Challenger Energy Regulatory News (CEG)

THE TAKEOVER PANEL - DISCLOSURE TABLE

16 December 2025

The following are today's changes to the Disclosure Table:

ADDITIONS

None

DELETIONS

OFFEREE: Challenger Energy Group plc

Offer period commenced: 07:00 09-Oct-2025

1p ordinary

ISIN: IM00BPLZ1D89

NSI: 249,312,660

OFFEROR: Sintana Energy Inc.

Offeror identified: 07:00 09-Oct-2025

Rule 2.6 deadline: N/A

Common

ISIN: CA82938H1073

NSI: 381,112,211

OFFEROR: H2 Equity Partners Ltd. (potential offeror for Inspecs Group plc)

Offeror identified: 16:32 23-Oct-2025

Rule 2.6 deadline: to be determined

Disclosure of dealings and positions in this offeror is not required

OTHER AMENDMENTS

OFFEREE: Alphawave IP Group plc

Offer period commenced: 13:56 01-Apr-2025

1p ordinary

ISIN: GB00BNDRMJ14

NSI: 798,675,143

Warrant

NSI: 20,571,995

Senior unsecured convertible bond

ISIN: XS2962835257

USD: 150,000,000

OFFEROR: Aqua Acquisition Sub LLC (an indirect wholly-owned subsidiary of Qualcomm Incorporated)

Offeror identified: 13:56 01-Apr-2025

Rule 2.6 deadline: N/A

USD 0.0001 common

ISIN: US7475251036

NSI: 1,062,916,212

OFFEREE: essensys plc

Offer period commenced: 07:00 28-Nov-2025

0.25p ordinary

ISIN: GB00BJL1ZF49

NSI: 64,795,988

OFFEROR: Mr Mark Furness

Offeror identified: 07:00 28-Nov-2025

Rule 2.6 deadline: 17:00 26-Dec-2025

Disclosure of dealings and positions in this offeror is not required

OFFEREE: SolGold plc

Offer period commenced: 14:23 28-Nov-2025

1p ordinary

ISIN: GB00B0WD0R35

NSI: 3,009,973,641

OFFEROR: Jiangxi Copper Company Limited

Offeror identified: 14:23 28-Nov-2025

Rule 2.6 deadline: 17:00 26-Dec-2025

Disclosure of dealings and positions in this offeror is not required

DISCLOSURE TABLE

OFFEREE: 1Spatial plc

Offer period commenced: 07:00 12-Dec-2025

10p ordinary

ISIN: GB00BFZ45C84

NSI: 111,820,753

OFFEROR: VertiGIS Ltd (a portfolio company of Battery Ventures)

Offeror identified: 07:00 12-Dec-2025

Rule 2.6 deadline: 17:00 09-Jan-2026

Disclosure of dealings and positions in this offeror is not required

OFFEREE: Aferian plc

Offer period commenced: 10:04 29-Sep-2025

1p ordinary

ISIN: GB00B013SN63

NSI: 111,212,107

OFFEROR: No named offeror

OFFEREE: Alphawave IP Group plc

Offer period commenced: 13:56 01-Apr-2025

1p ordinary

ISIN: GB00BNDRMJ14

NSI: 798,675,143

Warrant

NSI: 20,571,995

Senior unsecured convertible bond

ISIN: XS2962835257

USD: 150,000,000

OFFEROR: Aqua Acquisition Sub LLC (an indirect wholly-owned subsidiary of Qualcomm Incorporated)

Offeror identified: 13:56 01-Apr-2025

Rule 2.6 deadline: N/A

USD 0.0001 common

ISIN: US7475251036

NSI: 1,062,916,212

OFFEREE: Audioboom Group plc

Offer period commenced: 17:09 03-Oct-2025

Ordinary NPV

ISIN: JE00BJYJFG60

NSI: 17,977,155

OFFEROR: No named offeror

OFFEREE: Bakkavor Group plc

Offer period commenced: 13:58 14-Mar-2025

2p ordinary

ISIN: GB00BF8J3Z99

NSI: 579,425,585

OFFEROR: Greencore Group plc

Offeror identified: 13:58 14-Mar-2025

Rule 2.6 deadline: N/A

1p ordinary

ISIN: IE0003864109

NSI: 442,981,992

ADR

ISIN: US3941811016

OFFEREE: Bluefield Solar Income Fund Limited

Offer period commenced: 07:00 05-Nov-2025

0.01p ordinary

ISIN: GG00BB0RDB98

NSI: 592,080,033

OFFEROR: No named offeror

OFFEREE: Deltic Energy plc

Offer period commenced: 12:07 30-Jun-2025

10p ordinary

ISIN: GB00BNTY2N01

NSI: 93,096,600

OFFEROR: Rockrose Energy Limited (a wholly-owned subsidiary of Viaro Energy Limited)

