OPD in accordance with Rule 8
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: |
Greencore 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 |
- |
|
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each party to the offer |
Northern Foods plc (Offeree) |
|
(d) Is the party to the offer making the disclosure the offeror or the offeree? |
OFFEROR |
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(e) Date position held: |
17 November 2010 |
|
(f) Has the party previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? |
NO
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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:
|
Ord / Equity |
|||
|
|
Interests |
Short positions |
||
|
Number |
% |
Number |
% |
|
|
(1) Relevant securities owned and/or controlled: |
0 |
0 |
0 |
0 |
|
(2) Derivatives (other than options): |
- |
- |
- |
- |
|
(3) Options and agreements to purchase/sell: |
- |
- |
- |
- |
|
TOTAL: |
0 |
0 |
0 |
0 |
All interests and all short positions should be disclosed.
Details of any open derivative or option positions, 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: |
- |
|
Details, including nature of the rights concerned and relevant percentages: |
- |
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.
(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): |
|
Schedule of irrevocable undertaking and letters of intent:
Greencore Name of Director Greencore Shares % of issued share capital Ned Sullivan 22,365 0.01% Patrick Coveney 404,500 0.19% Geoff Doherty 37,000 0.02% Anthony Hynes 59,528 0.03% Di Walker 57,682 0.03% Patrick McCann 42,000 0.02% Gary Kennedy 17,701 0.01% David Simons 50,000 0.02% David Sugden 17,500 0.01% Total 708,276 0.34%
Name of Shareholder Greencore Shares % of issued share capital Polaris Capital Management LLC 28,697,955 13.81% Letko Brosseau & Associates Inc 23,388,508 11.26% Artemis Investment Management LLP 10,833,369 5.21% Total 62,919,832 30.29%
Northern Foods Name of Director Northern Foods Shares % of issued share capital Stefan Barden 2,237,917 0.48% Anthony Hobson 30,000 0.01% Orna Ni-Chionna 25,000 0.01% David Nish 10,000 0.00% Total 2,302,917 0.49%
Name of Shareholder Northern Foods Shares % of issued share capital GAM International Management Ltd 32,362,984 6.91% Odey Asset Management LLP 22,965,284 4.90% Total 55,328,268 11.81%
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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: |
|
Barclays Group - 0 Investec - 0 Goodbody Stockbrokers Nominees Ltd - 5,000 shares Allied Irish Bank Group - 0 IBI Corporate Finance - 0 Bank of Ireland - 0
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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 3 for each additional class of relevant security.
Details of any open derivative or option positions, 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: If there are no such agreements, arrangements or understandings, state "none" |
|
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" |
|
None.
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(c) Attachments
Are any Supplemental Forms attached?
|
Supplemental Form 8 (Open Positions) |
NO |
|
Supplemental Form 8 (SBL) |
NO |
Date of disclosure: |
17 November 2010 |
Contact name: |
Conor O'Leary |
Telephone number: |
+353 1 605 1004 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing 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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