TIDMASTO TIDMRIV TIDMPMI

RNS Number : 8565U

AssetCo PLC

07 December 2021

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:                                 AssetCo plc 
 (b) Owner or controller of interests and short positions    N/A 
 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   AssetCo 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:                                     3 December 2021 
  The latest practicable date prior to the disclosure 
                                                            ---------------------------------------------------------- 
 (f) In addition to the company in 1(c) above, is the        YES: 
 discloser making disclosures in respect                     River and Mercantile Group PLC and Premier Miton Group 
 of any other party to the offer?                            PLC 
 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:                                     Nil       -         Nil        - 
                                                                                 ------------  ---  -------------- 
 (2) Cash-settled derivatives:                                                        Nil       -         Nil        - 
                                                                                 ------------  ---  -------------- 
 (3) Stock-settled derivatives (including options) and agreements to                  Nil       -         Nil        - 
 purchase/sell: 
                                                                                 ------------  ---  -------------- 
                                                                                      Nil       -         Nil        - 
   TOTAL: 
                                                                                 ------------  ---  -------------- 
 

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:    None 
 Details, including nature of the rights concerned and relevant percentages:   None 
                                                                              ----- 
 
   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) Interests in AssetCo plc's ordinary shares held by the directors of AssetCo plc and their 
        close relatives, related trusts and concert parties 
         Director name                 Number of shares   Percentage of total 
                                        held               issued share capital 
                                                           (excl. share options) 
         Harwood Capital LLP           1,796,500          21.32% 
                                      -----------------  ----------------------- 
         Toscafund Asset Management 
          LLP                          1,048,368          12.44% 
                                      -----------------  ----------------------- 
         Martin Gilbert                720,000            8.55% 
                                      -----------------  ----------------------- 
         Peter McKellar                259,482            3.08% 
                                      -----------------  ----------------------- 
         Cadoc Ltd(1)                  200,000            2.37% 
                                      -----------------  ----------------------- 
         Campbell Fleming              151,501            1.80% 
                                      -----------------  ----------------------- 
         Gordon Neilly                 125,000            1.48% 
                                      -----------------  ----------------------- 
         Mark Butcher                  6,896              0.08% 
                                      -----------------  ----------------------- 
 
 
        (1) Cadoc Ltd is a company of which Tudor Davies is a director and which is controlled and 
        owned by members of Tudor Davies' family 
 

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:    7 December 2021 
 Contact name:          Stephen Murphy 
                       ---------------- 
 Telephone number:      01600 716 911 
                       ---------------- 
 

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 .

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END

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