Opening Position Disclosure (Rule 8.1/8.2)

Afentra PLC

26 March 2026

 

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:	Afentra 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	Afentra PLC
(d) Is the discloser the offeror or the offeree?	OFFEREE
(e) Date position held:      The latest practicable date prior to the disclosure	26 March 2026
(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:	Ordinary Shares of £0.10 each par value
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	Nil	0	Nil	0
(2) Cash-settled derivatives:	Nil	0	Nil	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	Nil	0	Nil	0
TOTAL:	Nil	0	Nil	0

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:	Nil
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)   Holdings of directors of Afentra PLC: Name Number of Ordinary Shares held Percentage of total issued share capital (to two decimal places) Beneficial Owner/ Controller Paul McDade 5,497,811 2.43 Paul McDade Ian Cloke 3,923,749 1.74 Ian Cloke Gavin Wilson 3,351,666 1.48 Gavin Wilson Anastasia Deulina 2,644,636 1.17 Anastasia Deulina Andrew Osborne 225,000 0.10 Andrew Osborne Total: 15,642,862 6.92 b)   Options and awards held by directors of Afentra PLC: Name Number of options for Afentra shares  awarded Date of grant Date of vesting Date of expiry Exercise price Non-Executive Director Option Plan Thierry Tanoh 1,500,000 12.7.24 12.7.27 11.7.34 0.574 Gavin Wilson 1,500,000 12.7.24 12.7.27 11.7.34 0.574 Name Number of options for Afentra shares awarded Date of grant Date of vesting Date of expiry Exercise price Long Term Incentive Plan Paul McDade 1,453,287 12.7.24 12.7.27 11.7.34 Nil Ian Cloke 887,543 12.7.24 12.7.27 11.7.34 Nil Anastasia Deulina 887,543 12.7.24 12.7.27 N/A Nil - free shares on vesting Paul McDade 2,075,256 16.3.25 16.3.28 15.3.35 Nil Ian Cloke 1,140,652 16.3.25 16.3.28 15.3.35 Nil Anastasia Deulina 1,140,652 16.3.25 16.3.28 N/A Nil - free shares on vesting Name Number of options for Afentra shares awarded Date of grant Date of vesting Date of expiry Exercise price Founders Share Plan Paul McDade 4,839,022 7.12.23 16.3.26 6.12.33 Nil Ian Cloke 3,614,692 7.12.23 16.3.26 6.12.33 Nil Anastasia Deulina 3,206,582 7.12.23 16.3.26 N/A Nil - free shares on vesting

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:	26 March 2026
Contact name:	Hamish McArdle
Telephone number:	07740 437 059

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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END