Offeror identified: 12:07 30-Jun-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

OFFEREE: Dowlais Group plc

Offer period commenced: 07:00 29-Jan-2025

1p ordinary

ISIN: GB00BMWRZ071

NSI: 1,316,658,644

OFFEROR: American Axle & Manufacturing Holdings, Inc.

Offeror identified: 07:00 29-Jan-2025

Rule 2.6 deadline: N/A

USD 0.01 common

ISIN: US0240611030

NSI: 118,696,421

OFFEREE: Empiric Student Property plc

Offer period commenced: 11:15 05-Jun-2025

1p ordinary

ISIN: GB00BLWDVR75

NSI: 664,188,110

OFFEROR: Unite Group plc, The

Offeror identified: 11:15 05-Jun-2025

Rule 2.6 deadline: N/A

25p ordinary

ISIN: GB0006928617

NSI: 490,043,571

OFFEREE: essensys plc

Offer period commenced: 07:00 28-Nov-2025

0.25p ordinary

ISIN: GB00BJL1ZF49

NSI: 64,795,988

OFFEROR: Mr Mark Furness

Offeror identified: 07:00 28-Nov-2025

Rule 2.6 deadline: 17:00 26-Dec-2025

Disclosure of dealings and positions in this offeror is not required

OFFEREE: Frenkel Topping Group plc

Offer period commenced: 11:00 02-Jun-2025

0.5p ordinary

ISIN: GB00B01YXQ71

NSI: 128,013,064

OFFEROR: Irwell Financial Services Bidco Limited (a newly formed company indirectly owned by a limited partnership managed by Harwood Private Equity LLP)

Offeror identified: 11:00 02-Jun-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

OFFEREE: Idox plc

Offer period commenced: 07:00 28-Oct-2025

1p ordinary

ISIN: GB0002998192

NSI: 461,682,046

OFFEROR: Frankel UK Bidco Limited (a newly-formed company indirectly owned by Long Path Co-Investment Fund Number 6, LP, Long Path Smaller Companies Fund, LP, Long Path Smaller Companies Master Fund, Ltd. and Long Path Opportunities Fund II, LP)

Offeror identified: 07:00 28-Oct-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

OFFEREE: Inspecs Group plc

Offer period commenced: 16:32 23-Oct-2025

1p ordinary

ISIN: GB00BK6JPP03

NSI: 101,671,525

OFFEROR: Bidco 1125 Limited (a newly formed company indirectly owned by Luke Johnson and Ian Livingstone)

Offeror identified: 16:32 23-Oct-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

OFFEREE: International Personal Finance plc

Offer period commenced: 07:01 30-Jul-2025

10p ordinary

ISIN: GB00B1YKG049

NSI: 219,115,063

OFFEROR: BasePoint Capital LLC

Offeror identified: 07:01 30-Jul-2025

Rule 2.6 deadline: 17:00 17-Dec-2025

Disclosure of dealings and positions in this offeror is not required

OFFEREE: IQE plc

Offer period commenced: 07:00 08-Sep-2025

1p ordinary

ISIN: GB0009619924

NSI: 977,633,416

OFFEROR: No named offeror

OFFEREE: JTC plc

Offer period commenced: 11:39 29-Aug-2025

1p ordinary

ISIN: JE00BF4X3P53

NSI: 172,006,514

OFFEROR: Papilio Bidco Limited (a newly incorporated company indirectly wholly-owned by funds advised by Permira Advisers LLP)

Offeror identified: 11:39 29-Aug-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

OFFEREE: Just Group plc

Offer period commenced: 07:00 31-Jul-2025

10p ordinary

ISIN: GB00BCRX1J15

NSI: 1,038,702,932

OFFEROR: BWS Holdings Ltd. (a wholly owned subsidiary of Brookfield Wealth Solutions Ltd.)

