9 Jul 2014 10:03
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Identity of person whose open positions are being disclosed: | GLIO Holdings Limited |
Name of offeror/offeree in relation to whose relevant securities the disclosure relates: | London Capital Group Holdings Plc |
2. OPTIONS AND DERIVATIVES
Class of relevant security | Product description e.g. call option | Written or purchased | Number of securities to which option or derivative relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date |
3. AGREEMENTS TO PURCHASE OR SELL ETC.
Full details should be given so that the nature of the interest or position can be fully understood: |
Pursuant to an agreement dated 2nd July 2014, GLIO Holdings Limited ("GLIO") has agreed to acquire 4,100,000 ordinary shares in London Capital Group PLC ("LCG") from Simon Denham at a price of 35p per share, subject to certain conditions being met, namely the passing of all shareholder resolutions proposed at the general meeting of LCG on 3rd July 2014 (which were in fact passed) and the grant of the Approvals (as such term is defined in LCG's circular dated 17 June 2014). If such conditions are not satisfied by 31st December 2014, the agreement to purchase shall lapse. |
It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences ("CFDs") or spread bets.
The currency of all prices and other monetary amounts should be stated.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.