6 Jun 2019 12:31
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) Full name of discloser: | LondonMetric Property 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. For a trust, the trustee(s), settlor and beneficiaries must be named. | |
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | LondonMetric Property plc (OFFEROR) |
(d) Is the discloser the offeror or the offeree? | OFFEROR |
(e) Date position held: The latest practicable date prior to the disclosure | 5 June 2019 |
(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 If YES, specify which: A & J Mucklow Group Plc (OFFEREE)
|
2. POSITIONS OF THE PARTY TO THE OFFER 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
Class of relevant security:
| ||||
| Interests | Short positions | ||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | NIL | 0.00 | NIL | 0.00 |
(2) Cash-settled derivatives:
| NIL | 0.00 | NIL | 0.00 |
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | NIL | 0.00 | NIL | 0.00 |
TOTAL: | NIL | 0.00 | NIL | 0.00 |
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
Class of relevant security in relation to which subscription right exists: | N/A |
Details, including nature of the rights concerned and relevant percentages: | N/A |
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 (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure: |
(a) Shares held by the directors of LondonMetric Property plc1
| ||
Name | Number of Ordinary Shares of 10p each in the Offeror interested in | Percentage of total issued share capital (%) (excluding shares under option) of the Offeror
|
Andrew Jones | 3,791,072 | 0.541% |
Martin McGann | 2,564,560 | 0.366% |
Valentine Beresford | 2,991,860 | 0.427% |
Mark Stirling | 2,485,522 | 0.355% |
Patrick Vaughan | 12,250,000 | 1.748% |
Suzanne Avery | 22,750 | 0.003% |
James Dean | 20,000 | 0.003% |
Robert Fowlds | 104,000 | 0.015% |
Andrew Livingston | 68,898 | 0.010% |
Rosalyn Wilton | 100,000 | 0.014% |
Notes
1. The shares held by the directors indicated in this list are held beneficially by them, their close relatives or related trust together.
(b) Awards granted to the Directors of LondonMetric Property Plc outstanding2
| |||
Name | Description of Award | Date of Grant | Number of Ordinary Shares of 10p each subject to the outstanding awards |
Andrew Jones | LTIP 2016 | 8 June 2016 | 720,568 |
LTIP 2017 | 16 June 2017 | 667,925 | |
LTIP 2018 | 15 June 2018 | 582,698 | |
LTIP 2019 | 5 June 2019 | 534,747 | |
Deferred Bonus Shares | 8 June 2016 | 70,434 | |
Deferred Bonus Shares | 16 June 2017 | 162,622 | |
Martin McGann | LTIP 2016 | 8 June 2016 | 390,122 |
LTIP 2017 | 16 June 2017 | 361,620 | |
LTIP 2018 | 15 June 2018 | 315,477 | |
LTIP 2019 | 5 June 2019 | 294,989 | |
Deferred Bonus Shares | 8 June 2016 | 38,519 | |
Deferred Bonus Shares | 16 June 2017 | 90,551 | |
Valentine Beresford | LTIP 2016 | 8 June 2016 | 410,811 |
LTIP 2017 | 16 June 2017 | 380,798 | |
LTIP 2018 | 15 June 2018 | 332,209 | |
LTIP 2019 | 5 June 2019 | 304,872 | |
Deferred Bonus Shares | 8 June 2016 | 40,562 | |
Deferred Bonus Shares | 16 June 2017 | 95,354 | |
Mark Stirling | LTIP 2016 | 8 June 2016 | 410,811 |
LTIP 2017 | 16 June 2017 | 380,798 | |
LTIP 2018 | 15 June 2018 | 332,209 | |
LTIP 2019 | 5 June 2019 | 304,872 | |
Deferred Bonus Shares | 8 June 2016 | 40,562 | |
Deferred Bonus Shares | 16 June 2017 | 95,354 | |
Andrew Smith | LTIP 2019 | 5 June 2019 | 153,066 |
Notes
2. Earliest LTIP vesting date is 3 years from the date of grant subject to performance conditions and continued employment. Deferred bonus awards vest equally over 3 years subject only to continued employment.
(c ) Interests in ordinary shares of LondonMetric Property Plc held by other concert parties of LondonMetric Property Plc
| ||
Name | Number and position in respect of Ordinary Shares | Percentage of total issued share capital (%) |
J.P. Morgan Chase Bank (Custody) | 2 - Long | |
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).
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: 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 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: | 6 June 2019 |
| Contact name: | Jadzia Duzniak Company Secretary |
| Telephone number: | +44 (0) 20 7484 9035 |
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.
LondonMetric (LMP)