11 Jun 2014 12:45
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")
Amendment to section 3
1. KEY INFORMATION
(a) Identity of the party to the offer making the disclosure: | Le Bas Investment Trust 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 | Le Bas Limited which is the holding company of Le Bas Investment Trust Limited.
Le Bas Limited is itself wholly owned by The EB Burrows 2001 Settlement Trust, a trust whose settlors were ARB Burrows and his wife AM Burrows. The trustees of The EB Burrows 2001 Settlement Trust are AM Burrows, EB Burrows, HE Cobbald and E Caley. The beneficiary of the trust is EB Burrows (the son of ARB Burrows) who has a life interest in the income of the trust. |
(c) Name of offeree in relation to whose relevant securities this form relates: Use a separate form for each party to the offer | Tex Holdings plc |
(d) Is the party to the offer making the disclosure the offeror or the offeree? | Offeror |
(e) Date position held: | 11 June 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 If YES, specify which: |
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:
| 10p Ordinary | |||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 812,028 | 12.79 | None | 0 |
(2) Derivatives (other than options): | None | 0 | None | 0 |
(3) Options and agreements to purchase/sell: | None | 0 | None | 0 |
TOTAL: | 812,028 | 12.79 | None | 0 |
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: | None |
Details, including nature of the rights concerned and relevant percentages: | N/A |
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): |
Christopher Palmer-Tomkinson in respect of 28,000 shares (0.44%) Christopher Parker in respect of 100 shares (0.00157%) David Redhead in respect of 3,000 shares (0.05%)
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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: |
Edward Le Bas Limited, a subsidiary of Le Bas Investment Trust Limited, is the registered holder of 1,180,789 ordinary 10p shares in the capital of the offeree.
Minnowdown Limited holds 110,784 ordinary 10p shares in the capital of the offeree as a nominee for Mark Harrison, a director of Le Bas Investment Trust Limited.
Pearl Harrison, Mark Harrison's mother, holds 4,000 ordinary 10p shares in the capital of the offeree.
Suzanna Harrison, Mark Harrison's daughter, holds 5,000 ordinary 10p shares in the capital of the offeree.
The Pension & Assurance Scheme of Edward Le Bas Limited, of which Edward Le Bas Limited (a 100% subsidiary of the offeror) is the sponsoring employer, holds 385,000 ordinary 10p shares in the capital of the offeree.
None of the above holds any short positions products or rights to subscribe for shares in Tex Holdings plc.
|
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
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(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) | NO |
Supplemental Form 8 (SBL) | NO |
| Date of disclosure: | 11 June 2014 |
| Contact name: | Hilde Cobbald |
| Telephone number: | 01473 830055 |
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.