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28 Jan 2015 14:39
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: | Matchtech Group plc ("Matchtech") |
(b) Owner or controller of interests and short positions disclosed, if different from 1(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: Use a separate form for each offeror/offeree | Matchtech Group plc |
(d) Is the discloser the offeror or the offeree? | Offeror |
(e) Date position held: The latest practicable date prior to the disclosure | 27 January 2015 |
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" | Yes, Networkers International plc |
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:
| ||||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 0 | 0 | 0 | 0 |
(2) Cash-settled derivatives:
| 0 | 0 | 0 | 0 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
TOTAL: | 0 | 0 | 0 | 0 |
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: |
None
|
3.1 Matchtech Directors
Name | Number of ordinary shares held(1) | Percentage of total issued ordinary shares (excluding treasury shares) (2) |
George Douglas Peter Materna | 7,837,405 | 31.39% |
Adrian Paul Gunn | 431,299 | 1.73% |
Tony Dyer | 309,960 | 1.24% |
Keith Lewis | 283,690 | 1.14% |
Brian Wilkinson | 10,000 | 0.04% |
(1) Includes ordinary shares of Matchtech held by the directors and, to their knowledge after inquiry, their close relatives (whether directly or in trust).
(2) Based on 24,966,817 outstanding ordinary shares of Matchtech (as at 27 January 2015).
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).
3.2 Directors' Options
In addition to the interests in ordinary shares noted above, Adrian Paul Gunn, Brian Wilkinson, Keith Lewis and Tony dyer have been granted the following awards over shares:
Adrian Paul Gunn | |||
Plan | Date at which exercisable | Expiry date | Number of relevant securities under option |
2010 Deferred Share Bonus Plan | 18 January 2012 | 4 February 2021 | 12,500 |
2012 Long Term Investment Plan | 31 January 2015 | 31 January 2022 | 21,826 |
2013 Long Term Investment Plan | 31 January 2016 | 31 January 2023 | 25,000 |
2013 Deferred Share Bonus Plan | 24 January 2015 | 31 January 2023 | 8,125 |
2013 Deferred Share Bonus Plan | 24 January 2016 | 31 January 2023 | 8,125 |
2014 Long Term Investment Plan | 24 January 2017 | 24 January 2024 | 52,632 |
Brian Wilkinson | |||
Plan | Date at which exercisable | Expiry date | Number of relevant securities under option |
2014 Long Term Investment Plan | 24 January 2017 | 24 January 2024 | 34,896 |
Keith Lewis | |||
Plan | Date at which exercisable | Expiry date | Number of relevant securities under option |
2012 Long Term Investment Plan | 31 January 2015 | 31 January 2022 | 8,730 |
2013 Long Term Investment Plan | 31 January 2016 | 31 January 2023 | 16,000 |
2013 Deferred Share Bonus Plan | 24 January 2015 | 31 January 2023 | 5,200 |
2013 Deferred Share Bonus Plan | 24 January 2016 | 31 January 2023 | 5,200 |
2014 Long Term Investment Plan | 24 January 2017 | 24 January 2024 | 34,450 |
Tony Dyer | |||
Plan | Date at which exercisable | Expiry date | Number of relevant securities under option |
2012 Long Term Investment Plan | 31 January 2015 | 31 January 2022 | 13,968 |
2013 Long Term Investment Plan | 31 January 2016 | 31 January 2023 | 16,000 |
2013 Deferred Share Bonus Plan | 24 January 2015 | 31 January 2023 | 5,200 |
2013 Deferred Share Bonus Plan | 24 January 2016 | 31 January 2023 | 5,200 |
2014 Long Term Investment Plan | 24 January 2017 | 24 January 2024 | 34,450 |
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: | 28 January 2015 |
| Contact name: | Neil Ayton |
| Telephone number: | 01489 884342 |
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 disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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