TIDMAHCG
RNS Number : 4874U
Action Hotels PLC
12 July 2018
Action Hotels PLC
("Action Hotels" or the "Company")
Action Hotels releases the below Form 8 (OPD) on behalf of
Action Real Estate Company K.S.C.C.
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: Action Real Estate Company K.S.C.C. ("AREC") together
with its parent company, Action Group
Holdings (K.S.C.C.) ("AGH")
(b) Owner or controller of interests and short positions Dr. Souad Mohammed Sabah Al Sabah
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 Action Hotels PLC
securities this form relates:
Use a separate form for each offeror/offeree
----------------------------------------------------------
(d) Is the discloser the offeror or the offeree? OFFEROR
----------------------------------------------------------
(e) Date position held: 11 July 2018
The latest practicable date prior to the disclosure
----------------------------------------------------------
(f) In addition to the company in 1(c) above, is the N/A
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"
----------------------------------------------------------
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 10p each
Interests Short positions
-------------------- --------------------
Number % Number %
------------ ------ ------------- -----
(1) Relevant securities owned and/or controlled: 105,301,111 71.32 Nil 0
------------ ------ ------------- -----
(2) Cash-settled derivatives: 0 0 Nil 0
------------ ------ ------------- -----
(3) Stock-settled derivatives (including options) and agreements to
purchase/sell: 0 0 4,763,719.52 3.23
------------ ------ ------------- -----
TOTAL: 105,301,111 71.32 4,763,719.52 3.23
------------ ------ ------------- -----
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:
Class of Ordinary Ordinary Short Positions Short Positions
Relevant Shares Shares
Security:
Name of Concert No. % No. %
Party
---------- --------- ---------------- ----------------
Sheikh Mubarak
A. M. Al
Sabah 1,724,968 1.17 Nil 0
---------- --------- ---------------- ----------------
Mr R Bourisli 1,043,384 0.71 Nil 0
---------- --------- ---------------- ----------------
H.E. Dr.
Souad M S
Al Sabah 870,011 0.59 Nil 0
---------- --------- ---------------- ----------------
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"
(c) Attachments
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) YES
Supplemental Form 8 (SBL) NO
----
Date of disclosure: 11 July 2018
Contact name: Vikas Arora
------------------
Telephone number: +965 (2) 224 7510
------------------
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.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION)
POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Full name of person making disclosure: Action Real Estate Company K.S.C.C. ("AREC") together
with its parent company, Action Group
Holdings (K.S.C.C.) ("AGH")
Name of offeror/offeree in relation to whose relevant Dr. Souad Mohammed Sabah Al Sabah
securities the disclosure relates:
----------------------------------------------------------
2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)
Class of Product Written or Number of Exercise price Type Expiry date
relevant description purchased securities to per unit e.g. American,
security e.g. call which option European etc.
option or derivative
relates
10p Ordinary Call Option Written 4,763,719.52 64p less American 19/12/2018
adjustments
--------------- ---------------- --------------- ---------------- ---------------- ------------
3. AGREEMENTS TO PURCHASE OR SELL ETC.
Full details should be given so that the nature of the
interest or position can be fully understood:
None
It is not necessary to provide details on a Supplemental Form
(Open Positions) with regard to cash-settled derivatives.
The currency of all prices and other monetary amounts should be
stated.
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 rns@lseg.com or visit www.rns.com.
END
FEEEAAXAFLAPEFF
(END) Dow Jones Newswires
July 12, 2018 08:45 ET (12:45 GMT)
Action Hotels (LSE:AHCG)
Historical Stock Chart
From Nov 2024 to Dec 2024
Action Hotels (LSE:AHCG)
Historical Stock Chart
From Dec 2023 to Dec 2024
