10 Apr 2017 11:07
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Full name of discloser: | Stephen Johnson |
(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 | Shawbrook Group plc |
(d) Status of person making the disclosure: e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree) | Person acting in concert with Shawbrook Group plc |
(e) Date dealing undertaken: | 7 April 2017 |
(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 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
Class of relevant security:
| ||||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 2,713,538 | 1.08 | None | N/A |
(2) Cash-settled derivatives:
| None | N/A | None | N/A |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | None | N/A | None | N/A |
TOTAL: | 2,713,538 | 1.08 | None | N/A |
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 (including directors' and other employee options)
Class of relevant security in relation to which subscription right exists: | 1p ordinary shares |
Details, including nature of the rights concerned and relevant percentages: | Nil cost options over 12,792 1p ordinary shares (representing 0.0051% of Shawbrook Group plc's issued share capital) granted on 7 April 2017 under the Deferred Share Bonus Plan and vesting in equal tranches on 7 April 2018, 7 April 2019 and 7 April 2020. |
Class of relevant security in relation to which subscription right exists: | 1p ordinary shares |
Details, including nature of the rights concerned and relevant percentages: | Nil cost options over 46,240 1p ordinary shares (representing 0.0184% of Shawbrook Group plc's issued share capital) granted on 8 March 2017 under the Deferred Share Bonus Plan and vesting in equal tranches on 8 March 2018, 8 March 2019 and 8 March 2020. |
Class of relevant security in relation to which subscription right exists: | 1p ordinary shares |
Details, including nature of the rights concerned and relevant percentages: | Nil cost options over 82,096 1p ordinary shares (representing 0.0327% of Shawbrook Group plc's issued share capital) granted on 8 March 2017 under Performance Share Plan 2017 and vesting, subject to performance conditions, on 8 March 2020. |
Class of relevant security in relation to which subscription right exists: | 1p ordinary shares |
Details, including nature of the rights concerned and relevant percentages: | Nil cost options over 84,920 1p ordinary shares (representing 0.0339% of Shawbrook Group plc's issued share capital) granted on 9 March 2016 under Performance Share Plan 2016 and vesting, subject to performance conditions, on 9 March 2019. |
Class of relevant security in relation to which subscription right exists: | 1p ordinary shares |
Details, including nature of the rights concerned and relevant percentages: | Nil cost options over 38,377 1p ordinary shares (representing 0.0153% of Shawbrook Group plc's issued share capital) granted on 9 March 2016 under the Deferred Share Bonus Plan and vesting in equal tranches on 9 March 2017, 9 March 2018 and on 9 March 2019. |
3. DEALINGS 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 |
N/A | N/A
| N/A | N/A |
(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 |
N/A | N/A
| N/A | N/A | N/A |
(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 |
N/A | N/A
| N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A
| N/A | N/A | N/A |
(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) |
1p ordinary shares | Award of nil cost options
| Nil cost options over 12,792 1p ordinary shares (representing 0.0051% of Shawbrook Group plc's issued share capital) granted on 7 April 2017 under the Deferred Share Bonus Plan and vesting in equal tranches on 7 April 2018, 7 April 2019 and 7 April 2020. |
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 or person acting in concert making the disclosure and any other person: 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 or person acting in concert 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
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) | NO |
| Date of disclosure: | 10 April 2017 |
| Contact name: | Daniel Rushbrook |
| Telephone number: | +44 (0)1277 358184 |
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 dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.