AorTech International Plc Form 8 (OPD)

RNS Number : 5849H

AorTech International PLC

13 July 2012

 



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:	AorTech International 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	AorTech International Plc
(d) Is the party to the offer making the disclosure the offeror or the offeree?	OFFEREE
(e) Date position held:	12 July 2012
(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:	n/a		n/a
(2) Derivatives (other than options):	n/a		n/a
(3) Options and agreements to purchase/sell:	n/a		n/a
TOTAL:	n/a		n/a

(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

(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):

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 of any person acting in concert with the party to the offer making the disclosure:
Name	Number of AorTech shares	% of issued share capital
Edward McDaid	333,914	6.91%
J Gordon Wright	308,311	6.38%
Frank Maguire	103,350	2.14%
Jon Pither	25,550	0.53%
William D Brown (see note below)*	892,274	18.46%

*891,867 shares (18.45%) of William D Brown's position relates to his position as a partner of Bluehone Investors LLP, a discretionary fund manager of Active Capital Trust PLC, which holds 891,867 shares (18.45%) in AorTech International Plc.

Rights to subscribe
The interests of the Directors under the Company's share based incentive schemes were as follows:
Name	Options outstanding	Exercise price (pence)	Exercisable date	Expiry date
Jon Pither	20,000	325p	1 September 2009	31 August 2016
Jon Pither	5,000	250p	16 June 2013	15 June 2020
Frank Maguire	7,000	250p	11 July 2005	25 June 2014
Frank Maguire	19,000	280p	8 August 2005	25 June 2014
Frank Maguire	12,000	250p	11 July 2005	25 June 2014
Frank Maguire	25,000	250p	14 July 2006	25 June 2014
Frank Maguire	200,000	250p	30 June 2007	25 June 2014

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:	13 July 2012
Contact name:	J C David Parsons, Company Secretary
Telephone number:	01932 252 123

 

END

 

 

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