using derivatives to make sure they keep no exposure at any point in time.

@Pretty Wild Goldman Sachs, Barclays etc... have complex derivative positions including Swaps and CFDs. Blue Prism does not hold any of these and it does not relate to a Buyout
They use them for hedging purposes or to create/ extend a short/ long position. Some of these positions might be held for their clients.

You are reading too much into it. As I said, form 8.5 have no purpose. Just keep an eye out for Form 8s and 8.3.

Its an announcement by Goldman Sachs who represent Vista Equity partners on the trades they do for all their clients. This has nothing to do with Vista Equity owning any shares - you should ignore all form 8.5s

@Joatmon Yes - provided the institutional shareholders don't dump any shares. Bank of America got rid of a 10% stake in the run up and so did North Latitude, think they were around 4%.

Perfect scenario for explosive price movement if/ when a BO is announced.

It doesn't mean its a new position. They might just be late in declaring their position, its hard to tell when exactly they entered as they don't show recent buys or sells on the form. But adding them to my list below takes institutional and founders to 84% (inc. Coast Capital who have not submitted anything yet).

Pretty wild 80% is high. I think the FTSE100 average is around 60% and it's lower for FTSE250/ AIM companies. I'm sure there are a few 8.3 forms pending. Also, don't forget the threshold is 1% for reporting. How much of the remaining 20% are smaller funds, ETFs and investment managers holding? Retail investors probably hold less than 10% of shares, that means the big boys control the share price

So I have gone and checked all the 8.3 forms. Almost 80% of the total float has been declared now as owned by institutional investors/ insiders.
Jupiter Fund Management plc 6.16%
HMI Capital Fund GP, LLC 6.35%
Jason Kingdon 6.01%
Ameriprise Financial, Inc. 5.11%
Abrams Bison Investments 4.85%
Invesco Ltd. 3.15%
Alastair Bathgate 4.75%
FMR LLC 3.40%
Sanne Fiduciary Services 3.11%
Blackrock 1.73%
Tickvah Management 1.20%
Barclays -0.01% (net neutral)
Archer Oak 1.14%
Legal & General 1.94%
abrdn 1.44%
Sumitomo 1.70%
Vident 2.05%
Tensile Capital 1.13%
Archon Capital 1.19%
Polygon 2.06%
Natixis 0%
Lead Edge Capital 4.29%
David Moss 2.11%
Melqart Asset Management 2.59%
Credit Suisse 3.71%
North Lattitute 0% (sold out large stake)
BoA 0% (sold out large stake)
Threadneedle 5.11%
Lazard 1.87%
Natixis (sold out was net neutral short and long)
Coast Capital - no form 8 (possibly 3%)

8.1 DISCLOSURE BY AN OFFEROR
(a) An offeror must make a public Opening Position Disclosure:
(i) after the announcement that first identifies it as an offeror; and
(ii) after the announcement that first identifies a competing
securities exchange offeror.
(b) An offeror must also make a public Dealing Disclosure if it deals
in any relevant securities of the offeree company or any securities exchange offeror during an offer period for its own account or for the account of discretionary investment clients.

Not sure if its a regulatory requirement to state the opening position. Looks like an offer is in the making

Opening position disclosure by TPG - No shares owned

https://otp.tools.investis.com/clients/uk/blue_prism1/rns/regulatory-story.aspx?cid=2517&newsid=1508501

50% for me, even if a deal fails to materialize we won't see sub £11 again, R/R is very good

https://www.prnewswire.co.uk/news-releases/blue-prism-sees-growing-demand-for-its-intelligent-automation-across-all-industry-sectors-881314118.html

When the larger competitor loses 10% and that equates to 2x PRSM market cap you do know something is wrong. I expect the market is now realising how expensive UiPath is. Maybe makes Kingdon's price expectations a bit more realistic and gets a deal done more easily.

UiPath is down 7% on the beat, not so sure how the market takes it for Blue Prism tomorrow

That 50p drop was criminal. Obviously the price is in the hands of all these institutional investors that can manipulate the price.

Funny they talk about a board member with ties to Coast but forget to talk about the board advisor with ties to TPG:
Sohaib Abbasi
Chair of Blue Prism Global Strategic Technology Advisory Panel
Sohaib is a global business executive and computer scientist. He served as Chairman and CEO of Informatica between 2004 – 2015 and held executive roles at Oracle. He currently serves on the boards of private companies Peakon and StreamSets and is a Senior Advisor at TPG (Texas Pacific Group) and Balderton Capital UK. His prior public company experience includes serving on the board of Red Hat prior to its acquisition by IBM.

UiPath was Romanian but set up HQ in NY. Guess they need to take themselves out of Warrington

I don't see any RNS indicating they hold a significant stake. Coast just love to make noise tbh, spent years attacking Firstgroup and they owned a 15% stake and hardly did anything beyond getting the CEO to resign. If they really want to derail a takeover they should build a bigger stake!

Blue Prism is being advised by Qatalyst Partners. They were involved in the sale of Slack to Salesforce and Afterpay to Square. Two separate bidders with deep pockets and major discount to both UiPath and Automation Anywhere.