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17 Dec 2015 13:26
This RNS announcement replaces RNS announcement number 1647J issued on 15 December 2015. Additional information has been provided in section 3(b) with respect to options granted on 18/09/2006, 14/04/2009, 16/10/2009, 14/10/2011, 27/09/2013 and 09/10/2014.
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: | ISG plc |
(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 | ISG plc |
(d) Is the discloser the offeror or the offeree? | OFFEREE |
(e) Date position held: The latest practicable date prior to the disclosure | 15 December 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" | 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:
| ISG plc ordinary shares of 1p each | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | Nil | 0.00 | Nil | 0.00 |
(2) Cash-settled derivatives:
| Nil | 0.00 | Nil | 0.00 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | Nil | 0.00 | Nil | 0.00 |
TOTAL: | Nil | 0.00 | Nil | 0.00 |
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 |
Details, including nature of the rights concerned and relevant percentages: | None |
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) Director holdings of ordinary shares of 1p each in ISG plc
Director | Number of ISG plc shares | Percentage of existing issued shares |
G V Aldridge | 94,450 | 0.1909% |
R M Dantzic | 169,264 | 0.3421% |
A H Griffiths | 11,764 | 0.0238% |
J C B Houlton | 135,921 | 0.2747% |
S D Lawther | 235,694 | 0.4763% |
R S Mully | 60,000 | 0.1213% |
J R Stevenson | 57,434 | 0.1161% |
R G Whittington | 44,552 | 0.0900% |
3(b) Director share options granted under the Approved and Unapproved Company Share Option Plans
G V Aldridge | |||
Date of grant | Number of shares under option | Option price | Exercise period |
14/04/2009 | 71,475 | 97p | 14/04/2012 to 14/04/2019 |
16/10/2009 | 63,534 | 185p | 16/10/2012 to 16/10/2019 |
14/10/2011 | 14,183 | 184p | 14/10/2014 to 14/10/2021 |
27/09/2013 | 90,817 | 238.5p | 27/09/2016 to 27/09/2023 |
09/10/2014 | 73,679 | 303p | 09/10/2017 to 09/10/2024 |
J C B Houlton | |||
Date of grant | Number of shares under option | Option price | Exercise period |
18/09/2006 | 123,528 | 261.5p | 18/09/2009 to 18/09/2016 |
14/04/2009 | 238,250 | 97p | 14/04/2012 to 14/04/2019 |
16/10/2009 | 127,066 | 185p | 16/10/2012 to 16/10/2019 |
14/10/2011 | 31,202 | 184p | 14/10/2014 to 14/10/2021 |
27/09/2013 | 197,484 | 238.5p | 27/09/2016 to 27/09/2023 |
09/10/2014 | 165,841 | 303p | 09/10/2017 to 09/10/2024 |
S D Lawther | |||
Date of grant | Number of shares under option | Option price | Exercise period |
14/04/2009 | 357,375 | 97p | 14/04/2012 to 14/04/2019 |
16/10/2009 | 158,834 | 185p | 16/10/2012 to 16/10/2019 |
14/10/2011 | 41,035 | 184p | 14/10/2014 to 14/10/2021 |
27/09/2013 | 257,861 | 238.5p | 27/09/2016 to 27/09/2023 |
09/10/2014 | 208,911 | 303p | 09/10/2017 to 09/10/2024 |
Director share awards granted under the Performance Share Plan (Note: nothing is payable on the vesting of these awards)
G V Aldridge | ||
Date of award | Number of shares awarded | Date of vesting |
27/09/2013 | 33,459 | September 2016 |
09/10/2014 | 27,145 | October 2017 |
01/10/2015 | 85,145 | October 2018 |
J C B Houlton | ||
Date of award | Number of shares awarded | Date of vesting |
27/09/2013 | 65,828 | September 2016 |
09/10/2014 | 55,280 | October 2017 |
01/10/2015 | 161,836 | October 2018 |
S D Lawther | ||
Date of award | Number of shares awarded | Date of vesting |
27/09/2013 | 85,953 | September 2016 |
09/10/2014 | 69,636 | October 2017 |
01/10/2015 | 203,865 | October 2018 |
Director share options granted under the Savings-Related Share Option Plan
G V Aldridge | |||
Date of grant | Number of shares under option | Option price | Exercise period |
05/11/2012 | 6,428 | 140p | 01/02/2016 to 01/08/2016 |
04/11/2014 | 2,990 | 301p | 01/02/2018 to 01/08/2018 |
J C B Houlton | |||
Date of grant | Number of shares under option | Option price | Exercise period |
05/11/2012 | 6,428 | 140p | 01/02/2016 to 01/08/2016 |
08/05/2014 | 2,970 | 303p | 01/08/2017 to 01/02/2018 |
S D Lawther | |||
Date of grant | Number of shares under option | Option price | Exercise period |
05/11/2012 | 6,428 | 140p | 01/02/2016 to 01/08/2016 |
08/05/2014 | 2,970 | 303p | 01/08/2017 to 01/02/2018 |
02/11/2015 | 4,090 | 220p | 01/02/2019 to 01/08/2019 |
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: | 17 December 2015 |
| Contact name: | Jared Cranney |
| Telephone number: | 020 7392 5339 |
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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