Offeror identified: 07:00 31-Jul-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

OFFEREE: Kore Potash plc

Offer period commenced: 07:30 04-Nov-2025

USD 0.001 ordinary

ISIN: GB00BYP2QJ94

NSI: 5,175,938,315

CDI

ISIN: AU000000KP25

OFFEROR: No named offeror

OFFEREE: Management Consulting Group plc (See Note 9 below)

Offer period commenced: 16:44 14-Nov-2025

1p ordinary

ISIN: GB0001979029

NSI: 1,516,528,424

0.01p preference (A)

ISIN: GB00BMC7BY33

NSI: 1,945,319,013

0.01p preference (B)

ISIN: GB00BN2S8316

NSI: 3,461,847,437

0.01p preference (C)

ISIN: GB00BP6WH811

NSI: 12,499,900,477

OFFEROR: No named offeror

OFFEREE: NCC Group plc

Offer period commenced: 18:24 16-Jul-2025

1p ordinary

ISIN: GB00B01QGK86

NSI: 314,995,301

OFFEROR: No named offeror

OFFEREE: PPHE Hotel Group Limited

Offer period commenced: 07:00 14-Nov-2025

Ordinary NPV

ISIN: GG00B1Z5FH87

NSI: 41,856,324

OFFEROR: No named offeror

OFFEREE: Revel Collective plc, The

Offer period commenced: 07:00 24-Oct-2025

0.1p ordinary

ISIN: GB00BVDPPV41

NSI: 1,501,925,226

OFFEROR: No named offeror

OFFEREE: SolGold plc

Offer period commenced: 14:23 28-Nov-2025

1p ordinary

ISIN: GB00B0WD0R35

NSI: 3,009,973,641

OFFEROR: Jiangxi Copper Company Limited

Offeror identified: 14:23 28-Nov-2025

Rule 2.6 deadline: 17:00 26-Dec-2025

Disclosure of dealings and positions in this offeror is not required

OFFEREE: Spire Healthcare Group plc

Offer period commenced: 19:36 18-Sep-2025

1p ordinary

ISIN: GB00BNLPYF73

NSI: 402,759,599

OFFEROR: No named offeror

OFFEREE: TT Electronics plc

Offer period commenced: 06:25 30-Oct-2025

25p ordinary

ISIN: GB0008711763

NSI: 178,375,046

OFFEROR: Cicor Technologies Ltd.

Offeror identified: 06:25 30-Oct-2025

Rule 2.6 deadline: N/A

CHF 10.00 registered

ISIN: CH0008702190

NSI: 4,392,094

Mandatory Convertible Note

ISIN: CH1155135838

CHF: 379,000

OFFEREE: Walker Crips Group plc

Offer period commenced: 07:00 24-Nov-2025

6 2/3p ordinary

ISIN: GB00B1YMRV88

NSI: 42,577,328

OFFEROR: PhillipCapital UK LTD (an indirect wholly-owned subsidiary of Phillip Brokerage Pte Ltd)

Offeror identified: 07:00 24-Nov-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

OFFEREE: WH Ireland Group plc

Offer period commenced: 21:17 12-Nov-2025

1p ordinary

ISIN: GB0009241885

NSI: 235,986,209

OFFEROR: Team plc

Offeror identified: 21:17 12-Nov-2025

Rule 2.6 deadline: N/A

Ordinary NPV

ISIN: JE00BM90BX45

NSI: 62,140,022

OFFEREE: Wood Group (John) plc

Offer period commenced: 14:31 24-Feb-2025

4 2/7 p ordinary

ISIN: GB00B5N0P849

NSI: 691,839,369

OFFEROR: Sidara Limited (an entity controlled by Dar Al-Handasah Consultants Shair and Partners Holdings Ltd)

Offeror identified: 14:31 24-Feb-2025

Rule 2.6 deadline: N/A

Disclosure of dealings and positions in this offeror is not required

Notes:

1.

