16 Mar 2018 17:47
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: | BlueCrest Capital Management Limited |
(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. |
N/A |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Sibanye Gold Limited (trading as Sibanye-Stillwater) |
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: | |
(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 14 March 2018 (in addition, BlueCrest has dealt on previous dates during the offer period as set out below) |
(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, Lonmin plc
|
2. POSITIONS OF THE PERSON 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 following the dealing (if any)
Class of relevant security:
| Ordinary npv | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 1,600,000 | 0.07% | 6,681,867 | 0.31% |
(2) Cash-settled derivatives:
| 1,267,575 | 0.06% | 321,345 | 0.01% |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
TOTAL: |
2,867,575 |
0.13% |
7,003,212 |
0.32% |
Class of relevant security:
| Convertible Bond 2023 | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 0 | 0 | 0 | 0 |
(2) Cash-settled derivatives:
| 18,000,000 | 4% | 0 | 0 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
TOTAL: | 18,000,000 | 4% | 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).
(b) Rights to subscribe for new securities (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists: | |
Details, including nature of the rights concerned and relevant percentages: |
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchase/sale
| Number of securities | Price per unit |
ADR | Purchase | 23,068 | 3.9889 USD |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
|
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
|
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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: 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 person making the disclosure 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
Is a Supplemental Form 8 (Open Positions) attached? | No |
| Date of disclosure: | 16/03/2018 |
| Contact name: | Robert Heaselgrave |
| Telephone number: | 0044 (0) 1534 843 815 |
In addition to the trade for 14th March 2018, please see below table for additional undisclosed trades during the offer period.
Purchases and sales
Trade Date | Class of relevant security | Purchase/sale
| Number of securities | Price per unit |
15/01/2018 | Ordinary npv | Sale | 452,352 | 138.2900 ZAR |
09/02/2018 | Ordinary npv | Purchase | 369,140 | 100.0000 ZAR |
13/02/2018 | Ordinary npv | Sale | 319,921 | 109.0000 ZAR |
26/02/2018 | Ordinary npv | Sale | 726,000 | 100.0000 ZAR |
06/03/2018 | Ordinary npv | Sale | 1,938,000 | 1,230.0000 ZAR |
07/03/2018 | Ordinary npv | Sale | 775,194 | 1,257.0000 ZAR |
14/12/2017 | ADR | Sale | 8,331 | 4.7308 USD |
14/12/2017 | ADR | Purchase | 3,639 | 4.7959 USD |
15/12/2017 | ADR | Sale | 2,083 | 4.7910 USD |
15/12/2017 | ADR | Sale | 6,200 | 4.7932 USD |
15/12/2017 | ADR | Sale | 1,900 | 4.7662 USD |
15/12/2017 | ADR | Purchase | 2,202 | 4.8365 USD |
15/12/2017 | ADR | Sale | 14,579 | 4.8500 USD |
20/12/2017 | ADR | Sale | 3,549 | 4.6327 USD |
22/12/2017 | ADR | Sale | 2,236 | 4.8898 USD |
22/12/2017 | ADR | Sale | 2,236 | 4.8739 USD |
28/12/2017 | ADR | Purchase | 2,900 | 5.1855 USD |
28/12/2017 | ADR | Purchase | 2,100 | 5.1916 USD |
28/12/2017 | ADR | Purchase | 2,900 | 5.1772 USD |
29/12/2017 | ADR | Purchase | 10,664 | 5.0790 USD |
03/01/2018 | ADR | Purchase | 3,022 | 5.3333 USD |
08/01/2018 | ADR | Purchase | 2,900 | 5.2639 USD |
08/01/2018 | ADR | Purchase | 2,841 | 5.1915 USD |
09/01/2018 | ADR | Purchase | 1,000 | 5.2240 USD |
09/01/2018 | ADR | Purchase | 2,500 | 5.2198 USD |
09/01/2018 | ADR | Purchase | 2,700 | 5.1475 USD |
10/01/2018 | ADR | Purchase | 13,640 | 5.2855 USD |
11/01/2018 | ADR | Purchase | 1,600 | 5.2625 USD |
12/01/2018 | ADR | Purchase | 200,000 | 5.4769 USD |
12/01/2018 | ADR | Purchase | 12,091 | 5.4155 USD |
12/01/2018 | ADR | Purchase | 18,137 | 5.4111 USD |
16/01/2018 | ADR | Purchase | 25,266 | 5.3663 USD |
16/01/2018 | ADR | Purchase | 14,200 | 5.3715 USD |
16/01/2018 | ADR | Purchase | 60,534 | 5.3792 USD |
