29 Sep 2014 09:30
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: | MALLETT 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 | |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each party to the offer | MALLETT PLC |
(d) Is the party to the offer making the disclosure the offeror or the offeree? | OFFEREE |
(e) Date position held: | 29 September 2014 |
(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:
| ||||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | NIL | 0 | NIL | 0 |
(2) Derivatives (other than options): | NIL | 0 | NIL | 0 |
(3) Options and agreements to purchase/sell: | NIL | 0 | NIL | 0 |
TOTAL: | NIL | 0 | NIL | 0 |
(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 |
(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): |
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 of any person acting in concert with the party to the offer making the disclosure: |
(a) Shares held by directors in Mallett PLC
Director | Number of Mallett PLC ordinary shares of 5 pence each held directly | Number of Mallett PLC ordinary shares of 5 pence each held through share incentive plan | Total interests | Percentage of existing issued share capital |
Giles Hutchinson Smith | 0 | 62,369 | 62,369 | 0.45% |
Michael Smyth-Osbourne | 4,200 | 41,882 | 46,082 | 0.33% |
Henry Neville | 10,000 | 33,051 | 43,051 | 0.31% |
James Heneage | 10,000 | 0 | 10,000 | 0.07% |
(b) Rights to acquire shares held by directors in Mallett PLC
Director | Number of rights to acquire Mallett PLC ordinary shares under under share bonus scheme | Number of rights to acquire Mallett PLC ordinary shares under share incentive plan | Number of rights to acquire Mallett PLC ordinary shares under long term investment plan | Total interests |
Giles Hutchinson Smith | 57,559 | 42,383 | 31,496 | 131,438 |
Michael Smyth-Osbourne | 54,271 | 38,238 | 29,241 | 121,750 |
Henry Neville | 51,026 | 19,101 | 24,692 | 94,819 |
Further details on the share schemes is disclosed in the Annual Report and Accounts which are available on the Mallett PLC website
-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: | 29 September 2014 |
| Contact name: | Jade Jack |
| Telephone number: | 020 3696 7260 |
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.