Form 8 (OPD) IP Group PLC
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
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(a) Full name of discloser: |
IP Group plc ("IP Group") |
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(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 |
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(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree |
IP Group plc |
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(d) Is the discloser the offeror or the offeree? |
OFFEROR |
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(e) Date position held: The latest practicable date prior to the disclosure |
6 June 2017 |
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(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" |
NO
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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
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Class of relevant security:
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2p ordinary |
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Interests |
Short positions |
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Number |
% |
Number |
% |
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(1) Relevant securities owned and/or controlled: |
- |
- |
- |
- |
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(2) Cash-settled derivatives:
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- |
- |
- |
- |
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
- |
- |
- |
- |
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TOTAL: |
- |
- |
- |
- |
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
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Class of relevant security in relation to which subscription right exists: |
N/A |
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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
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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: |
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3(a) Director holdings of ordinary shares of 2p each in IP GROUP PLC
3(b) Director conditional awards of shares under the IP Group LTIP
Note: these are conditional awards of shares subject to vesting criteria
Note: these are conditional awards of shares subject to vesting criteria
Note: these are conditional awards of shares subject to vesting criteria
Note: these are conditional awards of shares subject to vesting criteria.
3(c) Director share options granted under the IP Group Sharesave Plan
3(d) Director nil-cost share options granted under the IP Group Deferred Bonus Share Plan
3(e) Director conditional awards of shares under the Former Fusion IP LTIP
Note: these are conditional awards of shares subject to vesting criteria. David Baynes joined the IP Group plc Board with effect from 20 March 2014. As part of the acquisition of Fusion, his former Fusion IP LTIPs were converted into LTIPs over 446,000 Shares at the equivalent value of his outstanding Fusion IP LTIP interests.
3(f) Details of interests in IP Group shares held by persons presumed to be acting in concert with IP Group
Pursuant to the definition of Acting in Concert contained in The Takeover Code, Invesco Limited is regarded as an associated company of IP Group by virtue of its >20% shareholding and is therefore presumed to be acting in concert with IP Group. Invesco Limited has the following interests in IP Group: (i) 143,143,726 ordinary shares of 2 pence each, representing 25.3% of the current issued share capital (this disclosure replaces Invesco Limited's disclosure under Rule 8.3 of the Takeover Code made on 24 May 2017); |
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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
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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" |
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NONE
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(b) Agreements, arrangements or understandings relating to options or derivatives
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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" |
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NONE
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(c) Attachments
Are any Supplemental Forms attached?
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Supplemental Form 8 (Open Positions) |
NO |
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Supplemental Form 8 (SBL) |
NO |
Date of disclosure: |
7 June 2017 |
Contact name: |
Greg Smith |
Telephone number: |
+44 (0) 20 7444 0070 |
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.
This information is provided by RNS
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