Rule 8 of the Takeover Code (the "Code") sets out the circumstances in which Dealing Disclosures and/or Opening Position Disclosures are required to be made by the parties to an offer, persons acting in concert with them, persons with an interest in relevant securities of 1% or more and exempt principal traders ("EPTs") connected with the parties to an offer.

2.

Where an offeror is marked "Disclosure of dealings and positions in this offeror is not required", dealings and positions in relevant securities of that offeror are not required to be disclosed under Rule 8. This is either because it has been announced that the offer or possible offer is, or is likely to be, solely in cash or because disclosure is not required for some other reason.

3.

Dealings and positions required to be disclosed under Rule 8 of the Code include dealings and positions in derivatives referenced to, and options in respect of, relevant securities of an offeree company and, where appropriate, an offeror (see Note 2 above).

4.

The information set out in the Disclosure Table relating to the relevant securities in issue of an offeree company or of an offeror (and any amendments thereto) has been extracted from the relevant announcement made by such company under Rule 2.9 of the Code. Similarly, details of any deadline set under Rule 2.6 by which a potential offeror must announce either a firm intention to make a bid or that it does not intend to make an offer (or, in the case of Rule 2.6(a), by which the Panel must consent to an extension of the deadline) has been extracted from the relevant announcement made by the offeree company.

5.

Additions and deletions of offeree companies and offerors are reflected in the Disclosure Table throughout the day, following the relevant announcement. Other amendments may also be made throughout the day. In any event, details of the classes of relevant securities issued by an offeree or offeror company, the number of such securities in issue ("NSI") and the International Securities Identification Number ("ISIN") of such securities announced under Rule 2.9 of the Code before 5.00 pm each day will be included in the final version of the Disclosure Table by 5.30 pm that day. The final version of the Disclosure Table issued each day will be marked "Final" and persons required to make Dealing Disclosures and Opening Position Disclosures are advised to use that final version. Any changes to the Rule 2.6 deadline of a potential offeror will also be reflected in the "Final" version of the Disclosure Table, although any such changes will not be shown in the "Amendments" section at the top of the Disclosure Table.

6.

Dealing Disclosures by the parties to an offer, persons acting in concert with them and connected EPTs must be made by no later than 12 noon on the business day (as defined in the Code) following the date of the relevant dealing and Dealing Disclosures by persons with an interest in relevant securities of 1% or more must be made by 3.30 pm on the business day following the date of the relevant dealing.

7.

Opening Position Disclosures by the parties to an offer and by connected EPTs must be made by no later than 12 noon on the 10th business day after the commencement of the offer period or the announcement that first identifies an offeror (as the case may be). Where required, Opening Position Disclosures by persons with interests in relevant securities of 1% or more must be made by no later than 3.30 pm on the 10th business day after the commencement of the offer period or the announcement that first identifies an offeror (as the case may be). Details of the time and date at which an offer period commenced and at which an offeror was first identified are set out in the Disclosure Table. In order to calculate the deadline for Opening Position Disclosures, it is therefore necessary to count forward 10 business days from the relevant date.

8.

Opening Position Disclosures and Dealing Disclosures required under Rule 8 of the Code must be made to a Regulatory Information Service ("RIS").

9.

This Note is applicable if it says "See Note 9 below" by the name of the company in the Disclosure Table above. The Executive has granted the company a dispensation from the requirements under the Code that announcements must be published via a RIS. The company is instead required to publish all announcements on its website. The Executive has also granted a dispensation from Note 3 on Rule 8 of the Code that disclosures made under Rule 8 of the Code must be made to a RIS. Therefore, Opening Position Disclosures and Dealing Disclosures required under Rule 8 of the Code may be made to the company at the address stated in the announcement that commenced the offer period.

10.

The following are approved Regulatory Information Services:

.

Business Wire Regulatory Disclosure provided by Business Wire

+44 (0)20 7626 1982

.

EQS IR COCKPIT provided by EquityStory AG

+49 89 21 02 98-50

.

GlobeNewswire provided by West Digital Media Solutions

+44 (0)20 3753 2071

.

MFN provided by Modular Finance

+44 (0)20 3026 4414

.

PR Newswire Disclose provided by PR Newswire

+44 (0)20 7454 5210

.

RNS provided by the London Stock Exchange

+44 (0)20 7797 4400