16/01/2018 | ADR | Purchase | 100,000 | 5.3828 USD |
22/02/2018 | ADR | Sale | 61,580 | 4.0409 USD |
01/03/2018 | ADR | Purchase | 15,395 | 3.9700 USD |
06/03/2018 | ADR | Sale | 23,068 | 4.3259 USD |
07/03/2018 | ADR | Sale | 23,068 | 4.2083 USD |
08/03/2018 | ADR | Sale | 23,068 | 4.1935 USD |
08/03/2018 | ADR | Purchase | 46,185 | 4.2095 USD |
12/03/2018 | ADR | Purchase | 23,068 | 4.1138 USD |
13/03/2018 | ADR | Purchase | 23,068 | 4.0449 USD |
Cash-settled derivative transactions
Trade date | Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
15/01/2018 | Convertible Bond 2023 | CFD | Increasing a long position | 1,000,000 | 208.356 USD |
09/02/2018 | Convertible Bond 2023 | CFD | Reducing a long position | 1,000,000 | 179.427 USD |
13/02/2018 | Convertible Bond 2023 | CFD | Increasing a long position | 1,000,000 | 185.448 USD |
26/02/2018 | Convertible Bond 2023 | CFD | Increasing a long position | 2,000,000 | 179.733 USD |
06/03/2018 | Convertible Bond 2023 | CFD | Increasing a long position | 5,000,000 | 180.688 USD |
07/03/2018 | Convertible Bond 2023 | CFD | Increasing a long position | 2,000,000 | 181.698 USD |
14/12/2017 | Ordinary npv | CFD | Increasing a short position | 75,000 | 15.4159 ZAR |
04/01/2018 | Ordinary npv | CFD | Increasing a short position | 100,000 | 16.3202 ZAR |
15/01/2018 | Ordinary npv | CFD | Increasing a short position | 50,000 | 16.9790 ZAR |
19/01/2018 | Ordinary npv | CFD | Opening a long position | 121,485 | 15.5402 ZAR |
22/01/2018 | Ordinary npv | CFD | Reducing a long position | 3,312 | 15.1800 ZAR |
22/01/2018 | Ordinary npv | CFD | Reducing a long position | 2,846 | 15.1800 ZAR |
22/01/2018 | Ordinary npv | CFD | Increasing a long position | 119,798 | 15.2074 ZAR |
22/01/2018 | Ordinary npv | CFD | Reducing a short position | 60,000 | 15.2150 ZAR |
26/01/2018 | Ordinary npv | CFD | Reducing a short position | 60,000 | 14.6655 ZAR |
30/01/2018 | Ordinary npv | CFD | Reducing a short position | 60,000 | 13.8961 ZAR |
31/01/2018 | Ordinary npv | CFD | Increasing a long position | 58,781 | 13.8075 ZAR |
31/01/2018 | Ordinary npv | CFD | Reducing a short position | 60,000 | 13.8055 ZAR |
05/02/2018 | Ordinary npv | CFD | Reducing a short position | 80,000 | 13.0883 ZAR |
06/02/2018 | Ordinary npv | CFD | Reducing a short position | 55,000 | 12.7500 ZAR |
07/02/2018 | Ordinary npv | CFD | Reducing a short position | 100,000 | 12.4900 ZAR |
09/02/2018 | Ordinary npv | CFD | Reducing a short position | 50,000 | 12.2948 ZAR |
12/02/2018 | Ordinary npv | CFD | Reducing a short position | 50,000 | 12.2084 ZAR |
13/02/2018 | Ordinary npv | CFD | Increasing a short position | 80,000 | 12.9687 ZAR |
21/02/2018 | Ordinary npv | CFD | Increasing a short position | 60,000 | 13.5879 ZAR |
22/02/2018 | Ordinary npv | CFD | Increasing a long position | 63,738 | 11.9140 ZAR |
22/02/2018 | Ordinary npv | CFD | Increasing a long position | 78,532 | 11.9454 ZAR |
22/02/2018 | Ordinary npv | CFD | Increasing a long position | 91,908 | 11.9071 ZAR |
22/02/2018 | Ordinary npv | CFD | Increasing a long position | 12,248 | 11.8000 ZAR |
22/02/2018 | Ordinary npv | CFD | Increasing a long position | 165,000 | 11.7614 ZAR |
22/02/2018 | Ordinary npv | CFD | Increasing a long position | 79,397 | 11.4564 ZAR |
22/02/2018 | Ordinary npv | CFD | Opening a short position | 37,961 | 11.3000 ZAR |
22/02/2018 | Ordinary npv | CFD | Reducing a short position | 60,000 | 11.3000 ZAR |
23/02/2018 | Ordinary npv | CFD | Increasing a long position | 132,522 | 11.1125 ZAR |
23/02/2018 | Ordinary npv | CFD | Increasing a long position | 83,440 | 10.9596 ZAR |
07/03/2018 | Ordinary npv | CFD | Increasing a short position | 100,000 | 12.3516 ZAR |
08/03/2018 | Ordinary npv | CFD | Reducing a short position | 25,307 | 12.2400 ZAR |
09/03/2018 | Ordinary npv | CFD | Increasing a long position | 70,048 | 11.9483 ZAR |
09/03/2018 | Ordinary npv | CFD | Increasing a long position | 100,069 | 11.9755 ZAR |
12/03/2018 | Ordinary npv | CFD | Increasing a long position | 96,767 | 11.8848 ZAR |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
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.