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Harvey Nash Group (HVN)

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Thursday 16 August, 2018

Harvey Nash Group

Form 8 (OPD) - Harvey Nash Group Plc

RNS Number : 0179Y
Harvey Nash Group PLC
16 August 2018
 

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:

HARVEY NASH GROUP 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.

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

HARVEY NASH GROUP PLC

(d) Is the discloser the offeror or the offeree?

OFFEREE

(e) Date position held:

     The latest practicable date prior to the disclosure

16 AUGUST 2018

(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"

N/A

 

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:

N/A

-

N/A

-

(2) Cash-settled derivatives:

 

N/A

-

N/A

-

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

N/A

-

N/A

-

 

     TOTAL:

N/A

-

N/A

-

 

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) Ordinary Shares of 5p each held by directors of Harvey Nash Group plc

 

Director

Harvey Nash Ordinary Shares

Percentage of Harvey Nash issued share capital

Albert Ellis

221,435

0.301%

Simon Wassall

328,889

0.448%

Mark Garratt

35,331

0.048%

Kevin Thomas

10,000

0.014% 

Julie Baddeley

10,000

0.014% 

 

(b) Harvey Nash Group plc Performance Share Plan Awards granted to directors of Harvey Nash Group plc

 

Director

Maximum number of ordinary shares awarded

Date of grant

Exercise price per share

Vesting date

Albert Ellis

98,046

01/05/2015

5p

01/05/2018

Albert Ellis

547,404

29/04/2016

5p

29/04/2019

Albert Ellis

441,656

29/09/2017

5p

29/09/2020

Albert Ellis

298,393

08/08/2018

5p

08/08/2021

Simon Wassall

65,784

01/05/2015

5p

01/05/2018

Simon Wassall

367,542

29/04/2016

5p

29/04/2019

Simon Wassall

296,540

29/09/2017

5p

29/09/2020

Simon Wassall

200,349

08/08/2018

5p

08/08/2021

Mark Garratt

189,291

29/09/2017

5p

29/09/2020

Mark Garratt

191,938

08/08/2018

5p

08/08/2021

 

(c) Ordinary Shares of 5p each held by close relatives of directors of Harvey Nash Group plc

 

Director

Harvey Nash Ordinary Shares

Percentage of Harvey Nash issued share capital

Lynn Patricia Ellis

659,923

0.898%                       

 

 

 

 

 

 

 

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:

16 August 2018

Contact name:

Mark Garratt, Chief Financial Officer

Telephone number:

020 7333 0033

 

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, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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