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Form 8 (OPD)

12 Nov 2013 15:57

RNS Number : 8455S
Savile Group PLC
12 November 2013
 

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) Identity of the party to the offer making the disclosure:

Savile Group 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

Not applicable

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each party to the offer

Savile Group plc

(d) Is the party to the offer making the disclosure the offeror or the offeree?

OFFEREE

(e) Date position held:

11 November 2013

(f) Has the party previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?

NO

 

 

2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 

Class of relevant security:

 

Ordinary Shares of 3p each

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

None

None

(2) Derivatives (other than options):

None

None

(3) Options and agreements to purchase/sell:

None

None

 

TOTAL:

None

None

 

All interests and all short positions should be disclosed.

 

Details of any open derivative or option positions, 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:

Nil

Details, including nature of the rights concerned and relevant percentages:

 

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.

 

(c) Irrevocable commitments and letters of intent

 

Details of any irrevocable commitments or letters of intent procured by the party to the offer making the disclosure or any person acting in concert with it (see Note 3 on Rule 2.11 of the Code):

 

Not applicable

 

 

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 of any person acting in concert with the party to the offer making the disclosure:

As at the close of business on 11 November 2013, the interests in, rights to subscribe for,

and short positions in respect of, relevant securities of Savile Group plc held by the Savile Group plc Directors, their immediate families and related trusts and companies (excluding options as set out in the paragraph below), were as follows:

Number of %

Name Savile Shares

Jonathan Cohen1,2 2,421,642 16.2

Peter Conroy3 2,502,912 16.7

David Harrel 205,000 1.4

Mark Sidlin 41,667 0.3

 

1 10,000 of the Savile Shares in which Jonathan Cohen is interested are held by J. M. Finn Nominees

Limited.

2 1,087,776 of the Savile Shares attributed to Jonathan Cohen are jointly owned by Jonathan Cohen and

Bee Securities Limited, a company which is 100 per cent. owned by Peter Conroy and his family.

3 1,087,776 of the Savile Shares attributed to Peter Conroy are jointly owned by Jonathan Cohen and Bee

Securities Limited, a company which is 100 per cent. owned by Peter Conroy and his family 1,160,136

of the Savile Shares in which Peter Conroy is interested are held solely by Bee Securities Limited and

the balance is held by Peter Conroy and his family.

 

Option held by Savile Directors

Number of

Savile Shares Exercise

Name Date of grant under option price (p)

Penny de Valk 14 May 2013 500,000 6.5

Clare Chalmers 14 May 2013 500,000 6.5

The options may be exercised from the date of announcement of Savile's audited annual

results for the year ended 30 June 2016 until 13 May 2023.

 

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 3 for each additional class of relevant security.

 

Details of any open derivative or option positions, 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:

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:

12 November 2013

Contact name:

Mark Sidlin

Telephone number:

020 7204 6914

 

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 dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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