VIII Investment UK Sarl Form 8 (OPD) VIII Investment UK Sarl (2999G)
June 27 2012 - 11:03AM
UK Regulatory
TIDMTTM TIDMOTE
RNS Number : 2999G
VIII Investment UK Sarl
27 June 2012
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 VIII Investment UK S.a. r.l.
disclosure:
---------------------------------------------------------- ----------------------------------------------------------
(b) Owner or controller of interests and short positions An entity entirely owned by funds managed and/or advised
disclosed, if different from 1(a): by Westbrook Partners.
The naming of nominee or vehicle companies is
insufficient
---------------------------------------------------------- ----------------------------------------------------------
(c) Name of offeror/offeree in relation to whose relevant O Twelve Estates Ltd.
securities this form relates:
Use a separate form for each party to the offer
---------------------------------------------------------- ----------------------------------------------------------
(d) Is the party to the offer making the disclosure the OFFEROR
offeror or the offeree?
---------------------------------------------------------- ----------------------------------------------------------
(e) Date position held: 27 June 2012
---------------------------------------------------------- ----------------------------------------------------------
(f) Has the party previously disclosed, or is it today NO
disclosing, under the Code in respect
of any other party to this offer?
---------------------------------------------------------- ----------------------------------------------------------
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: Ordinary shares of 1p each
-------------------------------------------------- ----------------------------------------
Interests Short positions
-------------------------------------------------- -------------------- ------------------
Number % Number %
-------------------------------------------------- ------------ ------ ------------- ---
(1) Relevant securities owned and/or controlled: 370,025,139 77.06 0 0
-------------------------------------------------- ------------ ------ ------------- ---
(2) Derivatives (other than options): 0 0 0 0
-------------------------------------------------- ------------ ------ ------------- ---
(3) Options and agreements to purchase/sell: 0 0 0 0
-------------------------------------------------- ------------ ------ ------------- ---
TOTAL: 370,025,139 77.06 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: None
---------------------------------------------------------------------------- -----
Details, including nature of the rights concerned and relevant percentages: None
---------------------------------------------------------------------------- -----
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):
-------------------------------------------------------------------------------------------------
VIII Investment UK S.a r.l. has received irrevocable undertakings from Phillip Rhodes, Howard
Stanton, Quentin Spicer, Richard Barnes and Peter Radford (the Independent Directors) to accept
the offer (or procure that the offer be accepted) in respect of their beneficial holdings
of shares in O Twelve Estates Ltd. (O Twelve), amounting in aggregate to 1,070,000 shares
in O Twelve, representing approximately 0.22 per cent. of O Twelve's existing issued share
capital as at 27 June 2012.
These irrevocable undertakings will continue to be binding even if a competing offer is made
for O Twelve which exceeds the value of the Offer and even if such higher offer is recommended
for acceptance by the directors of O Twelve.
The Independent Directors who have given irrevocable undertakings are as follows:
Name Number of shares in O Twelve % of issued share capital
Phillip Rhodes 588,000 0.12
Howard Stanton 221,000 0.05
Quentin Spicer 25,000 0.01
Richard Barnes 196,000 0.04
Peter Radford 40,000 0.01
-------------------------------------------------------------------------------------------------
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:
------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------
(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: 27 June 2012
--------------------- --------------------
Contact name: Andy Gummer
--------------------- --------------------
Telephone number: +44 (0)207 659 9456
--------------------- --------------------
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
The company news service from the London Stock Exchange
END
FEELLFIRRFIDFIF
O Twelve Estates (LSE:OTE)
Historical Stock Chart
From Aug 2024 to Sep 2024
O Twelve Estates (LSE:OTE)
Historical Stock Chart
From Sep 2023 to Sep 2024