Form 8.3 - Ora Technology plc
FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the ÒCodeÓ)
1. KEY INFORMATION
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(a) Full name of discloser: |
Concert Party as agreed on 22 June 2023 |
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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. |
Nicholas Lyth* Midori Carbon Inc (formerly AJA Ventures Inc, company in which Mark Rutledge is director) Marallo Holdings Inc (owned by Michael Edwards) Fidelio Partners Pte LTD (owned by Matt Lodge)* Toro Consulting Ltd (owned by Jonathan Bixby)* (California Two Pizza Ventures Inc (owned by Derek Lew)* Rupert Williams |
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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 |
Ora Technology plc |
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(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: |
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(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure |
6 September 2024 |
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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 ÒN/AÓ |
Yes - Kondor AI plc
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* Has been disclosed in OPD for Kondor AI plc - Concert Party as agreed on 22 June 2023
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 (if any)
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Class of relevant security:
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0.1p ordinary shares GB00BP4YBY34 |
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Interests |
Short positions |
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Number |
% |
Number |
% |
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(1) Relevant securities owned and/or controlled: |
104,501,000 |
50.56 |
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(2) Cash-settled derivatives:
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell: |
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TOTAL: |
104,501,000 |
50.56 |
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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).
(b) Rights to subscribe for new securities (including directorsÕ and other employee options)
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Class of relevant security in relation to which subscription right exists: |
Warrants to subscribe for 0.1p ordinary shares at 1p |
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Details, including nature of the rights concerned and relevant percentages: |
No. of warrants: 30,000,000 Exercise price: 1p Issue Date: 22-Jun-2023 Expiration Date: 20-Jul-2026
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3. DEALINGS (IF ANY) 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
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Class of relevant security |
Purchase/sale
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Number of securities |
Price per unit |
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(b) Cash-settled derivative transactions
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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 |
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(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
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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 |
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(ii) Exercise
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Class of relevant security |
Product description e.g. call option |
Exercising/ exercised against |
Number of securities |
Exercise price per unit |
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(d) Other dealings (including subscribing for new securities)
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Class of relevant security |
Nature of dealing e.g. subscription, conversion |
Details |
Price per unit (if applicable) |
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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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state ÒnoneÓ |
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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 person 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 ÒnoneÓ |
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None
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(c) Attachments
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Is a Supplemental Form 8 (Open Positions) attached? |
No |
Date of disclosure: |
9 September 2024 |
Contact name: |
Michael Edwards |
Telephone number*: |
+1 (604) 902 3530
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Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The PanelÕs Market Surveillance Unit is available for consultation in relation to the CodeÕs disclosure requirements on +44 (0)20 7638 0129.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the PanelÕs Market Surveillance Unit.
The Code can be viewed on the PanelÕs website at www.thetakeoverpanel.org.uk.
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